Matrimony.com Ltd Buyback
Matrimony.com Buyback 2024
Tender Offer
₹1,025.00
Buyback price per share24 Oct, 2024
Last Date to buy shares25 Oct, 2024
Record Date30 Oct, 2024
Offer Opens06 Nov, 2024
Offer Closes06 Nov, 2024
Last Date for Tender Forms11 Nov, 2024
Finalisation of Buyback Acceptance12 Nov, 2024
Last Date for settlement of bids22 Nov, 2024
Last Date for Extinguishment of SharesAbout Matrimony.com Ltd Buyback Company
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 Ltd
- Buyback Price ₹1,025.00
- Face Valuet ₹5.00
- Listing at Group BSE,NSE
- Lead Manager Motilal Oswal Investment Advisors Limited
- Issue Size 702,439
- Buyback Docs Letter Of Offer
Matrimony.com Ltd Buyback Ratio
| Categoryy | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 15/101 | 105366 |
| General Category for all other Eligible Shareholders | 15/253 | 597073 |
Matrimony.com Ltd Buyback Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Total Borrowing | -- | -- | -- |
| Reserves And Surplus | -- | -- | -- |
| Total Revenue | 507.51 | 480.15 | 452.44 |
| Total Assets | 501.98 | 465.87 | 522.23 |
| Profit After Tax | 49.55 | 46.67 | 53.59 |
| Net Worth | -- | -- | -- |
How to Participate in Matrimony.com Ltd Buyback?
Calculation of Investment in Matrimony.com Ltd Buyback Buyback 2026
* 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 | Amount Invested in Buyback | No. of Shares Buyback | Buyback Profit | Profit% |
|---|---|---|---|---|
| 33% | ₹156,887.80 | 64 | 14140 | 9.01% |
| 50% | ₹156,887.80 | 97 | 21432 | 13.66% |
| 75% | ₹156,887.80 | 146 | 32258 | 20.56% |
| 100% | ₹156,887.80 | 195 | 43085 | 27.46% |
Amount Invested in Buyback: ₹156,887.80
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.
Contact Details
Matrimony.com Ltd Buyback
No.94, TVH Beliciaa Towers Tower II, 5th Floor, MRC Nagar, Raja Annamalaipuram, Chennai - 600028
044-49001919
corpcomm@matrimony.com