IPO: Matrimony.com Limited
Company & Business Profile
Incorporated on July 13, 2001, Matrimony.com Limited (“Matrimony”) is the leading provider of Online Matchmaking Services in India in terms of the average number of website pages viewed by unique visitors in March 2017.
Matrimony is one of the first companies to provide online matchmaking services in India. Matrimony has an early mover advantage among consumers seeking online matchmaking services. As of March 31, 2017, Matrimony had a large database of profiles comprising 3.03 million active profiles, which creates a network effect that attracts more users to register or subscribe through their websites, mobile sites and mobile apps.
Company’s business currently comprises two segments – (i) matchmaking services and (ii) marriage services and related sale of products.
Matrimony delivers matchmaking services to their users in India and the Indian diaspora through their websites, mobile sites and mobile apps complemented by their on-the-ground network in India. Company’s brand, BharatMatrimony.com, has been ranked as India‘s most trusted online matrimony brand by The Brand Trust Report India Study 2014 and their other matchmaking brands such as CommunityMatrimony.com and EliteMatrimony.com are well-established in India.
Objects of the Issue:
1. Advertising and business promotion activities.
2. Purchase of land for construction of office premises in Chennai.
3. Repayment of overdraft facilities.
4. General corporate purposes.
Listing:
The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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