Bookbuilding IPO | ₹497 Cr | Listed at BSE, NSE | Mon, Sep 11, 2017 - Wed, Sep 13, 2017
Matrimony.com IPO is a book build issue of ₹496.88 crores. The issue is a combination of fresh issue of 0.13 crore shares aggregating to ₹130.00 crores and offer for sale of 0.38 crore shares aggregating to ₹366.88 crores.
Matrimony.com IPO bidding started from Sep 11, 2017 and ended on Sep 13, 2017. The allotment for Matrimony.com IPO was finalized on Sep 19, 2017. The shares got listed on BSE, NSE on Sep 21, 2017.
Matrimony.com IPO price band is set at ₹985 per share. The lot size for an application is 15. The minimum amount of investment required by an retail is ₹14,775 (15 shares) (based on upper price). The lot size investment for sNII is 14 lots (210 shares), amounting to ₹2,06,850, and for bNII, it is 68 lots (1,020 shares), amounting to ₹10,04,700.
The issue includes a reservation of up to 5,636 shares for employees offered at a discount of ₹98.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Matrimony.com IPO RHP for detailed Information.
IPO Open
Mon, Sep 11, 2017
IPO Close
Wed, Sep 13, 2017
Issue Price
₹985 per share
Market Cap (Pre-IPO)
₹2,225.54 Cr
| IPO Date | 11 to 13 Sep, 2017 |
| Listed on | Thu, Sep 21, 2017 |
| Face Value | ₹5 per share |
| Price Band | ₹983 to ₹985 |
| Issue Price | ₹985 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 98.00 per share |
| Employee Discount | ₹98.00 |
| Total Issue Size | 51,02,151 shares (agg. up to ₹497 Cr) |
| Fresh Issue | 13,34,897 shares (agg. up to ₹130 Cr) |
| Offer for Sale | 37,67,254 shares of ₹5 (agg. up to ₹367 Cr) |
| Share Holding Pre Issue | 2,12,59,801 shares |
| Share Holding Post Issue | 2,25,94,355 shares |
| BSE Script Code / NSE Symbol | 540704 / MATRIMONY |
| ISIN | INE866R01028 |
Matrimony.com IPO comprises a total issue size of 51,01,808 shares. The net offer to the public is 50,96,172 shares, after excluding 5,636 shares under a preferential allotment. Of the Net offer 38,22,130 (75.00%) are allocated to QIB, 7,64,425 (15.00%) allocated to NII 5,09,617 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 38,22,130 | 75.00% | 74.92% | NA |
| − Anchor Investor Shares Offered | 22,93,277 | 44.95% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 15,28,853 | 29.97% | NA | |
| NII (HNI) Shares Offered | 7,64,425 | 15.00% | 14.98% | NA |
| Retail Shares Offered | 5,09,617 | 10.00% | 9.99% | 33,974 |
| Preferential Reservations | ||||
| Employee Shares Offered | 5,636 | 0.11% | NA | |
| Total Shares Offered | 51,01,808 | 100.00% | 100.00% | |
Investors can bid for a minimum of 15 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹14,775 |
| Retail (Max) | 13 | 195 | ₹1,92,075 |
| S-HNI (Min) | 14 | 210 | ₹2,06,850 |
| S-HNI (Max) | 67 | 1,005 | ₹9,89,925 |
| B-HNI (Min) | 68 | 1,020 | ₹10,04,700 |
Matrimony.com IPO raises ₹225.89 crore from anchor investors. Matrimony.com IPO Anchor bid date is September 8, 2017.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Sep 8, 2017 |
| Shares Offered | 22,93,277 |
| Anchor Portion (₹ Cr.) | 225.89 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Oct 19, 2017 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Dec 18, 2017 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2001, Matrimony.com is engaged in providing online matchmaking and marriage services. They offers their services through Internet and mobile platforms in India and internationally.
They are one of the first companies to provide online matchmaking services in India, having database comprising 3.08 million active profiles (being profiles that have been published or logged in at least once during the prior 180 day period). They offer a range of targeted and customized products and services that are tailored to meet the specific requirements of customers based on their religious or caste preferences or other criteria such as marital status and age bracket.
As of June 30, 2017, they had 140 retail centers distributed across India where customers can walk in and register on their websites. its flagship brand, BharatMatrimony, has 15 language based domains under its umbrella. They also have other portals like EliteMatrimony, CommunityMatrimony, MatrimonyDirectory, MatrimonyPhotography, MatrimonyBazaar, MatrimonyDirectory and MatrimonyMandaps.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Advertising and business promotion activities | 20.00 |
| 2 | Purchase of land for construction of office premises in Chennai | 42.58 |
| 3 | Repayment of the overdraft facilities | 43.34 |
| 4 | General corporate purposes | 15.64 |
The Matrimony IPO is subscribed 4.44 times on September 13, 2017 5:00:00 PM (Day 3). The public issue subscribed 18.16 times in the retail category, 1.88 times in the QIB category, and 0.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.88 | 15,30,905 | 28,80,780 |
| NII | 0.41 | 7,64,836 | 3,13,320 |
| Retail | 18.16 | 5,09,890 | 92,58,390 |
| Employee | 3.2 | 5,649 | 18,105 |
| Total | 4.44 | 28,11,280 | 1,24,70,595 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs | 10.65 |
| 2 | Brokerage and selling commission for SCSBs(1) , Registered Brokers, RTAs and CDPs | 0.45 |
| 3 | Registrar to the Offer | 0.88 |
| 4 | Other advisors to the Offer | 11.88 |
| 5 | Others: (i) Listing fees; (ii) Printing and stationery expenses; (iii) Advertising and marketing; and (iv) Miscellaneous. | 8.25 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹985.00 | ₹985.00 |
| Open | ₹985.00 | ₹985.00 |
| Low | ₹893.20 | ₹896.25 |
| High | ₹1,025.00 | ₹1,024.00 |
| Last Trade | ₹901.20 | ₹904.65 |
Lead Manager Reports
Matrimony.com IPO is a main-board IPO of 51,02,151 equity shares of the face value of ₹5 aggregating up to ₹497 Crores. The issue is priced at ₹985 per share. The minimum order quantity is 15.
The IPO opens on Mon, Sep 11, 2017, and closes on Wed, Sep 13, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Matrimony.com IPO using UPI as a payment gateway. Zerodha customers can apply in Matrimony.com IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Matrimony.com IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Matrimony.com IPO opens on Mon, Sep 11, 2017 and closes on Wed, Sep 13, 2017.
Matrimony.com IPO lot size is 15, and the minimum amount required for application is ₹14,775.
You can apply in Matrimony.com IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Matrimony.com IPO will be done on Tuesday, September 19, 2017, and the allotted shares will be credited to your demat account by Wed, Sep 20, 2017. Check the Matrimony.com IPO allotment status.
The Matrimony.com IPO listing date is on Thu, Sep 21, 2017.
