Matrimony.com Limited IPO (Matrimony IPO) Detail
|Issue Open Date||Sept 11th , 2017||Price Band :||Rs 983 – Rs 985|
|Issue Open Date||Sept 13th , 2017||Minimum Bid Qty :||15|
Discount to Retail Investors
A discount of Rs 98 is offered to investors in retail category
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
- 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.
Business Description :
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 centre’s distributed across India where customers can walk in and register on their websites. its flagship brand, Bharat Matrimony, has 15 language based domains under its umbrella. They also have other portals like Elite Matrimony, Community Matrimony, Matrimony Directory, Matrimony Photography, Matrimony Bazaar, Matrimony Directory and Matrimony Mandaps.
Murugavel Janakiraman is the Promoter of the Company.
|For the year/period ended (in Rs. million)|
Profit After Tax
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 Fax: +91 44 2463 1777 Email: compliance @matrimony.com Website: http://www.matrimony.com
IPO Registrar :
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: email@example.com Website: http://karisma.karvy.com
IPO Lead Manager(s) :
- Axis Capital Limited
- ICICI Securities Limited