Matrimony.com initial public offering oversubscribed

New Delhi: The initial public offer (IPO) of Matrimony.com, which runs online match-making portals, was oversubscribed 1.10 times so far on the second day of bidding on Tuesday. The IPO, with an aim to raise over Rs 500 crore, received bids for 30,98,820 shares against the total issue size of 28,11,280 shares, data available with the NSE till 1500 hrs showed. Till Monday, the IPO was subscribed 67 per cent. The company had on Friday raised nearly Rs 226 crore from anchor investors. The price band is Rs 983-985 per share for the IPO which will close on Wednesday.