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Moneycontrol News Shares of  Matrimony.com , the online matchmaking services provider, listed atits issue price of Rs 985, the higher end of price band. But the stock soon soared over 3 percent post listing. According to sources, the grey market premium was said to be around Rs 50 for the stock. The company raised Rs 500 crore through the issue that comprised of fresh issue of up to Rs 130 crore and an offer for sale of up to 37.67 lakh equity shares. The public issue, which opened for subscription during September 11-13, was oversubscribed 4.44 times. The category reserved for qualified institutional buyers (QIBs) was oversubscribed 1.88 times, non institutional investors 41 percent and retail individual investors 18.16 times. Matrimony.com, which runs online match-making business under BharatMatrimony brand, will use issue proceeds for advertising and business promotion activities; purchase of land for construction of office premises in Chennai; repayment of o...

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