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 name | E Factor Experiences Limited |
| Sector | Media & Entertainment |
| Industry | TV Broadcasting & Software Production |
| Company Website | https://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 date | 27 September 2023 |
| IPO Closing | 03 October 2023 |
| Basis of Allotment | 06 October 2023 |
| Initiation Refund | 09 October 2023 |
| Credit to Demat Account | 10 October 2023 |
| Listing Date | 11 October 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹25.92 Cr – 3,456,000 shares |
| Fresh Issue | ₹25.92 Cr – 3,456,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 174,400 shares |
| Shareholding pre-issue | 9,632,098 |
| Shareholding post-issue | 13,088,098 |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 6.22 | 56.62 | 119.26 |
| Expenses | 8.64 | 53.53 | 109.08 |
| Net income | 1.23 | 2.53 | 7.53 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.28 | 2.65 | 7.82 |
| PE ratio | – | – | 9.08 – 9.59 |
| RONW (%) | 127.26 | 72.49 | 68.35 |
| NAV | 1.01 | 3.63 | 11.44 |
| ROCE (%) | (20.00) | 37.67 | 54.85 |
| EBITDA (%) | (18.50) | 7.43 | 10.50 |
| Debt/Equity | 7.05 | 1.69 | 0.83 |
Company Promoters
- Jai Thakore
- Samit Garg
- Aruna Garg
- Manika Garg
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.59% |
Lead Manager(s)
HEM SECURITIES LIMITED
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
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Contact Details
E FACTOR EXPERIENCES LIMITED
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
