Mach Conferences and Events Limited
Corporate Identity Numbers: U74110DL2004PLC126130
Mach Conferences and Events Limited IPO is a book-built issue of Rs 125.28 crores. The issue combines a fresh issue of 22.29 Lakh Shares in exchange for Rs 50.15 crore and another offer of sale of 33.39 lakh shares aggregating Rs. 75.13 crore.
Mach Conferences and Events Limited IPO will be open to apply on September 4, 2024, and it will be closed on September 6, 2024, at 5:00 PM. The allotment of the Mach Conferences and Events Limited IPO (Initial public offering) is expected to be finalized on Monday, September 9, 2024. Mach Conferences and Events Limited IPO will be listed on the NSE SME Segment with the subject (to) listing date fixed as Wednesday, September 11, 2024. Refund for not-allotment is on Tuesday, September 10, 2024.
Mach Conferences and Events Limited’s price is set between ₹214 to ₹225 per share. The minimum lot size for retail investors is 600 Shares and the minimum amount is ₹135,000. The minimum lot size in HNI is 2 lots(1200 Shares) and the amount is about ₹270,000.
For more detailed information about Mach Conferences and Events Limited IPO, Read RHP.
Mach Conferences and Events IPO Details
| 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 |
Mach Conferences and Events IPO Time Table (Subject (to) Schedule)
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 |
Mach Conferences and Events IPO Lot Size
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 |
Mach Conferences and Events IPO Reservation
Mach Conferences and Events IPO offers 55,68,000 shares. 10,53,600 (18.92%) to QIB, 7,91,400 (14.21%) to NII, 18,45,000 (33.14%) to RII and 15,78,000 (28.34%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 15,78,000 (28.34%) |
| Market Maker Shares Offered | 3,00,000 (5.39%) |
| QIB Shares Offered | 10,53,600 (18.92%) |
| NII (HNI) Shares Offered | 7,91,400 (14.21%) |
| Retail Shares Offered | 18,45,000 (33.14%) |
| Total Shares Offered | 55,68,000 (100%) |
Mach Conferences and Events IPO Promoter Holding
Mach Conferences and Events Limited’s Promoters list:
- Amit Bhatia
- Laveena Bhatia
| Share Holding Pre Issue | 95.97% |
| Share Holding Post Issue | 69.92% |
Mach Conferences and Events IPO Anchor Investors Details
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. Mach Conferences and Events IPO Anchor Investors list
| 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 |
About Mach Conferences and Events Limited
Mach Conferences and Events Limited was established in 2004 and the Company offers a wide range of services for the MICE and Event Sector. Here MICE stands for Meetings, Incentives, Conferences, and Exhibitions.
The company is famous for event management like conference management, exhibition management, and global event planning. The company will take care of all the efforts to handle the event venue selection, accommodation, transportation logistics, local activities, and on-site coordination.
The company has a large number of clients from the banking sector, finance, and insurance sectors. The company is working for various industries including hospitality, infrastructure, FMCG, etc. In The last financial year 2023-24 company almost organized more than 90 events in London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, Singapore, etc. The company’s revenue from this event is approx Rs 263.62 Lakhs per event in the year FY 2323-24.
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.
On March 31, 2024, the company had a total of 55 employees.
Mach Conferences and Events Limited Financial Information (Restated Standalone)
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 | ||||||||||||||||||||||||||||||
Key Performance Indicator
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 |
Objects of the Issue (Mach Conferences and Events IPO Objectives)
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- General Corporate Purpose
Mach Conferences and Events IPO Subscription Status (Bidding Detail)
The Mach Conferences and Events IPO is subscribed 12.23 times on September 5, 2024, 12:03:07 PM (Day 2). The public issue subscribed 17.74 times in the retail category, 3.52 times in the QIB category, and 10.98 times in the NII category
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.52 | 10,53,600 | 37,13,400 |
| NII* | 10.98 | 7,91,400 | 86,92,200 |
| Retail | 17.74 | 18,45,000 | 3,27,27,000 |
| Total | 12.23 | 36,90,000 | 4,51,32,600 |
Mach Conferences and Events IPO Prospectus
Mach Conferences and Events Limited Contact Details
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/
Mach Conferences and Events IPO Registrar
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Mach Conferences and Events IPO – Buy or Not
Mach Conferences and Events IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 1 | 0 | 0 |
| Members | 0 | 0 | 0 |
Mach Conferences and Events Day-wise IPO GMP Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 05-09-2024 | 225.00 | ₹220  |
100300 | ₹445 (97.78%) | 5-Sep-2024 10:32 |
| 04-09-2024 Open | 225.00 | ₹220  |
100300 | ₹445 (97.78%) | 4-Sep-2024 23:29 |
| 03-09-2024 | 225.00 | ₹200 |
91200 | ₹425 (88.89%) | 3-Sep-2024 23:23 |
| 02-09-2024 | 225.00 | ₹200 |
91200 | ₹425 (88.89%) | 2-Sep-2024 23:32 |
| 01-09-2024 | 225.00 | ₹200 |
91200 | ₹425 (88.89%) | 1-Sep-2024 23:26 |
| 31-08-2024 | 225.00 | ₹190 |
86600 | ₹415 (84.44%) | 31-Aug-2024 23:32 |
| 30-08-2024 | 225.00 | ₹100 |
45600 | ₹325 (44.44%) | 30-Aug-2024 23:25 |
| 29-08-2024 | 225.00 | ₹0 |
— | ₹225 (0%) | 29-Aug-2024 23:28 |
IPO grey market premium (GMP)
