Mat­ri­ IPO over­sub­scribed 4.41 times on last day

Financial Chronicle - - COMPANIES & MARKETS -

THE ini­tial pub­lic of­fer (IPO) of Mat­ri­mony. Com, which runs on­line match-mak­ing por­tals, has been over­sub­scribed 4.41 times on the last day of the is­sue on Wed­nes­day. The IPO re­ceived bids for 1,24,09,980 shares against the to­tal is­sue size of 28,11,280 shares, data avail­able with the NSE till 1915 hrs showed.

The cat­e­gory re­served for qual­i­fied in­sti­tu­tional buy­ers (QIBs) was over­sub­scribed 1.88 times, non in­sti­tu­tional in­vestors 41 per cent and retail in­di­vid­ual in­vestors 17.99 times.

The com­pany had on Fri­day raised nearly Rs 226 crore from an­chor in­vestors. The price band is Rs 983-985 per share for the IPO.

It com­prises fresh is­sue ag­gre­gat­ing up to Rs 130 crore and an of­fer for sale of up to 37.67 lakh eq­uity shares.

Mat­ri­mony.Com, which runs on­line match-mak­ing busi­ness un­der BharatMat­ri­mony brand is ex­pected to raise over Rs 500 crore.

Net pro­ceeds from the is­sue will be utilised to­wards advertising and busi­ness pro­mo­tion ac­tiv­i­ties, pur­chase of land for con­struc­tion of of­fice premises in Chen­nai, re­pay­ment of over­draft fa­cil­i­ties and gen­eral cor­po­rate pur­poses.

Axis Cap­i­tal and ICICI Se­cu­ri­ties are the book run­ning lead man­agers to the of­fer. The reg­is­trar to the of­fer is Karvy Com­put­er­share Pri­vate Ltd.

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