The IPO, With An Aim To Raise Over Rs 500 Crore - Dollar Advisory Financial Services

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Tuesday 12 September 2017

The IPO, With An Aim To Raise Over Rs 500 Crore

The initial public offer of Matrimony.com, which runs online match-making portals, was subscribed 67 percent on the first day of bidding on Monday.

The IPO, with an aim to raise over Rs 500 crore, received bids for 18,78,510 shares against the total issue size of 28,11,280 shares, data available with the NSE showed.

The portion set aside for qualified institutional buyers was subscribed 83 per cent and retail investors 1.19 times.

The company had on Friday raised nearly Rs 226 crore from anchor investors.

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