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About Mach Conferences & Events IPO
The Mach Conferences and Events IPO is a book-built offer worth Rs 125.28 crores, comprising a fresh issue of 22.29 lakh shares amounting to Rs 50.15 crores and an offer for sale of 33.39 lakh shares worth Rs 75.13 crores.
Subscription for the Mach Conferences and Events IPO commences on September 4, 2024, and concludes on September 6, 2024. The allotment for the IPO is anticipated to be finalized on Monday, September 9, 2024.
The Mach Conferences and Events IPO is scheduled to be listed on BSE SME, tentatively on Wednesday, September 11, 2024.
The Mach Conferences and Events IPO price band ranges from Rs 214 to Rs 225 per share. The minimum lot size for an application is 600 shares, with a minimum investment of Rs 1,35,000 for retail investors. The minimum lot size investment for High Net Worth Individuals (HNI) is 2 lots (1,200 shares), equating to Rs 2,70,000.
Beeline Capital Advisors Pvt Ltd serves as the book-running lead manager of the Mach Conferences and Events IPO, while Skyline Financial Services Private Ltd is the registrar. Spread X Securities is the market maker for the Mach Conferences and Events IPO.
Mach Conferences & Events IPO Details:
| Particulars | Details |
| IPO Date | September 4, 2024 to September 6, 2024 |
| Face Value | Rs 10 per share |
| Price Band | Rs 214 to Rs 225 per share |
| Mach Conferences IPO Lot Size | 600 Shares |
| Total Issue Size | 55,68,000 shares (aggregating up to Rs 125.28 Cr) |
| Fresh Issue | 22,29,000 shares (aggregating up to Rs 50.15 Cr) |
| Offer for Sale | 3,339,000 shares of Rs 10 (aggregating up to Rs 75.13 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding pre-issue | 1,88,08,100 |
| Shareholding post-issue | 2,10,37,100 |
| Market Maker (by Spread X Securities) portion | 3,00,000 shares |
Tentative Dates and Schedules:
| Particulars | Details |
| Mach Conferences & Events IPO opening date | Wednesday, September 4, 2024 |
| Mach Conferences & Events IPO closing date | Friday, September 6, 2024 |
| Basis of Allotment | Monday, September 9, 2024 |
| Initiation of Refunds | Tuesday, September 10, 2024 |
| The 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 |
Investors’ categories and Shares Offered
| 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 Lot sizes And Their Values
| Application | Lots | Shares | Amount (in Rs) |
| Retail (Min) | 1 | 600 | 1,35,000 |
| Retail (Max) | 1 | 600 | 1,35,000 |
| HNI (Min) | 2 | 1,200 | 2,70,000 |
Anchor Investors’ Details:
| Particulars | Details |
| Bid Date | September 3, 2024 |
| Shares Offered | 15,78,000 |
| Anchor Portion Size (Rs in Crores) | 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 |
Mach Conferences & Events IPO GMP
The latest Grey Market Premium (GMP) for Mach Conferences and Events SME IPO is Rs 77 as of 12:30 PM on August 30th, 2024. The IPO’s price range is between Rs 214 and Rs 225.00.
The estimated listing price for the Mach Conferences and Events SME IPO is Rs 302, calculated by adding the cap price and today’s GMP. This results in an expected percentage gain/loss per share of 34.22%. Additionally, Mach Conferences and Events SME IPO Retail Subject to Sauda is Rs 35,100.
Mach Conferences Company Details
Mach Conferences and Events Limited was established in 2004 and provides a wide range of personalized services for the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector, worldwide.
This company specializes in managing conferences, exhibitions, and global event planning. It also manages all the logistical aspects of events at specific destinations, such as venue selection, accommodation, transportation logistics, local activities, and on-site coordination.
The diverse client base includes sectors like banking, finance, insurance, hospitality, infrastructure, FMCG, and more. In the fiscal year 2023-24, the company successfully organised 90 events, each with an average revenue of Rs. 263.62 lakhs, in locations ranging from London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, to Singapore.
Their presence extends widely, with co-working spaces established in over 18 states and union territories, including Delhi, Maharashtra, Kolkata, Assam, Tamil Nadu, Jammu & Kashmir, Himachal Pradesh, Goa, and Rajasthan. As of March 31, 2024, the company had 55 staff members.
With over 20 years of experience and having organised over 300+ large and medium-size events in the previous 3 years involving 30+ of the most elite brands. The company’s operations cover multiple countries, not limited to the Indian subcontinent.
Financials of Mach Conferences & Events
Crux of the Financial Statements:
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Assets (Rs in lakhs) | 10,133.75 | 5,772.64 | 4,049.21 |
| Revenue (Rs in lakhs) | 23,898.58 | 14,193.89 | 2,383.88 |
| Profit After Tax (Rs in lakhs) | 2,618.29 | 880.76 | -260.63 |
| Net Worth (Rs in lakhs) | 4,956.72 | 2,238.47 | 1,357.71 |
| Reserves and Surplus (Rs in lakhs) | 3,075.91 | 2,233.47 | 1,352.71 |
| Total Borrowing (Rs in lakhs) | 1,233.08 | 988.53 | 509.69 |
Ratio Analysis:
| Key performance indicator (KPI) | Values |
| Return on Equity (ROE) | 72.78% |
| Return on capital employed (ROCE) | 57.57% |
| Return on net worth (RoNW) | 52.82% |
| Price to book value (P/BV) | 8.54 |
| Profit after tax (PAT) Margin (%) | 11.04 |
Mach Conferences & Events IPO RHP – Associated Risks
- According to the company’s Red Herring Prospectus (RHP), the company has taken debt in the form of overdrafts, term loans, and the loan against property with the amount of Rs 1,233.08 lakhs, as of March 31, 2024. The company has to make sure these loans are paid on time, to reduce the risk against indebtness.
- Further, the property of its corporate office is not owned by the company. In case of insolvency or any deficit, the proceeds from the company’s property can’t be used.
- In the past, the company did certain delays in meeting the statutory requirements. Some discrepancies also included non-filings, incorrect filings or delays in filing statutory forms with the Registrar of Companies (RoC). These were later rectified and additional fees was paid to solve the problems. Such monetary penalties and fines may adversely impact the company’s financial condition, business, and operational results.
- Any disturbance in the international countries where the events are to be held, may hinder the company’s operations. As most of the revenue is generated from international sources by the company, any disturbance through political instability, natural disasters, public health crisis, etc. may lead to insecurity in happening of the events.
Frequently Asked Questions (FAQs)
Who are Market Makers?
Market makers are individuals or entities registered with the stock exchange who continuously buy and sell securities in the stock market at predetermined prices. They assist listed companies in enhancing liquidity and determining the stock cost.
Who is the Market Maker for Mach Conferences & Events IPO?
Spread X Securities is the market maker for the Mach Conferences and Events IPO.
When is the Mach Conferences and Events IPO listing date on the stock exchange?
Tentatively on September 11, 2024, Mach Conferences and Events IPO is scheduled to be the listing date on BSE SME.
Who is the registrar to Mach Conferences and Events IPO?
Skyline Financial Services Private Ltd is the registrar to Mach Conferences and Events IPO.
Where’s Mach Conferences and Events headquartered?
Mach Conferences and Events is headquartered at Noida, Delhi-NCR Region, India.
From where can you download the Mach Conferences and Events RHP and DRHP?
Mach Conferences and Events RHP (Red Herring Prospectus) and DRHP (Draft Red Herring Prospectus) can be downloaded from the BSE India Website.
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