Mach Conferences IPO Allotment Status

Summary

Mach Conferences and Events IPO has garnered an exceptional response from investors, closing with a remarkable subscription of 196.70 times by 6th September 2024 at 5:37:07 PM (Day 3). The public issue witnessed substantial demand across various investor categories, with the Non-Institutional Investors (NII) category leading the charge. The NII segment was subscribed 403.69 times, reflecting significant interest from wealthy individual investors and smaller institutions.

The Qualified Institutional Buyers (QIB) category demonstrated robust engagement, subscribing 146.66 times, indicating strong confidence from institutional investors in Mach Conferences and Events' market potential. Retail investors also showed solid interest, with the IPO being subscribed 136.49 times in this category. This extraordinary response across all categories underscores the strong market enthusiasm for Mach Conferences and Events' offering and suggests positive investor sentiment towards the company's growth prospects.

How to Check Mach Conferences IPO Allotment Status:

How do you Check Mach Conferences IPO Allotment Status on the Registrar's Site?

Step 1:  Visit the web gateway of Skyline Financial Services Private Ltd. (https://www.skylinerta.com/ipo.php)

Step 2: From the selection menu, choose Mach Conferences IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Mach Conferences IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Mach Conferences IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Mach Conferences Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: An IPO allotment status that indicates the available shares for allocation should show up once you submit your information.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account?

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Mach Conferences IPO Timeline:

Mach Conferences IPO Subscription Status

The Mach Conferences and Events IPO received 196.70 subscriptions. By 6th September 2024 at 5:37:07 PM (Day 3), the public issue had been subscribed 136.49 times in the retail category, 146.66 times in the QIB category, and 403.69 times in the NII category.

Subscription Day 3 (as of 5:39:59 PM)
Total Subscription: 225.64 times.
QIBs: 151.75 times.
Non-institutional investors: 394.20 times.
Retail investors: 195.54 times.

Subscription Day 2
Total Subscription: 33.26 times.
QIBs: 9.01 times.
Non-institutional investors: 25.69 times.
Retail investors: 50.37 times.

Subscription Day 1
Total Subscription: 13.17 times.
QIBs: 9.00 times.
Non-institutional investors: 8.51 times.
Retail investors: 17.55 times.

Mach Conferences IPO Details

Mach Conferences and Events' initial public offering (IPO) is a book-built issue amounting to ₹125.28 crores. This offering consists of a fresh issue of 2,229,000 shares aggregating to ₹ 50.15 crores and an offer for sale of 3,339,000 shares aggregating to ₹ 75.13 crores.

The bidding process for the Mach Conferences and Events IPO commenced on 4th September 2024 and concluded on 6th September 2024. The allotment results for this IPO are anticipated to be finalised on 9th September 2024. Furthermore, the shares of Mach Conferences and Events are set to be listed on the BSE SME, with a provisional listing date scheduled for 11th September 2024.

The Mach Conferences and Events IPO price range has been established between ₹214 and ₹225 per share. Investors must apply for a minimum lot size of 600 shares, which requires a minimum investment of ₹135,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (1,200 shares), totalling ₹270,000.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the Mach Conferences and Events IPO, and Skyline Financial Services Private Ltd is designated as the registrar.