The company will offer around 48.88 lakh shares of face value of Rs 10 each in the price band of Rs 970-973 per share. The issue will close on June 26.
The operator of Indiamart.com aims to raise around Rs 475.59 crore at the upper end of the price band. Entire proceeds from the issue will go to the selling shareholders and nothing to the company.
Anchor investors shall be able to bid on June 21, a day prior to the opening date of the issue.
Promoters Dinesh Chandra Agarwal and Brijesh Kumar Agrawal will sell around 14.30 lakh shares through the issue. On the other hand, existing investors including Equity Shares by Intel Capital (Mauritius), Amadeus IV DPF and Accion Frontier Inclusion Mauritius will together offload around 33.21 lakh shares.
Shares of the company are proposed to be listed on BSE and NSE.
ICICI Securities, Edelweiss Financial Services and Jefferies India are the book running lead managers to the offer.
