Matrimony.com has muted listing
By Ruma Dubey
about 6 years ago
Matrimony.com is the new listing on the bourses today; it got listed on the BSE at Rs.985, the same as the issue price.
The stock also rose to an intra day high at Rs.1025 but is now ruling below the issue price of Rs.919.
In our New Issue Analysis, we had stated, “ despite being in the business for nearly 2 decades, financial has not been achieved, which is a huge risk for any prospective investor. Fundamentally speaking, fluctuating margins, negative networth, unconvincing issue objects and expensive valuations make this IPO risky and hence an avoid.”
21st Sep 2017 at 02:53 pm
21st Sep 2017 at 01:40 pm