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The service matches couples who, along with their parents, then decide if the matchmaking makes social and economic sense. Trump, Sessions face questions over aide's Russia claim 1: This is the first IPO of an Indian online matchmaking service and could well open the doors for other rivals to list on Indian exchanges.
Indian matchmaker IPO draws a flurry of suitors 1: India has seen around 20 IPOs this year and all have been oversubscribed several times over, with a couple of them subscribed more than times over, according to data from Prime Database.
It's got more than three million active profiles, no small feat in a country where live-in relationships are taboo and dating services like Tinder market themselves as parent-approved.
The IPO, with an aim to raise over Rs crore, received bids for 18,78, shares against the total issue size of 28,11, shares, data available with the NSE showed. In socially conservative India parents are often involved in finding partners for their children and parental consent remains largely a norm.
ET on Wednesday, the last day of sale, with applications for over As Reuters' Sankap Partial reports, Matrimony knows its market. Varanasi court to hear matchmaking against Kamal Haasan today.
The initial public offer IPO of Matrimony. Matrimony stock will officially start trading later this month.
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Tensions high in Korean Peninsula ahead of Trump visit 1: In a handful of cases, applications for more than a hundred times the actual number of shares on sale. Nadal quits Paris Masters with knee injury to cast doubt on London.
The company had on Friday raised nearly Rs crore from anchor investors.
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