Stocks

IndiaMart IPO gets 51% on Day 1

Our Bureau New Delhi | Updated on June 24, 2019 Published on June 24, 2019

The issue will close on June 26

The public issue of IndiaMart InterMesh was subscribed 0.51 times at the end of Day 1. Against an issue of 26.92 lakh shares, the IPO received bids for 13.6 lakh shares.

The public issue, which came out at a price band of ₹970-973, will close on Wednesday (June 26) for subscription. On Friday, IndiaMart InterMesh allocated 21.95 lakh shares at ₹973 a share worth ₹213. 57 crore to 15 anchor investors, including ICICI MF, HDFC MF, SBI Mutual Fund, Birla MF, SAIF Partners India, Hornbill Orchid India Fund, Steadview Capital Mauritius and Malabar India.

Published on June 24, 2019
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