Mach Conferences and Events IPO: Important Details of IPO

• Mach Conferences and Events IPO is a book-built issue worth up to Rs 125.28 crores.
• Bidding opens on September 4 and closes on September 6, 2024.
• Mach Conferences and Events SME IPO price band set at Rs 214 – Rs 225 per share.
• The minimum amount required for retail investors is Rs 1,35,000.

Mach Conferences and Events IPO: Synopsis

Mach Conferences and Events is open for subscription from Wednesday, September 4, 2024, and closes on Friday, September 6, 2024. The price band for this IPO is set at Rs 214 – Rs 225 per share.

Mach Conferences and Events’ IPO is offering a fresh issue of 22.29 lakh equity shares worth up to Rs 50.15 crore and an offer for sale of 33.39 lakh equity share worth up to Rs 75.13 crore, this sums up the total issue size of 55.68 lakh equity shares worth up to Rs 125.28 crore.

The allotment for this new IPO is expected to be finalised on Monday, September 9, 2024. The listing of this IPO will be done on Wednesday, September 11, 2024, at NSE SME segment.

The minimum lot size set for the retail category is 1 lot, i.e., 600 shares. For retail investors, the minimum and maximum investment amount required is Rs 135,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 1200 shares amounting to Rs 270,000.

The IPO is managed by Beeline Capital Advisors Private Limited, which is the book-running lead manager of this public issue. The company has appointed Skyline Financial Services Private Limited as the registrar for the issue.

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Mach Conferences and Events Limited: About the Company

Mach Conferences and Events Limited, founded in 2004, provides customized services for the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector. Specializing in conference management, exhibition management, and global event planning, the company handles all logistical aspects, including venue selection, accommodation, transportation, and on-site coordination.

Their clientele spans banking, finance, insurance, hospitality, infrastructure, and FMCG industries. In FY 2023-24, the company organized 90 events in locations such as London, South Korea, Paris, and Singapore, with an average revenue of ₹263.62 lakhs per event.

With a presence in over 18 states and union territories, Mach Conferences and Events Limited had 55 employees as of March 31, 2024.

Mach Conferences and Events IPO: Objectives

The company intends to utilise the funding received from the fresh issue for various purposes, including funding for working capital requirements by the company and general corporate purposes.

Mach Conferences and Events IPO: Other Important Details

Time Table of Mach Conferences and Events IPO

Mach Conferences and Events IPO: Financial Metrics (Amt in Rs Lakhs)

Minimum Investment: Lot Size Details

Promoters of Mach Conferences and Events Limited and Their Holdings

The company's promoters are Amit Bhatia and Laveena Bhatia. They collectively held 95.97% of the company's shares. However, post-IPO, their shareholding will be 69.92%.

FAQs

1.       What are the core details available for the Mach Conferences and Events IPO?

Mach Conferences and Events IPO is a Book-built public issue of 55.68 lakh equity shares. This upcoming IPO is offering a fresh issue of 22.29 lakh equity shares and an offer for sale of up to Rs 33.39 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, September 9, 2024.

2.       How can I apply for the Mach Conferences and Events IPO?

The public subscription of this new IPO opens on September 4 and closes on September 6, 2024. Click here to initiate the application process.

3.       Who is the lead manager(s) for the Mach Conferences and Events IPO?

Beeline Capital Advisors Private Limited was appointed as the book-running lead manager for the IPO.

4.       Who is appointed as the registrar for this IPO?

Skyline Financial Services Private Limited has been appointed as the registrar for this public issue.

5.       How will the net proceeds from the IPO be utilised?

The company intends to utilise the funding received from the fresh issue for various purposes, including funding for the company's working capital requirements and general corporate purposes.

6.       How can I check the allotment status of the IPO?

Investors who applied for an IPO can check the allotment status of the Mach Conferences and Events IPO by visiting here, for further updates, follow Bigul.

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