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Matrimony IPO Ends On A High Note; Gets Oversubscribed 441% On Final Day As Per NSE Data

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The final day of the Matrimony IPO ended on a high note, with the issue being oversubscribed 4.41 times as of 17:00 hours yesterday. According to NSE data, the public offering of the online matchmaking and marriage services provider received bids for 12,409,980 shares against a total issue size of 2,811,280 shares.

Shares reserved for retail individual investors were subscribed 17.99 times. The subscription level of qualified institutional buyers (QIBs) stood at 1.88 times. NSE data shows that the portion of the issue set aside for non-institutional investors, like corporates and high-net-worth individuals, was subscribed 41%, as per data.

Commenting on the performance of the IPO, Matrimony founder and Managing Director Murugavel Janakiraman said, “We are indeed overwhelmed by the response to the IPO, and I would like to thank the public and all our investors for reposing confidence in the positive and unique story of Matrimony.com. I also take this opportunity........

© Inc42