Mach Conferences and Events Limited
Bookbuilding IPO · BSE
- Price band
- ₹214 - ₹225
- Lot size
- 600 shares
- Issue amount
- ₹125.28 cr
- Total subscription
- 196.78×
- Opens
- 4 Sept 2024
- Closes
- 6 Sept 2024
- Allotment
- 9 Sept 2024
- Listing
- 11 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 55,68,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,28,400
- Fresh issue
- ₹50.15 cr
- Offer for sale
- ₹75.13 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,35,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,88,08,100
- Shares after issue
- 2,10,37,100
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 600 | ₹1,35,000 |
| HNI | 2 | 1,200 | ₹2,70,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 23.71 | 3,476.74 |
| RETAIL | 41.51 | 5,665.91 |
| NIB | 17.81 | 7,195.05 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 13.92 | 4.68 | -1.39 |
| ROE | 72.78 | 48.98 | -17.52 |
| ROCE | 57.57 | 34.06 | -9.57 |
| RONW | 52.82 | 39.35 | -19.2 |
| PRE IPO(PE) | 16.16 | 0 | 0 |
| POST IPO(PE) | 18.08 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 2004, Mach Conferences and Events Limited provides end-to-end customized services for the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector, specializing in conference and exhibition management as well as global event planning. The company oversees complete logistics—including venue selection, accommodation, transportation, local activities, and on-site coordination—and primarily serves clients in the banking, finance, and insurance sectors, while also catering to industries such as hospitality, infrastructure, and FMCG. In FY 2023–24, Mach Conferences and Events Limited successfully managed 90 events across international and domestic locations including London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, and Singapore, achieving an average revenue of ₹263.62 lakhs per event. As of March 31, 2024, the company employed 55 people.
Strengths
- Complete Event Solutions: Offering all-in-one services for every step of event management.
- Lasting Client Partnerships: Committed to building long-term relationships with clients.
- Successful Experience: Backed by a solid history of managing successful events.
Risk factors
- Leased Office Space: Depending on rented office spaces for daily operations might affect the company’s long-term stability.
- Input Tax Credit Risks: Operating in fewer states and union territories could limit the company’s ability to claim full tax benefits.
- Ongoing Litigation: Unresolved legal cases could harm the company’s business, reputation, and financial growth.
Promoters
Amit Bhatia
Laveena Bhatia
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Office No-4, 2nd/Floor, Master Space, Plot No-27, Kh/Mustatil No.-154, Killa No-19/2, Uggarsain Park Najafgarh Street No 2, Najafgarh, NewDelhi 110043
+91 120 4747000
[email protected]Company website ↗Understanding MCEL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.