Matrimony.com Limited IPO receives subscription of 4.44 times

The Initial Public offer (IPO) of Matrimony.com Limited has received subscription of 4.44 times. The issue received demand for 12470595 equity shares against the offer of 2811280 equity shares. The company came with an IPO including fresh issue of upto Rs 1,300 Million and offer for sale Upto 37,67,254 Equity Shares (including anchor portion of 2,293,277 Equity Shares).

The IPO opened for subscription on 11-Sep-2017 and closed on 13-Sep-2017. The IPO got muted response from Qualified Institutional Buyers (QIBs) and Non Institutional Investors.

The Qualified Institutional Buyers (QIBs) portion of the issue received subscription of 1.88 times with demand for 2880780 equity shares against the offer of 1530905 equity shares.

The Non Institutional Investors portion received demand for just 313320 equity shares against the offer of 764836 equity shares resulting in a subscription of 0.41 times.

The Retail Individual Investors(RIIs) portion of the issue got excellent response with subscription of 18.16 times. The RIIs portion received demand for 9258390 equity shares against the offer of 509890 equity shares. The reason for this is the discount of Rs 98 per share to Retail and Eligible Employee Category.

The Employees portion of the issue received demand for 18105 equity shares against the offer of 5649 equity shares resulting in a subscription of 3.20 times.

Source : Equity Bulls

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