Initial Public Offering of up to 4,887,862 Equity Shares.

• Price band of Rs. 970 –Rs. 973 per equity share.
• Minimum Bid lot is 15 equity shares and in multiples of 15 equity shares thereafter.
• Issue opening date – Monday, June 24, 2019 and Issue closing date – Wednesday, June 26, 2019
• A discount equivalent to Rs. 97 per Equity Share on the Offer Price shall be offered to Eligible Employee Bidders
• The Floor Price is 97 times of the face value and the Cap Price is 97.3 times of the face value of the Equity Shares.
• Employee reservation of 10,000 equity shares

MUMBAI, June 19, 2019 (GPN) : IndiaMart InterMesh Limited (“Company”), 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, according to the KPMG Report will be launching its initial public offering (“IPO” or the “Offer”) which is scheduled to open on Tuesday, June 24, 2019 and close on Thursday, June 26, 2019, with a price band of Rs. 970– Rs. 973 per Equity Share of face value of Rs. 10 each of the Company (the “Equity Shares”). The Anchor Investor Bid/Issue Period shall be Friday, June 21, 2019 being one working day prior to the Issue opening date.

Initial Public Offering of up to 4,887,862 Equity Shares of face value of ₹ 10 each  of Indiamart Intermesh Limited (“Indiamart” or “Company” or the “Issuer”), through an Offer for Sale of (a) up to 2,590,000 Equity Shares by Intel Capital (Mauritius) Limited; up to 255,753 equity shares by Amadeus IV DPF Limited and up to 475,000 equity shares by Accion Frontier Inclusion Mauritius (together, the “Investor Selling Shareholders”), (b) up to 852,453 Equity Shares by Dinesh Chandra Agarwal and up to 577,656 Equity Shares by Brijesh Kumar Agrawal (together, the “Promoter Selling Shareholders”) and (c) up to an aggregate of 137,000 Equity Shares by the other selling shareholders (as defined hereinafter) collectively, the “Selling Shareholders”). The offer includes a reservation for subscription by eligible employees of 10,000 equity shares (as defined hereinafter), (which shall not exceed 5% of the post-offer equity share capital of our company) (the “Employee Reservation Portion”).

The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, (the “SCRR”) and the Net Offer constitutes [●]% of the post-Offer paid-up Equity Share capital of our Company. The Offer is being made through the Book Building Process, in compliance with Regulation 26(2) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (“SEBI ICDR Regulations”), where at least 75% of the Net Offer will be Allotted on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Category”), provided that our Company in consultation with the BRLMs, may allocate up to 60% of the QIB Category to Anchor Investors, on a discretionary basis (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which Equity Shares are allocated to Anchor Investors.

Further, 5% of the QIB Category (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the QIB Category shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. If at least 75% of the Net Offer cannot be Allotted to QIBs, then the entire application money will be refunded forthwith. Further, not more than 15% of the Net Offer shall be available for allocation on a proportionate basis to Non-Institutional Investors and not more than 10% of the Net Offer shall be available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

All Bidders (other than Anchor Investors) shall mandatorily participate in this Offer through the Application Supported by Block Amount (“ASBA”) process, and shall provide details of their respective bank account in which the Bid Amount will be blocked by the SCSBs. Anchor Investors are not permitted to participate in this Offer through the ASBA process

Company will not receive any proceeds from the Offer and the entire proceeds from the Offer will go to the Selling Shareholders, in proportion to the Equity Shares offered and sold by the respective Selling Shareholder in the Offer for Sale.

ICICI Securities Limited, Edelweiss Financial Services Limited and Jefferies India Private Limited are the Book Running Lead Manager (“BRLMs”) to the Offer.

 The Equity Shares of IndiaMart InterMesh Limited are proposed to be listed on BSE and the NSE.

About IndiaMart InterMesh Limited:

IndiaMart InterMesh Limited is India’s largest online B2B marketplace for business products and services. The company primarily operates through its product and supplier discovery marketplace, www.indiamart.com or “IndiaMART”. IndiaMart’s online marketplace provides a platform for mostly business buyers, to discover products and services and contact the suppliers of such business products and services. IndiaMART had an aggregate of 325.8 million, 552.6 million and 723.5 million visits in fiscals 2017, 2018 and 2019, respectively, of which 204.8 million, 396.9 million and 550.3 million comprised mobile traffic, or 63%, 72% and 76% of total traffic, respectively.

As of March 31, 2019, the company had 82.70 million registered buyers and had 5.55 million supplier storefronts in India. These Indian supplier storefronts had listed 60.73 million products as of March 31, 2019 of which 76% of goods comprised products and 24% were services. IndiaMart refers to an enquiry placed by buyers on IndiaMART through telephone, SMS, email or by posting an RFQ (as defined below) as a “business enquiry”.

Company also provides a robust two-way discovery marketplace connecting buyers and suppliers. Buyers locate suppliers on our marketplace, including both Indian small and medium enterprises, or “SMEs”, and large corporates, by viewing a webpage containing the supplier’s product and service listings, or a “supplier storefront”, or by posting requests for quotes called “RFQs” or “BuyLeads”.

Company counts business enquiries received by a supplier, including each receipt of the same business enquiry by multiple suppliers, as a business enquiry delivered. A total of 156.84 million, 289.98 million and 448.97 million business enquiries, respectively, were delivered to IndiaMART suppliers in fiscals 2017, 2018 and 2019. For the years ended March 31, 2018 and 2019 we had 52.59 million and 72.52 million daily unique buyer requests, respectively, of which 52% and 55% were repeat buyers calculated on the basis of the past 90 days, respectively.

Note :The Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in, on the websites of the Stock Exchanges at www.bseindia.com and www.nseindia.com and the BRLMs at www.icicisecurities.com, www.edelweissfin.com and www.jefferies.com.