IndiaMart InterMesh jumped 6.91% to Rs 9,150 after the B2B marketplace launched its qualified institutional placement (QIP ) to raise funds.
The fund raise committee of the board on 17 February 2021 decided to open an issue yesterday, 17 February 2021 for receiving bids. The committee approved and adopted the preliminary placement document as on 17 February 2021 and the application form, in connection with the issue.
The floor price in respect of the issue, based on the pricing formula has been pegged at Rs 9,065.61 per equity share of the company. The board may offer a discount of 5% on the floor price at its discretion.
The announcement was made after market hours yesterday, 17 February 2021.
IndiaMART is India's largest online B2B marketplace for business products and services. The company makes it easier to do business by connecting buyers and sellers across product categories and geographies in India through business enablement solutions.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app