Matrimony.com Limited IPO – Company Profile, IPO Date, Price Band, Analysis
The Chennai based matrimony portals Matrimony.com Limited is planning to raise INR 501 Crore (INR 130 crore of Fresh Issue + INR 371 crore of OFS) via initial public offer (IPO).
Matrimony.com Limited – Company Profile
Incorporated in the year 2001, Matrimony.com is one of the oldest and leading matrimony portals of India. Matrimony.com is engaged in providing online matchmaking and marriage services. The company offers its services through Ithe Internet and mobile platforms in India and internationally.
Working Area
- The Chennai-based company operates in three segments; (1) matchmaking services, (2) marriage services and (3) related sale of products and other services.
- Matrimony is one of the first companies to provide online matchmaking services in India, having a database comprising 30.8 lac active profiles.
- 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.
- 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.
- As of June 30, 2017, the company had 140 retail centers distributed across India where customers can walk in and register on their websites. Its flagship brand, BharatMatrimony, has 15 language based domains under its umbrella.
Awards & Recognition
The company has received large numbers of awards and recognition in the recent past.
Company Promoter
Murugavel Janakiraman
IPO Opening / Closing Dates & Listing
IPO Details – Issue Price, Minimum Bid and Other
Financial Performance
Revenues
The Company shows steady revenue growth in recent years. Top-line has been increasing regularly for the last five years and jumped from INR 181.70 crore in FY 2013 to INR 292.03 crore for the period ended March 2017.
Profits
Though the company has shown steady growth in revenue, the company fails to register steady profit growth in those five years. Starting from INR 10.4 crore of profits in FY 2013, the company’s earnings improved to INR 43.8 crore in FY 2017.
CONCLUSION –
Considering company’s valuation, financial parameters and the segment in which it is operating, FinBlab is NEUTRAL on Matrimony.com Limited IPO.
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