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Latest News:, Quick Heal get SEBI nod for IPOs


NEW DELHI:, which operates under BharatMatrimony brand, and Quick Heal Technologies have received SEBI approval to launch their initial public offers and may raise around Rs. 1,000 crore. had filed its Draft Red Herring Prospectus (DRHP) with SEBI in August, while Quick Heal had submitted its draft document in September.

The Securities and Exchange Board of India had cleared the proposed initial share sale and gave final observations on the IPOs on December 18.

As per the draft paper,’s IPO comprises fresh issue of equity shares worth Rs. 350 crore and an offer for sale of up to 16.60 lakh scrips by existing shareholders.

The existing investors include Bessemer India Capital Holdings, Draper Investment Company LLC, Hartenbaum Revocable Trust and Indrani Janakiraman.

According to sources, the company is expected to garner Rs. 600-700 crore through the public offer.

This would be the second major IPO by an Internet company after Just Dial. The local search engine firm had raked in Rs. 950 crore through its public offer in 2013.

The funds would be used for business promotion, purchase and development of office premises in Chennai, repayment of overdraft facilities and procurement of hardware and software requirements for a centrally controlled contact centre and general corporate purposes.

Matrimony competes with, Times Group’s and Info Edge-owned

Quick Heal’s IPO comprises a fresh issue of shares worth up to Rs. 250 crore.

Besides, an offer for sale of more than 68.14 lakh shares would be made by Kailash Sahebrao Katkar, Sanjay Sahebrao Katkar and Sequoia Capital.

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