Matrimony.com IPO

Matrimony LogoBusiness description from prospectus - Matrimony.com is one of the oldest and leading matrimony portals of India. The Chennai-based company operates in three segments – matchmaking services, marriage services and related sale of products and other services.

As of March 31, 2015, Matrimony.com had a large database of profiles comprising 2.65 million active profiles (being profiles that have been published or logged in at least once during the prior 180-day period), which creates a network effect that attracts more users to register or subscribe and also results in higher customer engagement. According to the Key Business Metrics Report, in fiscal 2013, fiscal 2014 and fiscal 2015, Matrimony.com had 568,000, 571,000 and 647,000 paid subscriptions, respectively.

The company differentiates itself from other players in India by following a micro-market strategy whereby it offers a range of targeted and customized products and services that are tailored to meet the requirements of customers based on their linguistic, religious, caste and community preferences as well as personalized matchmaking services such as AssistedMatrimony and EliteMatrimony.

Matrimony.com has also launched marriage services such as MatrimonyDirectory.com for listing of matrimony-related directory services and MatrimonyPhotography.com to provide wedding photography and videography services. The company has also introduced Tambulya.com, an online marketplace operated by its subsidiary, Tambulya Online Marketplace Private Limited, for gifts for weddings and other occasions on a bulk order basis.

In FY2015, its network of websites, mobile sites and mobile apps had 647,000 paid subscriptions and 2.57 million free profiles.

Promoter of Matrimony.com: Murugavel Janakiraman

Matrimony.com IPO details

Subscription Dates 11 - 13 September 2017
Price Band INR983 - 985 per share (discount of INR87 per share for retail investors and employees)
Fresh issue INR130 crore
Offer For Sale 3,767,254 shares (INR370.32 - 371.07 crore)
Total IPO size INR500.32 - 501.07 crore
Minimum bid (lot size) 15 shares
Face Value  INR5 per share
Retail Allocation 10%
Listing On BSE, NSE

 

Matrimony.com's consolidated financial performance (in INR crore)

  FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 188.7 207.3 242.8 255.4 292.3
Total expenses 172.6 194.3 225.0 248.2 233.7
Profit after tax 10.4 -9.1 -2.9 -75.0 43.8

 

Matrimony.com Ltd 
TVH Beliciaa Towers, 10th Floor,
MRC Nagar, Mandaveli, Chennai - 600028

Phone: +91 44 2463 1500
Fax: +91 44 2463 1777
Email: compliance@matrimony.com 
Website: www.matrimony.com

Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India

Phone: +91 40 23312454
Fax: +91 40 23311968
Email:
einward.ris@karvy.com
Website: http://karisma.karvy.com

Matrimony.com IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB 1,530,905 0.82 0.82 1.88
NII 764,836 0.00 0.01 0.40
Retail 509,890 1.19 4.97 16.88
Employees  5,649 0.15 0.81  3.21
Total 2,811,280 0.66  1.35  4.20

Matrimony.com IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.

IPO Opening Date: 11 September 2017

IPO Closing Date: 13 September 2017

Finalisation of Basis of Allotment: 19 September 2017

Initiation of refunds: 20 September 2017

Transfer of shares to demat accounts: 20 September 2017

Listing Date: 21 September 2017

Listing Price on NSE: INR985 per share (up 9.7% from IPO price for retail investors)

Closing Price on NSE: INR904.65 per share (up 0.7% from IPO price for retail investors)

Matrimony.com IPO
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19 thoughts on “Matrimony.com IPO

  • September 21, 2017 at 10:26 AM
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    Sell and run while you are still making some profit

    Reply
  • September 20, 2017 at 11:23 AM
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    this is not proper give valuation of this ipo

    Reply
  • September 19, 2017 at 3:30 PM
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    i m not getting any allotment ????!!!!! i have been applying almost all IPOs ??!!! why any one can answer???!!!!

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    • September 19, 2017 at 4:08 PM
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      Apply for ICICI Lomabard & SBI Life insurance. u will definitely get allotment of these companies, issue size is huge

      Reply
    • September 20, 2017 at 10:50 PM
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      Abhishek Aggarwal gave you the solution if not getting allotment is your problem. Well if you are saying you aren’t getting allotment in IPOs that are giving great listing gains, then that’s only because of the oversubscription and a bit of luck factor not working. Keep applying. B+.

      Reply
  • September 19, 2017 at 3:14 PM
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    Got no allotment out of three but am not regretting it.

    Reply
  • September 14, 2017 at 1:34 PM
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    matrimony gives positive listing gains because market always give higher pe multiple to internet companies High PE always attributed to High growth sector and definately matrimony is having tremondus growth opportunity size where in india rapid urbanization gives freedom to couples to find their choice partner.

    Reply
  • September 13, 2017 at 4:01 PM
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    IIFL says matrimony.com has FV 10.
    “The equity shares will have a face value of Rs 10 per share.”

    Reply
  • September 13, 2017 at 4:00 PM
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    IIFL says matrimony.com has FV 10.
    “The equity shares will have a face value of Rs 10 per share.”
    https://www.google.co.in/search?dcr=0&source=hp&ei=Awi5WY70LMO00gSfgKzICA&q=Matrimony.com+ipo+subscription+details+&oq=Matrimony.com+ipo+subscription+details+&gs_l=mobile-gws-hp.3…1439.9753.0.10420.15.15.0.0.0.0.544.4364.1j0j8j4j1j1.15.0….0…1.1j4.64.mobile-gws-hp..0.11.3078.0..0j46j0i131k1j0i2i159k1j0i2i159i131k1j0i46k1j0i3k1j0i22i30k1j33i160k1j33i21k1.g-ssF0-Jvsk

    Reply
  • September 12, 2017 at 11:50 AM
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    There is lack of interest on this forum . Some thing novel requires to be provided

    Reply
  • September 6, 2017 at 8:42 PM
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    want to selll My apppLication at 100
    I have 5 appLication
    M from patna
    8863805714

    Reply
  • September 6, 2017 at 7:56 AM
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    FACE VALUE Rs 5,SO ACTUALLY THIS PRICE BAND IS MORE THAN DIXON.

    Reply
    • September 9, 2017 at 10:31 AM
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      hm very low face value just Rs.5, and financials shows different positions, negatives in all years prior years.

      Reply
  • September 5, 2017 at 5:15 PM
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    P/E ratio is close to 100. Jeevansathi.com, shaadi.com and many more such as simplymarry.com are giving tough competition. Many start-up are on the way. Revenue does not seem to be appreciating strongly enough to justify the price.. Suddenly in the IPO year company becomes profitable. See how Justdail.com share price performed recently. Decide yourself SIS was high priced at P/E ratio of 60, how about 100.

    Reply
  • September 4, 2017 at 9:21 PM
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    SHARE PRICE IS VERY HIGH AND COMPANY FINCIAL ST IS WEEK

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  • September 2, 2017 at 8:30 AM
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    Retail allocation is only 10%. So chances of allotment are too less.

    Reply
    • September 5, 2017 at 10:58 AM
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      hm right

      Reply
  • September 1, 2017 at 11:54 AM
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    This company’s financial statement is much better than BRNL. Matrimony.com IPO will be better choice than other running IPO’s.

    Reply
    • September 14, 2017 at 7:42 AM
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      What? Is it better than Dixon or capacite,sbi life

      Reply

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