Matrimony.com to launch an IPO soon, files DRHP

India Infoline News Service | Mumbai | May 08, 2017 19:08 IST

India’s leading matchmaking and marriage services provider Matrimony.com will soon launch its Initial Public Offering (IPO), as the company announced on May 8, 2017, that it filed a Draft Red Herring Prospectus (DRHP) with the market regulator SEBI.

Initial Public Offering, IPO
India’s leading matchmaking and marriage services provider Matrimony.com will soon launch its Initial Public Offering (IPO), as the company announced on May 8, 2017, that it filed a Draft Red Herring Prospectus (DRHP) with the market regulator SEBI.
 
The initial public offering by the company will consist of a fresh issue summing up to Rs. 1,300 million and an offer for sale of up to 3,767,254 equity shares.
 
The equity shares of the company will have a face value of Rs. 5 each with the issue structured on book-building basis. However, the price band of the offering is yet to be decided by the company.
 
The fund raised by IPO will be utilised for advertising and business promotion activities, land purchase for office premise’s construction in Chennai, repayment of overdraft facilities and general corporate purposes.

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