Aatmnirbhar Digital India Foundation (ADIF) said bidding of company-specific keywords such as "matrimony" or "Map My India" has resulted in competitors capitalising on the brand value of companies
JP Morgan Asset Management, which holds shares in Matrimony.com through CMDB, is offloading its stake in the company via open markets through bulk deal
At 09:15 am, around 500,155 equity shares, representing 2.2 per cent stake of the company, changed hands via bulk deal on the BSE, exchange data show
Foreign portfolio investors (FPIs) increased stake in Matrimony.com to 14.74 per cent in the June quarter from 12.51 per cent in the previous quarter.
Total income for the July-September 2017 period grew to Rs 83.673 crore
The stock dipped 6% to Rs 843, extending its previous day's 8% decline against its IPO price of Rs 985 per share on the NSE.
Bessemer to exit from the firm completely; exit amount fixed at Rs 144 cr
Matrimony.Com runs online match-making business under BharatMatrimony brand
Price band is Rs 983-985 per share for the share sale, which would be open from September 11-13
The company is planning to raise Rs 130 cr through primary offering
Online marriage services provider Matrimony.com Pvt. Ltd has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO), for the second time after scrapping the idea due to adverse market conditions.While the previous plans were to raise around Rs 350 crore as a primary offering, in the new DRHP, the company said that it is planning to raise Rs 130 crore through fresh issue of shares and an offer for sale of up to 3,767254 equity shares, with the size of the IPO expected to be around Rs 500 crore.The offer for sale shares include 14.6 lakh shares by Bessemer India Capital Holdings, 1.55 lakh equity shares by Mayfield and 16.83 lakh equity shares by CMDB II, apart from 3.84 lakh shares of Murugavel Janakiraman, the promoter of the company and 82,834 shares by Indrani Jankiraman, a member of the promoter group. The refiling of the DRHP comes almost five months after the company decided to abandon its IPO ...
The plan is to raise around Rs 350 crore as a primary offering into the company and another 1.63 million shares of secondary sales by investors, said sources
The company will raise Rs 350 crore as primary offering