Tender Offer | ₹75.00 Crores | Listed at BSE | Tue, Jul 26, 2022 - Mon, Aug 8, 2022
Matrimony.com Ltd. Buyback is a tender offer for the repurchase of up to 0.07 crore equity shares at a buyback price of ₹1150 per share with a face value of ₹5 per share, aggregating to ₹75.00 crores.
The record date for determining eligible shareholders is Jul 4, 2022. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Jul 26, 2022 and closes on Aug 8, 2022, with the last date for receipt of tender forms being Aug 8, 2022.
The finalisation of buyback acceptance is expected on Aug 19, 2022, followed by settlement of bids on Aug 22, 2022.
Motilal Oswal Investment Advisors Ltd. is the Manager to the Buyback and Kfin Technologies Ltd. is the Registrar and Motilal Oswal Financial Services Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Matrimony.com Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Tue, Jul 26, 2022
Offer Closing Date
Mon, Aug 8, 2022
Buyback Price
₹1150 per share
Record Date
July 4, 2022
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 6 Equity Share out of every 43 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 41 Equity Shares out of every 793 Fully paid-up Equity Shares held on the Record Date. |
| Particulars | For the year/period ended (Rs. in Million) | ||
|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Income | 4,524.36 | 3,953.34 | 3,896.95 |
| Profit After Tax | 535.91 | 407.74 | 295.35 |
| Net Worth | 3,103.53 | 2,632.97 | 2,282.41 |
Matrimony.com Limited provides matchmaking and marriage related services. The company is engaged in offering matchmaking and marriage related services through websites, mobile sites, mobile apps and 120+ retail outlets. Matrimony.com is a flagship brand of BharatMatrimony, with over 3000+ associates serving millions of active members. The company offers marriage services through WeddingBazaar, Mandap.com and Shaadi Saga.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| May-2022 | 797.00 | 652.80 | 745.20 |
| Apr-2022 | 799.00 | 663.00 | 728.27 |
| Mar-2022 | 748.95 | 660.35 | 698.07 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| May-2022 | 792.25 | 645.35 | 745.41 |
| Apr-2022 | 799.90 | 663.00 | 727.37 |
| Mar-2022 | 738.00 | 661.00 | 697.63 |
The Buyback is being undertaken for the following reasons:
1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby enhancing the overall return to shareholders.
2. The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base of the Company, thereby leading to long term increase in shareholders' value.
Matrimony.com Ltd.
No:94, TVH Beliciaa Towers,
Tower 2, 5th Floor, MRC Nagar,
Raja Annamalaipuram, Chennai - 600 028,
Chennai, Tamil Nadu, 600028
Lead Manager(s)
Registered Broker
The Matrimony.com Buyback opens on July 26, 2022, and closes on August 8, 2022.
The Matrimony.com Buyback last day to buy is not available as of now.
The Matrimony.com Buyback is a Tender Offer.
Matrimony.com Buyback Schedule
| Buyback Opening Date | July 26, 2022 |
| Buyback Closing Date | August 8, 2022 |
| Last Date for receipt of Tender Forms | August 8, 2022 |
| Finalisation of Buyback Acceptance | August 19, 2022 |
| Last Date for settlment of bids | August 22, 2022 |
| Last Date for Extinguishment of Shares | August 26, 2022 |
The Matrimony.com Buyback is being offered at Rs ₹1150 per share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 6 Equity Share out of every 43 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 41 Equity Shares out of every 793 Fully paid-up Equity Shares held on the Record Date. |
The issue size of Matrimony.com Buyback is 6,52,173 equity shares at ₹1150 per share aggregating up to ₹75.00 Crores.
The Buyback is being undertaken for the following reasons:
1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby enhancing the overall return to shareholders.
2. The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base of the Company, thereby leading to long term increase in shareholders' value.
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Matrimony.com Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
