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 |
