Mach Conferences & Events Ltd

Mach Conferences & Events Ltd IPO

IPO Price Range: ₹214 - 225

Mach Conferences & Events Limited operates within the MICE (Meetings, Incentives, Conferences, and Exhibitions) industry, specializing in providing comprehensive event management solutions. The Company offers end-to-end services for corporate meetings, conferences, trade shows, and other gatherings, facilitating seamless planning, execution, and coordination. Its expertise lies in crafting tailored experiences, from conceptualization to logistics, to ensure impactful events that meet its clients objectives. Leveraging innovative design, cost-effective management, and efficient operations. The Company strives to stay competitive in the dynamic market landscape. Its commitment to customer satisfaction drives it to continuously enhance its capabilities and deliver exceptional results in the MICE industry. Majorly, its clientele is from Banking, Finance and Insurance Sector. However, the company has worked for various industries including Hospitality, Infrastructure, FMCG etc. During last three years the company has completed 90 events including events conducted at London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, Singapore etc. The average revenue for the conducting such events in the FY 2023-24 was Rs. 263.62 lakhs per event.

Min Investment

₹1,35,000

IPO Size

₹125 Cr

IPO Status

Closed

Quantity in 1 Lot

600

Max Bid allowed

1

Listing Exchange

BSE

IPO Application Timeline of Mach Conferences & Events Ltd

Open Date4 Sep 2024
Close Date6 Sep 2024
Allotment Date9 Sep 2024
Listing Date11 Sep 2024

Key Statistics

Bid Opening DateBid Opening Date4 Sep 2024
Bid Closing DateBid Closing Date6 Sep 2024
Allotment DateAllotment Date9 Sep 2024
Issue SizeIssue Size₹125.28Cr
Quantity in 1 lotQuantity in 1 lot600

Strength and risks

Strength

Strength

  • End to End Solution.

  • Nurturing Long-term Relationships with Customer.

  • Proven Track Record.

  • Established relationship with hospitality & event partners.

  • Experienced Promoters and Management Team.


Risk

Risk

  • Its Registered Office and Corporate Office from where the company operates are not owned by it.

  • In order to avail benefit of Input Tax Credit on Place of Supply the company has locational presence by way of co-working space in various states and union territories where the company does not have any operational presence.

  • The outbreak of pandemic or any other disease leading to the implementation of restrictions such as lockdowns, quarantines, travel bans or limit on public gatherings, which is unpredictable and highly uncertain, could negatively impact its business operations.

  • The company has certain outstanding litigation against the Company, an adverse outcome of which may adversely affect its business, reputation and results of operations.

  • The company is exposed to casualty that may occur during Events.

  • Any offensive Comments by the Artist during the live shows or concert may put company in legal controversy which in turn affect its business & financial growth.

  • The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.

  • The Company requires significant amounts of working capital for continued growth. Its inability to meet the company working capital requirements may have an adverse effect on the results of operations.

  • The company has total indebtedness of Rs. 1233.08 lakhs. If the company is unable to service its debt obligations in a timely manner or to comply with various financial and other covenants and other terms and conditions of its financing agreements, it may adversely affect the companys business, credit rating, reputation, prospects, results of operations, cash flows and financial condition.

  • The company has experienced losses in the past and may also experience in future.

Promoters Holding

Investors Holdings %
Amit Bhatia86.26%
Laveena Bhatia9.6%

About Mach Conferences & Events Ltd

OrganisationMach Conferences & Events Ltd
HeadquartersNajafgarh
IndustryMiscellaneous

Frequently Asked Questions

  • What is the size of the Mach Conferences & Events Ltd IPO?

    The size of the Mach Conferences & Events Ltd IPO is ₹125.28Cr .

  • What is 'pre-apply' for Mach Conferences & Events Ltd IPO?

    'Pre-apply' for Mach Conferences & Events Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Mach Conferences & Events Ltd IPO order be placed?

    Your Mach Conferences & Events Ltd IPO order will be placed on 4 Sep 2024.

  • What are the open and close dates of the Mach Conferences & Events Ltd IPO?

    The open and close dates of the Mach Conferences & Events Ltd IPO are 4 Sep 2024 to 6 Sep 2024.

  • What is the lot size and minimum order quantity of the Mach Conferences & Events Ltd IPO?

    The lot size and minimum order quantity of the Mach Conferences & Events Ltd IPO are 600 and 600 respectively.

  • What would be the listing gains on the Mach Conferences & Events Ltd IPO?

    The potential listing gains on the Mach Conferences & Events Ltd IPO will depend on various market factors and cannot be predicted with certainty.