Mach Conferences and Events Limited IPO
BSE SMEListed On: Sep 11, 2024 at ₹ 300.0
₹ 135000 /600 Shares
Check Allotment04 Sep, 2024
Open Date06 Sep, 2024
Close Date09 Sep, 2024
Allotment Date11 Sep, 2024
Listing DateIssue Price
₹214-225 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Skyline Financial Services Private LtdList Price
300.0Listing Date
2024-09-11Market Lot
600 Shares (₹135,000/-)Lead Manager
Beeline Capital Advisors Pvt LtdIssue Size
5,568,000 shares(aggregating up to ₹125.28 Cr)Retail Portion
35%Subscription
196.51 times
The IPO of Mach Conferences and Events is priced at ₹214-225 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on BSE SME. Skyline Financial Services Private Ltd is the registrar of the issue.
Mach Conferences and Events IPO bid opening date is from Sep 4, 2024 and the bid closing date was Sep 6, 2024.
Mach Conferences and Events IPO allotment result will be available on Sep 9, 2024. The tentative listing date for Mach Conferences and Events is Sep 11, 2024.
The total issue size is 5,568,000 shares(aggregating up to ₹125.28 Cr).
Mach Conferences and Events IPO Subscription 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
EPS Pre IPO
₹13.92/-EPS Post IPO
₹12.45/-P/E Pre IPO
16.16P/E Post IPO
18.08ROE
72.78%ROCE
57.57%RoNW
52.82%PAT Margin
11.04Price to Book Value
8.54Mach Conferences and Events Company Financials All values are in ₹ Lakh
| 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 The 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)
Pre Issue Share Holding: 95.97%
Post Issue Share Holding: 69.92%
- Amit Bhatia
- Laveena Bhatia
Mach Conferences and Events IPO - Issue Objectives
- To Meet Working Capital Requirements
- General Corporate Purpose
Other 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 110043Skyline Financial Services Private Ltd
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. The size of Mach Conferences and Events Limited IPO is 5,568,000 shares(aggregating up to ₹125.28 Cr).
Ans. The IPO price band is set between ₹214-225 per equity share.
Ans. To apply for Mach Conferences and Events Limited IPO 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 allotment status for Mach Conferences and Events Limited IPO here.
