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Mach Conferences and Events IPO

Open Sme
BSE 04 September - 06 September 2024
Mach Conferences and Events Limited IPO is a book build issue of 125.28 Cr. The issue is a combination of fresh issue of 2229000 shares aggregating to 50.15 Cr and offer for sale of 3339000 shares aggregating to 75.13 Cr. Mach Conferences and Events Limited IPO opened for subscription on Sep 04, 2024 and closed on Sep 06, 2024. The allotment for the this IPO was finalized on Sep 09, 2024. IPO was listed on NSE and BSE on Sep 11, 2024. Mach Conferences and Events Limited IPO is set issue price band at ₹214 to ₹225 per share.

Current GMP

₹0 (0.00%)

Price Band

₹ 214 – 225

Lot Size

600

Issue Size

₹125.28 Cr

Minimum Investment

₹270000 (1200 Shares)

Listing Date

11 September 2024

Subscription

-

About the Company

Mach Conferences and Events Limited, founded in 2004, offers a wide range of tailored services for events like meetings, conferences, exhibitions, and incentives. They handle everything from managing conferences and exhibitions to planning global events, including organizing venues, accommodations, transport, local activities, and on-site coordination.

Their main clients are from banking, finance, and insurance sectors, but they also serve industries like hospitality, infrastructure, and FMCG. In the 2023-24 financial year, they managed 90 events in locations such as London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, and Singapore, averaging revenue of Rs. 263.62 lakhs per event.

The company operates co-working spaces across more than 18 states and union territories, including Delhi, Maharashtra, Kolkata, Assam, Tamil Nadu, Jammu & Kashmir, Himachal Pradesh, Goa, and Rajasthan. As of 31 March 2024, they had a team of 55 employees.

Peers

● Exhicon Events Media Solutions Ltd
 ● Touchwood Entertainment Ltd

Promoters

The promoters of the company are 

Amit Bhatia
Laveena Bhatia

Promoters Holding

Holding Pre Issue

95.97%

Holding Post Issue

69.92%

Objects of the Issue

The Net Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. To Meet Working Capital Requirements
  2. General Corporate Purpose

Address / Contact Info

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

IPO Snapshot

Face Value₹10 per share
Price Band₹ 214 – 225
Lot Size600
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 50.15 Cr
Offer for Sale₹ 75.13 Cr
Total Issue Size₹ 125.28 Cr
Listing AtBSE
Industry
Sector
QIB Quota18.92%
Retail Quota33.14%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Mach Conferences and Events IPO is a Book-building IPO worth ₹125.28 crores. The price band is ₹214 to 225 per share. The IPO opens on Wed, Sep 4, 2024 and closes on Fri, Sep 6, 2024. It will be listed on BSE and NSE. Skyline Financial Services Private Ltd is the registrar.

The Mach Conferences and Events IPO opens on Wed, Sep 4, 2024 and closes on Fri, Sep 6, 2024

Mach Conferences and Events IPO Price Band is ₹214 to 225.

Mach Conferences and Events IPO lot size is 600, and the minimum amount required for application is ₹270000.

The minimum investment for Mach Conferences and Events IPO is approximately ₹270000 based on the upper price band.

To apply for the Mach Conferences and Events IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Sep 6, 2024. After submission, funds are blocked until the basis of allotment of Mach Conferences and Events IPO is finalised.

Mach Conferences and Events IPO issue size is ₹125.28 crores.

Mach Conferences and Events IPO allotment date is Sat, Jun 27, 2026.

The registrar for Mach Conferences and Events IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website for IPO allotment status, refund processing, and other queries related to Mach Conferences and Events IPO through their official website or helpline.

The Mach Conferences and Events IPO GMP (Grey Market Premium) is ₹0 as of Wed, Sep 11, 2024. Based on the upper price band of ₹225 per share, the estimated Mach Conferences and Events IPO listing price is ₹225, indicating a potential listing gain of approximately 31% over the issue price.