Matrimony.com IPO sees 65% subscription on Day One
The company raised Rs 226 crore by allotting 2.29 million shares to eight anchor investors
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Matrimony.com’s Rs 500-crore initial public offering (IPO) got off to a good start, with the issue garnering 65 per cent subscription on Monday, the first day of the issue. The 2.81-million share offering had received bids for 1.83 million, provisional data showed. The online matchmaking company had on Friday raised Rs 226 crore by allotting 2.29 million shares to eight anchor investors, which included HDFC Mutual Fund, Baring Private Equity and Goldman Sachs. The allotment was done at Rs 985 apiece, at the top end of the price band. Matrimony.com’s IPO closes on Wednesday.