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Matrimony.com Limited IPO (Matrimony IPO) Detail

Sep 11, 2017 - Sep 13, 2017

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 centers distributed across India where customers can walk in and register on their websites. its flagship brand, BharatMatrimony, has 15 language based domains under its umbrella. They also have other portals like EliteMatrimony, CommunityMatrimony, MatrimonyDirectory, MatrimonyPhotography, MatrimonyBazaar, MatrimonyDirectory and MatrimonyMandaps.

Company Promoters:

Murugavel Janakiraman is the Promoter of the Company.

Company Financials:

Summary of financial Information (Consolidated)
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

Objects of the Issue:

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.

Matrimony IPO Details

IPO Opening Date Sep 11, 2017
IPO Closing Date Sep 13, 2017
Issue Type Book Built Issue IPO
Face Value ₹5 per equity share
IPO Price ₹983 to ₹985 per equity share
Market Lot 15 Shares
Min Order Quantity 15 Shares
Listing At BSE, NSE
Issue Size5,102,151 Eq Shares of ₹5
(aggregating up to ₹496.88 Cr)
Fresh Issue[.] Eq Shares of ₹5
(aggregating up to ₹130.00 Cr)
Offer for Sale3,767,254 Eq Shares of ₹5
(aggregating up to ₹[.] Cr)
Retail Discount ? 98 per share

Matrimony IPO Tentative Timetable

The Matrimony IPO open date is Sep 11, 2017, and the close date is Sep 13, 2017. The issue may list on Sep 21, 2017.

IPO Open Date Sep 11, 2017
IPO Close Date Sep 13, 2017
Basis of Allotment Date Sep 19, 2017
Initiation of Refunds Sep 20, 2017
Credit of Shares to Demat Account Sep 20, 2017
IPO Listing Date Sep 21, 2017

Matrimony IPO Lot Size

The Matrimony IPO market lot size is 15 shares. A retail-individual investor can apply for up to 13 lots (195 shares or ₹192,075).

Application Lots Shares Amount (Cut-off)
Minimum 1 15 ₹14,775
Maximum 13 195 ₹192,075

Matrimony IPO Review

Negative book value as on 30.06.17 makes this issue an aggressively priced offer. However, considering recent workings, risks savvy cash surplus investors may consider moderate investment for medium to long term. Read detail review...

Matrimony IPO Subscription Status (Bidding Detail)

The Matrimony IPO is subscribed 4.44 times on 9/13/2017 5:00:00 PM. The public issue subscribed 18.16 times in the retail category, 1.88 times in the QIB category, and 0.41 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.88
NII0.41
Retail18.16
Employee3.20
Total4.44

Matrimony IPO Prospectus

Matrimony IPO Rating

797
3.8
Rating:Rated 3.8 stars
Vote Here ...

Matrimony IPO Listing Date

Listing Date Thursday, September 21, 2017
BSE Script Code 540704
NSE Symbol MATRIMONY
Listing In B Group of Securities
ISIN INE866R01028
IPO Price ₹985 per equity share
Face Value ₹5 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹985.00
₹985.00
₹893.20
₹1,025.00
₹901.20
NSE
₹985.00
₹985.00
₹896.25
₹1,024.00
₹904.65

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
Email: compliance @matrimony.com
Website: http://www.matrimony.com

Matrimony IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Matrimony IPO Reviews / Ratings

Matrimony IPO FAQs

Matrimony IPO is a main-board IPO of 5,102,151 equity shares of the face value of ₹5 aggregating up to ₹496.88 Crores. The issue is priced at ₹983 to ₹985 per equity share. The minimum order quantity is 15 Shares.

The IPO opens on Sep 11, 2017, and closes on Sep 13, 2017.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Matrimony IPO opens on Sep 11, 2017 and closes on Sep 13, 2017.

Matrimony IPO lot size is 15 Shares and the minimum order quantity is 15 Shares.

You can apply in Matrimony IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Matrimony IPO will be done on Sep 19, 2017, and the allotted shares will be credited to your demat account by Sep 20, 2017. Check the Matrimony IPO allotment status.

The Matrimony IPO listing date is on Thursday, September 21, 2017.

Matrimony IPO Message Board

Ranked Members  Ranked Members

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939 Comments

555. Solution of Queries |Oct 11, 2017 1:33:28 PM
IPO Guru IPO Guru (1100+ Posts, 1400+ Likes)
No big moment will come in this counter in short term !! so better No new buying
554. Suryadeep |Oct 3, 2017 12:32:28 PM
@VALUE INVESTOR : I just started investing and my first investment was on Matrimony.com. Since I don''t have a trading a/c I used my friend''s and got 2 lots. Even after 5-10 years can I get any profits on it. Or shall I sell right away. Please suggest. And kindly help me by providing a best brokerage company(I''m a victim of 5paisa false promises already..Oh God. What an awkward welcome to an young investor)
554.2. Manofsteel |Oct 8, 2017 3:07:21 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Matrimony is a company which has its income from people loggin in and subscribing to the paid services.
As you know. In india. No one would do that.
So Matrimony has only about 25 % of the total online profiles paying for the subscription.
So it is not good from an investors point of view of a profit making company.
554.3. Vijendra |Oct 31, 2017 2:35:21 PM
880 rs highest .. time to sale 900-910
553. R R Patel |Sep 27, 2017 8:50:07 PM
IPO Mentor IPO Mentor (700+ Posts, 3300+ Likes)
New entry not suggested in this script @ poor sentimet of market. One can enter at lower level around 650-690 after some time.
552. Johnswan |Sep 25, 2017 12:02:53 PM
Moving At low volume May see profit booking at 370 level
551. DK GOYAL |Sep 25, 2017 3:02:47 AM
Maine 3 application lagai aur 3 m hi allotment mil gya ab mujhe bahut loss ho raha h kya karna chahiye.....listing k din m kisi karnvash market nahi dekh paya tha
550. R.R. |Sep 24, 2017 4:01:53 PM
Is this a good shorting bet?
549. IPO EQUITY |Sep 24, 2017 9:12:06 AM
Matrimony will go to down till 650 ...enjoy the reverse ride....
548. manjitsingh |Sep 23, 2017 10:10:51 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
It will settle between 600 to 650 rs
... sold if u get any bounce....
547. Prabhu Muthukalai |Sep 20, 2017 2:40:17 PM
Someone says in the below comment box; no future..one think to note this generation cannot live without mobile phones, i keep seeing all my relatives and friends look for partner through internet only .. with the penetration of internet era on hand in mobile with almost all; future is bright for this business with right execution..agree valuation is not comfortable..so who believe this evergreen business can go for long.. moreover limited players business always will have better valuation...I am going to buy for long as they are being leader in this business..
547.8. Hawk eye |Sep 22, 2017 1:04:06 PM
I don''t know why you guys are comparing with amazon, flipkart . Matrimony is an app which people use once in a life time. Its not like flipkart or amazon where you are going to buy the products more than once. As this company has rich valuation people are trying to exit from the shares.
547.9. Silapathar |Sep 23, 2017 7:47:37 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@Ankitxyz , I doubt you read the RHP...if you had read the RHP you would know why the company moved from loss to profit in the past 12 months
546. Silapathar |Sep 20, 2017 10:27:40 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
IMO, it will list around 1000 but might go up to 1200 very sharply.
546.2. nikunj pandya |Sep 20, 2017 11:47:35 PM
@ Silapathar
i have one lot do you want to buy at 950
if NOT then stop this type of nonsence comment
546.3. Silapathar |Sep 23, 2017 7:44:42 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Why will I buy at 950, it is available at 800 now.....if you want to sell for 700, I can buy 1 lot.
545. Silapathar |Sep 23, 2017 7:42:49 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Among the current lot of IPO''s, this one looked fairly priced but not over priced, still it is going downhill.....I wonder what will happen to Lombard, prataap and SBI Life, which are highly overpriced.

I still believe this one will bounce back and give good returns in 6 months.
544. Navkant |Sep 23, 2017 2:01:58 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Hope all retailers excited within the discount cushion they had. I withdrew my applications before cut off for this one. Going to test 750 on Monday.
543. R R Patel |Sep 23, 2017 11:27:39 AM
IPO Mentor IPO Mentor (700+ Posts, 3300+ Likes)
It may go further down upto 680-700. Enter at that level if any one want for long term.
542. phrao |Sep 21, 2017 3:53:44 PM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Tomorrow DOWN TREND continued.
EXIT
542.1. phrao |Sep 22, 2017 6:23:35 PM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
This is my analysis PAKKA triggered
541. gundu anna |Sep 22, 2017 4:07:33 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
This kind of stocks are required to give loses and weed out excessive retail punters....
540. IPO Fanatic |Sep 22, 2017 3:27:03 PM
@Ankitxyz : Company is not looting you. They didn''t force us to apply. Its up to us to pass such issues. Hope our brothers will get one more chance to get out of this counter.
540.1. Ankitxyz |Sep 22, 2017 3:30:37 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
I did not apply. ....I too hope everyone will get at least one chance to exit. I also hope that they won''t be greedy when the opportunity comes
539. Professional |Sep 22, 2017 3:07:54 PM
Unlucky guys, already touched 800/- will go down below 600/-. More supply and no demand because of loss encoring company. So pity who invested in this.
538. Skkanabhi |Sep 22, 2017 1:15:28 PM
I got allotment and luckily sold all shares @ 1002.5
538.1. Manofsteel |Sep 22, 2017 3:04:14 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Lucky!!
537. teza |Sep 22, 2017 12:49:28 PM
Now the shares are at discount even more and this will increase.
536. manjitsingh |Sep 22, 2017 12:23:04 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
Thakur too giyoo bhaya