IndiaMART InterMESH Limited closes QIP, issue price fixed as Rs.8615

The Committee of IndiaMART InterMESH Limited, at its meeting held today, has decided to close the Issue today i.e. February 22, 2021 and has accorded its consent for the issue of 12,42,212 Equity Shares of Rs. 10 each of the Company at a price of Rs. 8,615/- per Equity Share at a premium of Rs. 8,605/- per Equity Share taking into a discount of 4.97 % i.e. Rs. 450.61 per Equity Share to the floor price of Rs. 9,065.61 per Equity Share, determined as per the formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations for an aggregate value of Rs. 10,701,656,380/- (including Rs. 10,689,234,260/- towards share premium).

The Committee also approved and finalized the confirmation of allocation note to be sent to eligible QIBs intimating them of allocation of Equity Shares pursuant to the Issue.

Source : Equity Bulls

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