Party Cruisers Limited IPO
BSE SMEListed On: Mar 5, 2021 at ₹ 54.0
₹ 204000 /4000 Shares
*Min Investment
22 Feb, 2021
Open Date25 Feb, 2021
Close Date02 Mar, 2021
Allotment Date05 Mar, 2021
Listing DateIPO Issue Details
- Issue Price 51/- Per Equity Share
- Face Value ₹10 Per Equity Share
- Issue Price 1,520,000 Eq Shares of ₹10 (aggregating up to ₹7.75 Cr)
- Listing at BSE SME
- List Price 54.0
- Listing Date 2021-03-05
- Lead Manager First Overseas Capital Limited
- Registrar KFintech Private Limited
IPO Details
- Retail Portion N/A
IPO Details
Party Cruisers Limited IPO is an SME IPO, priced at 51/- 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 bidding window is open from Feb 22, 2021 to Feb 25, 2021. The allotment is expected to be finalized on Mar 2, 2021, and the tentative listing date is Mar 5, 2021.
The registrar of the IPO is KFintech Private Limited, and
IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 7,22,000 | 7,22,000 | 14,44,000 |
Day 1 22-02-21 05:00 PM | 0.01 x | 0.19 x | 0.1 x |
Day 2 23-02-21 05:00 PM | 0.14 x | 0.68 x | 0.41 x |
Day 3 24-02-21 05:00 PM | 0.25 x | 1.25 x | 0.75 x |
Day 4 25-02-21 05:00 PM | 0.34 x | 2.26 x | 1.3 x |
Valuations
Company Financials
| 30-Sept-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
|---|---|---|---|---|
| Assets | 11.69 | 12.27 | 11.94 | 10.14 |
| Revenue | 1.71 | 15.88 | 18.88 | 15.35 |
| Profit After Tax | 0.14 | 1.30 | 1.93 | 1.47 |
About Company
Party Cruisers Limited is specialized in wedding management and event management activities. The company offers a range of event activities from pre-wedding to during wedding and post-wedding activities such as in-house designing, destination wedding decor, etc.
From the initial conception (i.e. pre-event publicity, venue search, booking, transportation) to turnkey production (on-site management, staffing, entertainment, set-up, and designing) and post-event facilities (final material distribution, post-event report, attendance assessment) everything is managed by Party Cruisers to provide an AESTHETIC ambiance and luxury wedding experience to customers. It has two registered brands naming "Vivaah" and "Vows-Away and Beyond" to offer professional wedding services whereas event management facilities are provided under its own-brand "Event Factory" and through franchisee. It also has a brand "Live Space" that specializes in the venue and set construction, designing as well as consulting facilities for weddings.
The company generates 75% of the revenues from wedding management activities and the rest is contributed by event management activities.
- Promoter(s)
Mr. Zuzer Hatim Lucknowala
Mrs. Rachana Zuzer Lucknowala
Pre Issue Share Holding : 94.30%
Post Issue Share Holding : 68.71%
IPO - Issue Objectives
To expand business through strategic investment.
To meet additional working capital requirement.
To meet general corporate purposes.
To meet issue expenditures.
IPO - FAQs
Ans. Party Cruisers Limited IPO is a SME IPO. The issue is priced at 51/- Per Equity Share . The minimum order quantity is 2000 Shares. The IPO opens on Feb 22, 2021, and closes on Feb 25, 2021. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Party Cruisers Limited IPO opens on Feb 22, 2021 and closes on Feb 25, 2021.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Party Cruisers Limited IPO is 1,520,000 Eq Shares of ₹10 (aggregating up to ₹7.75 Cr).
Ans. The Party Cruisers Limited IPO price band is set between 51/- Per Equity Share .
Ans. To apply for Party Cruisers Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Party Cruisers 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 Party Cruisers Limited IPO is Mar 2, 2021.
Ans. The Party Cruisers Limited IPO will be listed on Mar 5, 2021.
Ans. Follow the steps to check the Party Cruisers Limited IPO allotment status online.
