Mach Conferences and Events Ltd. logo

Mach Conferences and Events was incorporated on April 29, 2004. The company offers a comprehensive range of services tailored for the MICE (Meetings, Incentives, Conferences, Exhibitions) and Events sector. It specializes in event planning, handling everything from venue selection to on-site coordination for conferences and exhibitions.

Bidding Dates
04 Sep 2024 - 06 Sep 2024
Subscription
181.99x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue Price BandPost Issue Promoter Holding %Issue SizeIPO Document
₹128,400116005.6 M₹214 - ₹22569.93 %₹1,191.6 M - ₹1,252.8 MRHP DOC

Mach Conferences and Events Ltd. IPO SUBSCRIPTION STATUS

06 Sep '24
Total181.99x
Retail Individual Investor136.49x
HNI (NII) Investors293x
Qualified Institutional Buyers146.66x

Mach Conferences and Events Ltd. IPO overall subscription rate was 181.99 times the total available shares

Mach Conferences and Events Ltd. IPO retail subscription rate was 136.49 times in the retail segment

Mach Conferences and Events Ltd. IPO non-institutional investor subscription rate was 293 times in the non-institutional investor category

Mach Conferences and Events Ltd. IPO Qualified Institutional Bidder subscription rate was 146.66 times the available shares for Qualified Institutional Bidder

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation35%15%50%
06 Sep 2024
(Day 3)
136.49x293x146.66x
05 Sep 2024
(Day 2)
33.54x16.12x4.05x
04 Sep 2024
(Day 1)
9.88x5.69x3.52x

Mach Conferences and Events Ltd. 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
FY24 261.8 2372.6 177.2 139.4 14.6%
FY23 88.1 1412.9 -33.0 -78.5 7.7%
FY22 -26.1 231.4 -66.2 -157.0 -10.0%

Mach Conferences and Events Ltd. IPO SUBSCRIPTION STATUS DETAILS

Mach Conferences and Events Ltd. had 5.6 M shares on offer

Mach Conferences and Events Ltd. IPO offer price was in the range ₹214 - ₹225

Mach Conferences and Events Ltd. IPO minimum Investment was ₹128400

Mach Conferences and Events Ltd. IPO issue size was ₹ 1,191.6 M - ₹ 1,252.8 M

Mach Conferences and Events Ltd. had a minimum lot size of 600 Shares per application

Mach Conferences and Events Ltd. NUMBER OF SHARES ON OFFER

Total5.6 M
Fresh Issue2.2 M
Offer for Sale3.3 M
Post Issue Promoter Holding %69.93 %

Mach Conferences and Events Ltd. IPO IMPORTANT DATES

Issue Open Date04 Sep 2024
Issue close Date06 Sep 2024
Allotment Date09 Sep 2024
Refund Date10 Sep 2024
Demat Account Credit Date10 Sep 2024
Listing Date11 Sep 2024
Listing on Exchange(s)BSE
Mach Conferences and Events Ltd. Allotment StatusExchange

Mach Conferences and Events Ltd. IPO subscription opened on 04 Sep 2024, and closed on 06 Sep 2024

IPO allotment for Mach Conferences and Events Ltd. was finalized on Monday, 09 Sep 2024

IPO listing for Mach Conferences and Events Ltd. was on BSE on Wednesday, 11 Sep 2024

Mach Conferences and Events Ltd. IPO LISTING GAINS

Issue Price (adjusted)225.0
Listing Open Price300.0
Listing Close Price295.6
Listing Gain%33.3%
Current Gain%-2.1%

Mach Conferences and Events Ltd. Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Mach Travel Solutions Ltd.220.4463.629.62.8112.98.6233.3-2.415.710.57.410.5
Urban Company Ltd.158.124385-53.40.113-11-8.71692.234.2-234.8-197.9-3-358.8
WeWork India Management Ltd.681.69466.196.40.33.42512490.42374.4-41.67.1280.1
Rentomojo Ltd.579.46031.935.316.3394.144.9104.3142
Smartworks Coworking Spaces Ltd.515.85900.3104.10.42.820.21849.931.210.5116.75278.9
Indiqube Spaces Ltd.184.33907.5-56.2-1.52.3-20.6-1.61527.538.5-106.323.8-3.337.8

Mach Conferences and Events Ltd. INFORMATION ON IPO ISSUE

About Mach Conferences and Events Ltd.

Mach Conferences and Events was incorporated on April 29, 2004. The company offers a comprehensive range of services tailored for the MICE (Meetings, Incentives, Conferences, Exhibitions) and Events sector. It specializes in event planning, handling everything from venue selection to on-site coordination for conferences and exhibitions.

Object of the Issue

  • To meet working capital requirements
  • General corporate purpose

Mach Conferences and Events Ltd. - PROMOTERS

Name
Amit Bhatia
Laveena Bhatia

Mach Conferences and Events Ltd. Lead Manager of the Issue

Beeline Capital Advisors Private Limited

mb@beelinemb.com

Mach Conferences and Events Ltd. Registrar to the issue

Skyline Financial Services Private Limited

ipo@skylinerta.com

Mach Conferences and Events Ltd. Strengths

Relationships with Customer

The company makes sure clients feel valued by offering clear communication, personalized solutions, and strong support, building trust and loyalty for lasting partnerships

Strength

Relationship with Event Partners

To ensure event success, the company handles venue arrangements, invitation preparation, transportation, and hospitality. Vendors are chosen based on past performance and quality, allowing the company to secure priority and high-quality services through established relationships

Strength

Mach Conferences and Events Ltd. Risks

Casualty Risks

The company faces risks from accidents, medical emergencies, or unexpected events that could harm attendees and organizers. These issues pose immediate safety threats and can lead to financial and reputational damage

Risk

Employee Misconduct

The company could face issues from employee misconduct or errors that are difficult to detect, potentially harming its financial health, operations, and reputation

Risk

Competitive Market

The company operates in a highly competitive industry where aggressive pricing is common. As a result, it may need to bid more aggressively and accept less favorable terms. Without new projects, business growth and revenue could suffer, particularly when competing against larger, more resourceful firms

Risk

IPO FAQs

  • This IPO consists of an offer for sale of up to Rs 75.1 crore, of 3,339,000 shares. It also consists of a fresh issue of Rs 50.2 crore.
  • The promoters of the company are Amit Bhatia and Laveena Bhatia.
  • 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 214.0 - 225.0.
  • The IPO application opens on Sep 04, 2024 and closes on Sep 06, 2024.
  • The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
  • For all category investors, the minimum application amount for this IPO is Rs. 128,400.0, the maximum value for this IPO is Rs 135,000.0.
  • This IPO will be allotted on Sep 09, 2024.
  • The refund will be credited to your account on Sep 10, 2024.
  • The allotted shares will be credited to your demat on Sep 10, 2024.
  • Mach Conferences and Events Ltd.’s shares listed on the stock exchanges on Sep 11, 2024.