The price band of IPO fixed at Rs 983 to Rs 985
Initial public offering (IPO) of Matrimony.com is comprised of a fresh issue of shares aggregating up to Rs 130 crore and an offer for sale of up to 37.67 lakh equity shares by the selling shareholders.
The price band of the IPO has been fixed at Rs 983 to Rs 985 per equity share of face value of Rs 5 each. The IPO opens on 11 September 2017 and will close on 13 September 2017.
The proceeds of the IPO will be utilized for advertising & business promotion activities, purchase & development of office premises in Chennai, repayment of overdraft facilities, procurement of hardware & software requirements and general corporate purposes.
The business of Matrimony.com currently comprises of two segments - matchmaking services & marriage services and related sale of products.
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