IndiaMART IPO subscribed 35.87 times so far on final day of biddingPTI | New Delhi | Updated: 26-06-2019 17:21 IST | Created: 26-06-2019 17:17 IST
The initial public offer of IndiaMART InterMESH, an online marketplace for business products and services, was subscribed 35.87 times so far on the final day of bidding Wednesday. The Rs 475 crore IPO received bids for 9,65,97,705 shares against the total issue size of 26,92,824 shares, as per data available with the NSE till 16:45 hrs.
The initial public offer (IPO) is of 48,87,862 equity shares including anchor portion of 21,95,038 equity shares. The price range for the offer, which opened for bidding on Monday, has been fixed at Rs 970-973 per share.
The shares are proposed to be listed on the BSE and the National Stock Exchange.