IndiaMart Intermesh - What makes it unique?

Platform Play, Network Effects, Board Credibility & a relentless focus on Costs

IndiaMart Intermesh (IM) has had a stellar run on the Indian bourses. IM had an issue price of 971 when it was put on offer for an IPO, listed for 1,180 ending up at 5,253 as on 25th September 2020. While the stock has gone up close to 5x in less than a year and a half, let’s take a step back to dissect what is at play here.

IM is in the business of pro…