IndiaMART IPO opens today
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IndiaMART offering shares to the public through its ₹475 crore IPO, which opens for subscription today.
The issue would close on June 26. IndiaMart has fixed a price band of ₹970–973 per share for the IPO, which consists of sale of up to 48,87,862 equity shares.
IndiaMART had a negative net worth of Rs 390 crore as on March 31, 2017, and Rs 321.26 crore in 2018. As on March 31, 2019, its net worth had turned positive, at Rs 1,598.88 million.
IndiaMart – Company profile and financials
According to KPMG, IndiaMart is India’s largest online B2B marketplace for business products and services with approximately 60% market share of the online B2B classifieds space in India in fiscal 2017. Its online marketplace provides a platform for business buyers to discover products and services and contact the suppliers of such business products and services.
ICICI Securities, Edelweiss Financial Services and Jefferies are managing the IndiaMart initial share sale.
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It can be applied via netbanking of your bank account…
But personally I would suggest to avoid it as it is very expensive (asking a PE of 125). merely just based on the assumption of future growth, this stock looks fairly overvalued and should be avoided as there are various other good fundamental stories/stocks available in the secondary market.
it might have been relevant prior to the likes of AliExpress, Alibaba and local international trade boom/ portals.
Don’t know how much intrinsic value left in their business.
avoid. shady management..
Not for long term
May apply for listing 7-10% gain
Is it worth applying for listing gain?
Tagging @marketdimer for insights on this IPO….
Business is good and site is one of the few available in India in b2b however share is asked at very high price. It may or may not give returns on listing and should correct in future. Risky ones can try luck as there is only 10% quota for retail and already 2.5 times subscribed in retail so getting allotment will be purely on luck and lottery.
Ended up giving a lot of returns. 😜
Exactly bro!
+🔥 nice thread. Huge huge huge returns! Power of buy right stocks and hold on!
10 bagger in 1:5 years. Yay!!! 🥳🥳🥳
Cc @MrKool_JJ
How to buy