Business Standard

Matrimony.com IPO opens today: Should you invest?

The offer (price band: Rs 983 - 985) consists of an offer for sale (OFS) and fresh issue

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Puneet Wadhwa New Delhi
Matrimony.com Ltd (Matrimony) is one of the leading providers of online matchmaking services in India. It has two business segments – matchmaking services (96% of FY17 revenue) and marriage services (4%).
 
The company has one of the largest databases (3.08 million active profiles as of Jun’17) on its portal. It owns brands like Bharatmatrimony.com, EliteMatrimony.com, AssistedMatrimony.com and CommunityMatrimony.com.
 
The offer (price band: Rs 983 – 985) consists of an offer for sale (OFS) and fresh issue. OFS is from private equity (Rs 325 crore) and promoters (Rs 46 crore). The fresh issue of Rs 130 crore, will be

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