Book Running Lead Manager to the QIP of IndiaMART InterMESH Limited

Qualified Institutional Placement

Service

February 2021

Date

Technology & Digital

Sector

INR 10,700 MN

Deal Value

Book Running Lead Manager to the QIP of IndiaMART InterMESH Limited

Deal Highlights:

  • We successfully closed the 2nd transaction for IndiaMART in last 20 months, demonstrating our philosophy of “Invested in YOU”
    • July 2019 – IPO (₹ 4,750 mn)
    • February 2021 – QIP (₹ 10,700 mn)
  • The QIP received an overwhelming response, seeing participation by marquee FIIs across the world
  • One of the very few QIPs in Indian Capital Market which was priced at a premium to the closing price on the day of launch (0.67%)
  • Deal was closed under ~6 weeks from kick off to closure

Our Contribution:

  • In a 3-bank syndicate, procured highest share of 61.9% by number of investors and 60.8% by allocation amount
  • Managed to garner 5 out of Top 7 long only FII bids by amount including 2 of the largest bids above US$ 25 mn each
  • Garnered interest from marquee long only FIIs early to give confidence for launch at premium to last closing price……..A very rare feat !