The company enables the discovery of products and suppliers across 50 industries. According to a KPMG report, it has around 60 per cent market share of the online B2B classifieds space in India in 2016-17.
The IPO was entirely the secondary share sale by promoters and other shareholders. ICICI Securities, Edelweiss Financial Services, and Jefferies India were managing the offer.
Existing investors, who sold shares through the IPO, include venture capital investors Intel Capital, Amadeus Capital Partners, and Quona Capital. IndiaMART was the first company to debut in the markets after the elections. Companies
had deferred their fundraising plans due to election-related uncertainties.