Matrimony.com Buyback 2022
(i) 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.
(ii) 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.
(iii) 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.
(iv) 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.
(v) In FY2015, its network of websites, mobile sites and mobile apps had 647,000 paid subscriptions and 2.57 million free profiles.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Jul 04 2022 |
| Buyback Opening Date: | Jul 26 2022 |
| Buyback Closing Date: | Aug 08 2022 |
| Buyback Offer Amount: | ₹ 75 Cr |
| Date of Board Meeting approving the proposal: | May 12 2022 |
| Date of Public Announcement: | May 12 2022 |
| Buyback Offer Size: | 24.5% |
| Buyback Number of Shares: | 6,52, 173 |
| Price Type: | Tender Offer |
| FV: | 5 |
| Buyback Price: | ₹ 1150 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (Cr) | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| Sales | 101 | 146 | 189 | 205 | 241 | 255 | 293 | 335 | 348 | 430 | 439 |
| Expenses | 100 | 149 | 173 | 193 | 225 | 248 | 234 | 258 | 274 | 376 | 372 |
| Operating Profit | 1 | -2 | 15 | 12 | 17 | 7 | 59 | 78 | 74 | 54 | 67 |
| OPM % | 1% | -2% | 8% | 6% | 7% | 3% | 20% | 23% | 21% | 13% | 15% |
| Other Income | 0 | 0 | 3 | -15 | -10 | -69 | 0 | 19 | 16 | 18 | 17 |
| Interest | 1 | -2 | 1 | 1 | 2 | 3 | 6 | 2 | 5 | 5 | 5 |
| Depreciation | 2 | 4 | 6 | 6 | 8 | 10 | 10 | 10 | 27 | 28 | 26 |
| Profit before tax | -2 | -4 | 10 | -9 | -3 | -75 | 43 | 86 | 58 | 39 | 54 |
| Tax % | -1% | 0% | 0% | 0% | 0% | 0% | 0% | 14% | 27% | 24% | 24% |
| Net Profit | -2 | -4 | 10 | -9 | -3 | -75 | 43 | 74 | 42 | 30 | 41 |
| EPS in Rs | -38.84 | -2.81 | 7.73 | -6.8 | -1.19 | -50.8 | 20.22 | 32.52 | 18.68 | 12.97 | 17.83 |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 133556 | 133556 | 133556 | 133556 |
| No. of Shares buyback | 57 | 86 | 129 | 173 |
| BuyBack Profit | 21546 | 32508 | 48762 | 65394 |
| Profit | 16.13% | 24.34% | 36.51% | 48.96% |
Recommendation:
45 Comments
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General Category Ar?
36 for 167 shares so around 21.5% AR
ITS OK
Expected AR in matrimony buyback 2022?
28-39%
On seeing the bidding particulars, I understand that the AR in respect of both the Retail Category and General Category will be almost the same.
Just for info
Bidding status
Individual shows 7,30,000 shares.
But
Retails holding shares on record date is around 7,00,000.
And also there are 56000 share holders on record date holding 7 lakh shares.
Now total bidding no of orders received 38,400.
Means 18000-19000 holders not Tendered their shares.
Correction
53830 holders
Acceptence ratio
AR 51/236 in retail category. Nearly 22%.
AR Less thn expected in matrimony.
As motilal and sarda energy AR 30% and 40%.
Letter of Offer….
https://www.bseindia.com/xml-data/corpfiling/AttachLive/e9502d11-46c9-4969-bf23-76a86bd7f297.pdf
Motilal Oswal Buyback:
AR 51/160. Better than expected.
Matrimony Buyback: ER 32/236. BUYBACK Begins on 26/7 and ends on 08/8. Settlement by 22/8
Matrimony has fixed 4th July 2022 as Record date for Buyback
Sir,
Thank you very much for your kind information.
@admin
In recommendation column, wrongly mentioned “Gail” in place of “Matrimony”.
Please correct.
Dear SRK ji
Filatex 1212 / 1500 (80%) shares accepted. Great underdog!!
Very good AR. Congratulations. Thank you n all the best.
When record date will be announced. Whats expert opinion on this.
Zydus life sciences tender offer buyback- Rs 650/- current price- Rs 356
Total 1.13% equity. ER – 2.7 – 5%
AR of Zydus would not be more than 10-15%
For Matrimony:
Increase from 650 to 750 is frightening for me. The gap is too high..
It may be overall loss .. I would avoid till it reaches 700 or lower..
Experts,
Whether 1 Qty 100% AR strategy will work in Motilal Oswal and Matrimony ?
@admin
In recommendation column, wrongly mentioned “Gail” in place of “Matrimony”.
Please correct.
Motilal Oswal Financial Services Buyback Particulars:
Buyback size: upto 14,54,545 shares
Buyback price : Rs. 1100/-
Buyback amount: Rs.160 Crores
Mode : Through Tender Offer
Record date : Yet to be announced
CMP: Around Rs. 851/-
Happy investing to all of you. Thank you.
Record Date is 27/05/2022. Thank you.
Thanks SRK, Motilal and matrimony not excited me.. Current market condition is bad…
Also acceptance ratio would be low also last results were really bad..
Looking at Ambuja and ACC instead for open offer… There is also no 15% funda and AR is normally very high..
What is your suggestion..
Sumit ji,
Extremely sorry for the delay in responding. As I am not interested in the open offers, I have not studied both the Ambuja and ACC. I have purchased 148 shares of Motilal and only 42 shares of Matrimony with optimism. Of course, I honour your views. Thank you n all the best.
AR is around 31.5% in respect of Motilal Oswal buyback. Not a bad one. Thank you.
Filatex BB 565 ACCEPTED OUT OF 700 TODAY TRANSACTION REFLECTING IN D MAT
Very good AR. Congratulations. All the best.
Purchased 30 shares @ Rs. 765.05. Planning to purchase 20 more shares @ Rs. 750.05, if available. Thank you.
Sir
Pl open a page for Indiamart Buyback
Thereby AR likely to be around 17-20%.
Are you considering that 35% of small investors will apply for buyback ( for determining AR )?
Entitlement may be around 5.7% considering the 10.07% of Retail Shareholding patterns at present.
10% is non institutional holding. Retail holding (under 3 Lak) is around 5-6%
Good news is that promoters are not participating. And, they hold 50% stakes in the company.
Is there any benifit to retail/small shareholders if promoter not participate? Why the price not decided yet and yet to be approved by shareholders?
Sir,
Thank you very much for your kind n useful information.
HOW TO KNOW PROMOTERS ARE PARTICIPATING OR NOT IN BUYBACK????
It was clarified in the conference call on 13th.
HOW TO KNOW PROMOTERS ARE PARTICIPATING OR NOT IN BUYBACK????
CAN YOU PLEASE SHARE SOME LINK OR PDF OF THIS.
COULD YOU PLZ ELOBORATE ON THIS, IAM STILL CONFUSED
https://www.bseindia.com/xml-data/corpfiling/AttachHis/c21b11a2-ffbf-442a-bf2a-4d03e2a78107.pdf
Check the first paragraph on page 14
Hi Umesh,
Do you have estimations of AR for general category. My rough calculation says that it will be similar to retail. I would like to hear your views.
Regards,
Vishal