IndiaMart InterMESH Limited IPO - Should you subscribe?
Incorporated in September 1999, a Delhi based company IndiaMART InterMesh Ltd is going to debut in the capital market through its IPO. This is the first IPO launch after General Elections results declared on May 23, 2019. It seems that IPO market may pick up its momentum from this juncture. The Modi Government's victory will help to enhance confidence of investors and the companies, and accordingly bullish the IPO market. Issue Details: The issue is going to open on June 24, 2019 and closing on June 26, 2019. The tentative dates of allotment and listing are July 3, 2019 and July 5, 2019 respectively. Out of 48,87,862 shares, 10,000 shares are reserved for employees. Out of balance 48,77,862 shares, 15% are reserved for Retail Investors. Object of the issue: As it is 100% offer for sale, the company is not going to receive any proceeds out of this IPO arrangement. The objects are to achieve the benefit of listing the Equity Shares on the Stock Exchanges and fo