Mach Conferences and Events IPO Details: The initial public offering (IPO) of Mach Conferences and Events is set to open on September 4, 2024, and will close on September 6, 2024. This IPO is a Book Built Issue, aiming to raise approximately ₹125.28 crores. The offering includes a fresh issue of ₹50.15 crores and an offer for sale of up to 3,339,000 equity shares, each with a face value of ₹10.
The IPO price band is set between ₹214 to ₹225 per share. The allocation for retail investors is 35%, while Qualified Institutional Buyers (QIB) have a quota of 50%, and High Net-worth Individuals (HNI) have a 15% allocation. The shares of Mach Conferences and Events are expected to be listed on the Bombay Stock Exchange (BSE) on September 11, 2024, with the allotment date set for September 9, 2024.
Financial Performance
For the financial year 2024, Mach Conferences and Events reported a revenue of ₹238.99 crores, up from ₹141.94 crores in 2023. The company also saw its profit rise significantly to ₹26.18 crores in 2024, compared to ₹8.81 crores in 2023. Based on these financials, the IPO presents a promising opportunity for long-term investors.
Promoters
The company is promoted by Amit Bhatia and Laveena Bhatia.
About Mach Conferences and Events
Mach Conferences and Events is a leader in the Meetings, Incentives, Conferences, and Events (MICE) industry, offering a comprehensive range of services to organize, manage, and execute professional gatherings worldwide. Over the last three years, the company has successfully conducted more than 300 large and medium-sized events for over 30 prestigious brands across various countries, supported by a dedicated team of 55 professionals.
With over 20 years of experience and certifications from IATA, ADTOI, IATO, and PATA, Mach Conferences and Events provides end-to-end solutions for corporate meetings, conferences, trade shows, and other events, ensuring smooth planning and execution. The company primarily serves the Banking, Finance, and Insurance sectors, but it also has a strong presence in industries such as Hospitality, Infrastructure, and FMCG, among others.
Mach Conferences and Events IPO Objectives:
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- General Corporate Purpose
Mach Conferences and Events IPO Review (Apply or Not)
- Update soon
Mach Conferences and Events IPO Date & Price Band 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 |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Mach Conferences and Events IPO Lot Size:
The minimum market lot for the Mach Conferences and Events IPO is 600 shares, requiring an application amount of ₹135,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 600 | ₹135,000 |
| Retail Maximum | 2 | 600 | ₹135,000 |
| HNI Minimum | 3 | 1200 | ₹270,000 |
Mach Conferences and Events IPO Timeline:
The Mach Conferences and Events IPO will open on August 27 and close on August 29. The allotment of shares is scheduled to be finalized on August 30, with the IPO expected to be listed on September 3.
| IPO Open Date: | September 4, 2024 |
| IPO Close Date: | September 6, 2024 |
| Basis of Allotment: | September 9, 2024 |
| Refunds: | September 10, 2024 |
| Credit to Demat Account: | September 10, 2024 |
| IPO Listing Date: | September 11, 2024 |
Mach Conferences and Events IPO GMP Today:
The last Grey Market Premium (GMP) for the Mach Conferences and Events SME IPO is ₹100, as of August 31, 2024, at 11:31 AM. With a price band set at ₹225 per share, the estimated listing price for the Mach Conferences and Events SME IPO is around ₹325 (cap price + today’s GMP). This represents an expected gain of 44.44% per share.
Mach Conferences and Events Company Financial Report
The company reported revenue of ₹238.99 crores in 2024 against ₹141.94 crores in 2023. The company reported a profit of ₹26.18 crores in 2024 against a profit of ₹8.81 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹23.84 | ₹25.94 | ₹2.61 | ₹40.49 |
| 2023 | ₹141.94 | ₹131.25 | ₹8.81 | ₹57.72 |
| 2024 | ₹238.99 | ₹204.13 | ₹26.18 | ₹101.34 |
Mach Conferences and Events IPO Valuation – FY2024
Check Mach Conferences and Events IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 72.78% |
| ROCE: | 57.57% |
| EBITDA Margin: | 14.56% |
| PAT Margin: | 11.04% |
| Debt to equity ratio: | 0.25 |
| Earning Per Share (EPS): | ₹13.92 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 52.82% |
| Net Asset Value (NAV): | ₹26.35 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Exhicon Events Media Solutions Ltd | 4.87 | 69.28 | 8.56% | 56.85 | 41.18 Cr. |
| Touchwood Entertainment Limited | 3.42 | 39.67 | 10.00% | 32.70 | 32.72 Cr. |
Mach Conferences and Events IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
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, New Delhi 110043
Phone: +91 120 4747000
Email: compliance@machconferences.com
Website: http://www.machconferences.com/
Mach Conferences and Events IPO FAQs
1. What are the Mach Conferences and Events IPO opening and closing dates?
The IPO will open for subscription on August 27, 2024, and will close on August 29, 2024.
2. What is the price band for the Mach Conferences and Events IPO?
The price band for the IPO is set between ₹214 to ₹225 per share.
3. What is the lot size for the Mach Conferences and Events IPO?
The minimum lot size for the IPO is 600 shares, requiring a minimum application amount of ₹135,000.
4. What is the issue size of the Mach Conferences and Events IPO?
The IPO aims to raise approximately ₹125.28 crores, which includes a fresh issue of ₹50.15 crores and an offer for sale of up to 3,339,000 equity shares.
5. What percentage of the IPO is reserved for retail investors?
35% of the IPO is reserved for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI).
6. When will the allotment of shares be finalized?
The allotment for the Mach Conferences and Events IPO is expected to be finalized on August 30, 2024.
7. When will the shares of Mach Conferences and Events be listed?
The shares are expected to be listed on the Bombay Stock Exchange (BSE) on September 3, 2024.
8. Who are the promoters of Mach Conferences and Events?
The promoters of the company are Amit Bhatia and Laveena Bhatia.
9. What are the key financials of Mach Conferences and Events?
For the financial year 2024, the company reported a revenue of ₹238.99 crores, up from ₹141.94 crores in 2023, and a profit of ₹26.18 crores in 2024, up from ₹8.81 crores in 2023.
10. What is the Grey Market Premium (GMP) for the Mach Conferences and Events IPO?
As of August 31, 2024, the last reported GMP for the Mach Conferences and Events IPO is ₹100.
11. What is the estimated listing price of the Mach Conferences and Events IPO?
Based on the current GMP of ₹100, the estimated listing price is around ₹325 per share.
12. How can I apply for the Mach Conferences and Events IPO?
You can apply for the IPO through ASBA (Application Supported by Blocked Amount) via your bank account or through UPI (Unified Payments Interface) using your broker’s platform.
13. Is Mach Conferences and Events a good company to invest in?
Mach Conferences and Events has shown strong financial growth with increasing revenues and profits. However, potential investors should evaluate the company’s fundamentals, market position, and future growth prospects before investing.
