Tender Offer | ₹100.00 Crores | Listed at BSE, NSE | Thu, Jun 2, 2022 - Wed, Jun 15, 2022
IndiaMART InterMESH Ltd. Buyback is a tender offer for the repurchase of up to 0.02 crore equity shares at a buyback price of ₹6250 per share with a face value of ₹10 per share, aggregating to ₹100.00 crores.
The record date for determining eligible shareholders is May 11, 2022. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Jun 2, 2022 and closes on Jun 15, 2022, with the last date for receipt of tender forms being Jun 15, 2022.
The finalisation of buyback acceptance is expected on Jun 23, 2022, followed by settlement of bids on Jun 24, 2022.
Ambit Pvt.Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and Ambit Capital Private Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the IndiaMART InterMESH Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Thu, Jun 2, 2022
Offer Closing Date
Wed, Jun 15, 2022
Buyback Price
₹6250 per share
Record Date
May 11, 2022
| 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. |
| 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 |
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.
| 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 |
| 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 |
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 Ltd.
6th floor, Tower 2,
Assotech Business Cresterra, Plot No.22, Sec 135,
Noida-201305, Uttar Pradesh
Noida, Uttar Pradesh, 201305
Lead Manager(s)
Registered Broker
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 Date | June 2, 2022 |
| Buyback Closing Date | June 15, 2022 |
| Last Date for receipt of Tender Forms | June 15, 2022 |
| Finalisation of Buyback Acceptance | June 23, 2022 |
| Last Date for settlment of bids | June 24, 2022 |
| Last Date for Extinguishment of Shares | July 1, 2022 |
The IndiaMART InterMESH Buyback is being offered at Rs ₹6250 per 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 issue size of IndiaMART InterMESH Buyback is 1,60,000 equity shares at ₹6250 per share aggregating up to ₹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.
