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Matrimony.com IPO oversubscribed 4.22 times

The company had on Friday raised nearly Rs 226 crore from anchor investors

Press Trust of India  |  New Delhi 

Matrimony.com IPO oversubscribed 4.22 times

The initial public offer (IPO) of Com, which runs online match-making portals, has been oversubscribed 4.22 times so far on the last day of the bidding on Wednesday.

The received bids for 1,18,54,905 against the total issue size of 28,11,280 shares, data available with the till 1730 hrs showed.


The company had on Friday raised nearly Rs 226 crore from anchor investors.

The price band is Rs 983-985 per share for the

It comprises fresh issue aggregating up to Rs 130 crore and an offer for sale of up to 37.67 lakh equity

Com, which runs online match-making business under BharatMatrimony brand is expected to raise over Rs 500 crore.

Net proceeds from the issue will be utilised 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 Securities are the book running lead managers to the offer. The registrar to the offer is Karvy Computershare Private Ltd.

First Published: Wed, September 13 2017. 20:01 IST
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