The Mach Conferences and Events Limited IPO is set to open for subscription on September 4, 2024, and will close on September 6, 2024. This IPO, priced between ₹214 to ₹225 per share, offers a combination of fresh issues worth ₹50.15 crores and an offer for sale amounting to ₹75.13 crores.
Investors can apply for Mach Conferences and Events Private Limited IPO with a minimum lot size of 600 shares, requiring a retail investment of ₹135,000. For high-net-worth individuals, the minimum investment is ₹270,000 for 1,200 shares. The IPO is set to be listed as a Mach Conferences and Events SME IPO on the BSE SME with a tentative date of September 11, 2024. Stay tuned as we explore the upcoming IPOs to invest in and more details about the Mach Conferences and Events Limited IPO.
The IPO details include a price band, lot size, and minimum investment amounts for both retail investors and HNIs. Please refer to the table below for specific figures.
| Mach Conferences and Events Limited IPO listing date | September 4, 2024 to September 6, 2024 |
| IPO date | September 4, 2024 to September 6, 2024 |
| Lot size | 600 Shares |
| Total issue size | 5,568,000 shares(aggregating up to ₹125.28 Cr) |
| Share holding pre issue | 18,808,100 |
| Share holding post issue | 21,037,100 |
| Face value | ₹10 per share |
| Offer for sale | 3,339,000 shares of ₹10(aggregating up to ₹75.13 Cr) |
| Mach Conferences and Events Limited IPO price band | ₹214 to ₹225 per share |
| Fresh issue | 2,229,000 shares(aggregating up to ₹50.15 Cr) |
| Listing at | BSE SME |
| Market maker portion | 300,000 sharesSpread X Securities |
| Issue type | Book Built Issue IPO |
The IPO timeline includes essential dates such as the opening and closing of the subscription, allotment finalisation, and the listing date. Please refer to the table below for the complete 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 |
Founded in 2004, Mach Conferences and Events Limited provides tailored services in the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector. Specialising in conference and exhibition management, as well as global event planning, the company handles logistics, including venue selection, accommodation, transportation, and on-site coordination.
Serving clients in banking, finance, insurance, and various industries like hospitality and FMCG, the company conducted 90 events across locations such as London, Paris, Bangalore, and Singapore in FY 2023-24, with an average revenue of ₹263.62 lakhs per event. With co-working spaces in over 18 states and union territories, Mach Conferences and Events Limited employs 55 people as of March 31, 2024.
In the financial years ending March 31, 2023, and March 31, 2024, Mach Conferences and Events Limited saw a 68% increase in revenue and a remarkable 197% rise in profit after tax (PAT).
| Period Ended | Sunday, March 31, 2024 | 31 March 2023 | 31 March 2022 |
| Revenue | 23,898.58 | 14,193.89 | 2,383.88 |
| Assets | 10,133.75 | 5,772.64 | 4,049.21 |
| Net worth | 4,956.72 | 2,238.47 | 1,357.71 |
| Total borrowing | 1,233.08 | 988.53 | 509.69 |
| Profit after tax | 2,618.29 | 880.76 | -260.63 |
| Reserves and surplus | 3,075.91 | 2,233.47 | 1,352.71 |
| Amount in ₹ Lakhs | |||
Over the years, the company has established a strong niche in MICE-related customised services. After a setback in FY22 due to the pandemic, it rebounded in FY23 and posted strong numbers in FY24, signalling promising prospects ahead. The issue is fully priced based on FY24 earnings. With the growing demand for tourism and event-related activities, the company is well-positioned for continued growth. Investors may consider parking funds for the medium to long term.
The Mach Conferences and Events Limited IPO offers a compelling IPO investment opportunity with a market capitalisation of ₹473.33 crore. As of March 31, 2024, the company demonstrates strong KPIs, including a 72.78% ROE, 57.57% ROCE, and 52.82% RoNW, with a P/BV of 8.54 and a PAT margin of 11.04%. Pre-IPO EPS is ₹13.92, while post-IPO EPS is projected at ₹12.45, with the P/E ratio moving from 16.16x to 18.08x.
The net profits from the fresh issue will be used to meet working capital requirements and general corporate purposes. As one of the upcoming IPOs to invest in, Mach Conferences and Events Limited is well-positioned for medium—to long-term growth potential, especially given the rising demand in the MICE sector.
The Mach Conferences and Events IPO is an SME offering of 5,568,000 equity shares with a face value of ₹10 each, totalling up to ₹125.28 crores. Priced at ₹214-225 per share, it opens from September 4-6, 2024, and will list on BSE SME.
The lot size for the Mach Conferences and Events IPO is 600 shares, requiring a minimum investment of ₹135,000.
The exact listing date for the Mach Conferences and Events IPO has yet to be announced. However, the tentative listing date is set for Wednesday, September 11, 2024.
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