Matrimony.com, the first pure-play Indian matchmaking website to launch a stock market listing, drew heavy demand for its offering, benefiting from the country's booming IPO market. Market participants say the enthusiastic investor response could encourage other players in India's $50 billion wedding services market to consider going public. India's broader NSE stock index has surged nearly 25 per cent this year and investor interest in IPOs has soared. Matrimony.com's initial public offering of up to Rs 5 billion ($78 million) was subscribed 4.4 times or 441 per ...
Matrimony.com IPO draws flurry of suitors, oversubscribed 441% on last day
IPO of up to Rs 5 bn saw applications for over 12.5 mn shares received, against 2.8 mn shares on offer