In the financial year and quarter ended June , matchmaking services and marriage services accounted for all of its revenue and there was no revenue from the related sale of products. According to the comScore report, Matrimony. The company delivers matchmaking services to its users in India and the Indian diaspora through its websites, mobile sites and mobile apps complemented by their on-the-ground network in India. It runs online match-making business under several brands like BharatMatrimony, CommunityMatrimony. To provide matchmaking services to the Indian diaspora, the company has granted a non-exclusive, non-sub-licensable and nonassignable business license, of its certain brand names and domain names to wholly owned subsidiary, Consim USA that operates the NRI business in all territories outside India with effect from December 15, until December 14, About the Issue The public issue comprised of fresh issue up to Rs crore and an offer for sale of up to 37,67, equity shares. The offer also included a reservation of shares worth Rs 50 lakh for eligible employees. It already raised nearly Rs It will allot
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Sairaj Iyer Last Updated: Tue, Sep 12, Well, the high priests of the markets stockbrokers and analysts are chanting a loud Shubha Mangala, Saavdhaan! The chant is synonymous with most Indian weddings, more importantly Maharashtrian ones. Bharat Matrimony’s IPO has thrown up a mixed bunch of reactions. A few select analysts call this a great opportunity, but wait there are a few concerns too.
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Dating sites taiwan Ipo matchmaking – Matrimony. Know bharat matrimony ipo status, price, subscription and listing date. Matrimony IPO allotment status declared check status. Complete detail of tel.
Ankush Mehta – Founder & CEO. Ankush was born in northern India. He moved to the UK in while completing his MBA from Oxford Brookes University.
Advertising and business promotion activities. Purchase of land for construction of office premises in Chennai. Repayment of overdraft facilities. About The Company- The company operates in these matchmaking services, marriage services and related sale of products and other services. The company has also launched marriage services such as MatrimonyDirectory.
Awards won by the company:
Matrimony IPO Details
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Mon, Sep 11 Analysts are upbeat on the long-term prospects of Matrimony. The firm, which runs online match maker BharatMatrimony. Despite a recent track record of poor financials, brokerage firms gave a thumbs-up to its unique business, and expect the firm to strengthen an earnings recovery that started last fiscal. The firm returned to profitability in fiscal after three consecutive years of losses, according to its share-sale prospectus. It posted a consolidated net profit of Rs In the June quarter, too, it reported a profit of Rs However, at the end of June, it still reported a negative net worth of Rs Angel Broking, too, recommended investors to subscribe to the issue for medium to long term.
Analysts differed on whether they could compare Matrimony. The company intends to use the proceeds for advertising and business promotion activities, purchase of land for construction of office premises in Chennai, and repayment of overdraft facilities. It had filed its draft IPO papers in August but did not go ahead with the share sale.
IPO: ‘s IPO to hit Street on September 11
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