MACH CONFERENCES AND EVENTS LIMITED

04 Sep 2024 - 06 Sep 2024 Individual Category SME BSE

Min Investment

₹135000

Price Band

₹214-₹225

Issue Size

39.9 lakhs
Equity Shares

Lot Size

600

IPO Dates
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04 Sep 2024

Open Date

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06 Sep 2024

Close Date

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09 Sep 2024

Allotment Date

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11 Sep 2024

Listing Date

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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About Mach Conferences And Events Limited

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.

Founded

2004

Managing Director

Amit Bhatia and Laveena Bhatia

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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