Party Cruisers Limited is specialized in wedding management and event management activities. The company offers a range of event activities from pre-wedding to during wedding and post-wedding activities such as in-house designing, destination wedding decor and so on.
| Bidding Dates |
|---|
| 22 Feb 2021 - 25 Feb 2021 |
| Subscription |
|---|
| 1.25x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,02,000 | 1 | 1 | 2000 | 1.5 M | ₹51 | 72.86 % | ₹77.5 M | RHP DOC |
Party Cruisers IPO SUBSCRIPTION STATUS
25 Feb '21Party Cruisers IPO overall subscription rate was 1.25 times the total available shares
Party Cruisers IPO retail subscription rate was 2.26 times in the retail segment
Party Cruisers IPO non-institutional investor subscription rate was 0.34 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
24 Feb 2021 (Day 3) | 1.25x | 0.25x | - |
25 Feb 2021 (Day 4) | 2.26x | 0.34x | - |
22 Feb 2021 (Day 1) | 0.19x | 0.01x | - |
23 Feb 2021 (Day 2) | 0.68x | 0.14x | - |
Party Cruisers 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) |
| 6MFY21 | 2.3 | 15.9 | -2.5 | -2.5 |
| FY20 | 10.0 | 150.9 | -4.3 | -11.1 |
| FY19 | 19.3 | 183.8 | 18.1 | 17.6 |
| FY18 | 14.8 | 147.6 | 20.7 | 17.4 |
Party Cruisers IPO SUBSCRIPTION STATUS DETAILS
Party Cruisers had 1.5 M shares on offer
Party Cruisers IPO offer price was ₹51
Party Cruisers IPO minimum Investment was ₹102000
Party Cruisers IPO issue size was ₹ 77.5 M
Party Cruisers had a minimum lot size of 2000 Shares per application
Party Cruisers NUMBER OF SHARES ON OFFER
Party Cruisers IPO IMPORTANT DATES
| Issue Open Date | 22 Feb 2021 |
| Issue close Date | 25 Feb 2021 |
| Allotment Date | 02 Mar 2021 |
| Refund Date | 03 Mar 2021 |
| Demat Account Credit Date | 04 Mar 2021 |
| Listing Date | 05 Mar 2021 |
| Listing on Exchange(s) | BSE |
| Party Cruisers Allotment Status | Exchange |
Party Cruisers IPO subscription opened on 22 Feb 2021, and closed on 25 Feb 2021
IPO allotment for Party Cruisers was finalized on Tuesday, 02 Mar 2021
IPO listing for Party Cruisers was on BSE on Friday, 05 Mar 2021
Party Cruisers IPO LISTING GAINS
| Issue Price (adjusted) | 25.5 |
| Listing Open Price | 54.0 |
| Listing Close Price | 51.3 |
| Listing Gain% | 5.9% |
| Current Gain% | 236.3% |
Party Cruisers 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Party Cruisers Ltd. | 85.8 | 48 | 8.1 | -0.3 | 0.3 | 22.4 | 16.9 | 147.8 | 26.2 | 12.7 | 52.4 | 10.6 | -28.8 |
| Urban Company Ltd. | 143.7 | 22167.3 | -66.4 | 0.3 | 12.9 | -11 | -8.7 | 1692.2 | 34.2 | -234.8 | -197.9 | -2.2 | -242.6 |
| WeWork India Management Ltd. | 755.4 | 10469.1 | 124.3 | -3 | 4 | 25 | 1 | 2490.4 | 23 | 74.4 | -41.6 | 6.1 | -41 |
| Smartworks Coworking Spaces Ltd. | 486.8 | 5562.3 | 199.6 | 1.2 | 2.8 | 2 | 0.2 | 1849.9 | 31.2 | 10.5 | 116.7 | 2.4 | 162.8 |
| Indiqube Spaces Ltd. | 182.6 | 3871.1 | -36.4 | -1.5 | 2.7 | -20.6 | -1.6 | 1527.5 | 38.5 | -106.3 | 23.8 | -5 | 23.8 |
| Awfis Space Solutions Ltd | 271.6 | 1944 | 27.4 | 6.2 | 1.3 | 12.8 | 2.4 | 1586.1 | 25.8 | 70.9 | 4.4 | 9.9 | 4.4 |
Party Cruisers INFORMATION ON IPO ISSUE
About Party Cruisers
Party Cruisers Limited is specialized in wedding management and event management activities. The company offers a range of event activities from pre-wedding to during wedding and post-wedding activities such as in-house designing, destination wedding decor and so on.
Object of the Issue
- To expand business through strategic investment.
- To meet additional working capital requirement.
- To meet general corporate purposes.
- To meet issue expenditures.
Party Cruisers - PROMOTERS
| Name |
|---|
| Zuzer Hatim Lucknowala |
| Rachana Zuzer Lucknowala |
Party Cruisers Lead Manager to the Issue
First Overseas Capital Limited
mala@focl.in
Party Cruisers Registrar to the Offer
Kfin Technologies Private Limited
pcl.ipo@kfintech.com
Party Cruisers Strengths
Established brand name
The company is well known through its brand named Vivaah?and?Vows-Away & Beyond?in the Wedding Management/ planner Industry.
Established Franchisee Model
Company has partnered with 4 Franchisee‘s within India.
Wide Range of Services
Company manages all the services ranging from Pre-Event, During-Event and Post Event.
Party Cruisers Risks
Legal proceedings
Company, Promoters, Promoter Group, Group Companies and Directors are parties to certain legal proceedings
Highly competitive and fragmented industry
The company operates in a highly competitive and fragmented industry with low barriers to entry and may be unable to compete successfully against existing or new competitors
IPO FAQs
Party Cruisers Ltd. IPO listing opened at Rs 54.00 while the issue price was Rs 51.00 giving 5.88% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 25.50 giving 236.27% gains since its IPO listing.
The promoters of the company are Zuzer Hatim Lucknowala and Rachana Zuzer Lucknowala.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 51.0 - 51.0.
The IPO application opens on Feb 22, 2021 and closes on Feb 25, 2021.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 102,000.0, the maximum value for this IPO is Rs 102,000.0.
This IPO will be allotted on Mar 02, 2021.
The refund will be credited to your account on Mar 03, 2021.
The allotted shares will be credited to your demat on Mar 04, 2021.
Party Cruisers Ltd.’s shares listed on the stock exchanges on Mar 05, 2021.