September 11, 2024
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Mach Conferences IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Mach Conferences listing Review
Listed @ Rs. 300, premium of 33.33%. The listing has been disappointment to the grey market players, who anticipated listing at around Rs. 395/400
Mach Conferences IPO allotment Link
What was the last grey market premium of Mach Conferences IPO?
GMP Rs. 170
Subscription status of Mach Conferences IPO
Mach Conferences and Events IPO (Day 2)Price Rs. 225 Lot 600 shares, Rs. 125.28 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 4.05 | 21.85 | 33.53 | 22.61 | 128486 (41.78x) |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Mach Conferences?
Mach Conferences provides comprehensive array of services tailor made for MICE (Meeting, Incentives, Conferences, Exhibitions) and Events sector. Its experience ranges for arranging small corporate events to large global events. It is specialized in conference management, Exhibition management and Global Event Planning. It also manages all logistical aspects of events at specific destinations. This includes venue selection, accommodation arrangements, transportation logistics, local activities, and on-site coordination. It has 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 to explore new venues and new ways to impress its clients.
Majorly, its clientele is from Banking, Finance and Insurance Sector. However, it has worked for various industries including Hospitality, Infrastructure, FMCG etc. During last financial years i.e. 2023-24, it has completed 90 events including events conducted at London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, Singapore etc. The average revenue for the conducting such events in the FY 2023-24 was Rs. 263.62 lakhs per event
Get more information about the company @ http://www.machconferences.com/
Mach Conferences IPO Details |
|
| IPO opens on | 4 September 2024 |
| IPO closes on | 6 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5568000 Shares / Rs 125.28 Crore |
| * Fresh Issue | 5568000 Shares / Rs 125.28 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 300000 Shares |
| Net offer to Public | 5268000 Shares/ Rs.118.53 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.214-225 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 600 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 2634000 | 59.27 |
| NII (15%) | 790200 | 17.78 |
| RII (35%) | 1843800 | 41.48 |
| Total Shares | 5268000 | 118.53 |
| Retail portion will be oversubscribed by | 3073 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 600 Shares | Rs.135000 |
| Min HNI Application | 1200 Shares | Rs.270000 |
Who are the Promoters of Mach Conferences IPO?
Amit Bhatia and Laveena Bhatia are the company promoters
What are the Objects of Mach Conferences IPO?
The Offer comprises of fresh issue of shares.
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- General Corporate Purpose
Tentative timetable |
|
| IPO opens on | 4 September 2024 |
| IPO Closes on | 6 September 2024 |
| IPO Allotment on | 9 September 2024 |
| Refund Initiation | 10 September 2024 |
| Credit of Shares | 10 September 2024 |
| Listing on | 11 September 2024 |
| Registered Office of the Company Mach Conferences and Events Limited Office No-4, 2nd/Floor, Master Space, Plot No-27,Kh/Mustatil No.-154, Killa No-19/2, Uggarsain Park Najafgarh Street No 2, Najafgarh, NewDelhi 110043 |
| Who is the Lead Manager of this IPO? Beeline Capital Advisors Pvt ltd |
|
Who is the Registrar to IPO? |
Mach Conferences IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Mach Conferences IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 23.84 | -2.60 | -1.39 | -19 |
| 2022-23 | 141.94 | 8.81 | 4.68 | 39 |
| 2023-24 | 238.94 | 26.18 | 13.92 | 53 |
| Book Value of the Share on 31.03.2024 |
Rs | 26.35 | ||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 225 | ||
IPO
|
|
| Price/EPS of 23-24 | 16.16 |
| Price/BV Ratio | 8.54 |
| Price/BV after IPO | |
How Excellent Wires IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Mach Conference | 10 | 237 | 16.16 |
| Exhicon Events | 10 | 41 | 69.28 |
| Touchwood Entertainment | 10 | 33 | 39.67 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Mach Conferences IPO Review
Mach Conferences provides comprehensive array of services tailor made for MICE (Meeting, Incentives, Conferences, Exhibitions) and Events sector.
Size: Net size of the IPO is Rs.118.53 crore, comprising of 5268000 shares. The size of the IPO is very large and so oversubscription is a bit difficult.
Financial Snapshot: The company has shown sharp rise in its bottomline in the year prior to the IPO.
+ from fundamental angle: May Apply
+ from grey market angle: ?
Quicklinks
Mach Conferences IPO GMP today allotment, review?
Mach Conferences IPO GMP grey market premium
Mach Conferences IPO FAQs
What is Mach Conferences IPO?
This is a SME IPO of 5568000 equity shares of the face value of Rs. 10 aggregating up to Rs.125.28 Crores. The issue is priced at Rs.214-225 per share. The minimum order quantity is 600 Shares.
When will Mach Conferences IPO subscription open?
Mach Conferences IPO opens on September 4, 2024, and closes on September 8, 2024.
What is the lot size of Mach Conferences IPO?
Mach Conferences IPO lot size is 600 Shares, and the minimum amount required is Rs.135000
How to apply for Mach Conferences IPO?
You can apply in Mach Conferences IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Mach Conferences IPO allotment?
The finalization of Basis of Allotment for Mach Conferences IPO will be done on September 9, 2024, and the allotted shares will be credited to your demat account by September 10, 2024.
When is Mach Conferences IPO listing date?
Mach Conferences IPO listing date is September 11, 2024.
