Mach Conferences and Events Limited (BSE SME)

Sep 4, 2024 - Sep 6, 2024

Price ₹214 - ₹225
Premium ₹145
Lot size 600
Allotment Sep 9, 2024
Listing Sep 11, 2024
Category Lot(s) Qty Amount Reserved
Retail 1 600 135000 3075
HNI 2 1200 270000 1319

Last updated on 06-Sep-2024 21:12:24

CategoryOfferedAppliedTimes
QIBs1053600154521600146.66
HNIs791400319780200404.07
Retail1845000251818200136.49
Total3690000726120000196.78
Total Applications: 473709
HNI Interest Cost Per Share (7 Days)
@7%
₹122.05		@8%
₹139.49		@9%
₹156.92		@10%
₹174.36		@11%
₹191.79		@12%
₹209.23
About

IPO Reservation

Investor CategoryShares OfferedNo. of Shares
Retail33.27%1845000
NII (HNI)14.25%791400
Anchor28.47%1578000
QIB18.98%1053600
Market Maker5.03%300000
Total 100.00%5568000

Mach Conferences and Events IPO Details

Issue Size5,568,000 shares
(aggregating up to ₹125.28 Cr)
Fresh Issue2,229,000 shares
(aggregating up to ₹50.15 Cr)
Offer for Sale3,339,000 shares of ₹10
(aggregating up to ₹75.13 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share holding pre issue18,808,100
Share holding post issue21,037,100
Market Maker portion300,000 shares
Spread X Securities

Key Performance Indicator

KPIMar-24Mar-23Mar-22
ROE72.78%48.98%-17.52%
ROCE57.57%34.06%-9.57%
RONW52.82%39.35%-19.20%
EPS
(Diluted)		13.924.68-1.39
P/E
Pre IPO		16.16
P/E
Post IPO		18.08

Company Financials

Mach Conferences and Events Limited Financial Information (Restated Standalone)

Mach Conferences and Events Limited's revenue increased by 68% and profit after tax (PAT) rose by 197% between the financial year ending with March 31, 2024 and March 31, 2023.

PeriodMar 2024Mar 2023Mar 2022
Assets10,133.755,772.644,049.21
Revenue23,898.5814,193.892,383.88
Profit2,618.29880.76-260.63
Net Worth4,956.722,238.471,357.71
Reserves3,075.912,233.471,352.71
Borrowing1,233.08988.53509.69
Amount in ₹ Lakhs

About Company

Founded in 2004, Mach Conferences and Events Limited specializes in providing a comprehensive range of customized services for the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector. The company excels in conference and exhibition management, as well as global event planning, handling all logistical aspects such as venue selection, accommodation, transportation, local activities, and on-site coordination. Serving clients primarily from the banking, finance, and insurance sectors, Mach Conferences and Events Limited has also worked across various industries including hospitality, infrastructure, and FMCG. In the financial year 2023-24, the company managed 90 events across diverse locations such as London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, and Singapore, with average revenue of Rs. 263.62 lakhs per event.As of March 31, 2024, the company had a total of 55 employees.
 
Lead Manager(s)

Beeline Capital Advisors Pvt Ltd

Strength

End-to-End Solutions: Provides comprehensive services covering all aspects of event management.

Long-Term Customer Relationships: Focuses on building and maintaining lasting client partnerships.

Proven Track Record: Demonstrates a strong history of successful event management.

Weakness

Leased Office Space: Reliance on rented office spaces for operational and corporate functions may affect stability.

Input Tax Credit Risks: Limited operational presence in various states and union territories may impact the ability to fully utilize Input Tax Credit benefits.

Ongoing Litigation: Pending legal issues could negatively impact the company’s business, reputation, and financial performance.

Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php