Mach Conferences and Events Limited IPO (Mach Conferences and Events IPO) Date, Price, GMP & Allotment 2024

Mach Conferences and Events Limited IPO Overview

The Mach Conferences and Events IPO is a book-built issue with a total size of ₹125.28 crores. This IPO includes a fresh issue of 22.29 lakh shares, amounting to ₹50.15 crores, and an offer for sale of 33.39 lakh shares, aggregating to ₹75.13 crores.

IPO Dates and Listing Details

The subscription period for the Mach Conferences and Events IPO is from September 4, 2024, to September 6, 2024. The allotment is expected to be finalized on September 9, 2024, with the company’s shares set to list on the BSE SME on September 11, 2024.

Price Band and Investment Requirements

The price band for the Mach Conferences and Events IPO is set at ₹214 to ₹225 per share. Retail investors must apply for a minimum of 600 shares, translating to an investment of ₹135,000. High Net Worth Individuals (HNIs) can invest in a minimum of 2 lots (1,200 shares), which requires an investment of ₹270,000.

IPO Management and Market Maker

Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the IPO, while Skyline Financial Services Private Ltd serves as the registrar. The market maker for this IPO is Spread X Securities.

For more detailed information, please refer to the Mach Conferences and Events IPO RHP (Red Herring Prospectus).

Mach Conferences and Events IPO Important dates

Mach Conferences and Events IPO opens on September 4, 2024, and closes on September 6, 2024.

IPO Open Date	Wednesday, September 4, 2024
IPO Close Date	Friday, September 6, 2024
Basis of Allotment	Monday, September 9, 2024
Initiation of Refunds	Tuesday, September 10, 2024
The credit of Shares to Demat	Tuesday, September 10, 2024
Listing Date	Wednesday, September 11, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 6, 2024

Mach Conferences and Events IPO Financial Performance

Mach Conferences and Events Limited’s revenue increased by 68% and profit after tax (PAT) rose by 197% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	₹101.34 crores	₹57.73 crores	₹40.49 crores
Revenue	₹238.99 crores	₹141.94 crores	₹23.84 crores
Profit After Tax	₹26.18 crores	₹8.81 crores	-₹2.61 crores
Net Worth	₹49.57 crores	₹22.38 crores	₹13.58 crores
Reserves and Surplus	₹30.76 crores	₹22.33 crores	₹13.53 crores
Total Borrowing	₹12.33 crores	₹9.89 crores	₹5.10 crores

Mach Conferences and Events Limited IPO Key Performance Indicator

The market capitalization of Mach Conferences and Events IPO is Rs 473.33 Cr.

KPI as of March 31, 2024.

Mach Conferences and Events IPO Objectives

The Net Proceeds from the Fresh Issue will be utilized towards the following objects:

1. To Meet Working Capital Requirements
2. General Corporate Purpose

Mach Conferences and Events Limited IPO Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	600	₹135,000
Retail (Max)	1	600	₹135,000
HNI (Min)	2	1,200	₹270,000

Mach Conferences and Events IPO Details

IPO Date	September 4, 2024 to September 6, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹214 to ₹225 per share
Lot Size	600 Shares
Total Issue Size	5,568,000 shares (aggregating up to ₹125.28 Cr)
Fresh Issue	2,229,000 shares (aggregating up to ₹50.15 Cr)
Offer for Sale	3,339,000 shares of ₹10 (aggregating up to ₹75.13 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE SME
Shareholding pre-issue	18,808,100
Shareholding post-issue	21,037,100
Market Maker portion	300,000 shares

Mach Conferences and Events Limited: Company Overview and Services

Founded in 2004, Mach Conferences and Events Limited is a leading provider of customized services within the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector. The company has established itself as a key player in conference management, exhibition management, and global event planning.

Comprehensive Event Management Services

Mach Conferences and Events Limited offers a full suite of services, managing all logistical aspects of events. This includes venue selection, accommodation, transportation logistics, local activities, and on-site coordination, ensuring a seamless experience for clients at any destination.

Diverse Clientele Across Multiple Industries

The company’s client base spans the banking, finance, and insurance sectors, with additional experience across industries such as hospitality, infrastructure, and FMCG. In the financial year 2023-24, Mach Conferences and Events Limited successfully conducted 90 events across locations including London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, and Singapore, among others. The average revenue per event in FY 2023-24 was ₹263.62 lakhs.

Extensive Geographic Presence

Mach Conferences and Events Limited operates co-working spaces in more than 18 states and union territories across India. Their presence extends to key regions such as Delhi, Maharashtra, Kolkata, Assam, Tamil Nadu, Jammu & Kashmir, Himachal Pradesh, Goa, and Rajasthan.

Workforce Strength

As of March 31, 2024, Mach Conferences and Events Limited employed a total of 55 staff members, reflecting the company’s commitment to delivering exceptional service in the events management industry.

Mach Conferences and Events Limited IPO SWOT Analysis

Strengths

1. Established Market Presence: Founded in 2004, Mach Conferences and Events Limited has a strong foothold in the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector, with years of experience and a reputable client base.
2. Comprehensive Service Offerings: The company provides end-to-end event management services, including conference management, exhibition management, and global event planning, making it a one-stop solution for clients.
3. Diverse Clientele: With clients across the banking, finance, insurance, hospitality, infrastructure, and FMCG industries, the company has a broad and varied customer base that reduces dependence on any single sector.
4. Geographic Reach: Mach Conferences and Events Limited operates in more than 18 states and union territories in India, providing it with significant market penetration and access to a wide range of clients.
5. Track Record of Success: The company successfully organized 90 events in FY 2023-24, including high-profile locations like London, South Korea, Paris, and Singapore, which highlights its ability to manage large-scale international events.

Weaknesses

1. Limited Workforce: With only 55 employees as of March 31, 2024, the company may face challenges in scaling operations or managing multiple large-scale events simultaneously without additional staffing.
2. High Dependence on Specific Sectors: While the company serves a diverse range of industries, a significant portion of its clientele comes from the banking, finance, and insurance sectors. Economic downturns in these sectors could negatively impact business.
3. Revenue Concentration: The company’s average revenue per event is high, but its reliance on a relatively small number of large events could lead to revenue volatility if it fails to secure similar contracts in the future.

Opportunities

1. Growing MICE Industry: The MICE industry is expanding globally, with increasing demand for professional event management services, offering significant growth opportunities for the company.
2. Expansion into New Markets: With its established reputation, the company has the potential to expand its services into new geographic regions and industries, both domestically and internationally.
3. IPO Proceeds Utilization: The funds raised through the IPO can be utilized to invest in technology, expand operations, hire additional staff, and enhance service offerings, thereby driving future growth.
4. Partnerships and Collaborations: Forming strategic alliances with other companies or co-working spaces could help Mach Conferences and Events Limited increase its service offerings and reach a broader clientele.

Threats

1. Economic Uncertainty: The events industry is highly sensitive to economic conditions. Economic downturns, pandemics, or other global crises could lead to cancellations or reduced spending on events, impacting the company’s revenue.
2. Competition: The event management sector is highly competitive, with both established players and new entrants vying for market share. Increased competition could lead to price wars and reduced profit margins.
3. Regulatory Risks: Changes in government regulations, particularly concerning large gatherings or international events, could pose operational challenges and increase costs for the company.
4. Technological Disruptions: Rapid advancements in virtual event technology and hybrid event solutions may disrupt traditional event management models, requiring the company to adapt quickly to maintain its competitive edge.

Mach Conferences and Events IPO GMP Details

Mach Conferences and Events SME IPO last GMP is ₹220, last updated Sep 5th 2024. With the price band of 225.00, Mach Conferences and Events SME IPO’s estimated listing price is ₹445 (cap price + today’s GMP). The expected percentage gain/loss per share is 97.78%.

The lowest GMP is ₹0, while the highest GMP is ₹220. Stay with us to know the daily price trend of Mach Conferences and Events SME IPO GMP with an expected listing price.

Mach Conferences and Events Limited IPO subscription status

Mach Conferences and Events IPO Allotment status

The allotment status of Mach Conferences and Events IPO is expected to be available on September 9, 2024.

Mach Conferences and Events IPO allotment status is not available at this time. Mach Conferences and Events IPO – The allotment status will be available once the basis of the allotment is finalized. Please revisit us to check the latest updates on Mach Conferences and Events Limited’s IPO allotment status.

To check the Mach Conferences and Events IPO allotment status, follow the steps below:

1. Click on the allotment status check button below.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

When you secure the allotment, you will receive the credit for equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Skyline Financial Services Private Ltd either by phone or email. Investors can call on 02228511022 or send an email with all relevant details to ipo@skylinerta.com.

Mach Conferences and Events Limited  Contact Details

Mach Conferences and Events Limited
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
Phone: +91 120 4747000
Email: compliance@machconferences.com
Website: http://www.machconferences.com/

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 Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.