Matrimony.com will launch its Rs500 crore IPO on 11 September. Mumbai: Matrimony.com, which runs an online match-making business under the BharatMatrimony name, on Friday said it had raised Rs225.8 crore by allotting shares to institutional investors as part of its anchor book allotment, a day ahead of its initial public offering (IPO). The anchor book is that portion of an IPO that bankers can allot to institutional investors on a discretionary basis. Anchor book subscription opens a day before the launch of an IPO and acts as an indicator of institutional investor interest. The company will launch its Rs500 crore IPO on 11 September.

Source: Mint September 08, 2017 16:30 UTC