IndiaMART planning ₹600 crore IPO, may file draft next month

Noida-based online marketplace IndiaMART is reportedly planning to go public with an initial public offering of around ₹500-600 crore, and could file its draft prospectus as early as next month. According to its website, the company caters to more than 5.8 crore buyers and has over 46 lakh suppliers. IndiaMART was founded in 1996 by Dinesh Agarwal and Brijesh Agarwal.