IndiaMART InterMESH Limited

INDIAMART

INE933S01016

Internet Services

Market Closed - NSE India S.E. Other stock markets 05:17:54 21/06/2024 pm IST			5-day change	1st Jan Change
2,655 ^INR	+1.55%		+3.01%	-2.45%

30/05	IndiaMART InterMESH to Buy 10% Stake in Baldor Technologies	MT
29/05	IndiaMART InterMESH Limited agreed to acquire 10% stake in Baldor Technologies Private Limited for INR 896.9 million.	CI

IndiaMART InterMESH Limited acquired additional 14.88% in Finlite Technologies Private Limited for approximately INR 130 million.

May 14, 2024

IndiaMART InterMESH Limited (NSEI:INDIAMART) acquired additional 14.88% in Finlite Technologies Private Limited for approximately INR 130 million on May 14, 2024. The aggregate shareholding of IndiaMART InterMESH Limited (NSEI:INDIAMART), post this investment, in Livekeeping is 65.97% on a fully diluted basis. Finlite Technologies Private Limited reported the total revenue of INR 4.47 million for the financial year ended March 31, 2024.

IndiaMART InterMESH Limited (NSEI:INDIAMART) completed the acquisition of additional 14.88% in Finlite Technologies Private Limited on May 14, 2024.

Latest news about IndiaMART InterMESH Limited

IndiaMART InterMESH to Buy 10% Stake in Baldor Technologies	30/05	MT
IndiaMART InterMESH Limited agreed to acquire 10% stake in Baldor Technologies Private Limited for INR 896.9 million.	29/05	CI
IndiaMART InterMESH Ups Stake in Subsidiary Livekeeping Technologies	15/05	MT
IndiaMART InterMESH Limited acquired additional 14.88% in Finlite Technologies Private Limited for approximately INR 130 million.	14/05	CI
Nomura Adjusts IndiaMART’s Price Target to INR2,520 From INR2,530, Keeps at Neutral	02/05	MT
IndiaMART InterMESH Limited Announces Resignation of Vivek Agrawal as Senior Vice President, Effective May 03, 2024	01/05	CI
LndiaMART lnterMESH's Consolidated Net Profit Jumps in Fiscal Q4	01/05	MT
Transcript : IndiaMART InterMESH Limited, Q4 2024 Earnings Call, Apr 30, 2024	30/04
IndiaMART InterMESH Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024	30/04	CI
IndiaMART InterMESH Limited Recommends Final Dividend for the Financial Year 2023-24	30/04	CI
Indiamart Intermesh's CFO Redesignated as Chief Strategy Officer	08/04	MT
IndiaMART InterMESH Limited Announces Chief Financial Officer Changes	05/04	CI
IndiaMART InterMESH Limited Approves Executive Changes	05/04	CI
Instant Procurement Services Private Limited announced that it has received INR 249.939491 million in funding from Sixth Sense Ventures Advisors LLP, IndiaMART InterMESH Limited, The Fundamentum Partnership, Edelweiss Multi Strategy Funds Management Pvt. Ltd., Paramark Ventures	21/03	CI
Nomura Upgrades IndiaMART to Neutral From Reduce, Adjusts Price Target to INR2,530 From INR2,250	19/01	MT
IndiaMART InterMESH's Consolidated Profit Slides in Fiscal Q3	18/01	MT
Transcript : IndiaMART InterMESH Limited, Q3 2024 Earnings Call, Jan 18, 2024	18/01
IndiaMART InterMESH Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	18/01	CI
IndiaMART is working with Novo Nordisk to halt illegal Wegovy sales -source	18/12	RE
IndiaMART to Invest INR80 Million More in Mobisy Technologies	07/12	MT
Nomura Adjusts IndiaMART's Price Target to INR2,250 From INR2,310, Keeps at Reduce	30/23/30	MT
Transcript : IndiaMART InterMESH Limited, Q2 2024 Earnings Call, Oct 27, 2023	27/23/27
IndiaMART InterMESH Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	27/23/27	CI
Legistify Services Private Limited announced that it has received INR 332 million in funding from IndiaMART InterMESH Limited, Cathexis Capital LLC, Titan Capital, ENRISSION Inc., GSF India, Justin Hamilton Ltd	25/23/25	CI
Tranche Update on IndiaMART InterMESH Limited's Equity Buyback Plan announced on July 20, 2023.	15/23/15	CI

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Company Profile

IndiaMART InterMESH Limited is an India-based online business-to-business (B2B) marketplace, which connects buyers with suppliers. The channel is focused on providing a platform for small and medium enterprises (SMEs), large enterprises, as well as individuals. The Company operates through two segments: Web and related Services and Accounting Software Services. Web and related services segment provide business-to-business e-marketplace services, which acts as an interactive hub for domestic and international buyers and suppliers. The Accounting software services segment provides the business of development, system analysis, designing and marketing of integrated business accounting software to help and manage businesses with increased efficiency. The Company's solutions include IM Leader, IM Star, TrustSEAL, Maximiser, IndiaMART Paid Service (MDC), IndiaMART Verified Exporter, enterprise solutions and advertising solutions.

Sector

Internet Services

Calendar

18/07/2024 - Q1 2025 Earnings Release (Projected)

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Ratings for IndiaMART InterMESH Limited

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2,655 INR

Average target price

2,930 INR

Spread / Average Target

+10.37%

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Quarterly earnings - Rate of surprise

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Sector E-commerce & Auction Services

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E-commerce & Auction Services