Indiamart Raises $30 Million funding before IPO
Indiamart, India's leading online marketplace app for business products and services, said it has raised more than $30 million from 15 anchor investors by allotting 21,95,038 equity shares at a price of Rs 973, the upper band of its IPO that opens on June 24.
ICICI Mutual Fund, HDFC Mutual Fund, SBI Mutual Fund, Birla Mutual Fund, Hornbill Capital Advisers LLP are among the 15 anchor investors.
IndiaMart said it will launch its initial public offering from June 24 and has fixed a price band of Rs 970973 per share.
The initial public offering (IPO) is of up to 48,87,862 equity shares, according to a statement by the company.
Promoters Dinesh Chandra Agarwal and Brijesh Kumar Agrawal will sell 14,30,109 shares through the issue, ...