Mach Conferences & Events IPO
IPO Details
- Open Date
04 Sep 2024
- Close Date
06 Sep 2024
- IPO Price Range
₹ 214 to ₹ 225
- IPO Size
₹ 125.28 Cr
- Listing Exchange
BSE SME
- Listing Date
11 Oct 2024
IPO Timeline
Mach Conferences & Events IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 4-Sep-24 | 3.52 | 7.85 | 9.88 | 7.63 |
| 5-Sep-24 | 4.05 | 21.85 | 33.53 | 22.61 |
| 6-Sep-24 | 146.66 | 403.24 | 128.77 | 192.74 |
Last Updated: 6th September 2024, 4:25 PM by 5paisa
Mach Conferences and Events IPO is set to open on 04 September 2024 and will close on 06 September 2024. The company provides a wide range of tailored services for the MICE sector, which includes meetings, incentives, conferences, and exhibitions, as well as other events.
The IPO includes a fresh issue of 22.29 lakh shares aggregating up to ₹50.15 Cr and it also includes an offer for sale of 33.39 lakh shares aggregating up to ₹75.13 Cr. The price band is ₹214 to ₹225 per share and the lot size is 600 shares.
The allotment is scheduled to be finalised on 09 September 2024. It will go public on BSE SME, with a tentative listing date of 11 September 2024.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager, while Skyline Financial Services Private Ltd is the registrar.
Mach Conferences IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO Size | 125.28 |
| Offer For Sale | 75.13 |
| Fresh Issue | 50.15 |
Mach Conferences IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,000 |
| Retail (Max) | 1 | 600 | ₹135,000 |
| HNI (Min) | 2 | 1,200 | ₹270,000 |
Mach Conferences IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 146.66 | 10,53,600 | 15,45,21,600 | 3,476.74 |
| NII (HNI) | 403.24 | 7,91,400 | 31,91,22,600 | 7,180.26 |
| Retail | 128.77 | 18,45,000 | 23,75,76,000 | 5,345.46 |
| Total | 192.74 | 36,90,000 | 71,12,20,200 | 16,002.45 |
Mach Conferences IPO Anchor Allocation
| Anchor Bid Date | 3 September, 2024 |
| Shares Offered | 1,578,000 |
| Anchor portion Size (In ₹ Cr.) | 35.51 |
| Anchor lock-in period end date for 50% shares (30 Days) | 9 October 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 8 December 2024 |
1. Working Capital Requirements.
2. General Corporate Purposes.
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
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 238.99 | 141.94 | 23.84 |
| EBITDA | 34.54 | 10.80 | -2.31 |
| PAT | 26.18 | 8.81 | -2.61 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 101.34 | 57.73 | 40.49 |
| Share Capital | 18.81 | 0.05 | 0.05 |
| Total Borrowings | 12.33 | 9.89 | 5.09 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 17.72 | -3.30 | -6.61 |
| Net Cash Generated From / (used in) investing activities | -0.94 | 0.44 | -15.11 |
| Net Cash Generated From / (used in) financing activities | 1.28 | 4.17 | 4.68 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 18.06 | 1.31 | -17.05 |
Strengths
1. Company has a proven track record in organizing large-scale conferences and events.
2. It serves a wide range of industries, reducing dependency on any single sector.
3. The company demonstrated consistent financial performance and revenue growth.
4. It is led by a team with extensive expertise in the events industry.
5. It is an early adopter of digital and hybrid event solutions, staying ahead of industry trends.
Risks
1. Business performance is heavily influenced by economic cycles and corporate spending.
2. It faces intense competition from both established players and new entrants.
3. Company is vulnerable to event cancellations or disruptions, impacting revenue streams.
4. The dependence on key clients could pose risks if they reduce or cancel events.
5. It has the potential for adverse impact from changes in regulations related to large gatherings or public events.
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FAQs
Mach Conferences and Events IPO opens from 04th September to 06th September 2024.
The size of the Mach Conferences and Events IPO is ₹125.28 Cr.
The price band of Mach Conferences and Events IPO is fixed at ₹214 to ₹225 per share.
To apply for Mach Conferences and Events 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 Mach Conferences and Events 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.
The minimum lot size of Mach Conferences and Events IPO is 600 shares and the investment required is ₹1,35,000.
The share allotment date of Mach Conferences and Events IPO is 09 th September 2024
The Mach Conferences and Events IPO will be listed on 11th September 2024.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for Mach Conferences and Events IPO.
Mach Conferences and Events plans to utilise the raised capital from the IPO for:
1. Working Capital Requirements.
2. General Corporate Purposes.
Contact Information
Mach Conferences & Events
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/
Mach Conferences & Events IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Mach Conferences & Events IPO Lead Manager
Beeline Capital Advisors Pvt Ltd
