Matrimony.Com To Debut On Bourses Today

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    Matrimony.Com, which runs online match-making portals, will list its shares on the bourses today after concluding its initial public offer (IPO) last week. The Rs 500 crore IPO was oversubscribed 4.44 times during September 11-13.

    The qualified institutional buyers (QIBs) portion was oversubscribed 1.88 times, non-institutional investors 41 per cent and retail investors 18.16 times. The price band was fixed at Rs 983-985 per share for the IPO. IPO Oversubscribed

    Matrimony.Com To Debut On Bourses Today

    Matrimony.Com runs online match-making business under BharatMatrimony brand. Net proceeds from the issue will be utilized towards advertising and business promotion activities, purchase of land for construction of office premises in Chennai, repayment of overdraft facilities and general corporate purposes.

    Axis Capital and ICICI Securities were the books running lead managers to the offer. The registrar to the offer was Karvy Computershare Private Ltd.

    Read more about: matrimony com ipo bourses
    Story first published: Thursday, September 21, 2017, 10:27 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more