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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.
| 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 Size | 5,102,151 shares (aggregating up to ₹496.88 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹130.00 Cr) |
| Offer for Sale | 3,767,254 shares of ₹5 (aggregating up to ₹[.] Cr) |
| Retail Discount | Rs 98 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 21,259,801 |
| Share holding post issue | 22,594,355 |
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 Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,530,905 (54.46%) | NA |
| NII (HNI) Shares Offered | 764,836 (27.21%) | |
| Retail Shares Offered | 509,890 (18.14%) | 33,992 |
| Employee Shares Offered | 5,649 (0.20%) | NA |
| Total Shares Offered | 2,811,280 (100%) |
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 |
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 | |||
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.
| 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 | |
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.
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 1.88 |
| NII | 0.41 |
| Retail | 18.16 |
| Employee | 3.20 |
| Total | 4.44 |
| Listing Date | September 21, 2017 |
| BSE Script Code | 540704 |
| NSE Symbol | MATRIMONY |
| ISIN | INE866R01028 |
| Final Issue Price | ₹985 per share |
| 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 |
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
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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.
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