Party Cruisers Limited IPO

BSE SME

Listed On: Mar 5, 2021 at ₹ 54.0

₹ 102000 /2000 Shares

Check Allotment

IPO Details

22 Feb, 2021

Open Date

25 Feb, 2021

Close Date

02 Mar, 2021

Allotment Date

05 Mar, 2021

Listing Date

Issue Price

51/- Per Equity Share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

KFintech Private Limited

List Price

54.0

Listing Date

2021-03-05

Market Lot

2000 Shares (₹102,000/-)

Lead Manager

First Overseas Capital Limited

Issue Size

1,520,000 Eq Shares of ₹10 (aggregating up to ₹7.75 Cr)

Retail Portion

N/A

Subscription

1.3 times

IPO Docs

DRHP RHP

IPO Subscription 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

Earnings Per Share (EPS)

₹1.79/-

P/E Ratio

28.56

RoNW

10.81%

Net Asset Value (NAV) - Post Issue

₹30.76/-

Company Financials All values are in ₹ Cr.

	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 The 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)

Pre Issue Share Holding: 94.30%

Post Issue Share Holding: 68.71%

Company Promoter(s)

Mr. Zuzer Hatim Lucknowala
Mrs. Rachana Zuzer Lucknowala

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. The size of Party Cruisers Limited IPO is 1,520,000 Eq Shares of ₹10 (aggregating up to ₹7.75 Cr).

Ans. The IPO price band is set between 51/- Per Equity Share .

Ans. To apply for Party Cruisers Limited IPO 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 allotment status for Party Cruisers Limited IPO here.