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June 2, 2022 - June 15, 2022

IndiaMART InterMESH Limited Buyback (IndiaMART InterMESH Buyback) Detail

Incorporated in 1999, IndiaMART InterMESH Ltd e-commerce company that offers B2B and customer-to-customer sales services. The company has 143 Million Buyers, 7 Million Suppliers and 80 Million Products & Services. IndiaMART has 3,185 employees located across 32 offices in the country as of January 25, 2022.

IndiaMART InterMESH Buyback Detail

Issue PeriodJune 2, 2022 - June 15, 2022
Security NameIndiaMART InterMESH Limited
Issue TypeTender Offer
Issue Size (Shares)160,000
Issue Size (Amount)₹100.00 Crores
Buyback Price₹6250 per share
Face Value₹10 per share
Listing AtBSE, NSE

IndiaMART InterMESH Buyback Issue Timetable

Record DateMay 11, 2022
Offer Opens OnJune 2, 2022
Last Date for receipt of Tender FormsJune 15, 2022
Offer Closes On *June 15, 2022
Finalisation of Buyback AcceptanceJune 23, 2022
Last Date for settlment of bidsJune 24, 2022
Last Date for Extinguishment of SharesJuly 1, 2022

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Share out of every 63 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 4 Equity Shares out of every 861 Fully paid-up Equity Shares held on the Record Date.

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 86,567.97 75,614.63 70,744.52
Profit After Tax 29,761.90 27,977.49 14,738.21
Net Worth 1,87,405.37 1,61,088.46 27,505.75

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2022 4,879.75 3,965.35 4,409.07
Feb-2022 5,379.90 4,551.20 5,000.63
Jan-2022 6,902.00 4,350.00 6,189.47

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2022 4,880.00 3,960.00 4,408.57
Feb-2022 5,382.00 4,555.00 5,001.55
Jan-2022 6,907.00 4,301.10 6,189.40

Necessity of the Issue

The buyback is being undertaken for the following reasons:

1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders’ value.

IndiaMART InterMESH Buyback Documents

IndiaMART InterMESH Buyback Rating

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Company Contact Information

IndiaMART InterMESH Limited
6th floor, Tower 2,
Assotech Business Cresterra, Plot No.22, Sec 135,
Noida-201305, Uttar Pradesh

Phone: +91-9696969696
Email: customercare@indiamart.com
Website: https://corporate.indiamart.com/

IndiaMART InterMESH Buyback Registrar

  1. Link Intime India Private Ltd
       Link Intime India Private Ltd
       C 101, 247 Park, L.B.S.Marg,
       Vikhroli (West), Mumbai - 400083

    Phone: +91-22-4918 6270
    Email: indiamart.buyback@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

IndiaMART InterMESH Buyback Manager

Lead Manager(s)

  1. Ambit Private Limited

Registered Broker

  1. Ambit Capital Private Limited
    Email: sameer.parkar@ambit.co

Find IndiaMART InterMESH Buyback Latest Update

IndiaMART InterMESH Buyback FAQs

The IndiaMART InterMESH Buyback opens on June 2, 2022, and closes on June 15, 2022.

The IndiaMART InterMESH Buyback last day to buy is not available as of now.

The IndiaMART InterMESH Buyback is a Tender Offer.

IndiaMART InterMESH Buyback Schedule

Buyback Opening DateJune 2, 2022
Buyback Closing DateJune 15, 2022
Last Date for receipt of Tender FormsJune 15, 2022
Finalisation of Buyback AcceptanceJune 23, 2022
Last Date for settlment of bidsJune 24, 2022
Last Date for Extinguishment of SharesJuly 1, 2022

The IndiaMART InterMESH Buyback is being offered at Rs ₹6250 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Share out of every 63 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 4 Equity Shares out of every 861 Fully paid-up Equity Shares held on the Record Date.

The record date for the IndiaMART InterMESH Buyback is May 11, 2022.

The issue size of IndiaMART InterMESH Buyback is of 160,000 equity shares at ₹6250 per share aggregating upto ₹100.00 Crores.

The buyback is being undertaken for the following reasons:

1. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders’ value.

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

The IndiaMART InterMESH Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.


36 Comments

36. Noor     Link|July 4, 2022 11:30:48 PM
Had one share each in 2 different account message received in both the account that 1share debited...however the shares are stil reflecting in demat account and there is no amount credited in either of the bank accounts... request guidance from experts... pls help @ksrk sir @mravi sir @ipoexpert
36.1. KAMMA SIVA RAMA KRISHNA     Link|July 5, 2022 8:29:45 PM
Noor ji,
At the first instance, the shares held on the Record Date and tendered for the buyback will be debited. If the shares are not accepted, they will be credited back. In such cases no crediting of the amount of the buyback. If shares are accepted, the resultant amount of the buyback will be credited. I hope that your doubt is cleared.
35. DSR     Link|July 2, 2022 11:16:04 PM
Tender two shares from two accounts- both accepted and money got credited.. bought 4 again at much lower price.
34. Anupama     Link|July 1, 2022 9:33:33 AM
Buy back money is not credited, till date 30jun-22
33. Ravikiran     Link|June 28, 2022 12:59:01 PM
Buy back money is not credited, please let me know the process.
32. jignashaben trivedi     Link|June 25, 2022 10:12:37 AM
i bid one share. in demat there is 1 share. but buy back rejected, and shre credited in my demat acount. why company not accepted ?? normaly all company accept one share for buyback (in demat was one share ) .
32.1. Eazy     Link|June 28, 2022 10:06:37 AM
There is no free lunch in markets. The number of people who tendered was greater than the number of shares to be bought back in the retail segment. Some people has 1 share accepted, some had zero.
31. ajay     Link|June 27, 2022 1:38:57 PM
Did anyone from Zerodha, get money credit in the bank account?
30. Shashi Rajput     Link|June 24, 2022 8:05:02 AM
0 out off 6 accepted
30.1. TheLearner     Link|June 27, 2022 11:37:30 AM
6 DIFFERENT ACCOUNTS?
29. Rajiv     Link|June 24, 2022 10:01:04 AM
I tendered two of my shares and one got accepted. However the 2nd share which got credited back has buying price significantly lower than what I had bought at. i.e. I bought the share around 4500 but now it shows I bought at 2526/- Does buyback also reduces your buying price of the stock somehow ?
29.1. Tushar Bhatia     Link|June 24, 2022 11:51:26 AM
Yes right. Same thing has happened to me. Thinking to sell out that reduced price share today which is showing around 45% profit, but don't know if that will be a wise decision to do because it may be possible it is a technical glitch at broker end. This is happening to me in my Zerodha Account and yours?
28. Tushar Bhatia     Link|June 24, 2022 11:49:17 AM
I tendered one share of Indiamart from my Zerodha account but it was rejected. However the share which got credited back in my portfolio has buying price significantly lower than what I had bought at. i.e. I bought the share at 4827 but now it shows I bought at 2900 and showing profit of around 44%? How is this possible and should I square off the position then?
27. Vipin     Link|June 23, 2022 10:05:22 PM
For me 2 out of 1 got accepted, and money is received in the account as well.
27.1. Vipin     Link|June 24, 2022 7:55:03 AM
I mean 1 out of 2.
26. Nikhil     Link|June 23, 2022 3:48:21 PM
For me 2 out of 6 got accepted from different accounts.
25. Nikk     Link|June 23, 2022 2:32:15 PM
My share debited in morning is credited back. Does that mean no share accepted ?
24. Nandan     Link|June 23, 2022 10:02:32 AM
I got debit message .. what it means ?? Accepted or in process ??
24.1. Varun     Link|June 23, 2022 11:23:36 AM
Its in process, first all the shares gets debited and then the rejected shares get credited back
23. Aagri porya     Link|June 23, 2022 10:26:54 AM
I got this msg
CDSL: Debit in a/c *1001**** for 11-INDIAMART INTE-EQ on 23JUN
I applied my all 11 shares from one demat account for buyback

There is all shares accepted or may this credited again to my demat
22. Arun     Link|June 22, 2022 1:38:14 PM
Angel one start crediting buyback money.
Anybody knows the criteria?
22.1. shareHunterz     Link|June 23, 2022 8:35:48 AM
@Arun - Did you mean 13 accounts with 1 share each?
22.2. Nikk     Link|June 23, 2022 9:24:39 AM
Sir did you receive money in bank account ?
Have you received accepted shares message ?
I received debit message of share in my account.
21. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|June 22, 2022 9:09:54 PM
AR is 1/10.
21.1. Arun     Link|June 22, 2022 10:58:17 PM
My 4 out of 13 shares from different accounts has been accepted
21.2. Nikk     Link|June 23, 2022 9:22:31 AM
Sir I have debit message of share from cdsl. Does that mean my share is accepted ?
20. Vjk     Link|June 6, 2022 7:03:42 AM
My a/c is in growww. I have one IndiaMART share in my Flat a/c and same was I sold on 10th may and debit message from CDSL received on 12th May. Mail received on 23rd from IndiaMART for buyback. But now I want to apply, but grows site are showing that you have not owned any share on record date means 11th may. Talk to customer executive they are responding that same that you sold on ex date hence not entitled for buyback.
From link time I download tender form where my name is showing as shareholders on record date.
Now what will I do???

Is it true. If not then what will I do.
20.3. Eazy     Link|June 7, 2022 1:17:58 PM
@AJAY V ,the record date for the buyback is 11th May. That means if he bought the shares on or before the 9th of May ( T minus 2), he is entitled to participate in the buyback. If he wasn't eligible, he wouldn't have received the email from the company.
20.4. Nikk   I Like It. 2|  Link|June 17, 2022 10:51:27 AM
For selling on 10th, you must have bought them atleast 3 working days before i.e. 7th because you can't do BTST for getting your name into list.
On 10th, you must have share in your deemat account, then only after selling it the settlement is done by 12th and hence you have share till 11 th, so name appears in list.
This might be the issue.
19. Manoj     Link|June 15, 2022 11:41:18 AM
Total number of shares in retail 24000
Total number of bids recd till now 60000 in all category.
Assuming no one get entitlement ratio of 1 shares in retail quota, the acceptance ratio of 1 shares is out of 2.5 investor. Is it correct?
18. Nagaraj     Link|June 7, 2022 3:23:24 PM
0 allotted for 10 shares, which means AR is less than 10%. Pathetic buyback
18.1. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|June 7, 2022 11:23:49 PM
Sir,
Whatever number of shares you are holding on the Record Date may be submitted for the buyback. AR will always be more than the ER. All the best.
18.2. Eazy     Link|June 9, 2022 10:50:11 AM
Most likely, retail allotment will be 100% by lottery and no one will have more than 1 share accepted. There are only 24K shares to be bought in the retail category and the number of retail shareholders is more than 245k. The maximum number of shares to be eligible for retail category is 46 and the ER is about 1 in 63. So, no one will get confirmed acceptance and as long as at least 10% of shareholders tender shares, 100% of shares in retail will be allotted by lottery ( one share each).
17. Guest     Link|June 9, 2022 6:22:05 AM
Eagle Eye and other Gurus,

What do you think the AR will be for this buyback ?

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