IndiaMART IPO subscribed 35.87 times so far on final day of bidding

The initial public offer of IndiaMART InterMESH, an online marketplace for business products and services, was subscribed 35.87 times so far on the final day of bidding Wednesday. The Rs 475 crore IPO received bids for 9,65,97,705 shares against the total issue size of 26,92,824 shares, as per data available with the NSE till 16:45 hrs.

The initial public offer (IPO) is of 48,87,862 equity shares including anchor portion of 21,95,038 equity shares. The price range for the offer, which opened for bidding on Monday, has been fixed at Rs 970-973 per share.

IndiaMart InterMesh had raised more than Rs 213 crore from anchor investors on Friday. ICICI Securities Ltd, Edelweiss Financial Services Ltd and Jefferies India Pvt Ltd are managing the offer.

The shares are proposed to be listed on the BSE and the National Stock Exchange.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)