September 21, 2017 / 5:07 AM / in a month

BUZZ-India's Matrimony.com falls on trading debut after $78 mln IPO

** India’s Matrimony.com Ltd falls as much as 6.6 pct to 920.25 rupees on trading debut, compared with its IPO issue price of 985 rupees

** The matchmaking website’s 5 billion rupee ($78 mln) IPO, first from the sector, was subscribed 4.4 times

** Matrimony.com’s valuation looks stretched on account of weaker financials - net losses in the past and erosion of net worth, says Centrum Wealth Research

** Cash flow from operations inconsistent, indicating weak operational efficiency, say analysts

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