Bookbuilding IPO | ₹125 Cr | Listed at BSE SME | Wed, Sep 4, 2024 - Fri, Sep 6, 2024
Mach Conferences IPO is a book build issue of ₹125.28 crores. The issue is a combination of fresh issue of 0.22 crore shares aggregating to ₹50.15 crores and offer for sale of 0.33 crore shares aggregating to ₹75.13 crores.
Mach Conferences IPO bidding started from Sep 4, 2024 and ended on Sep 6, 2024. The allotment for Mach Conferences IPO was finalized on Sep 9, 2024. The shares got listed on BSE SME on Sep 11, 2024.
Mach Conferences IPO price band is set at ₹225 per share. The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,35,000 (600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,200 shares), amounting to ₹2,70,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to Mach Conferences IPO RHP for detailed Information.
IPO Open
Wed, Sep 4, 2024
IPO Close
Fri, Sep 6, 2024
Issue Price
₹225 per share
Market Cap (Pre-IPO)
₹473.33 Cr
| IPO Date | 4 to 6 Sep, 2024 |
| Listed on | Wed, Sep 11, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹214 to ₹225 |
| Issue Price | ₹225 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 55,68,000 shares (agg. up to ₹125 Cr) |
| Reserved for Market Maker | 3,00,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹7 Cr) |
| Fresh Issue (Ex Market Maker) | 19,29,000 shares (agg. up to ₹43 Cr) |
| Offer for Sale | 33,39,000 shares of ₹10 (agg. up to ₹75 Cr) |
| Net Offered to Public | 52,68,000 shares (agg. up to ₹119 Cr) |
| Share Holding Pre Issue | 1,88,08,100 shares |
| Share Holding Post Issue | 2,10,37,100 shares |
| BSE Script Code | 544248 |
| ISIN | INE0UYT01018 |
Mach Conferences IPO comprises a total issue size of 55,68,000 shares. The net offer to the public is 52,68,000 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 26,31,600 (49.95%) are allocated to QIB, 7,91,400 (15.02%) allocated to NII 18,45,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 26,31,600 | 49.95% | 47.26% |
| − Anchor Investor Shares Offered | 15,78,000 | 28.34% | |
| − QIB (Ex. Anchor) Shares Offered | 10,53,600 | 18.92% | |
| NII (HNI) Shares Offered | 7,91,400 | 15.02% | 14.21% |
| Retail Shares Offered | 18,45,000 | 35.02% | 33.14% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,00,000 | 5.39% | |
| Total Shares Offered | 55,68,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,35,000 |
| Retail (Max) | 1 | 600 | ₹1,35,000 |
| HNI (Min) | 2 | 1,200 | ₹2,70,000 |
Mach Conferences IPO raises ₹35.51 crore from anchor investors. Mach Conferences IPO Anchor bid date is September 3, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Sep 3, 2024 |
| Shares Offered | 15,78,000 |
| Anchor Portion (₹ Cr.) | 35.51 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Oct 9, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Dec 8, 2024 |
Mach Conferences and Events Limited was founded in 2004 and offers a comprehensive range of customized services for the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector.
The company specializes in conference management, exhibition management and global event planning. The company also takes care of all logistical aspects of events at specific destinations. This includes venue selection, accommodation, transportation logistics, local activities and on-site coordination.
The company's clients come from the banking, finance, and insurance sectors. The company has also worked for various industries including hospitality, infrastructure, FMCG, etc. In the last financial years i.e. 2023-24, the company has conducted 90 events including London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, Singapore, etc. The average revenue for conducting such events in FY 2023-24 was Rs. 263.62 lakhs per event.
The company is present with co-working spaces in more than 18 states and union territories including Delhi, Maharashtra, Kolkata, Assam, Tamil Nadu, Jammu & Kashmir, Himachal Pradesh, Goa, Rajasthan etc.
As of March 31, 2024, the company had a total of 55 employees.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 101.34 | 57.73 | 40.49 |
| Total Income | 238.99 | 141.94 | 23.84 |
| Profit After Tax | 26.18 | 8.81 | -2.61 |
| NET Worth | 49.57 | 22.38 | 13.58 |
| Reserves and Surplus | 30.76 | 22.33 | 13.53 |
| Total Borrowing | 12.33 | 9.89 | 5.10 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 33.26 |
| 2 | General Corporate Purpose | 12.52 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 72.78% |
| ROCE | 57.57% |
| RoNW | 52.82% |
| PAT Margin | 11.04% |
| Price to Book Value | 8.54 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.92 | 12.45 |
| P/E (x) | 16.16 | 18.08 |
| Promoter Holding | 95.97% | 69.92% |
| Market Cap | ₹473.33 Cr. |
The Mach Conferences and Events IPO is subscribed 196.7 times on September 6, 2024 6:19:07 PM (Day 3). The public issue subscribed 136.49 times in the retail category, 146.66 times in the QIB category, and 403.69 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 146.66 | 10,53,600 | 15,45,21,600 |
| NII* | 403.69 | 7,91,400 | 31,94,80,200 |
| Retail | 136.49 | 18,45,000 | 25,18,18,200 |
| Total | 196.7 | 36,90,000 | 72,58,20,000 |
Total Application : 4,73,481
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.25 |
| 2 | Fees Payable to Registrar to the Offer | 0.01 |
| 3 | Fees Payable to Legal Advisors | 0.03 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.25 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.05 |
| 6 | Fees payable to Peer Review Auditor | 0.03 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.12 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 10.07 |
| 9 | Escrow Bank Fees | 0.12 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹225.00 |
| Open | ₹300.00 |
| Low | ₹285.00 |
| High | ₹314.00 |
| Last Trade | ₹295.55 |
Lead Manager Reports
Mach Conferences IPO is a SME IPO of 55,68,000 equity shares of the face value of ₹10 aggregating up to ₹125 Crores. The issue is priced at ₹225 per share. The minimum order quantity is 600.
The IPO opens on Wed, Sep 4, 2024, and closes on Fri, Sep 6, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Mach Conferences IPO using UPI as a payment gateway. Zerodha customers can apply in Mach Conferences IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mach Conferences IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mach Conferences IPO opens on Wed, Sep 4, 2024 and closes on Fri, Sep 6, 2024.
Mach Conferences IPO lot size is 600, and the minimum amount required for application is ₹1,35,000.
You can apply in Mach Conferences 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 Mach Conferences IPO will be done on Monday, September 9, 2024, and the allotted shares will be credited to your demat account by Tue, Sep 10, 2024. Check the Mach Conferences IPO allotment status.
The Mach Conferences IPO listing date is on Wed, Sep 11, 2024.
