Indiamart IPO

Given the subscription levels of some of the recent IPOs, analysts have started to be cautious and suggest investors do not subscribe to every IPO that hits the Street

Out of 11 companies that got listed in 2019, nine have outrun the market by gaining more than 10 per cent against their respective issue price

These six companies are currently valued at Rs 6,272 crore, 19 per cent higher than the Rs 5,275 crore they collectively raised via IPOs

The stock rallied up to 38 per cent to Rs 1,339 in the intra-day trade on the BSE and 37.5 per cent to Rs 1,338 on the NSE.

Analysts attribute the tepid H1CY19 to the overall market sentiment, especially the mid-and small-cap segment that underperformed the frontline benchmarks

According to a KPMG report, it has close to 60 per cent market share of the online B2B classified advertisement space in India in FY17

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.

The company has priced its IPO between Rs 970 and Rs 973 per share. The offer will close on June 26.

Existing investors of Indiamart include Intel Capital, Amadeus Capital, WestBridge Capital and Quona Capital