Thursday, April 25

Tag: Dinesh Aggarwal

Indiamart posts profit of $4.5 million in Q1, FY’20
1Aug By AdityaNo Comments
Market

Indiamart posts profit of $4.5 million in Q1, FY’20

India based B2B eCommerce platform Indiamart Intermesh posted a consolidated profit of $4.5 million for the quarter ended on June 30, 2019. The company had recorded a loss of $8 million in the same period a year ago. "Our growth is a result of the focus on execution and measures undertaken towards enhancing buyer and supplier experience. We are continuously investing in expanding our network, enhancing our technological capabilities and acquiring the best minds from the industry," Indiamart Intermesh, Managing Director, Dinesh Agarwal said. The total consolidated income of Indiamart increased by 37.5 percent to $23 million during the reported quarter from $16.7 million in the corresponding period of 2018-19. "Consolidated revenue from operations grew by 30 percent on YoY basis...
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IndiaMart IPO Opens Today
24Jun By AdityaNo Comments
Market

IndiaMart IPO Opens Today

India based B2B e-commerce platform IndiaMart initial public offer (IPO) launched today with a price band of Rs 970-973 to raise over Rs 474 crore. The company has offered 48,87,862 equity shares in the issue, which will close on June 26. The price band is set at Rs 970-973 per equity share of face value of Rs 10 each. "The floor price is 97 times the face value of equity shares and the cap price is 97.3 times the face of the equity shares," according to the announcement made by IndiaMart. The existing investors Intel Capital, Amadeus, DPF Limited along with promoter Dinesh Chandra Agarwal, are diluting some of their stake for the IPO. Intel Capital (Mauritius) has put up to 20,76,190 equity shares for sale in the offer, Amadeus 1,70,502 equity shares, Amadeus IV DPF limited 2...
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