Mach Conferences and Events Limited IPO

NiftyTrader • September 4, 2024

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Mach Conferences and Events Limited IPO

Mach Conferences and Events Limited IPO opens on September 4, 2024, and closes on September 6, 2024. The allotment for the Mach Conferences and Events Limited IPO is anticipated to be completed on Monday, September 9, 2024. The IPO will be tentatively listed on the BSE and SME on Wednesday, September 11, 2024.

Mach Conferences and Events Limited IPO’s price band is Rs 214 to Rs 225 per share. The IPO is a book-built issue of Rs 125.28 crores an entirely new issue of 22.29 lakh shares.

Mach Conferences and Events IPO Details

IPO Date	September 4, 2024 to September 6, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹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
Shareholding pre-issue	18,808,100
Shareholding post-issue	21,037,100
Market Maker portion	300,000 shares

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
S-HNI (Min)	2	1200	₹270,000

Mach Conferences and Events IPO Objectives

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

To Meet Working Capital Requirement.
General Corporate Purpose.

About Mach Conferences and Events Limited

Mach Conferences and Events Limited, established in 2004, provides tailored services for the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector. Specializing in conference and exhibition management, global event planning, and comprehensive logistical support, the company handles everything from venue selection to on-site coordination. Catering to clients in banking, finance, insurance, and various other industries, Mach Conferences managed 90 events in FY 2023-24 across global destinations, generating an average revenue of Rs 263.62 lakhs per event. With co-working spaces across 18 states and union territories and a workforce of 55 employees, the company is well-equipped to handle diverse event requirements.

Mach Conferences and Events Limited Financial Information

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

Mach Conferences and Events IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net offer
Retail Shares Offered	Not less than 35.00% of the Offer
NII (HNI) Shares Offered	Not less than 15.00% of the Offer

Mach Conferences and Events IPO Timeline

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
A 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