Mach Conferences and Events Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 4, 2024 to September 6, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 214 to ₹ 225 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 55,68,000 shares (aggregating up to ₹ 125.28 Cr) |
| Fresh Issue | 22,29,000 shares (aggregating up to ₹ 50.15 Cr) |
| Offer for Sale | 33,39,000 shares of ₹10 (aggregating up to ₹ 75.13 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 1,88,08,100 |
| Share holding post issue | 2,10,37,100 |
| Market Maker portion | 3,00,000 shares Spread X Securities |
About Mach Conferences and Events Limited IPO And Its GMP
Mach Conferences and Events Limited provide a comprehensive array of services tailor-made for the MICE (Meetings, Incentives, Conferences, Exhibitions) and Events sector. Their experience ranges from arranging small corporate events to large global events. They are specialized in conference management, Exhibition Management and Global Event Planning. They also manage all logistical aspects of events at specific destinations.
This includes venue selection, accommodation arrangements, transportation logistics, local activities and on-site coordination. They have a team of MICE and Events professionals working on the key essence of attention to detail, continuous budget control and endless creativity to help the client explore new venues and new ways to impress their clients.
- IPO OVERVIEW
- Issue Type: Book built issue of ₹125.28 crores
- Total Shares: 55.68 lakh shares
- Fresh Issue: 22.29 lakh shares aggregating to ₹50.15 crores
- Offer for Sale: 33.39 lakh shares aggregating to ₹75.13 crores
- IPO Open Date: September 4, 2024
- IPO Close Date: September 6, 2024
- Price Band: ₹214 to ₹225 per share
- Minimum Lot Size: 600 shares per application
- Book Running Lead Manager: Beeline Capital Advisors Pvt Ltd
- Registrar: Skyline Financial Services Private Ltd
- Market Maker: Spread X Securities
Mach Conferences and Events Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Mach Conferences and Events IPO Anchor Investors Details
| Bid Date | September 3, 2024 |
| Shares Offered | 1,578,000 |
| 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 |
Company & Financials
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.
Objectives of Mach Conferences and Events IPO
The Net Proceeds from the Fresh Issue will be utilized towards the following objectives:
- 1. To Meet Working Capital Requirements
- 2. General Corporate Purpose
Mach Conferences and Events IPO Review
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 the medium to long term.
Mach Conferences and Events Limited IPO And Its GMP Financial Information
Latest Revenue
23,898.58
₹ Crore
Profit After Tax
2,618.29
₹ Crore
Net Worth
4,956.72
₹ Crore
Total Borrowing
1,233.08
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 10,133.75 | 23,898.58 | 2,618.29 | 4,956.72 | 1,233.08 | ||||
| 31 Mar 2023 | 5,772.64 | 14,193.89 | 880.76 | 2,238.47 | 988.53 | ||||
| 31 Mar 2022 | 4,049.21 | 2,383.88 | -260.63 | 1,357.71 | 509.69 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹225 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹170 and a lot size of 600 shares.
Mach Conferences and Events Limited IPO And Its GMP GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-10 | ₹225 | ₹170.0 (76%) | 2024-09-10 |
Mach Conferences and Events Limited IPO And Its GMP Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 72.78% |
| ROCE | 57.57% |
| RoNW | 52.82% |
| P/BV | 8.54 |
| PAT Margin (%) | 11.04 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.92 | 12.45 |
| P/E (x) | 16.16 | 18.08 |
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Competitive Strengths
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Mach Conferences and Events Limited IPO And Its GMP IPO Timeline
| IPO Open Date | Wednesday, September 4, 2024 |
| IPO Close Date | Friday, September 6, 2024 |
| Basis of Allotment | Monday, September 9, 2024 |
| Initiation of Refunds | Tuesday, September 10, 2024 |
| Credit of Shares to Demat | Tuesday, September 10, 2024 |
| Listing Date | Wednesday, September 11, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 6, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,000 |
| Retail (Max) | 1 | 600 | ₹135,000 |
| HNI (Min) | 2 | 1200 | ₹270,000 |