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Forthcoming IPO_Matrimony.com Limited

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Matrimony.com Limited IPO (Matrimony IPO) Detail

Issue Detail:
Issue Open Date Sept 11th , 2017 Price Band : Rs 983 – Rs 985  
Issue Open Date Sept 13th , 2017 Minimum Bid Qty : 15  

Discount to Retail Investors

A discount of Rs 98 is offered to investors in retail category

Objective :

The Offer consists of a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.

Offer for Sale

Company will not receive any proceeds from the Offer for Sale.

Objects of the Fresh Issue

  1. Advertising and business promotion activities;
    2. Purchase of land for construction of office premises in Chennai;
    3. Repayment of overdraft facilities; and
    4. General corporate purposes.

 

Business Description : 

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 centre’s distributed across India where customers can walk in and register on their websites. its flagship brand, Bharat Matrimony, has 15 language based domains under its umbrella. They also have other portals like Elite Matrimony, Community Matrimony, Matrimony Directory, Matrimony Photography, Matrimony Bazaar, Matrimony Directory and Matrimony Mandaps.

Company Promoters:

Murugavel Janakiraman is the Promoter of the Company.

Company Financials:

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

 

Company Contact Information :

Matrimony.com Limited
 TVH Beliciaa Towers,
 Tower II, 10th Floor, No. 94,
 MRC Nagar, Mandaveli, Chennai - 600028
 Phone: +91 44 2463 1500
 Fax: +91 44 2463 1777
 Email: compliance @matrimony.com
 Website: http://www.matrimony.com

IPO Registrar :

Karvy Computershare Private Limited 
    Karvy House, 46, Avenue 4, Street No. 1,
    Banjara Hills, Hyderabad - 500 034
    Andhra Pradesh, India
 
 Phone: +91-40-23312454
 Fax: +91-40-23311968
 Email: einward.ris@karvy.com
 Website: http://karisma.karvy.com

IPO Lead Manager(s) :

  1. Axis Capital Limited
  2. ICICI Securities Limited