Mach Conferences and Events IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Wed, 04 Sep 2024
Close Date
Fri, 06 Sep 2024
Price Band
₹ 214 – 225
Lot Size
600
Issue Size
₹ 125.28 Cr
Minimum Investment
₹ 270,000 (1200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Mach Conferences and Events IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹125.28 Crore, comprising a fresh issue of 22.29 Lakh equity shares aggregating to ₹50.15 Crore and an offer for sale (OFS) of 33.39 Lakh equity shares aggregating to ₹75.13 Crore by the existing shareholders.
The Mach Conferences and Events IPO remained open for subscription from September 04, 2024, to September 06, 2024. The basis of allotment was finalized on September 09, 2024, and the company's shares were listed on BSE SME Platform on September 11, 2024.
The company had fixed the price band at ₹214 to ₹225 per share, with a lot size of 600 shares. Retail investors were required to make a minimum investment of ₹270,000 (based on the upper price band) to apply for one lot.
Skyline Financial Services Private Ltd served as the registrar to the issue. Beeline Capital Advisors Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Mach Conferences and Events Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Mach Conferences and Events IPO Timeline (Tentative)
- IPO Open Date
- Wed, 04 Sep 24
- IPO Close Date
- Fri, 06 Sep 24
- Basis of Allotment
- Mon, 09 Sep 24
- Initiation of Refunds
- Tue, 10 Sep 24
- Credit of Shares to Demat
- Tue, 10 Sep 24
- Listing Date
- Wed, 11 Sep 24 — NSE & BSE
Open Date
04 September 2024
Close Date
06 September 2024
Basis Of Allotment
09 September 2024
Listing Date
11 September 2024
IPO Subscription
Check Live Subscription →The Mach Conferences and Events IPO has received bids for 72,58,20,000 shares against 36,90,000 shares offered, resulting in an overall subscription of 196.7x. the NII category is subscribed 403.69x, Retail Investors 136.49x, and QIBs 146.66x.
QIB
146.66x
NII
403.69x
RII
136.49x
Total
196.7x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 18,45,000 shares, representing 33.14% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 10,53,600 shares (18.92%), while Non-Institutional Investors (NIIs) receive 7,91,400 shares (14.21%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,578,000 | 28.34% |
| Market Maker | 300,000 | 5.39% |
| Qualified Institutions | 1,053,600 | 18.92% |
| Non-Institutional | 791,400 | 14.21% |
| Retail Investors | 1,845,000 | 33.14% |
| Total | 5,568,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 10133.75 | 5772.64 | 4049.21 |
| Revenue | 23898.58 | 14193.89 | 2383.88 |
| Profit After Tax | 2618.29 | 880.76 | -260.63 |
| Net Worth | 4956.72 | 2238.47 | 1357.71 |
| Reserve & Surplus | 3075.91 | 2233.47 | 1352.71 |
| Total Borrowings | 1233.08 | 988.53 | 509.69 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Mach Conferences and Events Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 72.78 |
| ROCE % | 57.57 |
| RoNW % | 52.82 |
| PbW | 8.54 |
| Pat Margin % | 11.04 |
Peers Comparison
No Peer Comparision Available
About Mach Conferences and Events Limited
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
Mach Conferences and Events IPO Promoters
The promoters of the company are
Amit Bhatia
Laveena Bhatia
Promoters Holding
Holding Pre Issue
95.97%
Holding Post Issue
69.92%
Mach Conferences and Events IPO Objective
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 Limited Address / 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
IPO Snapshot
Mach Conferences and Events IPO Lot Size
The Mach Conferences and Events IPO has a lot size of 600 shares. Retail investors require a minimum investment of ₹1,35,000 by applying for 1 lot (600 shares). The maximum application allowed for the retail category is 1 lots (600 shares), requiring an investment of ₹1,35,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | 135,000.00 |
| Retail (Max) | 1 | 600 | 135,000.00 |
| S-HNI (Min) | 2 | 1,200 | 270,000.00 |
Issue Reservation
- Anchor Investors — 28.34%
- Market Maker — 5.39%
- QIB — 18.92%
- NII — 14.21%
- RII — 33.14%
Mach Conferences and Events IPO Registrar
Skyline Financial Services Private Ltd
Check Allotment StatusBook Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Mach Conferences and Events IPO?
Mach Conferences and Events IPO is a Book-building IPO with a total issue size of ₹125.28 crore. The Mach Conferences and Events IPO price band is ₹214 to 225 per share. The Mach Conferences and Events IPO subscription opens on Wed, Sep 4, 2024, and closes on Fri, Sep 6, 2024. The Mach Conferences and Events IPO will be listed on the BSE. Skyline Financial Services Private Ltd is the registrar for the Mach Conferences and Events IPO.
When will the Mach Conferences and Events IPO open for subscription?
The Mach Conferences and Events IPO opens on Wed, Sep 4, 2024 and closes on Fri, Sep 6, 2024
What is Mach Conferences and Events IPO Price Band?
Mach Conferences and Events IPO Price Band is ₹214 to 225 per share.
What is Mach Conferences and Events IPO Lot Size?
Mach Conferences and Events IPO lot size is 600 shares, Retail investors need a minimum investment of ₹270000 based on the upper price band
What is the minimum investment for Mach Conferences and Events IPO?
The minimum investment for Mach Conferences and Events IPO is ₹270000, based on one lot of 600 shares at the upper price band of ₹225 per share.
How to apply for Mach Conferences and Events IPO?
Investors can apply for the Mach Conferences and Events IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 6, 2024. The application amount remains blocked until the Mach Conferences and Events IPO allotment is finalized.
What is Mach Conferences and Events IPO Issue Size?
Mach Conferences and Events IPO issue size is ₹125.28 crores.
What is the Mach Conferences and Events IPO Allotment Date?
Mach Conferences and Events IPO allotment date is Mon, Sep 9, 2024.
Who is the Mach Conferences and Events IPO Registrar?
The registrar for Mach Conferences and Events IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Mach Conferences and Events IPO allotment status, refund processing, and other IPO-related information.
What is the Mach Conferences and Events IPO GMP?
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 0.00% over the issue price.
Who is the Mach Conferences and Events IPO Lead Manager?
The book-running lead managers (BRLMs) for the Mach Conferences and Events IPO are Beeline Capital Advisors Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Mach Conferences and Events IPO Red Herring Prospectus (RHP).