Mach Conferences and Events Limited IPO
BSE SMEListed On: Sep 11, 2024 at ₹ 300.0
₹ 270000 /1200 Shares
*Min Investment
04 Sep, 2024
Open Date06 Sep, 2024
Close Date09 Sep, 2024
Allotment Date11 Sep, 2024
Listing DateMach Conferences and Events IPO Issue Details
- Issue Price ₹214-225 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 55,68,000 shares(aggregating up to ₹125.28 crore)
- Fresh Share 22,29,000 shares(aggregating up to ₹50.15 crore)
- Offer For Sale 33,39,000 shares(aggregating up to ₹75.13 crore)
- Listing at BSE SME
- List Price 300.0
- Listing Date 2024-09-11
- Lead Manager Beeline Capital Advisors Pvt Ltd
- Registrar Skyline Financial Services Private Ltd
Market Lot Size
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 600 | ₹1,35,000 |
| Retail(max) | 1 | 600 | ₹1,35,000 |
| NII (min) | 2 | 1,200 | ₹2,70,000 |
Mach Conferences and Events IPO Reservation
Mach Conferences and Events IPO offers total 55,68,000 shares. Out of which 10,53,600 (18.92%) allocated to QIB, 7,91,400 (14.21%) allocated to NII,18,45,000 (33.14%) allocated to RII, NA (NA%) allocated to employees and 15,78,000 (28.34%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 15,78,000 (28.34%) | |
| Market Maker Shares Offered | 3,00,000 (5.39%) | |
| QIB Shares Offered | 10,53,600 (18.92%) | |
| NII (HNI) Shares Offered | 7,91,400 (14.21%) | |
| Retail Shares Offered | 18,45,000 (33.14%) | |
| Total Shares Offered | 55,68,000 (100%) |
Mach Conferences and Events IPO Details
Mach Conferences and Events Limited IPO is an SME IPO, priced at ₹214-225 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 55,68,000 equity shares, aggregating up to ₹125.28 crores..
The IPO bidding window is open from Sep 4, 2024 to Sep 6, 2024. The allotment is expected to be finalized on Sep 9, 2024, and the tentative listing date is Sep 11, 2024.
The minimum lot size for retail investors is 600 shares, with a minimum investment of ₹1,35,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,70,000.
Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Spread X Securities Private Limited will act as the market maker for this issue.
Mach Conferences and Events IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,053,600 / 791,400 | 1,845,000 | 3,690,000 |
Day 1 04-09-24 06:00 PM | 3.52 / 7.85 x | 9.88 x | 7.63 x |
Day 2 05-09-24 06:00 PM | 4.05 / 21.85 x | 33.53 x | 22.61 x |
Day 3 04-09-24 06:00 PM | 146.66 / 403.68 x | 136.11 x | 196.51 x |
Mach Conferences and Events Valuations
Mach Conferences and Events Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 10,133.75 | 5,772.64 | 4,049.21 |
| Revenue | 23,898.58 | 14,193.89 | 2,383.88 |
| Profit After Tax | 2,618.29 | 880.76 | -260.63 |
| Net Worth | 4,956.72 | 2,238.47 | 1,357.71 |
| Reserves & Surplus | 3,075.91 | 2,233.47 | 1,352.71 |
| Total Borrowing | 1,233.08 | 988.53 | 509.69 |
About Mach Conferences and Events Company
Mach Conferences and Events Limited was established in 2004. It provides an extensive portfolio of tailored services to the MICE and events industry.
The company focuses on conference management, exhibition management, and international event planning. The company also caters to all the logistical aspects of events at a destination. These include venue selection, accommodation, transportation logistics, local activities, and on-site coordination.
The company's clients belong to the banking, finance, and insurance sectors. Besides, the company has worked for several industries such as hospitality, infrastructure, FMCG, etc. During the last financial years i.e. 2023-24, the company conducted 90 events including London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, Singapore, etc. The average revenue for doing such events in FY 2023-24 was Rs. 263.62 lakhs per event.
The company has co-working spaces in more than 18 states and union territories, including Delhi, Maharashtra, Kolkata, Assam, Tamil Nadu, Jammu & Kashmir, Himachal Pradesh, Goa, Rajasthan etc.
As of March 31, 2024, the company had 55 employees.
Mach Conferences and Events - Promoter(s)
Amit Bhatia
Laveena Bhatia
Pre Issue Share Holding : 95.97%
Post Issue Share Holding : 69.92%
Mach Conferences and Events IPO - Issue Objectives
To Meet Working Capital Requirements
General Corporate Purpose
Mach Conferences and Events IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Mach Conferences and Events Limited | N/A | 13.92 | 26.35 | N/A | 52.82 | 8.65 | Standalone |
| Exhicon Events Media Solutions Ltd | N/A | 4.87 | 56.85 | 69.28 | 8.56 | 6.02 | Standalone |
| Touchwood Entertainment Limited | N/A | 3.42 | 32.7 | 39.67 | 10 | 4.22 | Standalone |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on the NSE and BSE on March 28, 2024, divided by the Diluted EPS.
- Return on Net Worth (%) = Net profit after tax divided by the closing net worth.
- Net worth has been computed as the sum of share capital, reserves, and surplus.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares adjusted for bonus and sub-division of shares.
Contact Details
Mach Conferences and Events
Office No-4, 2nd/Floor, Master Space, Plot No-27, Kh/Mustatil No.-154, Killa No-19/2, Uggarsain Park Najafgarh Street No 2, Najafgarh, NewDelhi 110043
+91 120 4747000
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Mach Conferences and Events IPO - FAQs
Ans. Mach Conferences and Events Limited IPO is a SME IPO. The issue is priced at ₹214-225 per equity share. The minimum order quantity is 600 Shares. The IPO opens on Sep 4, 2024, and closes on Sep 6, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Mach Conferences and Events Limited IPO opens on Sep 4, 2024 and closes on Sep 6, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Mach Conferences and Events Limited IPO is 5,568,000 shares(aggregating up to ₹125.28 Cr).
Ans. The Mach Conferences and Events Limited IPO price band is set between ₹214-225 per equity share.
Ans. To apply for Mach Conferences and Events Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Mach Conferences and Events Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Mach Conferences and Events Limited IPO is Sep 9, 2024.
Ans. The Mach Conferences and Events Limited IPO will be listed on Sep 11, 2024.
Ans. Follow the steps to check the Mach Conferences and Events Limited IPO allotment status online.
