Bookbuilding IPO | ₹26 Cr | Listed at NSE SME | Wed, Sep 27, 2023 - Tue, Oct 3, 2023
E Factor Experiences IPO is a book build issue of ₹25.92 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹25.92 crore.
E Factor Experiences IPO bidding started from Sep 27, 2023 and ended on Oct 3, 2023. The allotment for E Factor Experiences IPO was finalized on Oct 6, 2023. The shares got listed on NSE SME on Oct 9, 2023.
E Factor Experiences IPO price band is set at ₹75 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,20,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to E Factor Experiences IPO RHP for detailed Information.
IPO Open
Wed, Sep 27, 2023
IPO Close
Tue, Oct 3, 2023
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹98.16 Cr
| IPO Date | 27 Sep to 3 Oct, 2023 |
| Listed on | Mon, Oct 9, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 34,56,000 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 1,74,400 shares Hem Finlease Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 32,81,600 shares (agg. up to ₹25 Cr) |
| Net Offered to Public | 32,81,600 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 96,32,098 shares |
| Share Holding Post Issue | 1,30,88,098 shares |
| NSE Symbol | EFACTOR |
| ISIN | INE0KFF01017 |
E Factor Experiences IPO comprises a total issue size of 34,56,000 shares. The net offer to the public is 32,81,600 shares, after excluding 1,74,400 shares allotted on a firm basis. Of the Net offer 16,40,000 (49.98%) are allocated to QIB, 4,92,800 (15.02%) allocated to NII 11,48,800 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 16,40,000 | 49.98% | 47.45% |
| − Anchor Investor Shares Offered | 9,84,000 | 28.47% | |
| − QIB (Ex. Anchor) Shares Offered | 6,56,000 | 18.98% | |
| NII (HNI) Shares Offered | 4,92,800 | 15.02% | 14.26% |
| Retail Shares Offered | 11,48,800 | 35.01% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,74,400 | 5.05% | |
| Total Shares Offered | 34,56,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,20,000 |
| Retail (Max) | 1 | 1,600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
E Factor Experiences IPO raises ₹7.38 crore from anchor investors. E Factor Experiences IPO Anchor bid date is September 26, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Sep 26, 2023 |
| Shares Offered | 9,84,000 |
| Anchor Portion (₹ Cr.) | 7.38 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Nov 5, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Jan 4, 2024 |
Incorporated in 2003, E Factor Experiences Limited is an Indian event management company.
The company is engaged in providing event experiences, event services, technology-based permanent & semi-permanent multimedia light & sound installations and specialized turnkey event assignments, wedding management, and private and social event solutions.
E Factor Experiences Limited's portfolio of services includes turnkey assignments in the form of Government Tourism Events 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.
E Factor Experiences offices in Delhi, Noida, Jaipur, and Odisha. The company has a team of 32 employees.
The company has managed events like Eco Retreat, Odisha, DotFest, Bhubaneswar, Laser Show & Fireworks at Deepotsav, Kashi Balloon & Boat Race, Baba Saheb - The Grand Musical Show on life & teaching of Baba Saheb Ambedkar and many more.
E Factor Experiences entered into a permanent and sustained business with its experiential tourism brand, "Sky Waltz" owned by the Subsidiary company namely E-Factor Adventure Tourism Private Limited. Skywaltz is engaged in the business of managing and operating hot air ballooning and yachting activities in multiple locations in India and has been a government-approved commercial hot air balloon operator for the last 12 years.
The company also has acquired a 46.33% stake in Untamed Leisure and Hospitality Private Limited (formerly known as E Factor Leisure and Hospitality Private Limited) making this company the Associate company, which is engaged in the business of event management and hospitality services and other related activities of leisure and entertainment.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 56.75 | 49.17 | 25.82 |
| Total Income | 119.45 | 57.00 | 9.91 |
| Profit After Tax | 7.61 | 2.56 | 1.23 |
| NET Worth | 11.02 | 3.52 | 0.97 |
| Reserves and Surplus | 1.38 | 0.05 | -2.47 |
| Total Borrowing | 9.13 | 5.91 | 6.83 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in Subsidiary | 2.00 |
| 2 | To meet Working Capital requirements | 13.00 |
| 3 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company | 3.50 |
| 4 | General Corporate Purpose | 4.79 |
| KPI | |
|---|---|
| ROE | 103.79% |
| ROCE | 54.85% |
| Debt/Equity | 0.83 |
| RoNW | 68.35% |
| PAT Margin | 6.38% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.82 | |
| P/E (x) | 9.59 | 12.89 |
| Promoter Holding | 99.99% | 73.59% |
| Market Cap | ₹98.16 Cr. |
The E Factor Experiences IPO is subscribed 73.14 times on October 3, 2023 7:30:00 PM (Day 4). The public issue subscribed 47.78 times in the retail category, 46.09 times in the QIB category, and 168.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 46.09 | 6,56,000 | 3,02,33,600 |
| NII* | 168.26 | 4,92,800 | 8,29,16,800 |
| Retail | 47.78 | 11,48,800 | 5,48,84,800 |
| Total | 73.14 | 22,97,600 | 16,80,35,200 |
Total Application : 34,303
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.25 |
| 2 | Underwriting Commission | 0.26 |
| 3 | Fees Payable to Registrar to the Issue | 0.02 |
| 4 | Fees Payable for Advertising and Publishing Expenses | 0.06 |
| 5 | Fees Payable to Regulators including Stock Exchanges | 0.09 |
| 6 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 7 | Fees Payable to Statutory Auditor, Legal Advisors and other Professionals | 0.03 |
| 8 | Others (Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Issue and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs and Miscellaneous Expenses) | 1.91 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹115.00 |
| Low | ₹115.00 |
| High | ₹120.75 |
| Last Trade | ₹120.75 |
Lead Manager Reports
E Factor Experiences IPO is a SME IPO of 34,56,000 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Sep 27, 2023, and closes on Tue, Oct 3, 2023.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in E Factor Experiences IPO using UPI as a payment gateway. Zerodha customers can apply in E Factor Experiences IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in E Factor Experiences IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The E Factor Experiences IPO opens on Wed, Sep 27, 2023 and closes on Tue, Oct 3, 2023.
E Factor Experiences IPO lot size is 1600, and the minimum amount required for application is ₹1,20,000.
You can apply in E Factor Experiences IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for E Factor Experiences IPO will be done on Friday, October 6, 2023, and the allotted shares will be credited to your demat account by Sun, Oct 8, 2023. Check the E Factor Experiences IPO allotment status.
The E Factor Experiences IPO listing date is on Mon, Oct 9, 2023.
