Mumbai: Shares of IndiaMart InterMesh Ltd listed at a 21% premium on Thursday, against its issue price of ₹973, which was the upper end of the company’s public offer price band of ₹970-973 per share. The business-to business online platform’s Rs475 crore initial public offer (IPO) was subscribed 36.16 times last week. IndiaMart InterMesh shares opened at ₹1,180 a piece on the BSE. The public offer of IndiaMart, which operates Indiamart.com, opened on 24 June and closed on 26 June. "With high internet penetration, IndiaMart presence in different verticals and geography we believe Indiamart, will be able to capture the rising opportunity in the industry.

Source: Mint July 04, 2019 04:32 UTC