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July 26, 2022 - August 8, 2022

Matrimony.com Limited Buyback (Matrimony.com Buyback) Detail

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.

Matrimony.com Buyback Detail

Issue PeriodJuly 26, 2022 - August 8, 2022
Security NameMatrimony.com Limited
Issue TypeTender Offer
Issue Size (Shares)652,173
Issue Size (Amount)₹75.00 Crores
Buyback Price₹1150 per share
Face Value₹5 per share
Listing AtBSE

Matrimony.com Buyback Issue Timetable

Record DateJuly 4, 2022
Offer Opens OnJuly 26, 2022
Last Date for receipt of Tender FormsAugust 8, 2022
Offer Closes On *August 8, 2022
Finalisation of Buyback AcceptanceAugust 19, 2022
Last Date for settlment of bidsAugust 22, 2022
Last Date for Extinguishment of SharesAugust 26, 2022

Buyback Ratio

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.

Company Financials

Summary of financial Information (Consolidated)
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

Stock price at BSE (in preceding 3 months)

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

Stock price at NSE (in preceding 3 months)

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

Necessity of the Issue

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 Buyback Documents

Matrimony.com Buyback Rating

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Rating:Rated 4.6 stars
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Company Contact Information

Matrimony.com Limited
No:94, TVH Beliciaa Towers,
Tower 2, 5th Floor, MRC Nagar,
Raja Annamalaipuram, Chennai - 600 028,

Phone: 044-49001919
Email: corpcomm@matrimony.com
Website: https://www.matrimony.com/

Matrimony.com Buyback Registrar

  1. Kfin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: matrimony.buyback@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

Matrimony.com Buyback Manager

Lead Manager(s)

  1. Motilal Oswal Investment Advisors Limited

Registered Broker

  1. Motilal Oswal Financial Services Limited
    Email: ksharma@motilaloswal.com

Find Matrimony.com Buyback Latest Update

Matrimony.com Buyback FAQs

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 DateJuly 26, 2022
Buyback Closing DateAugust 8, 2022
Last Date for receipt of Tender FormsAugust 8, 2022
Finalisation of Buyback AcceptanceAugust 19, 2022
Last Date for settlment of bidsAugust 22, 2022
Last Date for Extinguishment of SharesAugust 26, 2022

The Matrimony.com Buyback is being offered at Rs ₹1150 per share per equity 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 record date for the Matrimony.com Buyback is July 4, 2022.

The issue size of Matrimony.com Buyback is of 652,173 equity shares at ₹1150 per share aggregating upto ₹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.


26 Comments

6. MRavichandran     Link|May 20, 2022 2:18:08 PM
Dear all,
I am new to the buy back...

'Zydus life' buy back announced while ago @650 against CMP of about 355... is it good buy ?
appreciate your advise.

Thanks
5. KAMMA SIVA RAMA KRISHNA   I Like It. 1|  Link|May 17, 2022 9:31:40 PM
Motilal Oswal Financial Services Buyback Particulars:
Buyback size: upto 14,54,545 shares
Buyback price : Rs. 1100/-
Buyback amount: Rs.160 Crores
Mode : Through Tender Offer
Record date : Yet to be announced
CMP: Around Rs. 851/-
Happy investing to all of you. Thank you.
5.1. KAMMA SIVA RAMA KRISHNA     Link|May 18, 2022 11:28:45 AM
Record Date is. 27/05/2022. Thank you.
4. Jetha Lal   I Like It. 1|  Link|May 18, 2022 9:52:18 AM
@Lokes: whether 1 share strategy will work in MOSFL Buyback?
3. DSR     Link|May 17, 2022 12:28:37 AM
These days..buyback is equivalent to dividend whenever the size is small.

Now will you buy any stock for dividend..the answer is no.
Especially with the current market conditions..buybacks are becoming too risky.
2. Arun     Link|May 16, 2022 11:35:22 PM
Experts r not interested in buying only 1 share, thats y there r no replies
1. Rishabh   I Like It. 1|  Link|May 16, 2022 7:27:04 PM
As per the offer letter :
General Public -
No. of shareholders : 16,646
Total Shares : 14,79,079
% of total Shares : 6.46 %

Considering , General Public to be Retail Investors and assuming Single share Strategy will work on 'No. Of shareholders' .

Retail Reservation = 0.15 × 6,52,173 = 97,825

As No. Of Shareholders' & Reserved Shares for Retail Investors has large difference , Can we consider ' 1 Share Strategy to work ' ?

Please Reply , Any Senior Member

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