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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
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Offer For Sale (OFS)
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The money raised through the Offer for Sale goes to existing investors, not the company.
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IndiaMART InterMESH Limited is India's largest online B2B marketplace, focused on connecting business buyers with suppliers. The platform enables small and medium-sized enterprises (SMEs), large enterprises, and individual buyers to discover products and services across a vast range of industrial and commercial categories. Founded in 1996 by Dinesh Chandra Agarwal and Brijesh Kumar Agrawal, the company is headquartered in Noida, Uttar Pradesh, with its registered office in New Delhi. Over more than two decades, IndiaMART expanded from an online directory into a comprehensive B2B trade marketplace, establishing nationwide brand recognition. The company operates a scalable, subscription-based business model where suppliers pay recurring fees for storefront visibility, lead generation, and business inquiry tools. Leveraging strong network effects and mobile-first product features, IndiaMART maintains a dominant market position in the Indian B2B digital classifieds sector.
The company raised Rs 213.58 crore from 15 anchor investors by allocating 2,195,038 equity shares at Rs 973 per share. Notable anchor participants included ICICI Prudential Mutual Fund, HDFC Mutual Fund, DSP Mutual Fund, and Birla Sun Life Mutual Fund.
Source: RHP • Analysis provided for informational purposes
Last Updated: 28 July 2026, 9:45 PM
Dominant B2B E-Commerce Marketplace Leader
Holds a leading market share in the Indian online B2B classifieds space, providing strong network effects between business buyers and suppliers.
Scalable Asset-Light Subscription Model
Operates an online platform with low incremental capital requirements, generating steady recurring revenue from paid supplier subscriptions.
Extensive Supplier Network and Product Catalog
Encompasses millions of registered buyers, supplier storefronts, and diverse product categories across industrial and commercial sectors.
Dependency on MSME Business Health
A significant portion of paid suppliers are micro, small, and medium enterprises, making subscription renewals vulnerable to macroeconomic downturns.
Competitive Environment in Digital Classifieds
Faces competition from niche B2B portals, horizontal search platforms, and evolving e-commerce models targeting B2B procurement.
Risks Associated with Unverified Supplier Listings
Inaccurate supplier listings or transactional disputes between buyers and sellers could impact brand reputation and user trust.
IndiaMART InterMESH Limited
MUFG Intime India Private Limited
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