IndiaMART shares surge over 8% after Nalanda India Equity Fund buys ₹232 crore stake

IndiaMART InterMESH shares delivered their strongest performance in over 18 months on Friday, January 16, surging more than 8% in what marked the biggest single-day gain since July 2023. The stock has demonstrated positive momentum, gaining in three out of the last four trading sessions.

Major Block Deal Transaction

The surge was triggered by significant institutional activity in block deals on the exchanges. Nalanda India Equity Fund Ltd. emerged as a major buyer, acquiring a substantial stake in the e-commerce platform.

Transaction Details:	Value
Shares Purchased:	11 lakh shares
Average Price:	₹2,110.00 per share
Total Transaction Value:	₹232.00 crore
Buyer:	Nalanda India Equity Fund Ltd.
Seller:	Smallcap World Fund Inc.

Smallcap World Fund Inc. was the seller in this large transaction. As of the September quarter end, Smallcap World Fund held a 1.83% stake in the company.

Current Shareholding Pattern

The company's ownership structure reflects a diverse investor base across institutional and retail segments. As of the September quarter, the shareholding distribution shows significant participation from various investor categories.

Shareholder Category:	Stake (%)	Key Details
Promoters:	49.17%	Controlling stake
Mutual Funds:	11.61%	Led by major fund houses
Retail Investors:	9.70%	1.56 lakh small shareholders

Major Mutual Fund Holdings

Among institutional investors, Indian mutual funds maintain a strong presence with notable positions from leading fund houses:

SBI Smallcap Fund: 3.57%
UTI Flexicap Fund: 3.57%
ICICI Prudential Technology Fund: 2.81%

Stock Performance and Valuation

IndiaMART shares closed Friday's trading session at ₹2,275.80, representing a 7.70% gain for the day. Despite the strong performance, the stock remains below its recent peak levels.

Performance Metrics:	Value
Friday Closing Price:	₹2,275.80
Daily Gain:	7.70%
52-Week High:	₹2,799.00
Distance from High:	~20% below

The December quarter shareholding pattern disclosure is still pending, which will provide updated insights into any changes in the investor composition following recent transactions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+7.93%	+5.41%	+2.24%	-16.76%	+1.22%	-44.31%

IndiaMART InterMESH Limited witnessed significant trading activity with a major block trade executed on the National Stock Exchange (NSE). The transaction represents substantial institutional movement in the e-commerce platform's shares.

Block Trade Details

The block trade executed on NSE involved considerable volume and value, highlighting institutional interest in the company's stock.

Parameter:	Details
Total Transaction Value:	₹52.78 crores
Number of Shares:	~250,122 shares
Price per Share:	₹2,110.00
Exchange:	NSE

Market Significance

Block trades of this magnitude typically indicate significant institutional activity, whether from mutual funds, insurance companies, foreign institutional investors, or other large market participants. Such transactions often reflect strategic portfolio decisions and can signal confidence in the company's prospects or routine portfolio rebalancing activities.

The price of ₹2,110 per share for this block trade provides insight into the institutional appetite for IndiaMART InterMESH shares at current market levels. The substantial volume of over 250,000 shares demonstrates the liquidity available in the stock for large transactions.

About the Transaction

Block trades are pre-negotiated transactions that occur outside the regular market hours or through special trading windows. They allow large investors to execute significant volumes without impacting the regular market price discovery mechanism, providing an efficient way to transfer large shareholdings between institutional investors.