Tender Offer | ₹72.00 Crores | Listed at BSE, NSE | Wed, Oct 30, 2024 - Wed, Nov 6, 2024
Matrimony.com Ltd Buyback is a tender offer for the repurchase of up to 0.07 crore equity shares, representing 3.16% of the total paid-up equity share capital at a buyback price of ₹1025 per share with a face value of ₹5 per share, aggregating to ₹72.00 crores.
The record date for determining eligible shareholders is Oct 25, 2024. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Oct 30, 2024 and closes on Nov 6, 2024, with the last date for receipt of tender forms being Nov 6, 2024.
The finalisation of buyback acceptance is expected on Nov 11, 2024, followed by settlement of bids on Nov 12, 2024.
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
Wed, Oct 30, 2024
Offer Closing Date
Wed, Nov 6, 2024
Buyback Price
₹1025 per share
Record Date
October 25, 2024
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 15 Equity Shares out of every 101 Fully paid-up Equity Shares held on the Record Date. | 105,366.00 |
| General Category for all other Eligible Shareholders | 15 Equity Shares out of every 253 Fully paid-up Equity Shares held on the Record Date. | 597,073.00 |
Matrimony.com Ltd's revenue increased by 6% and profit after tax (PAT) rose by 6% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 501.98 | 465.87 | 522.23 | |||||||||||||||||||||||||||
| Revenue | 507.51 | 480.15 | 452.44 | |||||||||||||||||||||||||||
| Profit After Tax | 49.55 | 46.67 | 53.59 | |||||||||||||||||||||||||||
| Reserves and Surplus | 280.95 | 243.63 | 299.91 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
Founded in April 1997, Matrimony.com is the parent company of Bharat Matrimony, offering matchmaking services across India.
The company offer services in two segments
The company has 20 offices across India and offices in Dubai, Bangladesh, and the US.
They offer matchmaking services to people in India and the Indian Diaspora through their websites, mobile sites, and mobile apps. They are also supported by their network in India.
The company has 60% of the market share in India and has more than 110 Retail Stores nationwide.
In December 2023, Matrimony.com introduced a new customer service platform, providing members with various contact methods to resolve their queries and issues quickly.
In March 2024, the company launched MeraLuv, an exclusive dating app for Indian Americans that understands the bicultural nuances involved in matchmaking for the Indian diaspora in the USA.
As of March 2024, the company employs more than 2700 people across India.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Sep-2024 | 848.00 | 738.90 | 777.60 |
| Aug-2024 | 785.05 | 599.70 | 687.91 |
| Jul-2024 | 669.90 | 562.60 | 611.88 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Sep-2024 | 846.95 | 732.20 | 777.38 |
| Aug-2024 | 786.00 | 600.00 | 687.78 |
| Jul-2024 | 669.50 | 562.25 | 611.89 |
The Buy-Back is being undertaken, inter-alia, for the following reasons:
Matrimony.com Ltd
No.94, TVH Beliciaa Towers
Tower II, 5th Floor, MRC Nagar,
Raja Annamalaipuram, Chennai - 600028
Chennai, Tamil Nadu, 600028
Lead Manager(s)
Registered Broker
The Matrimony.com Buyback 2024 opens on October 30, 2024, and closes on November 6, 2024.
The Matrimony.com Buyback 2024 last day to buy is not available as of now.
The Matrimony.com Buyback 2024 is a Tender Offer.
Matrimony.com Buyback 2024 Schedule
| Buyback Opening Date | October 30, 2024 |
| Buyback Closing Date | November 6, 2024 |
| Last Date for receipt of Tender Forms | November 6, 2024 |
| Finalisation of Buyback Acceptance | November 11, 2024 |
| Last Date for settlment of bids | November 12, 2024 |
| Last Date for Extinguishment of Shares | November 22, 2024 |
The Matrimony.com Buyback 2024 is being offered at Rs ₹1025 per share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 15 Equity Shares out of every 101 Fully paid-up Equity Shares held on the Record Date. | 105,366.00 |
| General Category for all other Eligible Shareholders | 15 Equity Shares out of every 253 Fully paid-up Equity Shares held on the Record Date. | 597,073.00 |
The issue size of Matrimony.com Buyback 2024 is 7,02,439 equity shares at ₹1025 per share aggregating up to ₹72.00 Crores.
The Buy-Back is being undertaken, inter-alia, for the following reasons:
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 2024 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.
