 "Matrimony.com extends fall after weak listing; down 14% against IPO price")
Matrimony.com has dipped 6% to Rs 843, extending its previous day’s 8% decline against its initial public offer (IPO) price of Rs 985 per share on the National Stock Exchange (NSE).
The company, the first pure-play Indian matchmaking website, on Thursday had made a quite debut by listing at par against its issue price on NSE and BSE.
On September 21, on first day of its listing, BNP Paribas Arbitrage had sold 134,102 shares of the company through open market on NSE, the bulk deal data shows. The names of the buyers were not ascertained immediately.
Matrimony.com, backed by US venture capital firm Bessemer Venture Partners, runs bharatmatrimony.com, elitematrimony.com and a host of other marriage services portals.
At 11:04 AM; the stock trading 6% lower at Rs 847 on NSE. A combined 366,537 shares have changed hands on the counter on NSE and BSE so far.
The company, the first pure-play Indian matchmaking website, on Thursday had made a quite debut by listing at par against its issue price on NSE and BSE.
On September 21, on first day of its listing, BNP Paribas Arbitrage had sold 134,102 shares of the company through open market on NSE, the bulk deal data shows. The names of the buyers were not ascertained immediately.
Matrimony.com, backed by US venture capital firm Bessemer Venture Partners, runs bharatmatrimony.com, elitematrimony.com and a host of other marriage services portals.
At 11:04 AM; the stock trading 6% lower at Rs 847 on NSE. A combined 366,537 shares have changed hands on the counter on NSE and BSE so far.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%