IndiaMART InterMESH Limited IPO: Analysis, Review
20th June 2019
IndiaMART InterMESH Limited – India’s largest online B2B marketplace is planning to raise INR 474 Cr (all OFS) via initial public offer (IPO)
indiamart ipo date is 24 June 2016 to 26 June 2016
IndiaMART InterMESH Limited: Company Profile
Founded in 1999 with a mission to ‘make doing business easy’ IndiaMART is India’s largest online B2B marketplace, connecting buyers with suppliers.
The Company is India’s largest online Business2Business marketplace for business, products, and services with approximately 60 percent market share of the online B2B classifieds space in India in fiscal 2017, according to KPMG.
With such a huge market share of the online B2B Classified space in India, the channel focuses on providing a platform to Small & Medium Enterprises (SMEs), Large Enterprises as well as individuals.
indiamart ipo price is set at INR 973 per share
IndiaMART InterMESH Ltd: Business & Revenues
The Company refers to sellers of products and services listed on our IndiaMART marketplace as “suppliers”, and suppliers that subscribe to paid services on IndiaMART as “paying subscription suppliers”.
The buyers can place business enquiry by visiting suppliers (both small and medium) online at this marketplace and explore the product and services listing offered by the suppliers.
The company offers product and services across 52 industries and this marketplace is accessible through mobile platforms and desktop.
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IndiaMART had an aggregate of 325.8 million and 552.6 million visits in fiscal 2017 and 2018, respectively, of which 204.8 million and 396.9 million comprised mobile traffic, or 63% and 72% of total traffic, respectively.
As of now, the company has 82.70 Million+ registered buyers, 5.55 Million+ Suppliers, and it had 60.73 Million+ Products & Services storefronts in India.
The company earns revenue primarily by selling the subscription packages which are available for a month, year and multi-year.
Company Strength
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Strong network effects and brand recognition drives leadership in the B2B marketplace in India
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Comprehensive, convenient and reliable platforms for buyers
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Efficient and effective marketing platform for suppliers
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Deep understanding of online trade and commerce in India that drives innovative solutions
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Robust mobile platform
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Experienced Management Team with Proven Track Record of Performance
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2,915 employees located across 72 offices in the country
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Company Promoters
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Dinesh Chandra Agarwal (Age 49 years), is the Managing Director of the Company. He holds a bachelor’s degree in technology (computer science and engineering) from Harcourt Butler Technological Institute, Kanpur University. He has experience in the field of internet, networking and systems development and consulting.
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Brijesh Kumar Agrawal (Age 41 years), is a whole-time Director of the Company. He holds a master’s degree in management science from University of the Lucknow and a post-graduate diploma in business management from Northern Institute for Integrated Learning in Management, New Delhi. He has experience in the field of internet, business management and supply chain.
IPO Details – Price, Minimum Bid and Other
IndiaMART InterMESH – Financials
CONCLUSION –
Considering the company’s valuation and financial parameters, FinBlab recommends SUBSCRIBE ratings on IndiaMART InterMESH Limited IPO (for high-risk investors)
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