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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 â¹125.28 crores
- Total Shares: 55.68 lakh shares
- Fresh Issue: 22.29 lakh shares aggregating to â¹50.15 crores
- Offer for Sale: 33.39 lakh shares aggregating to â¹75.13 crores
- IPO Open Date: September 4, 2024
- IPO Close Date: September 6, 2024
- Price Band: â¹214 to â¹225 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
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Mach Conferences and Events Limited IPO And Its GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-10 | 225 | 170.0 (76%) | 2024-09-10 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Mach Conferences and Events Limited IPO And Its GMP 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 | 5,568,000 shares (aggregating up to ₹125.28 Cr) |
| Fresh Issue | 2,229,000 shares (aggregating up to ₹50.15 Cr) |
| Offer for Sale | 3,339,000 shares of ₹10 (aggregating up to ₹75.13 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 18,808,100 |
| Share holding post issue | 21,037,100 |
| Market Maker portion | 300,000 shares Spread X Securities |
Mach Conferences and Events Limited IPO And Its GMP Timeline
| Detail | Description |
|---|---|
| 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 |
Mach Conferences and Events Limited IPO And Its GMP Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,000 |
| Retail (Max) | 1 | 600 | ₹135,000 |
| HNI (Min) | 2 | 1200 | ₹270,000 |
Mach Conferences and Events Limited IPO And Its GMP Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 95.97% | 69.92% |
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.
Competitive Strength:
- -
Mach Conferences and Events Limited IPO And Its GMP Financial Information
| Period Ended | Assets | Revenue | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
RHP:
DRHP:
Frequently asked Questions (FAQs )
-
What is the Mach Conferences and Events IPO?
Mach Conferences and Events IPO is an SME IPO. The company is going to raise ₹125.28 Crores via IPO. The issue is priced at ₹214 to ₹225 per equity share. The IPO is to be listed on BSE.
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When will the Mach Conferences and Events IPO open for subscription?
The IPO is to open on September 4, 2024, for QIB, NII, and Retail Investors. The IPO will close on September 6, 2024.
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What is Mach Conferences and Events IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is the Mach Conferences and Events Issue Size?
Mach Conferences and Events issue size is ₹125.28 crores.
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What is the Mach Conferences and Events IPO Price Band?
Mach Conferences and Events IPO Price Band is ₹214 to ₹225.
