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Matrimony.com Limited IPO (Matrimony IPO) Detail

September 11, 2017 - September 13, 2017

Matrimony IPO is a book built issue of Rs 496.88 crores. The issue comprises of fresh issue of Rs 130.00 crore and offer for sale of 0.38 crore shares.

Matrimony IPO bidding started from September 11, 2017 and ended on September 13, 2017. The allotment for Matrimony IPO was finalized on Tuesday, September 19, 2017. The shares got listed on BSE, NSE on September 21, 2017.

Matrimony IPO price band is set at ₹983 to ₹985 per share. The minimum lot size for an application is 15 Shares. The minimum amount of investment required by retail investors is ₹14,775.

Axis Capital Limited and ICICI Securities Limited are the book running lead managers of the Matrimony IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Matrimony IPO RHP for detailed information.

Matrimony IPO Details

IPO Date September 11, 2017 to September 13, 2017
Listing Date September 21, 2017
Face Value ₹5 per share
Price Band ₹983 to ₹985 per share
Lot Size 15 Shares
Total Issue Size5,102,151 shares
(aggregating up to ₹496.88 Cr)
Fresh Issue[.] shares
(aggregating up to ₹130.00 Cr)
Offer for Sale3,767,254 shares of ₹5
(aggregating up to ₹[.] Cr)
Retail Discount Rs 98 per share
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Matrimony IPO Reservation

Matrimony IPO offers 2,811,280 shares. 1,530,905 (54.46%) to QIB, 764,836 (27.21%) to NII, 509,890 (18.14%) to RII, 5,649 (0.20%) to employees. 33,992 RIIs will receive minimum 15 shares and (sNII) and (bNII) will receive minimum 210 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered1,530,905 (54.46%)NA
NII (HNI) Shares Offered764,836 (27.21%)
Retail Shares Offered509,890 (18.14%)33,992
Employee Shares Offered5,649 (0.20%)NA
Total Shares Offered2,811,280 (100%)

Matrimony IPO Timeline (Tentative Schedule)

Matrimony IPO opens on September 11, 2017, and closes on September 13, 2017.

IPO Open Date Monday, September 11, 2017
IPO Close Date Wednesday, September 13, 2017
Basis of Allotment Tuesday, September 19, 2017
Initiation of Refunds Wednesday, September 20, 2017
Credit of Shares to Demat Wednesday, September 20, 2017
Listing Date Thursday, September 21, 2017
Cut-off time for UPI mandate confirmation 5 PM on September 13, 2017

Matrimony IPO Lot Size

Investors can bid for a minimum of 15 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 15 ₹14,775
Retail (Max) 13 195 ₹192,075
Lot Size Calculator

About Matrimony.com Limited

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 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 (Matrimony IPO Objectives)

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 Review (May apply)

[Dilip Davda]  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 September 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 Details

Listing Date September 21, 2017
BSE Script Code 540704
NSE Symbol MATRIMONY
ISIN INE866R01028
Final Issue Price ₹985 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue 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

Check IPO Performance…

Matrimony.com Limited Contact Details

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

Kfin Technologies Limited

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

Matrimony IPO - Buy or Not

Matrimony IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 4 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

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 share. The minimum order quantity is 15 Shares.

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

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

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

Matrimony IPO lot size is 15 Shares, and the minimum amount required is ₹14,775.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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939 Comments

555. Solution of Queries |   Link |  Bookmark |October 11, 2017 12:33:28 PM (1100+ Posts, 1400+ Likes)
No big moment will come in this counter in short term !! so better No new buying
554. Suryadeep |   Link |  Bookmark |October 3, 2017 11:32:28 AM
@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 |   Link |  Bookmark |October 8, 2017 2:07:21 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 |   Link |  Bookmark |October 31, 2017 1:35:21 PM
880 rs highest .. time to sale 900-910
553. R R Patel |   Link |  Bookmark |September 27, 2017 7:50:07 PM
IPO Mentor IPO Mentor (800+ Posts, 3400+ 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 |   Link |  Bookmark |September 25, 2017 11:02:53 AM
Moving At low volume May see profit booking at 370 level
551. DK GOYAL |   Link |  Bookmark |September 25, 2017 2:02:47 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. |   Link |  Bookmark |September 24, 2017 3:01:53 PM
Is this a good shorting bet?
549. IPO EQUITY |   Link |  Bookmark |September 24, 2017 8:12:06 AM
Matrimony will go to down till 650 ...enjoy the reverse ride....
548. manjitsingh |   Link |  Bookmark |September 23, 2017 9:10:51 PM (900+ Posts, 900+ Likes)
It will settle between 600 to 650 rs
... sold if u get any bounce....
547. Prabhu Muthukalai |   Link |  Bookmark |September 20, 2017 1:40:17 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 |   Link |  Bookmark |September 22, 2017 12:04:06 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 |   Link |  Bookmark |September 23, 2017 6:47:37 PM
Top Contributor Top Contributor (300+ Posts, 200+ 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 |   Link |  Bookmark |September 20, 2017 9:27:40 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
IMO, it will list around 1000 but might go up to 1200 very sharply.
546.2. nikunj pandya |   Link |  Bookmark |September 20, 2017 10:47:35 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 |   Link |  Bookmark |September 23, 2017 6:44:42 PM
Top Contributor Top Contributor (300+ Posts, 200+ 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 |   Link |  Bookmark |September 23, 2017 6:42:49 PM
Top Contributor Top Contributor (300+ Posts, 200+ 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 |   Link |  Bookmark |September 23, 2017 1:01:58 PM (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 |   Link |  Bookmark |September 23, 2017 10:27:39 AM
IPO Mentor IPO Mentor (800+ Posts, 3400+ Likes)
It may go further down upto 680-700. Enter at that level if any one want for long term.
542. phrao |   Link |  Bookmark |September 21, 2017 2:53:44 PM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Tomorrow DOWN TREND continued.
EXIT
542.1. phrao |   Link |  Bookmark |September 22, 2017 5:23:35 PM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
This is my analysis PAKKA triggered
541. gundu anna |   Link |  Bookmark |September 22, 2017 3:07:33 PM (500+ Posts, 100+ Likes)
This kind of stocks are required to give loses and weed out excessive retail punters....
540. IPO Fanatic |   Link |  Bookmark |September 22, 2017 2:27:03 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 |   Link |  Bookmark |September 22, 2017 2:30:37 PM (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 |   Link |  Bookmark |September 22, 2017 2:07:54 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 |   Link |  Bookmark |September 22, 2017 12:15:28 PM
I got allotment and luckily sold all shares @ 1002.5
538.1. Manofsteel |   Link |  Bookmark |September 22, 2017 2:04:14 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Lucky!!
537. teza |   Link |  Bookmark |September 22, 2017 11:49:28 AM
Now the shares are at discount even more and this will increase.
536. manjitsingh |   Link |  Bookmark |September 22, 2017 11:23:04 AM (900+ Posts, 900+ Likes)
Thakur too giyoo bhaya