Matrimony Bags $35.3M From Anchor Investors Pre IPO

INC42.COM – Sep 9 – Matrimony has reportedly raised $35.3M (225.9 Cr) in the run up to its IPO. The money was raised by 22.93 lakh shares to anchor investors including Smallcap World Fund, HDFC Trustee Company, Baring Private Equity Asia, BNP Paribas Arbitrage, Goldman Sachs India and DB International (Asia). Anchor investors are typically marquee investors that are invited to subscribe to the company’s shares ahead of its IPO. This reserved subscription is aimed to boost the popularity of the issue. The IPO will be open on September 11 and will close on September 13.