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Ahead of IPO launch, Matrimony.com raises Rs 225 crore from anchor investors

Matrimony.com, which is going to launch is initial public offering on September 11, has raised Rs 225.9 crore by allotting 22.93 lakh shares to anchor investors.

The company, which runs online match making business under the BharatMatrimony brand, has fixed a price band of Rs 983-985 to raise over Rs 500 crore.

The anchor investors, which include Smallcap World Fund, HDFC Trustee Company, Baring Private Equity Asia, BNP Paribas Arbitrage, Goldman Sachs India and DB International (Asia), were allotted the shares at the upper end of the IPO price band of Rs 983-Rs 985/share.

The IPO includes fresh issue of up to Rs 130 crore and an offer for sale of up to 37.67 lakh shares by existing shareholders. The minimum bid lot is 15 equity shares and in multiples of 15 equity shares thereafter.

The company intends to use proceeds from the issue for advertising and business promotion activities, purchase of land for construction of office premises in Chennai, repayment of overdraft facilities and for general corporate purposes.

Axis Capital and ICICI Securities are the book running lead managers to the issue.

The shares of Matrimony.com are proposed to be listed on the BSE and the National Stock Exchange of India.

Matrimony.com will be among a few internet companies which have launched IPO. JustDial, InfoEdge and MakeMyTrip (NASDAQ) and Infibeam Corporation are the only internet companies from India which have hit IPO.

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