The Matrimony IPO date has been confirmed to have started on September 11, 2017 and ended on September 13, 2017.
Using an IPO, Matrimony is seeking to raise Rs 496.88 crore. Its price band is set at ₹983 to ₹985 per share. The minimum lot size for an application is 15 shares. The minimum amount of investment required by retail investors is ₹14,775.
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Bidding Dates
September 11-13
Price Range
₹983 to ₹985 per share
Face Value
₹10 per share
GMP
₹541.85
Matrimony IPO GMP
The Matrimony Limited IPO GMP is ₹541.85.
IPO Overview
The Matrimony IPO is a Rs 496.88 crore book-built issue. The offering consists of a fresh issue of Rs 130.00 crore and an offer to sell 0.38 crore shares. Bidding for the Matrimony IPO began on September 11, 2017 and finished on September 13, 2017. The Matrimony IPO allotment was completed on Tuesday, September 19, 2017. On September 21, 2017, the shares were listed on the BSE and NSE. The pricing range for the Matrimony IPO is $983 to $985 per share. An application requires a minimum lot size of 15 shares. Retail investors must make a minimum investment of $14,775.
They have 140 retail centres spread across India as of June 30, 2017, where clients could walk in and register on their websites. Its flagship brand, BharatMatrimony, operates 15 language-based domains. They also have EliteMatrimony, CommunityMatrimony, MatrimonyDirectory, MatrimonyPhotography, MatrimonyBazaar, MatrimonyDirectory, and MatrimonyMandaps portals.
Matrimony IPO Details
| IPO Date | September 11, 2017 to September 13, 2017 |
| Listing Date | September 21, 2017 |
| Face Value | ₹5 per share |
| Price Band | ₹983 to ₹985 per share |
| Lot Size | 15 Shares |
| Total Issue Size | 5,102,151 shares (aggregating up to ₹496.88 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹130.00 Cr) |
| Offer for Sale | 3,767,254 shares of ₹5 (aggregating up to ₹[.] Cr) |
| Retail Discount | Rs 98 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Matrimony Company Financials
| Particulars | For the year or period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 1,193.62 | 1,238.46 | 1031.90 | 830.76 | 902.97 | |
| Total Revenue | 2,929.30 | 2,554.29 | 2,428.41 | 2,073.14 | 1,887.83 | |
| Profit After Tax | 437.83 | (750.55) | (29.04) | (91.35) | 104.35 | |
Matrimony IPO Timeline
| IPO Open Date | Monday, September 11, 2017 |
| IPO Close Date | Wednesday, September 13, 2017 |
| Basis of Allotment | Tuesday, September 19, 2017 |
| Initiation of Refunds | Wednesday, September 20, 2017 |
| Credit of Shares to Demat | Wednesday, September 20, 2017 |
| Listing Date | Thursday, September 21, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 13, 2017 |
Company Profile
Matrimony.com, founded in 2001, provides online matchmaking and marriage services. They provide their services in India and around the world via the Internet and mobile platforms.
They are one of the first organisations in India to provide online matchmaking services, with a database of 3.08 million active profiles (profiles that have been published or logged in at least once in the previous 180 days). They provide a variety of targeted and customised products and services that are tailored to consumers’ individual needs based on religion or caste
preferences or other criteria such as marital status and age bracket.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | einward.ris@karvy.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Matrimony.com Limited |
| Phone number | +91 44 2463 1500 |
| Email ID | compliance @matrimony.com |
| Website | matrimony.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
