Mach Conferences and Events IPO opens on September 4, 2024, and closes on September 6, 2024. This Book Built Issue aims to raise approximately ₹125.28 crores, with a fresh issue of ₹50.15 crores and an offer for sale of up to 3,339,000 shares at ₹10 each. The price band is set at ₹214 to ₹225 per share, with a retail quota of 35%, QIB 50%, and HNI 15%.
Table of contents
- Mach Conferences and Events IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- Objective of the Issue
- Company Promoters
- Mach Conferences and Events IPO GMP (Grey Market Premium)
- Mach Conferences and Events IPO Application Form PDF
- Mach Conferences and Events IPO Subscription Status
- Mach Conferences and Events IPO Allotment Status
- IPO Review
- Mach Conferences and Events IPO Registrar
- Mach Conferences and Events IPO Lead Manager
- Mach Conferences and Events Limited Contact
- FAQs
Mach Conferences and Events IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Mach Conferences and Events Limited |
| Industry | MICE |
| IPO Issue Type | Book Built Issue |
| Open Date | September 4, 2024 |
| Close Date | September 6, 2024 |
| Total Issue Size | ₹125.28 Crores (5,568,000 Equity Shares) |
| Face Value | ₹10 per share |
| Fresh Issue | ₹50.15 Crores (2,229,000 Equity Shares) |
| Price Band | ₹214 to ₹225 per share |
| Listing on | BSE SME |
| Lot Size | 600 Shares |
| Offer for Sale | ₹ 75.13 Crores (3,339,000 Equity Shares) |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Mach Conferences and Events is a leading player in the MICE (Meetings, Incentives, Conferences, and Exhibitions) industry, offering comprehensive services for organizing and managing events globally. Founded in 2004, the company boasts over 20 years of experience and holds certifications from IATA, ADTOI, IATO, and PATA.
Specifically, the company specializes in conference and exhibition management while handling all logistical aspects such as venue selection, accommodation, transportation, and on-site coordination. Over the past three years, they have conducted more than 300 events for over 30 elite brands across various industries including Banking, Finance, Insurance, Hospitality, Infrastructure, and FMCG.
Moreover, in FY 2023-24, Mach Conferences and Events organized 90 events in diverse locations such as London, Paris, and Singapore, with an average revenue of ₹263.62 lakhs per event. Additionally, they operate co-working spaces in over 18 states and union territories, including Delhi, Maharashtra, and Tamil Nadu, and employ a team of 55 dedicated professionals.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 4, 2024 |
| IPO Close Date | September 6, 2024 |
| Basis of Allotment | September 9, 2024 |
| Refunds | September 10, 2024 |
| Credit to Demat Account | September 10, 2024 |
| IPO Listing Date | September 11, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹101.33 | ₹57.72 | ₹40.49 |
| Revenue | ₹238.98 | ₹141.93 | ₹23.83 |
| Profit After Tax | ₹26.18 | ₹8.80 | ₹(2.60) |
| Net Worth | ₹49.56 | ₹22.38 | ₹13.57 |
| Reserves and Surplus | ₹30.75 | ₹22.33 | ₹13.52 |
| Total Borrowing | ₹12.33 | ₹9.88 | ₹5.09 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,000 |
| Retail (Max) | 2 | 600 | ₹135,000 |
| HNI (Min) | 3 | 1200 | ₹270,000 |
Objective of the Issue
- To address working capital requirements
- Additionally, for general corporate purposes
Company Promoters
- Mr. Amit Bhatia
- Mrs. Laveena Bhatia
Mach Conferences and Events IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Mach Conferences and Events IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Mach Conferences and Events Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Mach Conferences and Events IPO Application Form PDF
To download the Mach Conferences and Events IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Mach Conferences and Events IPO Subscription Status
This IPO subscription kicks off on September 4, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Mach Conferences and Events IPO Allotment Status
To check the Mach Conferences and Events IPO allotment status go to the IPO registrar website Skyline Service or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- We provide a comprehensive end-to-end solution, covering all aspects effectively.
- Additionally, we focus on nurturing long-term relationships with our customers to build lasting partnerships.
- Moreover, we have a proven track record of successful project execution.
- Furthermore, we have established strong relationships with hospitality and event partners.
- Finally, our experienced promoters and management team bring extensive industry knowledge and expertise.
Risks:
- Our registered and corporate offices are not owned by us, and we have co-working spaces in various states to benefit from input tax credits.
- Additionally, unpredictable events such as pandemics or other restrictions could negatively impact our business operations.
- Moreover, outstanding litigation could adversely affect our reputation and results, while reliance on a few key customers and significant working capital needs pose financial risks.
- Finally, our total debt of ₹1233.08 lakhs, if not managed properly, and past financial losses, could further impact our business and financial condition.
Mach Conferences and Events IPO Registrar
SKYLINE FINANCIAL SERVICES PVT. LTD
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91- 11-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Mach Conferences and Events IPO Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat
Phone: 079 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com
Mach Conferences and Events Limited Contact
MACH CONFERENCES AND EVENTS LIMITED
C-127 2nd Floor, Sector 2, Gautam Buddha Nagar,
Noida, Uttar Pradesh, India, 201301
Phone: +91 120 4747000
E-mail: compliance@machconferences.com
Website: www.machconferences.com
FAQs
The IPO is set to open on September 4, 2024, and will close on September 6, 2024.
Specifically, the lot size is 600 shares, and the minimum investment required is ₹1,35,000.
In addition, the offer size is ₹125.28 crores.
Consequently, the basis of allotment will be finalized on September 9, 2024, with shares credited to demat accounts by September 10, 2024.
Moreover, the price band ranges from ₹214 to ₹225 per share.
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