The Mach Conferences and Events IPO is set to open on September 4, 2024, and will close on September 6, 2024. This Book Built Issue IPO aims to raise approximately ₹125.28 crores, comprising a fresh issue of ₹50.15 crores and an offer for sale of 3,339,000 equity shares with a face value of ₹10 per share.
IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | September 4, 2024 |
| IPO Close Date | September 6, 2024 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹214 to ₹225 Per Share |
| Issue Size | Approx ₹125.28 Crores |
| Fresh Issue | Approx ₹50.15 Crores |
| Offer for Sale | Approx 3,339,000 Equity Shares |
| IPO Listing | BSE SME |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
Market Lot
Investors can apply for the Mach Conferences and Events IPO with a minimum market lot of 600 shares. The minimum investment required is ₹135,000. The retail investors can apply for up to 2 lots, making the maximum investment ₹270,000.
Mach Conferences and Events IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | September 4, 2024 |
| IPO Close Date | September 6, 2024 |
| Basis of Allotment | September 9, 2024 |
| Refunds Initiated | September 10, 2024 |
| Credit to Demat Account | September 10, 2024 |
| IPO Listing Date | September 11, 2024 |
About Mach Conferences and Events
Mach Conferences and Events is a prominent player in the MICE (Meetings, Incentives, Conferences, and Events) industry. With over 20 years of experience, the company has organized more than 300 large and medium-sized events for 30+ elite brands across various industries like Banking, Finance, Insurance, Hospitality, Infrastructure, and FMCG. The company’s global operations are supported by a team of 55 dedicated employees and it holds certifications from IATA, ADTOI, IATO, and PATA.
Financial Performance
The financials of Mach Conferences and Events have shown significant growth. In 2024, the company reported a revenue of ₹238.99 crores, a substantial increase from ₹141.94 crores in 2023. The profit also grew from ₹8.81 crores in 2023 to ₹26.18 crores in 2024.
| Year | Revenue (₹ in Crores) | Profit After Tax (₹ in Crores) |
|---|---|---|
| 2022 | ₹23.84 | ₹2.61 |
| 2023 | ₹141.94 | ₹8.81 |
| 2024 | ₹238.99 | ₹26.18 |
Mach Conferences and Events IPO Valuation
The Mach Conferences and Events IPO offers various valuation metrics that provide insights into the company’s financial health:
- ROE (Return on Equity): 72.78%
- ROCE (Return on Capital Employed): 57.57%
- EBITDA Margin: 14.56%
- PAT (Profit After Tax) Margin: 11.04%
- Debt to Equity Ratio: 0.25
- Earnings Per Share (EPS): ₹13.92 (Basic)
- Net Asset Value (NAV): ₹26.35
Peer Comparison
When comparing Mach Conferences and Events with its peers, it shows a strong financial position. Here’s a brief comparison:
| Company | EPS | PE Ratio | RoNW % | NAV | Income (₹ in Crores) |
|---|---|---|---|---|---|
| Exhicon Events Media Solutions Ltd | 4.87 | 69.28 | 8.56% | 56.85 | 41.18 |
| Touchwood Entertainment Limited | 3.42 | 39.67 | 10.00% | 32.70 | 32.72 |
Objects of the Issue
The funds raised from the Mach Conferences and Events IPO will be used for the following purposes:
- To meet working capital requirements.
- For general corporate purposes.
Mach Conferences and Events IPO Review
Several financial institutions and brokerage firms, including Canara Bank, Emkay Global, and ICICIdirect, have reviewed the Mach Conferences and Events IPO. Their analysis suggests that the company’s strong financials and growth potential make it a viable option for long-term investment. Investors should consider applying for this IPO to benefit from its promising future.
How to Apply for Mach Conferences and Events IPO
Investors can apply for the Mach Conferences and Events IPO through the ASBA process via their bank accounts. Additionally, they can apply online via UPI through stock brokers or fill out offline forms available with their brokers.
Mach Conferences and Events IPO FAQs
1. What is the Mach Conferences and Events IPO?
The Mach Conferences and Events IPO is an SME IPO through which the company plans to raise ₹125.28 crores. The issue is priced between ₹214 to ₹225 per equity share and will be listed on BSE.
2. When will the Mach Conferences and Events IPO open for subscription?
The IPO will open on September 4, 2024 for QIB, NII, and retail investors, and will close on September 6, 2024.
3. What is the Mach Conferences and Events IPO issue size?
The total issue size is ₹125.28 crores, with a fresh issue of ₹50.15 crores and an offer for sale of 3,339,000 equity shares.
4. What is the price band for the Mach Conferences and Events IPO?
The price band is set between ₹214 to ₹225 per equity share.
5. What is the Mach Conferences and Events IPO lot size?
The minimum bid is 600 shares, which requires an investment of ₹135,000.
6. What is the Mach Conferences and Events IPO allotment date?
The allotment will be finalized on September 9, 2024.
7. What is the Mach Conferences and Events IPO listing date?
The IPO is expected to list on September 11, 2024 on the BSE.
Conclusion
The Mach Conferences and Events IPO offers a strong opportunity for investors looking for long-term gains. With robust financials and a promising growth trajectory, it stands as a compelling investment in the MICE industry. For those interested, applying through the ASBA process or via UPI through stock brokers is recommended.
Be sure to check the IPO Grey Market Premium, IPO Allotment Status, and Upcoming IPOs sections for more insights.
