Matrimony Buyback Record Date is 25 October 2024.Â
Matrimony.com is one of India’s oldest and leading matrimony portals. Based in Chennai, the company operates in three segments: matchmaking services, marriage services, and the sale of related products and other services. Its websites include BharatMatrimony, Community Matrimony, Assisted Matrimony, and EliteMatrimony.
Matrimony.com has 20 offices across India, as well as offices in Dubai, Bangladesh, and the US. The company offers matchmaking services to people in India and the Indian diaspora through its websites, mobile sites, and mobile apps, supported by a strong network across India. Holding 60% of the market share in India, the company also operates more than 110 retail stores nationwide.
In March 2024, the company launched MeraLuv, an exclusive dating app designed for Indian Americans. The app takes into account the bicultural nuances of matchmaking within the Indian diaspora in the USA.
Matrimony Buyback Record Date, Other Details
| Matrimony Buyback Dates | 30 Oct – 6 Nov 2024 |
| Matrimony Buyback Price | INR 1,025 per share |
| Market Price on Buyback Approval | INR 804.05 per share |
| Buyback Premium on Market Price | 27.48% |
| Buyback Offer Size (Shares) | 7,02,439 shares |
| Buyback Offer Size (Amount) | INR 72 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 5 per share |
| Listing At | BSE, NSE |
Matrimony.com Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 2 September 2024 |
| Buyback Approval Date | 5 September 2024 |
| Public Announcement of Buyback | 17 October 2024 |
| Matrimony Buyback Record Date | 25 October 2024 |
| Buyback Opening Date | 30 October 2024 |
| Buyback Closing Date | 6 November 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 6 November 2024 |
| Verification Date by the Registrar | 7 November 2024 |
| Return of unaccepted shares by Registrar | 12 November 2024 |
| Extinguishment of accepted shares | 22 November 2024 |
Matrimony.com Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Matrimony Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 15/101 | 14.85 |
| General category (for all other Eligible Shareholders) | 15/253 | 5.93 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Matrimony.com Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 434.0 | 456.0 | 481.0 |
| Total Expenses | 348.0 | 388.0 | 409.0 |
| Net Income | 53.59 | 46.68 | 49.55 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 1,025 |
| Maximum shares for small shareholders (2,00,000/1,025) | 196 shares * |
| The closing price of the stock as of 5 September 2024 | INR 804.05** |
| Maximum amount invested in buyback (INR 804.05 x 196 shares) | INR 1,57,593.8 |
**Â For simplicity, we have considered the price on the buyback approval date
Matrimony Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 196 | 30 | 30 (100%) | 6,628.5 | 4.21 |
| 196 | 30 | 60 (200%) | 13,257.0 | 8.41 |
| 196 | 30 | 90 (300%) | 19,885.5 | 12.62 |
Registrar of Matrimony Buyback 2024
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Telephone:Â +91 40 6716 2222
Email:Â [email protected]
Website:Â www.kfintech.com
Manager of Matrimony Buyback 2024
MOTILAL OSWAL INVESTMENT ADVISORS LIMITED
Motilal Oswal Tower Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi Mumbai – 400 025
Telephone:Â +91 22 7193 4380
Email:Â [email protected]
Website:Â www.motilaloswalgroup.com
The Process to Participate in Matrimony Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
What are Matrimony.com buyback dates?
Matrimony.com buyback opens on 30 October 2024 and closes on 6 November 2024.
Which type of buyback is Matrimony.com buyback offer?
Matrimony buyback is a tender offer.
What is the Matrimony buyback price?
Matrimony share buyback price is INR 1,025 per share.
What is the Matrimony buyback record date?
Matrimony.com buyback record date is 25 October 2024.
How to participate in Matrimony share buyback?
Matrimony.com buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
