IndiaMart makes robust debut, shares soar over 30% by admin- Thursday, July 4th, 2019 04:17:46 PM
IndiaMart InterMesh shares opened 27.07% better at the BSE at Rs. 1,one hundred eighty apiece, as compared to the difficulty rate of Rs. 973, which become the upper cease of the rate band between Rs. 970 and Rs. 973 consistent with proportion.
The preliminary public offer (IPO) of IML had obtained a sturdy response with bids for ninety seven million stocks, the alternate data confirmed. The IPO turned into subscribed 36 times. The certified institutional consumers (QIBs) category changed into subscribed 31 times. The non-institutional investor’s class turned into subscribed sixty two times. The retail individual traders (RIIs) category became subscribed 14 times.