IndiaMart Files IPO To Raise Up To Rs 600 Crore
One of the biggest online platforms in India named Indiamart.com will soon raise the company’s valuation to as much as Rs 600 crore through a proposed initial public offering (IPO).
The company will soon file draft papers for its initial share sale which is expected to take place next month. According to the reports, investment banks ICICI Securities, Edelweiss Financial Services and a foreign investment bank are a group of advisors for the company in the matter of the initial share sale.
“Indiamart is working on an IPO that could see it raise around ₹500-600 crore through a mix of primary and secondary share sale. Some of the investors of the company could sell part of their stakes. The final details of these are yet to be formalized,” stated a source.
However, Dinesh Agarwal who is ...