Matrimony.com Ltd Buyback
Matrimony.com Buyback 2024
Tender Offer
₹1,025.00
Buyback price per shareAbout Matrimony.com Ltd Buyback
The parent company of Bharat Matrimony, Matrimony.com is one of the leading names in the Indian matchmaking industry holding as much as 60% market share. This site has been a trusted matchmaker for millions in its network of over 110 retail stores across the nation.
The company improved the user experience in December 2023 by launching a new customer service platform, which would ensure speedy and efficient resolution through multiple contact methods. Initiatives like these further stress the intent of the company to foster exceptional customer service and support.
Taking its expertise to the global stage, Matrimony.com recently in March 2024, launched MeraLuv. MeraLuv is the unique Indian American dating app, with cultural nuances specific to the bicultural underpinnings of the Indian diaspora in the USA, along with a culturally sensitive approach to modern matchmaking.
Presently, Matrimony.com leads matchmaking while innovating with tradition and technology, creating meaningful connections for millions of people across the globe.
Matrimony.com Ltd Buyback Details
Security Name
Matrimony.com LtdBuyback Price
₹1,025.00Face Value
₹5.00Listing at Group
BSE,NSELead Manager
Motilal Oswal Investment Advisors LimitedBuyback Docs
Letter Of OfferIssue Size
702,439Matrimony.com Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Oct 24, 2024 | Oct 25, 2024 | Oct 30, 2024 | Nov 6, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Nov 6, 2024 | Nov 11, 2024 | Nov 12, 2024 | Nov 22, 2024 |
Matrimony.com Ltd Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 15/101 | 105366 |
| General Category for all other Eligible Shareholders | 15/253 | 597073 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|
| Total Revenue | 507.51 | 480.15 | 452.44 |
| Reserves And Surplus | -- | -- | -- |
| Total Assets | 501.98 | 465.87 | 522.23 |
| Net Worth | -- | -- | -- |
| Profit After Tax | 49.55 | 46.67 | 53.59 |
| Total Borrowing | -- | -- | -- |
How to Participate in Matrimony.com Ltd Buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Matrimony.com Ltd Buyback in Demat or physical form as on the record date Oct 25, 2024.
2. Once you have shares in Demat, you can participate in the buyback process which is opening from Oct 30, 2024 by selling your shares through your broker on BSE,NSE.
3. Then on Nov 22, 2024, the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Calculation of Investment in Matrimony.com Ltd Buyback
Maximum market value of a share holder as on record date | ₹200,000.00 |
Buyback price per share | ₹1,025.00 |
Maximum share for small shareholders (200000/ 1025) | 195.12 share |
Closing price of stock as of 2024-09-05 | ₹804.05 |
Maximum amount insted in buyback (₹804.05 x 195.1219512195122 shares) | ₹156,887.80 |
* No. of shares stands to change according to the closing price on the record date
* For simplicity, we have considered the price on date Sep 5, 2024
Expected Profit from the Matrimony.com Ltd Buyback on the bases of acceptance Ratio:
Acceptance Ratio | 33% | 50% | 75% | 100% |
Amount Invested in Buyback | ₹156,887.80 | ₹156,887.80 | ₹156,887.80 | ₹156,887.80 |
No. of Shares Buyback | 64 | 97 | 146 | 195 |
Buyback Profit | 14140 | 21432 | 32258 | 43085 |
Profit% | 9.01% | 13.66% | 20.56% | 27.46% |
Matrimony.com Ltd Buyback - Necessity of the Objective
The buyback will help the company to distribute surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
The buyback is expected to improve return on equity through the distribution of cash and improve earnings per share by reducing the equity base; thereby increasing the long-term shareholder's value.
The buyback gives an option to the shareholders holding equity shares of the company, either to sell their equity shares and receive cash or not to sell their equity shares and get a resultant increase in their percentage shareholding, post the buyback offer, without additional investment.
The buyback, which is being implemented through the tender offer as prescribed under the buyback regulations, would involve a minimum reservation of 15% for small shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the small shareholders. The company believes that this reservation for small shareholders would benefit many public shareholders, who would be classified as small shareholders.
The buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company.
Matrimony.com Ltd Buyback
No.94, TVH Beliciaa Towers Tower II, 5th Floor, MRC Nagar, Raja Annamalaipuram, Chennai - 600028Email: corpcomm@matrimony.com
Phone: 044-49001919
Website: https://www.matrimony.com/
