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Matrimony, Quick Heal get nod for IPOs
Matrimony.com, which operates under BharatMatrimony brand, and Quick Heal Technologies have received Sebis approval to launch their Initial Public Offers and may raise around Rs 1,000 crore.
New Delhi : Matrimony.com, which operates under Bharat Matrimony brand, and Quick Heal Technologies have received Sebi's approval to launch their Initial Public Offers and may raise around Rs 1,000 crore.
Matrimony.com had filed its Draft Red Herring Prospectus (DRHP) with Sebi in August, while Quick Heal had submitted its draft documents in September. Sebi cleared the proposed initial share sales and gave final observations on the IPOs on December 18.
As per the draft paper, Matrimony.com's IPO comprises fresh issue of equity shares worth Rs 350 crore and an offer for sale of up to 16.60 lakh scrips by existing shareholders.
The existing investors include Bessemer India Capital Holdings, Draper Investment Company LLC, Hartenbaum Revocable Trust and Indrani Janakiraman. According to sources, the company is expected to garner Rs 600-700 crore through the public offer.
