Matrimony.com Buyback Details: The final buyback price of Rs. 1,150 per equity share was agreed by Matrimony.com’s buyback committee on June 22. Up to Rs 75 crore will be purchased back in total. Up to 6.52 lakh shares, or 2.85 percent of the company’s entire share capital, would be repurchased in total as part of the buyback. The request to repurchase fully paid-up equity shares of the Company (“Equity Shares”), each with a face value of Rs 5 (Rupees Five only), was authorised by the Board for a sum not to exceed Rs 75 crores.
According to the most recent standalone and consolidated audited financial statements of the Company as of March 31, 2022, the maximum buy back size is 24.24 percent and 24.36 percent of the aggregate of the total paid-up equity share capital and free reserves of the company, respectively. The maximum buy back price cannot exceed Rs 1150 per equity share through the “tender offer” route, on a proportionate basis as required by the Securities and Exchange Board of India.
In Q4 FY22 over Q4 FY21, the company recorded a 15.6% increase in consolidated net profit to Rs 11.7 crore on an increase in operations revenue of 9.4% to Rs 110.6 crore.
Matrimony.com Buyback Record Date
The Issue Period of Matrimony.com Buyback Record Date is 4 Jul 2022. This buyback share will open on Jul 26, 2022 and closing date is Aug 08, 2022. Matrimony.com Buyback Issue Type is Tender Offer. The business has also stated that the buyback will be done through a tender process.
Matrimony.com Buyback Price
The Issue Price of Matrimony.com Buyback price is Rs 1150 per share. This buyback share will list on BSE & NSE. matrimony.com face value is Rs 5. Matrimony.com surged 7.95% to Rs 832 after the company’s board fixed 4 July 2022 as the record date for the proposed share buyback. The maximum buyback price is a premium of 49.21% over the stock’s day-ago closing price of Rs. 770.70.
Matrimony.com Buyback Details
|Security Name||Matrimony.com Limited|
|Buyback Type||Tender Offer|
|Buyback Record Date||4 Jul 2022|
|Offer Opens On||Jul 26, 2022|
|Offer Closes On||Aug 08, 2022|
|Issue Size (Amount)||Rs 75 Crores|
|Issue Size (Shares)||0.07 Crores|
|Listing At||BSE, NSE|
|Buyback Price||Rs. 1150 per share|
|Face Value||Rs. 5 Per Equity Share|
About Matrimony.com Buyback
Matchmaking and marriage-related services are offered by Matrimony.com Limited. Through websites, mobile sites, mobile apps, and more than 120 retail locations, the business provides matchmaking and marriage-related services. With more than 3000 employees serving millions of active users, Matrimony.com is the flagship brand of BharatMatrimony. Through WeddingBazaar, Mandap.com, and Shaadi Saga, the business provides wedding services.
Matrimony.com had a sizable database of profiles as of March 31, 2015, consisting of 2.65 million active profiles (i.e., profiles that had been published or logged in at least once over the previous 180 days). This network effect encourages more users to register or subscribe while also increasing customer engagement. Matrimony.com has 568,000, 571,000, and 647,000 paid subscriptions in fiscal years 2013, 2014, and 2015, respectively, according to the Key Business Metrics Report.
According to a micro-market strategy, the business sets itself apart from other players in India by providing a variety of targeted and personalised goods and services that are made to meet the needs of customers based on their linguistic, religious, caste, and community preferences, as well as specialised matchmaking services like AssistedMatrimony and EliteMatrimony.
Marriage-related services like MatrimonyDirectory.com, which lists matrimonial-related directories, and MatrimonyPhotography.com, which offers wedding photography and videography services, have also been introduced by Matrimony.com. The business has also launched Tambulya.com, an online storefront run by its subsidiary, Tambulya Online Marketplace Private Limited, where customers may purchase gifts in bulk for weddings and other events.
There were 2.57 million free profiles and 647,000 paid subscriptions throughout its network of websites, mobile sites, and mobile apps in FY2015.
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