Edelweiss acted as Lead Manager (BRLM) to IndiaMart in its Qualified Institutions Placement (QIP)

Indiamart is India’s largest online B2B marketplace with over 60mn listed products across 97,000 categories and 54 industries. As on March 31, 2019, the company has 82.7 million registered buyers and 5.55 million supplier storefronts in India. The company has ~1,30,000 paid subscription suppliers as on March 31, 2019. The Company has an established distribution network comprising of over 2,800 authorised dealers and distributors and 30 warehouses as at December 31, 2018.
Edelweiss successfully closed the 2nd transaction for IndiaMart (IPO in Jul’19 followed by QIP in Feb’21). The QIP received an overwhelming response, seeing participation by marquee Foreign Institutional Investors (FIIs) across the world; Edelweiss managed to garner early interest from marquee long only FIIs. One of the very few QIPs in Indian Capital Markets which was priced at a premium to the closing price on the day of the launch (0.67%). Deal was closed in under 6 weeks from kick off to closure.

Edelweiss Financial Services

Advised in the sale of

IndiaMart Intermesh Limited (IndiaMart)



Technology, Media, and Telecom

MidCap Alliance