Matrimony.com has muted listing

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.”