Mach Conferences and Events IPO will open for subscription from 04 September 2024. The company aims for an issue size of ₹125.28 Cr through this IPO.
Company Overview
| Full name | Mach Conferences and Events Limited |
| Sector | Other |
| Industry | Professional Services |
| Company Website | https://www.machconferences.com/ |
About Company
Mach Conferences and Events offer a comprehensive range of services tailored for the MICE (Meetings, Incentives, Conferences, Exhibitions) and Events sector. The company specializes in conference management, exhibition management, and global event planning. They handle all logistical aspects of events at specific destinations, including venue selection, accommodation arrangements, transportation logistics, local activities, and on-site coordination.
The company’s clientele primarily comes from the banking, finance, and insurance sectors. However, Mach Conferences has also worked with various industries, including hospitality, infrastructure, and FMCG. Over the past three years, the company has completed 90 events in locations such as London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, and Singapore. The average revenue for these events in FY 2023-24 was INR 2.64 crore per event. Mach Conferences and Events has a locational presence in more than 18 states and union territories, including Delhi, Maharashtra, Kolkata, Assam, Tamil Nadu, Jammu & Kashmir, Himachal Pradesh, Goa, and Rajasthan, through co-working spaces.
The Objectives of the Issue
- To Meet Working Capital Requirements
- General Corporate Purpose
Mach Conferences and Events IPO Timetable
| IPO Opening date | 04 September 2024 |
| IPO Closing | 06 September 2024 |
| Basis of Allotment | 09 September 2024 |
| Initiation Refund | 10 September 2024 |
| Credit to Demat Account | 10 September 2024 |
| Listing Date | 11 September 2024 |
Mach Conferences and Events IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹125.28 Cr – 5,568,000 shares |
| Fresh Issue | ₹50.15 Cr – 2,229,000 shares |
| Offer for sale | ₹75.13 Cr – 3,339,000 shares |
| Face value | ₹10 per share |
| Price Band | ₹214 to ₹225 per share |
| Lot size | 600 Shares |
| Market Maker portion | 300,000 shares |
| Shareholding pre-issue | 18,808,100 |
| Shareholding post-issue | 21,037,100 |
| Listing Exchange | BSE SME |
Mach Conferences and Events Offer Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,000 |
| Retail (Max) | 1 | 600 | ₹135,000 |
| HNI (Min) | 2 | 1,200 | ₹270,000 |
Mach Conferences and Events Offer Documents
Mach Conferences and Events IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Mach Conferences and Events Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 23.14 | 141.29 | 237.26 |
| Expenses | 25.94 | 131.25 | 73.39 |
| Net income | (2.61) | 8.81 | 26.18 |
Mach Conferences and Events Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | (1.39) | 4.62 | 13.92 |
| PE ratio | – | – | 15.37 – 16.16 |
| RONW (%) | (19.20) | 39.35 | 52.82 |
| NAV | 7.22 | 11.90 | 26.35 |
| ROCE (%) | (9.57) | 34.06 | 57.57 |
| EBITDA (%) | (9.98) | 7.65 | 14.56 |
| Debt/Equity | 0.38 | 0.44 | 0.25 |
Company Promoters
- Amit Bhatia
- Laveena Bhatia
Promoter Holding
| Pre Issue Share Holding | 95.97% |
| Post Issue Share Holding |
Mach Conferences and Events Offer GMP Update
Coming Soon
Mach Conferences and Events IPO Subscription Update
Coming Soon
Mach Conferences and Events IPO Allotment Status
Mach Conferences IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Mach Conferences and Events IPO Listing Details
| Listing Date | 11 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Mach Conferences and Events IPO Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat
Phone: 079 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com
Mach Conferences and Events Registrar
SKYLINE FINANCIAL SERVICES PVT. LTD
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91- 11-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Mach Conferences and Events Contact Details
MACH CONFERENCES AND EVENTS LIMITED
C-127 2nd Floor, Sector 2, Gautam Buddha Nagar,
Noida, Uttar Pradesh, India, 201301
Phone: +91 120 4747000
E-mail: compliance@machconferences.com
Website: www.machconferences.com
Mach Conferences and Events IPO FAQs
What is the Mach Conferences offer size?
Mach Conferences offer size is ₹ 125.28 crores.
What is the Mach Conferences offer price band?
Mach Conferences public offer price is ₹ 214 – 225 per share.
What is the lot size of the Mach Conferences IPO?
Mach Conferences offer a lot size is 600 shares.
What is Mach Conferences IPO GMP today?
Mach Conferences IPO GMP today is ₹ 165 per share.
What is the Mach Conferences kostak rate today?
Mach Conferences kostak rate today is ₹ NA per application.
What is Mach Conferences Subject to the Sauda rate today?
Mach Conferences is Subject to the Sauda rate today is ₹ 80,000 per application.
Final thoughts
Mach Conferences and Events IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
