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IndiaMART IPO opens today; should you invest? Here's what analysts advise

The price band of the IPO, which is entirely an offer for sale (OFS), has been fixed at Rs 970 to Rs 973 per share.

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Swati Verma New Delhi
The initial public offering (IPO) of IndiaMART InterMESH, India's largest online business-to-business (B2B) marketplace for business products and services, opens on Monday. Through this issue, the company is offloading 4.89 million shares. The price band of the IPO, which is entirely an offer for sale (OFS), has been fixed at Rs 970 to Rs 973 per share. At the upper end of the price band, the company aims to raise around Rs 475 crore.

On Friday, IndiaMART InterMESH raised around Rs 214 crore by allotting 2,195,038 equity shares at Rs 973 apiece to 15 anchor investors, including ICICI Mutual Fund, HDFC

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First Published: Jun 24 2019 | 6:15 AM IST

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