E Factor Experiences was incorporated on January 2, 2003. The company offers a range of services including event experiences, event management, and technology-based permanent and semi-permanent multimedia light and sound installations. It also provides specialized turnkey event assignments, wedding management, as well as private and social event solutions.
| Bidding Dates |
|---|
| 27 Sep 2023 - 03 Oct 2023 |
| Subscription |
|---|
| 68.05x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 1600 | 3.5 M | ₹71 - ₹75 | 73.59 % | ₹245.4 M - ₹259.2 M | RHP DOC |
E Factor Experiences IPO SUBSCRIPTION STATUS
03 Oct '23E Factor Experiences IPO overall subscription rate was 68.05 times the total available shares
E Factor Experiences IPO retail subscription rate was 63.44 times in the retail segment
E Factor Experiences IPO non-institutional investor subscription rate was 224.09 times in the non-institutional investor category
E Factor Experiences IPO Qualified Institutional Bidder subscription rate was 24.46 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 Oct 2023 (Day 4) | 63.44x | 224.09x | 24.46x |
29 Sep 2023 (Day 3) | 3.56x | 4.44x | 3.72x |
28 Sep 2023 (Day 2) | 2.14x | 3.97x | 0.53x |
27 Sep 2023 (Day 1) | 0.7x | 3.48x | 0.53x |
E Factor Experiences FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 75.3 | 1,192.6 | 17.7 | 48.0 | 10.1% |
| FY22 | 25.3 | 566.2 | 72.1 | 24.3 | 7.4% |
| FY21 | 12.3 | 62.2 | -20.6 | 49.7 | - |
E Factor Experiences IPO SUBSCRIPTION STATUS DETAILS
E Factor Experiences had 3.5 M shares on offer
E Factor Experiences IPO offer price was in the range ₹71 - ₹75
E Factor Experiences IPO minimum Investment was ₹120000
E Factor Experiences IPO issue size was ₹ 245.4 M - ₹ 259.2 M
E Factor Experiences had a minimum lot size of 1600 Shares per application
E Factor Experiences NUMBER OF SHARES ON OFFER
E Factor Experiences IPO IMPORTANT DATES
| Issue Open Date | 27 Sep 2023 |
| Issue close Date | 03 Oct 2023 |
| Allotment Date | 06 Oct 2023 |
| Refund Date | 06 Oct 2023 |
| Demat Account Credit Date | 09 Oct 2023 |
| Listing Date | 09 Oct 2023 |
| Listing on Exchange(s) | NSE |
| E Factor Experiences Allotment Status | Exchange |
E Factor Experiences IPO subscription opened on 27 Sep 2023, and closed on 03 Oct 2023
IPO allotment for E Factor Experiences was finalized on Friday, 06 Oct 2023
IPO listing for E Factor Experiences was on NSE on Monday, 09 Oct 2023
E Factor Experiences IPO LISTING GAINS
| Issue Price (adjusted) | 75.0 |
| Listing Open Price | 115.0 |
| Listing Close Price | 120.8 |
| Listing Gain% | 53.3% |
| Current Gain% | 160.0% |
E Factor Experiences Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| E Factor Experiences Ltd. | 195 | 255.2 | 13 | -4.7 | 1.3 | 21.8 | 12.2 | 192.6 | 10.9 | 19.7 | -2.5 | 15 | -2.8 |
| Sagility Ltd. | 43.2 | 20218.7 | 20.4 | 0.4 | 2.7 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 342.2 | 14790.7 | 24.3 | 1 | 10.9 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 27 | 6299.1 | 15 | 0 | 5.7 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 440.3 | 6221.8 | 42.5 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 524.3 | 4341.8 | 37.7 | 1.5 | 5.8 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
E Factor Experiences INFORMATION ON IPO ISSUE
About E Factor Experiences
E Factor Experiences was incorporated on January 2, 2003. The company offers a range of services including event experiences, event management, and technology-based permanent and semi-permanent multimedia light and sound installations. It also provides specialized turnkey event assignments, wedding management, as well as private and social event solutions.
Object of the Issue
- Investment in subsidiary
- To meet working capital requirements
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company
- General corporate purpose
E Factor Experiences - PROMOTERS
| Name |
|---|
| Jai Thakore |
| Samit Garg |
| Aruna Garg |
| Manika Garg |
E Factor Experiences Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
E Factor Experiences Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
E Factor Experiences Strengths
One-stop solution
The company offers comprehensive services that cover various aspects of an event, from pre-event planning to execution and post-event functions. It serves as a one-stop solution for all the event-related needs of our customers
Established track record
The company has been engaged in the event management industry for over two decades and has an established track record of organizing and executing various events for its clients
Established relationship
The company has built strong relationships with various vendors to manage essential aspects of events, including food and beverage catering, venue booking, transportation, and hospitality
E Factor Experiences Risks
Legal proceedings
The company, its directors and promoters are involved in certain legal proceedings. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect the business
Limited geographies
The company derives a significant portion of its revenue from limited geographies and relies on a few key customers. Venturing into new geographic areas may not yield profits comparable to those generated from existing major contracts, thereby introducing a risk to revenue stability
Negative net cash flows
The company has experienced negative net cash flows in the past, and there is a possibility that this trend could continue in the future. Sustained negative cash flows could adversely impact the company's growth prospects and overall financial stability
IPO FAQs
The promoters of the company are Jai Thakore, Samit Garg, Aruna Garg and Manika Garg.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 71.0 - 75.0.
The IPO application opens on Sep 27, 2023 and closes on Oct 03, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Oct 06, 2023.
The refund will be credited to your account on Oct 06, 2023.
The allotted shares will be credited to your demat on Oct 09, 2023.
E Factor Experiences Ltd.’s shares listed on the stock exchanges on Oct 09, 2023.