•A discount of Rs. 98 / Equity Share may be offered to Retail and Employee Reservation Portion.
•The IPO comprises of a fresh issue aggregating up to Rs 1,300 million by the Company and an offer for sale by certain existing shareholder.
•The offer for sale consists of up to 3,767,254 equity shares of face value of Rs. 5 each (“Equity Shares”).
•The minimum Bid lot is 15 Equity Shares and in multiples of 15 Equity Shares thereafter.
•The Floor Price is 196.60 times of the face value and the Cap Price is 197 times of the face value.
•Bid/Offer Opening Date – September 11, 2017 and Bid/Offer Closing Date –September 13, 2017.
Mumbai, 4th September, 2017 (GPN) : Matrimony.com Limited, a leading provider of online matchmaking services in India in terms of the average number of website pages viewed by unique visitorwill be launching its initial public offer (“IPO” or the “Offer”) which is scheduled to open on September 11, 2017 and close on September 13, 2017 with a price band of Rs. 983 – Rs. 985 per equity share of face value of Rs. 5 each of the Company. The Anchor Investor Bid/Offer Period shall be September 08, 2017, being one working day prior to the Offer Opening Date.
The Issue comprises of Fresh Issue up to Rs. 1,300 million (the “Fresh Issue”) and an Offer For Sale of up to 3,767,254 equity shares comprising offer for sale of up to 1,461,006 equity shares by Bessemer India Capital Holdings II Ltd, Offer For Sale of up to 155,760 equity shares by Mayfield XII , Mauritius aggregating, Offer for Sale of up to 1,683,207 equity shares by CMDB II, Offer for Sale of up to 384,447 equity shares by Murugavel Janakiraman(“Promoter Selling Shareholder”) and Offer for Sale of up to 82,834 equity shares by Indrani Janakiraman (a member of our promoter group) (collectively, the “selling shareholders”) (collectively the “offer for sale”). The offer includes a reservation of up to Rs. 5 million for eligible employees (defined hereinafter) (the “employee reservation portion”).
The Offer is being made pursuant to Rule 19(2)(b)(ii) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”). The Offer is being made through the Book Building Process in accordance with Regulation 26(2) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI Regulations”), wherein at least 75% of the Net Offer shall be Allotted on a proportionate basis to Qualified Institutional Buyers (“QIBs”), provided that our Company and the Selling Shareholders in consultation with the BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis, out of which at least one-third will be reserved for domestic Mutual Funds subject to valid bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under- subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion (defined hereinafter). The number of Equity Shares representing 5% of the Net QIB Portion (other than Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only.
The remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received from them at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. If at least 75% of the Net Offer cannot be Allotted to QIBs, all the application monies will be refunded forthwith.
Further, not more than 15% of the Net Offer shall be available for allocation on a proportionate basis to Non Institutional Bidders and not more than 10% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI Regulations, subject to valid Bids being received from them at or above the Offer Price and such that, subject to availability of Equity Shares, each Retail Individual Bidder shall be Allotted not less than the minimum Bid Lot, and the remaining Equity Shares, if available, shall be Allotted to all Retail Individual Bidders on a proportionate basis.
All potential investors, other than Anchor Investors, are required to participate through the Applications Supported by Blocked Amount (“ASBA”) process by providing the details of their respective bank accounts in which the corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”). For details, see “Offer Procedure” at page 407.
The Net Proceeds from the fresh issue component of the Offer will be utilised towards (i) Advertising and business promotion activities; (ii) Purchase of land for construction of office premises in Chennai; (iii) Repayment of our overdraft facilities; and (iv) General corporate purposes.
Axis Capital Limited and ICICI Securities Limited the Book Running Lead Managers (“BRLMs”) to the Offer. The Registrar to the Offer is Karvy Computershare Private Limited.
The Equity Shares of Matrimony.com Limited are proposed to be listed on the BSE Limited and National Stock Exchange of India Limited.ENDS
Link to RHP: http://bit.ly/2iP4goC