E Factor Experiences IPO

E Factor Experiences IPO will open for subscription from 27 September 2023. The company aims for an issue size of  ₹25.92 Cr through this IPO.

Company Overview

Full nameE Factor Experiences Limited
SectorMedia & Entertainment
IndustryTV Broadcasting & Software Production
Company Websitehttps://www.efactor4u.com/

About Company

Incorporated in 2003, E Factor Experiences is an award-winning Indian event management company engaged in providing the consumers and community with event experiences, event services, technology-based permanent & semi-permanent multimedia light & sound installations, and specialized turnkey event assignments, wedding management, private and social event solutions. Its 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.

The Sky Waltz team consists of commercial pilots, trained operational staff, and equipment sourced from international vendors to maintain standards of safety and operating procedures. The permanent Balloon Safari operation is currently commercially active in Jaipur, and it is planning to expand hot air balloon activities in other parts of the country in the near future. Apart from regular commercial flying, the company participates in various ballooning festivals at places like Agra, Varanasi, Mandu Festival, Araku Festival, and many more.

The Objectives of the Issue

  • Investment in Subsidiary.
  • To meet Working Capital requirements.
  • Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company.
  • General Corporate Purpose.

IPO Timetable

IPO Opening date27 September 2023
IPO Closing03 October 2023
Basis of Allotment06 October 2023
Initiation Refund09 October 2023
Credit to Demat Account10 October 2023
Listing Date11 October 2023
(Cut-off time for UPI mandate confirmation – 5 PM on October 3, 2023)

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹25.92 Cr – 3,456,000 shares
Fresh Issue₹25.92 Cr – 3,456,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹71 to ₹75 per share
Lot size1600 Shares
Market Maker portion174,400 shares
Shareholding pre-issue9,632,098
Shareholding post-issue13,088,098
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)11600₹120,000
Retail (Max)11600₹120,000
HNI (Min)23,200₹240,000

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Financial Performance

 FY 2021FY 2022FY 2023
Net income1.232.537.53
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio9.08 – 9.59
RONW (%)127.2672.4968.35
ROCE (%)(20.00)37.6754.85
EBITDA (%)(18.50)7.4310.50

Company Promoters

  • Jai Thakore
  • Samit Garg
  • Aruna Garg
  • Manika Garg

Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding73.59%

Lead Manager(s)

904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com

IPO Registrar

451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com

Contact Details

Plot No. A-49, Sec 67, Gautam Budh Nagar,
Noida-201301, Uttar Pradesh, India
Phone: +91-120-3100184
E-mail: cs@efactorexp.com
Website: www.efactor4u.com

Allotment Status

E Factor Experiences IPO allotment status will be available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.

Final thoughts

E Factor Experiences IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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