Shares of Matrimony. Com listed on the bourses and lost ground on selling pressure. The shares were issued in a price band of Rs 983-985 and were allotted at Rs 985. The issue consisted of a fresh issue to raise Rs 130 crs and an offer for sale of 37,67,254 equity shares.
The company had allotted 22.93 lakh shares to 8 Anchor Investors comprising of 10 entities. The issue was subscribed 4.44 times with the QIB portion subscribed 1.88 times, HNI subscribed 0.41 times, Retail subscribed 18.16 times and employee portion subscribed 3.21 times.

The issue opened at the issue price of Rs 985 and made a high of Rs 1025 on the BSe and Rs 1,024 on the NSE. The low of the day was Rs 893.20 and Rs 896.25 respectively. The closing price was Rs 901.70 and Rs 904.65 respectively. The traded volume was 40.62 lac shares and the delivery volume 6.47 lac shares or 15.95% of the traded volume. The traded volume as a percentage of the IPO size was 1.04 times and the delivery percentage on the same basis at 16.61% of the IPO size. If one considers the non-anchor portion the delivery percentage was 40.34%. Because retail investors got a discount of Rs 98 on the issue price all those who were lucky to get allotment and sold have made some money.

The weighted average of the day’s trade was Rs 945.91 on the BSE and Rs 943.49 on the NSE. The net loss for investors was Rs 83.30 or 8.46% on the BSE and Rs 80.35 or 8.16% on the NSE.

The share looks under pressure and may lose further ground in the coming days.