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Matrimony.com files IPO papers with SEBI

20 Aug 2015 Evaluate

Matrimony.com, which runs online match making business under 'BharatMatrimony' brand, has filed draft papers with markets regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 600-700 crore through an initial public offer (IPO).

The IPO comprises fresh issue of equity shares worth Rs 350 crore and an offer for sale of up to 16.60 lakh scrips by existing shareholders. The existing investors include Bessemer India Capital Holdings, Draper Investment Company LLC, Hartenbaum Revocable Trust and Indrani Janakiraman.

The company will use the issue proceeds for business promotion, purchase and development of office premises in Chennai, repayment of overdraft facilities and procurement of hardware and software requirements for a centrally controlled contact centre and general corporate purposes.

Kotak Mahindra Capital Company, Citigroup Global Markets India and Deutsche Equities India are the book running lead managers to the issue.

 

Matrimony.Com Share Price

445.90 14.65 (3.40%)
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