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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.
| Issue Period | Jun 2, 2022 - Jun 15, 2022 |
| Security Name | IndiaMART InterMESH Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 160,000.00 |
| Issue Size (Amount) | ₹100.00 Crores |
| Buyback Price | ₹6250 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Record Date | May 11, 2022 |
| Offer Opens On | Jun 2, 2022 |
| Last Date for receipt of Tender Forms | Jun 15, 2022 |
| Offer Closes On | Jun 15, 2022 |
| Finalisation of Buyback Acceptance | Jun 23, 2022 |
| Last Date for settlment of bids | Jun 24, 2022 |
| Last Date for Extinguishment of Shares | Jul 1, 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) | ||
|---|---|---|---|
| Â | 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 |
| 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.
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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/
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/
Lead Manager(s)
Registered Broker
The IndiaMART InterMESH Buyback opens on Jun 2, 2022, and closes on Jun 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 | Jun 2, 2022 |
| Buyback Closing Date | Jun 15, 2022 |
| Last Date for receipt of Tender Forms | Jun 15, 2022 |
| Finalisation of Buyback Acceptance | Jun 23, 2022 |
| Last Date for settlment of bids | Jun 24, 2022 |
| Last Date for Extinguishment of Shares | Jul 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 160,000.00 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.
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