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Mach Conferences and Events IPO is a book built issue of Rs 125.28 crores. The issue is a combination of fresh issue of 22.29 lakh shares aggregating to Rs 50.15 crores and offer for sale of 33.39 lakh shares aggregating to Rs 75.13 crores.
Mach Conferences and Events IPO opens for subscription on September 4, 2024 and closes on September 6, 2024. The allotment for the Mach Conferences and Events IPO is expected to be finalized on Monday, September 9, 2024. Mach Conferences and Events IPO will list on BSE SME with tentative listing date fixed as Wednesday, September 11, 2024.
Mach Conferences and Events IPO price band is set at ₹214 to ₹225 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹270,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Mach Conferences and Events IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Mach Conferences and Events IPO is Spread X Securities.
Refer to Mach Conferences and Events IPO RHP for detailed information.
| IPO Date | September 4, 2024 to September 6, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹214 to ₹225 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 5,568,000 shares (aggregating up to ₹125.28 Cr) |
| Fresh Issue | 2,229,000 shares (aggregating up to ₹50.15 Cr) |
| Offer for Sale | 3,339,000 shares of ₹10 (aggregating up to ₹75.13 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 18,808,100 |
| Share holding post issue | 21,037,100 |
| Market Maker portion | 300,000 shares Spread X Securities |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Mach Conferences and Events IPO raises Rs 35.51 crore from anchor investors. Mach Conferences and Events IPO Anchor bid date is September 3, 2024.
| Bid Date | September 3, 2024 |
| Shares Offered | 1,578,000 |
| Anchor Portion Size (In Cr.) | 35.51 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 9, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 8, 2024 |
Mach Conferences and Events IPO opens on September 4, 2024, and closes on September 6, 2024.
| IPO Open Date | Wednesday, September 4, 2024 |
| IPO Close Date | Friday, September 6, 2024 |
| Basis of Allotment | Monday, September 9, 2024 |
| Initiation of Refunds | Tuesday, September 10, 2024 |
| Credit of Shares to Demat | Tuesday, September 10, 2024 |
| Listing Date | Wednesday, September 11, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 6, 2024 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The below 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 | ₹135,000 |
| Retail (Max) | 1 | 600 | ₹135,000 |
| HNI (Min) | 2 | 1,200 | ₹270,000 |
| Lot Size Calculator | |||
Amit Bhatia and Laveena Bhatia are the company promoters.
| Share Holding Pre Issue | 95.97% |
| Share Holding Post Issue | 69.92% |
Mach Conferences and Events Limited was founded in 2004 and offers a comprehensive range of customized services for the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector.
The company specializes in conference management, exhibition management and global event planning. The company also takes care of all logistical aspects of events at specific destinations. This includes venue selection, accommodation, transportation logistics, local activities and on-site coordination.
The company's clients come from the banking, finance, and insurance sectors. The company has also worked for various industries including hospitality, infrastructure, FMCG, etc. In the last financial years i.e. 2023-24, the company has conducted 90 events including London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, Singapore, etc. The average revenue for conducting such events in FY 2023-24 was Rs. 263.62 lakhs per event.
The company is present with 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 a total of 55 employees.
Mach Conferences and Events Limited's revenue increased by 68% and profit after tax (PAT) rose by 197% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| 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 and Surplus | 3,075.91 | 2,233.47 | 1,352.71 | |||||||||||||||||||||||||||
| Total Borrowing | 1,233.08 | 988.53 | 509.69 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The market capitalization of Mach Conferences and Events IPO is Rs 473.33 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 72.78% |
| ROCE | 57.57% |
| RoNW | 52.82% |
| P/BV | 8.54 |
| PAT Margin (%) | 11.04 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.92 | 12.45 |
| P/E (x) | 16.16 | 18.08 |
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] Over the years, the company has created a niche place in MICE related tailor-made services. It marked a setback for FY22 following the pandemic. It regained its place from FY23 and has posted good numbers for FY24 indicating prospects ahead. Based on FY24 earnings, the issue appears fully priced. With the rising volumes and preferences of tourism and event related activities, this company is poised for good business. Investors may park funds for medium to long term. Read detail review...
Mach Conferences and Events Limited
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
Phone: +91 120 4747000
Email: compliance@machconferences.com
Website: http://www.machconferences.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Mach Conferences and Events IPO is a SME IPO of 5,568,000 equity shares of the face value of ₹10 aggregating up to ₹125.28 Crores. The issue is priced at ₹214 to ₹225 per share. The minimum order quantity is 600 Shares.
The IPO opens on September 4, 2024, and closes on September 6, 2024.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Mach Conferences and Events IPO using UPI as a payment gateway. Zerodha customers can apply in Mach Conferences and Events IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mach Conferences and Events IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mach Conferences and Events IPO opens on September 4, 2024 and closes on September 6, 2024.
Mach Conferences and Events IPO lot size is 600 Shares, and the minimum amount required is ₹135,000.
You can apply in Mach Conferences and Events IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Mach Conferences and Events IPO will be done on Monday, September 9, 2024, and the allotted shares will be credited to your demat account by Tuesday, September 10, 2024. Check the Mach Conferences and Events IPO allotment status.
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