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IndiaMART InterMESH Buyback vs Matrimony.com Buyback

Comparision between IndiaMART InterMESH Buyback and Matrimony.com Buyback.

Buyback Details

IndiaMART InterMESH Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Matrimony.com Buyback is a Tender Offer proposed to list at BSE.

  IndiaMART InterMESH Limited Matrimony.com Limited
Logo IndiaMART InterMESH Buyback Logo Matrimony.com Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE
Face Value ₹10 per share ₹5 per share
Buyback Price ₹6250 per share ₹1150 per share
Issue Size 1,60,000 shares 6,52,173 shares
Issue Size (Amount) ₹100.00 Crores ₹75.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Share out of every 63 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 4 Equity Shares out of every 861 Fully paid-up Equity Shares held on the Record Date.
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.
Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers Ambit Private Limited Motilal Oswal Investment Advisors Limited
Necessity of the buyback

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 broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders’ value.

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.

Buyback Timetable

IndiaMART InterMESH Buyback and Matrimony.com Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. IndiaMART InterMESH Buyback Buyback record date is May 11, 2022. Matrimony.com Buyback Buyback record date is Jul 04, 2022.

  IndiaMART InterMESH Limited Matrimony.com Limited
Record Date May 11, 2022 Jul 04, 2022
Offer Open Date Jun 02, 2022 Jul 26, 2022
Offer Closure Date Jun 15, 2022 Aug 08, 2022
Last date for receipt of tender forms Jun 15, 2022 Aug 08, 2022
Finalisation of buyback Jun 23, 2022 Aug 19, 2022
Last Date for settlment of bids Jun 24, 2022 Aug 22, 2022
Last Date for extinguishment of shares Jul 01, 2022 Aug 26, 2022

Financial Details and Other Relevent Information

Comparison of IndiaMART InterMESH Buyback and Matrimony.com Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  IndiaMART InterMESH Limited Matrimony.com Limited
Financial
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 86,567.97 75,614.63 70,744.52
Profit After Tax 29,761.90 27,977.49 14,738.21
Net Worth 1,87,405.37 1,61,088.46 27,505.75
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

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2022 4879.75 3965.35 4409.07
Feb-2022 5379.90 4551.20 5000.63
Jan-2022 6902.00 4350.00 6189.47

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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2022 4880.00 3960.00 4408.57
Feb-2022 5382.00 4555.00 5001.55
Jan-2022 6907.00 4301.10 6189.40

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

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