Matrimony.com Limited IPO Message Board (Page 26)

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Matrimony has delivered strong revenue / EBITDA growth of 12% /
39% in FY13-17. However earnings were negative mainly due to one off
related legal expense. The company has delivered strong earnings in FY17
with PAT of INR438 mn and strong EBITDA margins of 20%. Other positive
about the company is 1) Leadership positioning in Online Matchmaking
Services in India, 2) diversification from single product online matchmaking
company to marriage services provider and 3) following Micro-market
strategy and personalized services. At upper price band, the issue is
available at PE of 48x FY17 pre issue EPS and 50.8x post issue capital.
Further based on annualized EPS based on 1QFY18 earnings, issue is
available at PE of 38x FY18. We believe the company deserves premium
multiple due to leadership positioning in terms of larger client base
compared to closed peers, limited competition and expected pick up in
earnings post negative earning in FY14-16.

Matrimony.com The company has not shown steady and consistent growth. In past five years, in only two years, the company’s revenue has grown in double digits. Its EBITDA has also not been consistent. Due to exceptional items of legal and settlement costs regarding a law suit in the US, the company has incurred net losses till FY16. FY17 is the only year in which it has generated profits of Rs 43.7 crore. It has negative net worth. Despite being in the business for more than 15 years, the company does not seem to have been stabilized yet. On the upper price band of Rs 985, the company’s P/E works out to 82.7x with FY17’s EPS of Rs 11.90.
Company’s inconsistent financial performance and high valuations, makes this investment risky. So watch the subscription figure upto day 2, if it gets bumper response like Dixon than apply with moderate investment otherwise avoid this ipo.

On September 08 Bhatat Matrimony allocates 22,93,277 shares @985 per share to following anchor investors:

Small Cap World Fund 7,64,400
HDFC Prudence Fund 5,80,680
HDFC Capital Builder Fund 81,750
HDFC Growth Fund 1,02,000
Baring Private Equity India 76,153
BNP Paribas Arbitrage 51,370
ICG Q Ltd 1,02,705
Goldman Sachs India Ltd 4,06,095
Threadneedle Specialist Investments Fund 76,755
DB International Ltd. 51369

This is more like a single use product / website. They should not be seeing any repeat customers if their service works well. Else the service is no good. Either way the prognosis for their service is not good. And lot of other people who act as matchmakers. Anybody here who used their services and have any feedback ? Would you recommend their services to your cousins ? How does this compare against shaadi.com ?

As I am looking for bride, I have registered on many websites. Personally I liked shadi.com most. Then Jeevansathi and to be honest i didn''t liked Bharat matrimony ( part of matrimony.com) at all. So I will apply in ipo only for listing gain if subscription is good. I will not investor medium/long term. This is my personal experience. Other''s at defer.

Latest gmp
Dixon 670 - 680.
Capacite 108 - 111.
Matrimony 110 - 120.
ICICI Lombard 38 - 41.

I am seeing first time IPO advertisement in tv. Matrimony advertising in tv for applying ipo. Is really worthy.?

Bro you are very funny....TV me add aya to ipo worthty....
????????????????????

That I am saying I am seeing advertisement. That is separate I am asking worthy or not. I am not asking because of advertisement ????

Can we sell sme ipo on listing day.
Experts plz answer

I was worrying about the fact that they suddenly turned profitable last year..looked very fishy to me. The explanation given by the management is the Litigation Cost in US ( Refer to Red Herring Prospectus) .

The valuations are too high, especially for a company who turned profitable recently. However, I feel that IPO Market has gone insane & every IPO is commanding obscene valuation.

For me, the strategy would be to look at the subscription figures & play this IPO purely for Listing Gains. Few things which are in favour of this IPO are:
1) Retail portion is ONLY 10% , which means that the chances of oversubscription are high, as normally subscription for Retail portion are lower than QIB & HNI Portion
2) 10% price discount to the Retail investors
3) Good Anchor Investors have invested in the IPO

it may be like just Dial in a long term view.
Here due to the discount it may give some listing gains but then also not looks so much attractive.but i will take final call following the shareview and Gamble sir(fd view is superb)views on this!
Sir please Give the final call for the same

Please do not apply by seeing a discount of Rs 98 is offered to investors in retail category.
Please note that its face value is Rs.5/-.
i.e. Rs.985 - 98 = 887 x 2 = 1774/-.
Due you think it has more value than Dixon (face value Rs.10/-) where offer price is Rs.1,766/-.
This is loss making company.
Totally avoid.
Keep fund for ICICI Lombard IPO.

Yes. Agree with you

GO BACK TO SCHOOOOOL MR AJ SONI. Moderator should delete such type of nonsense post. Post like this will misguide new retail in market

Positive side it has good brand value and earning visibility. It has posted good top
line also. Not all the investors are exiting through OFS which is a positive. On the other hand the negative networth and accumulated losses plus the pending litigations are a matter of concern. Valuations are not cheap even after discount to RII.

Minor mistake on NSE .
On its IPO page , Face Value Rs. 10 in place of Rs. 5.
Don''t get confused. Actual FV is 5 only.

On BSE it is Rs. 5 FV.

Now corrected to rs.5 after adding AIs.

Anchor Investors list is out on BSE.

There are 8 Anchor Investors who subscribed 23 lakh equity shares at the rate of 985/-

Givee investors name

I think subscription would be more than BRNL . Wait till last day . Better to wait n watch rather than being scapegoat.
AIs - HDFC , BNP Paribas , Goldman Sachs , ICG Q , Small Cap World Fund , Baring Private Equity , DB International , Alpha Fund.

This is service based income company.
Watch the difference between 2015,2016,2017 Revenues & Profit after tax.
There is no raw material purchases. Only
MAXIMUM administration and publicity expenses.

Why heavy flections in PAT.
WATCH CAREFULLY BEFORE APPLY.

Don''t tempt for Rs.98.00 if you are a FISH u can proceed. . Because it''s face value is Rs.5.00 . so convert in to Ten. Ie.
985.00x2=1970.00
Think well. Don''t go blindly..

as mahesana there is the kostak of 200 not the any grey trade till now but hoping the premium above 160+

No gray market activity for Matrimony.com till now in Chandigarh /Mohali region

Which one is better from capacit''e and Matrimony?

Capacit'' Infra.

This is loss making company till 2016. They have made profit in 2017. It seems that the accounts are cooked up. The promoters are taking the advantage of bull market and offering discount to retail customers to trap them. Their business model is not sustainable.

Another JUST DIAL in the making.

Big avoid