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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 ₹225.00 per share . The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,28,400 (600 shares). The minimum lot size investment for 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 Date | September 4, 2024 to September 6, 2024 |
| Listing Date | September 11, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹214 to ₹225 per share |
| Issue Price Final | ₹225 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 55,68,000 shares (aggregating up to ₹125.28 Cr) |
| Reserved for Market Maker | 3,00,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹6.75 Cr) |
| Fresh Issue (Ex Market Maker) | 19,29,000 shares (aggregating up to ₹43.40 Cr) |
| Offer for Sale | 33,39,000 shares of ₹10 (aggregating up to ₹75.13 Cr) |
| Net Offered to Public | 52,68,000 shares (aggregating up to ₹118.53 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,88,08,100 shares |
| Share Holding Post Issue | 2,10,37,100 shares |
Mach Conferences and Events IPO offers total 55,68,000 shares. Out of which 26,31,600 (47.26%) allocated to QIB, 10,53,600 (18.92%) allocated to QIB, 7,91,400 (14.21%) allocated to NII, 18,45,000 (33.14%) allocated to RII and 15,78,000 (28.34%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,00,000 (5.39%) |
| QIB Shares Offered | 26,31,600 (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 (14.21%) |
| Retail Shares Offered | 18,45,000 (33.14%) |
| Total Shares Offered | 55,68,000 (100.00%) |
Mach Conferences IPO raises ₹35.51 crore from anchor investors. Mach Conferences IPO Anchor bid date is September 3, 2024. Mach Conferences IPO Anchor Investors list
| Bid Date | September 3, 2024 |
| Shares Offered | 15,78,000 |
| Anchor Portion Size (In Cr.) | 35.51 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 9, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 8, 2024 |
Mach Conferences IPO opens on September 4, 2024, and closes on September 6, 2024.
| IPO Open Date | Wed, Sep 4, 2024 |
| IPO Close Date | Fri, Sep 6, 2024 |
| Tentative Allotment | Mon, Sep 9, 2024 |
| Initiation of Refunds | Tue, Sep 10, 2024 |
| Credit of Shares to Demat | Tue, Sep 10, 2024 |
| Tentative Listing Date | Wed, Sep 11, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 6, 2024 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Mach Conferences and Events Limited's revenue increased by 68% and profit after tax (PAT) rose by 197% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 10,133.75 | 5,772.64 | 4,049.21 |
| Total Income | 23,898.58 | 14,193.89 | 2,383.88 |
| Profit After Tax | 2,618.29 | 880.76 | -260.63 |
| Net Worth | 4,956.72 | 2,238.47 | 1,357.71 |
| Reserves and Surplus | 3,075.91 | 2,233.47 | 1,352.71 |
| Total Borrowing | 1,233.08 | 988.53 | 509.69 |
| Amount in ₹ Lakhs | |||
The market capitalization of Mach Conferences IPO is ₹473.33 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 72.78% |
| ROCE | 57.57% |
| RoNW | 52.82% |
| PAT Margin | 11.04% |
| Price to Book Value | 8.54 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 13.92 | 12.45 |
| P/E (x) | 16.16 | 18.08 |
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] Over the years, the company has created a niche place in MICE related tailor-made services. It marked a setback for FY22 following the pandemic. It regained its place from FY23 and has posted good numbers for FY24 indicating prospects ahead. Based on FY24 earnings, the issue appears fully priced. With the rising volumes and preferences of tourism and event related activities, this company is poised for good business. Investors may park funds for medium to long term. Read detail review...
| Listing Date | September 11, 2024 |
| BSE Script Code | 544248 |
| NSE Symbol | |
| ISIN | INE0UYT01018 |
| Final Issue Price | ₹225 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹225.00 |
| Open | ₹300.00 |
| Low | ₹285.00 |
| High | ₹314.00 |
| Last Trade | ₹295.55 |
Mach Conferences & Events Ltd.
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
Najafgarh, New Delhi
Phone: +91 120 4747000
Email: compliance@machconferences.com
Website: http://www.machconferences.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Mach Conferences IPO is a SME IPO of 55,68,000 equity shares of the face value of ₹10 aggregating up to ₹125.28 Crores. The issue is priced at ₹225 per share. The minimum order quantity is 600.
The IPO opens on September 4, 2024, and closes on September 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 September 4, 2024 and closes on September 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 Tuesday, September 10, 2024. Check the Mach Conferences IPO allotment status.
The Mach Conferences IPO listing date is on Wednesday, September 11, 2024.
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