Owner Files Draft Papers For IPO Again

The owner of has filed papers to begin its IPO.

Matrimony Ltd filed the draft red herring prospectus with market regulator SEBI for its proposed initial public offering this week, according to reports.

This is the second time the Indian dating company has filed its IPO prospectus, having previously done so in August 2015, before deciding to postpone the offering due to “unforeseen circumstances.”

This latest public offer consists of a fresh issue aggregating up to Rs 130 crore ($20m), and an offer for sale of up to 3,767,254 equity shares.

And according to sources, the company is looking to raise Rs 350 crore ($54m) through the public offer.

Matrimony said the proceeds will be used for “advertising and business promotion activities, for purchase of land, construction of office premises in Chennai, repayment of overdraft facilities and for general corporate purposes.”

Axis Capital and ICICI Securities are said to be the book running lead managers for the offer, and Karvy Computershare is the registrar.