Mach Conferences and Events is scheduled to hit the market on September 4, 2024 and close on September 6, 2024. Mach Conferences and Events plans to raise around ₹125.28 Cr through an IPO with a sale of up to 5,568,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Mach Conferences and Events Limited, established in 2004, provides a wide range of tailored services for the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector. The company excels in conference and exhibition management, along with global event planning, handling all logistical aspects such as venue selection, accommodation, transportation, local activities, and on-site coordination. Its clientele primarily comprises businesses from the banking, finance, and insurance sectors, but it also serves various industries including hospitality, infrastructure, and FMCG.
In the financial year 2023-24, Mach Conferences successfully organized 90 events across diverse locations like London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, and Singapore. The average revenue generated per event during this period was Rs. 263.62 lakhs. Additionally, the company operates co-working spaces in over 18 states and union territories in India, including Delhi, Maharashtra, Kolkata, and Tamil Nadu. As of March 31, 2024, Mach Conferences employed a total of 55 staff members.
Mach Conferences and Events IPO Details
Mach Conferences and Events IPO opens on September 4, 2024, and closes on September 6, 2024. The Listing date for Mach Conferences and Events IPO is on September 11, 2024. The price band for IPO is ₹214 to ₹225 per share and lot size of 600 Shares.
| IPO Date | September 4, 2024 to September 6, 2024 |
| Listing Date | September 11, 2024 |
| Price | ₹214 to ₹225 per share |
| Lot Size | 600 Shares |
| Issue Size | ₹125.28 Cr |
| Face Value | ₹10 per share |
Mach Conferences and Events IPO Tentative Timetable
Mach Conferences and Events opening date is September 4, 2024 and close date is September 6, 2024. The IPO allotment date is September 9, 2024. Therefund initiation of IPO is on September 10, 2024. The credit of shares in demat account is on September 10, 2024. The listing date is on September 11, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 4, 2024 |
| IPO Closing | September 6, 2024 |
| IPO Allotment Date | September 9, 2024 |
| Refund Initiation | September 10, 2024 |
| Shares Credit to Demat | September 10, 2024 |
| Lisiting Date | September 11, 2024 |
Mach Conferences and Events IPO Lot Size
Lot Size of this IPO is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹135,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 600 | ₹135,000 |
| Retail(Maximum) | 1 | 600 | ₹135,000 |
| HNI (Minimum) | 2 | 1200 | ₹270,000 |
Mach Conferences and Events IPO Promoter Holding
| Pre Issue Share Holding | 95.97% |
| Post Issue Share Holding | 69.92% |
Mach Conferences and Events IPO Review
The IPO includes 2,229,000 new shares worth Rs. 50.15 crore (at the highest price) and an Offer for Sale (OFS) of 3,339,000 shares worth Rs. 75.13 crore (also at the highest price). This IPO will make up 26.47% of the company’s paid-up capital after the IPO. The company plans to use Rs. 33.26 crore from the proceeds for working capital, with the remaining amount going towards general corporate purposes. This IPO will make up 26.47% of the company’s paid-up capital after the IPO. The company plans to use Rs. 33.26 crore from the proceeds for working capital, with the remaining amount going towards general corporate purposes.
On the financial performance, for the last three fiscals, the company has (on a standalone basis) posted a total income/net profit/ – (loss) of Rs. 23.84 cr. / Rs. – (2.61) cr. (FY22), Rs. 141.94 cr. / Rs. 8.81 cr. (FY23), Rs. 238.99 cr. / Rs. 26.18 cr. (FY24). It reposted same set of earnings on a consolidated basis for FY24.
For the last three fiscals, it has reported (on the basis of simple average) an average EPS of Rs. 5.74, and an average RoNW of 36.33%. The issue is priced at a P/BV of 8.54 based on its NAV of Rs. 26.35 as of March 31, 2024, and at a P/BV of 4.75 based on its post-IPO NAV of Rs. 47.40 per share (at the upper cap).
If we attribute FY24 earnings to its post-IPO fully diluted paid-up capital, then the asking price is at a P/E of 18.07. Thus the issue relatively appears fully priced based on FY24 earnings.
For the reported periods, the company has posted PAT margins of – (11.26) % (FY22), 6.23% (FY23), 11.04% (FY24), and RoCE margins of – (9.57) %, 34.06%, 57.57% respectively for the referred periods.
Over the years, the company has built a special position in providing customized services for MICE (Meetings, Incentives, Conferences, and Exhibitions). It faced challenges in FY22 due to the pandemic but bounced back in FY23 and showed strong results for FY24, suggesting positive growth ahead. Based on the earnings from FY24, the stock seems to be at a fair price now. With increasing demand for tourism and event-related activities, this company looks set for good business. Investors should consider investing for the medium to long term.
Mach Conferences and Events IPO Subscription Status (Bidding Details)
Table not foundMach Conferences and Events IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Mach Conferences and Events IPO FAQs
What is Mach Conferences and Events IPO?
Mach Conferences and Events is issuing 5,568,000 equity shares with a face value of ₹10 each, totaling up to ₹125.28 Cr. The shares are being offered at a price of ₹214 to ₹225 each, with a minimum order quantity of 600 shares.
Skyline Financial Services Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Mach Conferences and Events IPO will open?
Mach Conferences and Events will open on September 4, 2024 for QIB, NII, and Retail Investors.
When Mach Conferences and Events IPO will end?
Mach Conferences and Events will end on September 06, 2024.
What is Mach Conferences and Events IPO Size?
Mach Conferences and Events IPO size is ₹125.28 Cr.
What is Mach Conferences and Events IPO Price Band?
Mach Conferences and Events price band is ₹214 to ₹225 per share.
What is the Mach Conferences and Events IPO Allotment Date?
Mach Conferences and Events allotment date is September 09, 2024.
What is the Mach Conferences and Events IPO Listing Date?
Mach Conferences and Events listing date is September 11, 2024. The IPO is to be listed on BSE and NSE.
How to Mach Conferences and Events IPO through Zerodha?
To apply for the IPO “Mach Conferences and Events” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Mach Conferences and Events IPO through Upstox?
To apply for the IPO “Mach Conferences and Events” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Mach Conferences and Events IPO Allotment Status?
For Mach Conferences and Events IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Mach Conferences and Events IPO GMP?
You can check out here: Mach Conferences and Events IPO GMP. Check all IPO GMP here.