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.
Company Promoters: Murugavel Janakiraman is the Promoter of the Company.
Company Financials:
| 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 |
Issue Detail:
| Issue Open | Sep 11, 2017 – Sep 13, 2017 |
| Issue Type | Book Built Issue IPO |
| Issue Size: | i. Fresh Issue of [.] Equity Shares of Rs 5 aggregating up to Rs 130.00 Cr ii. Offer for Sale of 3,767,254 Equity Shares of Rs 5 |
| Face Value | Rs 5 Per Equity Share |
| Issue Price | Rs 983 – Rs 985 Per Equity Share |
| Market Lot | 15 Shares |
| Minimum Order Quantity | 15 Shares |
| Listing At | BSE, NSE |
Objects of the Fresh Issue
- Advertising and business promotion activities;
- Purchase of land for construction of office premises in Chennai;
- Repayment of overdraft facilities; and
- General corporate purposes
Discount to Retail Investors
A discount of Rs 98 is offered to investors in retail category
- Tentative timetable in respect of the Offer
- Bid/Offer Opens On: September 11, 2017
- Bid/Offer Closes On: September 13, 2017
- Finalisation of Basis of Allotment: On or about September 19, 2017
- Initiation of refunds: On or about September 20, 2017
- Credit of Equity Shares to demat accounts: On or about September 20, 2017
- Listing on the Stock Exchanges: On or about September 21, 2017
Please contact us today for application at 033 40266300
