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E Factor Experiences IPO

E Factor Experiences IPO

  • Status: Closed
  • RHP:
  • ₹ 113,600 / 1600 shares

    Minimum Investment

IPO Details

  • Open Date

    27 Sep 2023

  • Close Date

    03 Oct 2023

  • IPO Price Range

    ₹ 71 to ₹ 75

  • IPO Size

    ₹ 25.92 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    11 Oct 2023

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

E Factor Experiences IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

E Factor Experiences Limited IPO is all set to open from 27th September to 3rd October 2023. The company is involved in the business of event management. The IPO includes a fresh issue of 3,456,000 shares worth ₹25.92 cr. The share allotment date is 6th October, and the IPO will be listed on 11th October, on the stock exchanges. The price band is ₹71 to ₹75 per share and the lot size is 1600 shares.    

Hem Securities Limited is the book-running lead manager for this IPO, while Maashitla Securities Private Limited is the registrar. 

Objectives of the E Factor Experiences IPO

E Factor Experiences plans to utilize the raised capital from the IPO to:

●    To pre-pay or repay full or partial borrowings obtained.
●    To invest in the subsidiary. 
●    For working capital requirements.
●    General corporate purpose.
 

Established in 2003, E Factor Experiences is involved in the business of event management. The company specializes in offerings related to event experiences, event services, technology-driven multimedia light and sound installations for both temporary and permanent setups, and specialized turnkey event assignments. The company has offices in Delhi, Noida, Jaipur, and Odisha, with a dedicated team of 32 employees.

E Factor Experiences has a track record of handling diverse events such as Government Tourism Initiatives and Festivals, techno-cultural light & sound shows, Sporting Events and Contests, Conferences, Mega Ground Concerts, Televised Events, private and social events like wedding and anniversary celebrations, etc. The company’s impressive event portfolio includes successfully executed projects like Eco Retreat in Odisha, DotFest in Bhubaneswar, Laser Shows & Fireworks at Deepotsav, Kashi Balloon and Boat Race, and Baba Saheb - The Grand Musical Show on life & teaching of Baba Saheb Ambedkar among numerous others.

E Factor Experiences has expanded its horizons through its subsidiary company, E-Factor Adventure Tourism Private Limited, which owns the experiential tourism brand "Sky Waltz." Sky Waltz specializes in managing and operating hot air ballooning and yachting activities at multiple locations across India and has a remarkable 12-year track record as a government-approved commercial hot air balloon operator.

In addition, E Factor Experiences has also acquired a substantial 46.33% stake in Untamed Leisure and Hospitality Private Limited (formerly known as E Factor Leisure and Hospitality Private Limited), making it an associate company. Untamed Leisure and Hospitality is actively involved in event management, hospitality services, and various leisure and entertainment-related activities.

Peer Comparison

●    Touchwood Entertainment Limited
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 119.26 56.62 6.22
EBITDA 11.99 4.21 -1.15
PAT 7.61 2.53 1.23
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 56.75 49.17 25.82
Share Capital 9.63 3.44 3.44
Total Borrowings 45.73 45.67 24.85
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 1.77 7.21 -2.06
Net cash from / (used in) investing activities -3.02 -0.043 3.80
Net cash flow from / (used in) financing activities 2.22 -1.39 -2.65
Net increase (decrease) in cash and cash equivalents 0.97 5.78 -0.91


Strengths

1.    The company provides a one-stop solution to all event needs.
2.    It has an established track record.
3.    It also has a strong relationship with hospitality & event partners and local City /State government bodies.
4.    Experienced promoters and management team.
5.    The company has won many awards over its operating history.  
 

Risks

1.    Exposed to claims from inadequate performance and defects that may affect the events managed by the company. 
2.    The business is subject to occasional/ seasonal fluctuations.
3.    Dependent on government authorities for a significant portion of the business and revenue from operation.
4.    Operates in limited geographies.
5.    The subsidiary company has incurred losses in the past and has also seen a decrease in revenue from operations. 
6.    Higher working capital requirements. 
7.    Lenders have charge over immovable and movable properties in respect of finance availed.
8.    Negative cash flows in the past. 
 

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FAQs

The minimum lot size of E Factor Experiences IPO is 1600 shares and the investment required is ₹1,13,600.

The price for E Factor Experiences IPO is ₹71 to ₹75 per share. 

E Factor Experiences IPO opens from 27th September to 3rd October 2023.
 

The size of E Factor Experiences IPO is ₹25.92 cr. 

The share allotment date of E Factor Experiences IPO is 6th October 2023.

The E Factor Experiences IPO will be listed on 11th October 2023.

Hem Securities Limited is the book-running lead manager for E Factor Experiences IPO.

E Factor Experiences plans to utilize the raised capital from the IPO to:

1.    To pre-pay or repay full or partial borrowings obtained.
2.    To invest in the subsidiary. 
3.    For working capital requirements.
4.    General corporate purpose.
 

To apply for E Factor Experiences IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the E Factor Experiences IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.