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Party Cruisers IPO Guidance:
The company has business with strong growth potential. It has consistent topline and bottomline ( yes, current year weak performance due to Covid, we can understand.)There is no such listed company and hence stock market may offer better valuations . Only risk is SME IPO where you have to invest larger amount.
Party Cruisers Company Details
Mumbai headquartered Party Cruisers Limited has focused on fast growing business of wedding management and event management . The company offers a range of event activities from pre-wedding to during wedding and post-wedding activities such as in-house designing, destination wedding decor, etc.
Now a days the clients demand, from the initial conception ,pre-event publicity, venue search, booking, transportation) to on-site management, staffing, entertainment, set-up, and designing) and post-event facilities ,final material distribution, post-event report, attendance assessment and all these activities are managed by Party Cruisers to provide an ambiance and luxury feeling to customers. The company has registered two brands “Vivaah” and “Vows-Away and Beyond” to offer professional wedding services whereas event management facilities are provided under its own-brand “Event Factory” and through franchisee. It has also developed a brand “Live Space” which specializes in the venue and set construction, designing as well as consulting facilities for weddings.
Share of Revenue
Revenues from wedding management activities approx 75%
Revenues for event management activities approx 25%
The strengths of the company:
*Experienced team of promoters
*Established brand name and strong franchisee model.
*Well-established relationship with suppliers.
*Strong in-house designing capabilities.
*wide Range of services including wedding and event management.
*Diversified revenue stream.
.For more study : www.partycruisersindia.com/
Mr. Zuzer Hatim Lucknowala &
Mrs. Rachana Zuzer Lucknowala
Party Cruisers IPO Main Objects
To meet working capital requirements & to purchase certain equipments
Party Cruisers IPO Details
IPO Opens on : Feb 22 2021
IPO Closes on : Feb 25 2021
Issue Type: Book Built Issue IPO
Issue :Fresh Issue Up to 15,20,000 Equity Shares aggregating to Rs 7.75 Cr
Face Value per share : Rs. 10
Party Cruisers IPO Price Per Equity Share: Rs. 51
Party Cruisers IPO Lot Size 2000 Shares
Party Cruisers IPO Listing will at BSE SME
Party Cruisers IPO Opens on Feb 08 2021
Party Cruisers IPO Closes on Feb 10 2021
Party Cruisers IPO Listing on March 5, 2021
Party Cruisers IPO Financial Details :
Total Income 2018-19 Rs 18.88 Cr
Total Income 2019-20 Rs 15.89 Cr
Net Profit for 2018-19 Rs 1.93 Cr
Net Profit for 2018-19 Rs 1.30 Cr
There is no listed peer group company
IPO Lead Managers
First Overseas Capital Limited
Registrar to the IPO
KFintech Private Limited
Registered Office of Party Cruisers
303/304/305, Simran Plaza,
Khar 4th Road,
Next to Regal Enclave Hotel,
Mumbai – 400 052
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