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 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:
13 Comments
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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..
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..
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.
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????