Indiamart Intermesh Limited (Indiamart) which had tapped the capital markets with its offer for sale of 48,87,862 equity shares was oversubscribed over 36 times. The price band of the offer was Rs 970-973. Earlier the company allotted 21,95,038 equity shares at Rs 973 to 15 anchor investors comprising of 28 entities. The highest allocation was made to three domestic mutual funds who were allotted an identical 2,05,950 equity shares or 9.38% of the anchor allocation. These three were ICICI, HDFC and SBI. The total allocation to domestic institutions was 49.29% while the balance was allotted to FII’s.

The issue saw the QIB portion being subscribed 30.83 times, HNI portion was subscribed 62.13 times and Retail portion was subscribed 14.07 times. Employee quota was oversubscribed 6.06 times. The overall issue was subscribed 36.21 times.

There were 4.21 lac applications and on the basis of applications the retail portion was subscribed 12.95 times. The issue has done very well as far as subscription is concerned and grey market premiums indicate that the listing would also be good.

Full details of the subscription are given below: –