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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 ₹985.00 per share . The lot size for an application is 15. The minimum amount of investment required by an retail is ₹14,745 (15 shares). 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 Date | September 11, 2017 to September 13, 2017 |
| Listing Date | September 21, 2017 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹983 to ₹985 per share |
| Issue Price Final | ₹985 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 51,02,151 shares (aggregating up to ₹496.88 Cr) |
| Fresh Issue | 13,34,897 shares (aggregating up to ₹130.00 Cr) |
| Offer for Sale | 37,67,254 shares of ₹5 (aggregating up to ₹366.88 Cr) |
| Retail Discount | Rs 98.00 per share |
| Employee Discount | ₹98.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,12,59,801 shares |
| Share Holding Post Issue | 2,25,94,355 shares |
Matrimony IPO offers total 51,01,808 shares. Out of which 38,22,130 (74.92%) allocated to QIB, 15,28,853 (29.97%) allocated to QIB, 7,64,425 (14.98%) allocated to NII, 5,09,617 (9.99%) allocated to RII and 22,93,277 (44.95%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 38,22,130 (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 (14.98%) | NA |
| Retail Shares Offered | 5,09,617 (9.99%) | 33,974 |
| Employee Shares Offered | 5,636 (0.11%) | NA |
| Total Shares Offered | 51,01,808 (100.00%) |
| 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 |
Matrimony.com IPO opens on September 11, 2017, and closes on September 13, 2017.
| IPO Open Date | Mon, Sep 11, 2017 |
| IPO Close Date | Wed, Sep 13, 2017 |
| Tentative Allotment | Tue, Sep 19, 2017 |
| Initiation of Refunds | Wed, Sep 20, 2017 |
| Credit of Shares to Demat | Wed, Sep 20, 2017 |
| Tentative Listing Date | Thu, Sep 21, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 13, 2017 |
Investors can bid for a minimum of 15 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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.
| Particulars | For the year/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 | |
The Company Matrimony.com IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] Negative book value as on 30.06.17 makes this issue an aggressively priced offer. However, considering recent workings, risks savvy cash surplus investors may consider moderate investment for medium to long term. Read detail review...
| Listing Date | September 21, 2017 |
| BSE Script Code | 540704 |
| NSE Symbol | MATRIMONY |
| ISIN | INE866R01028 |
| Final Issue Price | ₹985 per share |
| BSE Listing Group | B |
Matrimony.com Ltd.
TVH Beliciaa Towers,
Tower II, 10th Floor, No. 94,
MRC Nagar, Mandaveli
Chennai, Tamil Nadu, 600028
Phone: +91 44 2463 1500
Email: compliance@matrimony.com
Website: http://www.matrimony.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Matrimony.com IPO is a main-board IPO of 51,02,151 equity shares of the face value of ₹5 aggregating up to ₹496.88 Crores. The issue is priced at ₹985 per share. The minimum order quantity is 15.
The IPO opens on September 11, 2017, and closes on September 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 September 11, 2017 and closes on September 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 Wednesday, September 20, 2017. Check the Matrimony.com IPO allotment status.
The Matrimony.com IPO listing date is on Thursday, September 21, 2017.
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