Matrimony.com Ltd, the company which runs matrimony site Bharat Matrimony among others, is planning to go for an Initial Public Offering(IPO) by November 2016
The plans are to raise around Rs 350 crore as primary offering into the company and offer another 1.63 million shares in secondary sales by the investors, said sources close to the development. Bessemer Venture will be exiting through the IPO.
The company has filed a Draft Red Herring Prospectus (DRHP) with the regulator to raise around Rs 500 crore through IPO.
Matrimony.com has three private equity investors - Mayfield, Bessemer Venture Partners and JP Morgan Asset Management, which recently bought out Canaan Partners' stake in the company.
Matrimony.com Ltd is managing marquee brands such as BharatMatrimony.com and Community Matrimony.com and claims to be one of the fastest growing and profitable organisations in both the digital and offline space.
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