SME · BSESubscribed: 196.78×GMP ₹145
Mach Conferences and Events Limited

Mach Conferences and Events Limited

Mach Conferences and Events Limited(MCEL)

Total Shares

55,68,000

Issue Size

₹125.28 Cr

Price Band

214 – ₹225

Lot Size

600 shares

Min. Investment

1,35,000

Max. Investment

1,35,000

Open Date

04 Sep, 2024

Close Date

06 Sep, 2024

Allotment

09 Sep, 2024

Listing

11 Sep, 2024

Announced

04 Sep, 2024

Opening Date

04 Sep, 2024

Closing Date

06 Sep, 2024

Basis of Allotment

09 Sep, 2024

Initiation of Refunds

10 Sep, 2024

Credit of Shares

10 Sep, 2024

Listing Date

11 Sep, 2024

Live GMP

Est. Listing: ₹445

220

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About Mach Conferences and Events Limited IPO

Mach Conferences and Events Limited was founded in 2004 and offers a comprehensive range of customized services for the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector.

The company specializes in conference management, exhibition management and global event planning. The company also takes care of all logistical aspects of events at specific destinations. This includes venue selection, accommodation, transportation logistics, local activities and on-site coordi

Mach Conferences and Events Limited IPO Share Price and Issue Size

Issue Breakdown

Total Issue55,68,000 shares₹125.28 Cr
Fresh Issue22,29,000 shares₹50.15 Cr
Offer for Sale33,39,000 shares₹75.13 Cr

Shareholding

Pre-Issue1,88,08,100
Post-Issue2,10,37,100

Dilution: 11.9% increase in shares

Mach Conferences and Events Limited IPO Promoter Holding

Pre-Issue95.97%
Post-Issue69.92%

Mach Conferences and Events Limited IPO Financials Health

Mach Conferences and Events Limited IPO Lot Size

ApplicationLotsSharesAmount
HNI Minimum212002,70,000
Retail Minimum16001,35,000
Retail Maximum16001,35,000

(All values in CR)

Mach Conferences and Events Limited IPO Valuation

MetricValue
Anchor Investor Shares Offered-

(All values in CR)

Mach Conferences and Events Limited IPO Subscription Status

Investor CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.0015,78,00015,78,00035.51
HNI404.077,91,40031,97,80,2007
Market Maker1.003,00,0003,00,0006.75
QIB146.6610,53,60015,45,21,6003
Retail136.4918,45,00025,18,18,2005
Total196.7836,90,00072,61,20,00016

Mach Conferences and Events Limited IPO GMP

+220+97.8%

Last updated 05 Sep, 2024 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
05 Sep, 2024225₹220100300₹445 (97.78%)-05 Sep, 2024
06 Sep, 2024225₹20091200₹425 (88.89%)-06 Sep, 2024
09 Sep, 2024225₹21095800₹435 (93.33%)-09 Sep, 2024
10 Sep, 2024225₹18584400₹410 (82.22%)-10 Sep, 2024
11 Sep, 2024225₹14566100₹370 (64.44%)-11 Sep, 2024

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

How to Apply for Mach Conferences and Events Limited IPO

1

Login to Your Trading App

Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.

2

Go to IPO Section

Find Mach Conferences and Events Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

Enter UPI ID and Submit

Provide your UPI ID linked to your bank account and submit the application.

4

Approve Mandate on UPI App

Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.

5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.

A Comprehensive Review of Mach Conferences and Events Limited IPO

Mach Conferences and Events Limited, a company with a strong foothold in the conferences and events management industry, is preparing to go public. This IPO presents a unique opportunity for investors to participate in a growing industry with a company that has a proven track record.

Company Overview

Mach Conferences and Events Limited specializes in organizing and managing corporate events, conferences, exhibitions, and seminars. Established in 2004, the company has built a robust portfolio, catering to various sectors across India.

  • Founded: 2004
  • Industry: Event Management
  • Services: Corporate events, conferences, exhibitions, seminars

Key Details of the IPO

  • Issue Size: 55,68,000 Equity Shares of ?10 each.
  • Offer Structure: Includes a Fresh Issue of 22,29,000 Equity Shares and an Offer for Sale (OFS) of 33,39,000 Equity Shares.
  • Listing: The shares are proposed to be listed on the SME Platform of BSE.
  • Use of Proceeds: The funds will be utilized for business expansion, working capital requirements, and other general corporate purposes.

Pros of Investing in Mach Conferences and Events Limited IPO

  1. Established Industry Player: With two decades of experience, the company has a strong presence in the event management industry.
  2. Diverse Client Base: The company serves a wide range of industries, reducing dependence on any single sector.
  3. Growth Potential: The event management industry is expected to grow significantly, driven by increased corporate spending on events and conferences.
  4. Experienced Management: Led by Amit Bhatia and Laveena Bhatia, the management team brings extensive industry expertise, which is crucial for driving growth and innovation.

Cons of Investing in Mach Conferences and Events Limited IPO

  1. Market Competition: The event management industry is highly competitive, with numerous players vying for market share.
  2. Economic Sensitivity: The company's performance is closely tied to the overall economic environment, which can impact corporate spending on events.
  3. Operational Risks: Managing large-scale events involves significant logistical challenges and risks, which could affect profitability.
  4. Regulatory Risks: Changes in government regulations or policies related to large gatherings and events could impact the company’s operations.

Financial Performance and Market Position

Mach Conferences and Events Limited has shown steady revenue growth over the past few years, supported by a strong client base and increasing demand for corporate events. However, investors should carefully assess the company's profitability and operational efficiency, especially in light of the challenges posed by market competition and economic fluctuations.

  • Revenue Growth: Consistent increase in revenue over the last three fiscal years.
  • Profit Margins: The company's profit margins have remained stable, although they are susceptible to fluctuations due to operational costs and competition.

Should You Invest in Mach Conferences and Events Limited IPO?

Investing in the Mach Conferences and Events Limited IPO offers potential rewards, particularly for those interested in the growing event management sector. The company's established market position, experienced management, and growth prospects are attractive. However, the risks associated with competition, economic sensitivity, and operational challenges must be carefully considered.

H3: Conclusion

Mach Conferences and Events Limited’s IPO presents an opportunity to invest in a company with a strong industry presence and promising growth prospects. Potential investors should weigh the benefits against the risks to determine if this investment aligns with their financial goals.

FAQs About Mach Conferences And Events Limited Ipo

Mach Conferences and Events Limited IPO will open on 04 Sep, 2024 and close on 06 Sep, 2024. Investors must apply within this period to participate.

The Mach Conferences and Events Limited IPO price band is set between ₹214.00 and ₹225.00 per share. The minimum lot size is 600, requiring an investment of at least ₹135000.00.

The Mach Conferences and Events Limited IPO shares are expected to be listed on 11 Sep, 2024, subject to regulatory approvals and final allotment.

You can track your Mach Conferences and Events Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID

The Mach Conferences and Events Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.