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|
|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|
|Profit before tax||-2||-4||10||-9||-3||-75||43||86||58||39||54|
|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:
|Amount Invested in Buyback||133556||133556||133556||133556|
|No. of Shares buyback||57||86||129||173|