by Suman Gupta
● Total Issue Size – 55,68,000 Equity Shares of ₹ 10 each
● Fresh Issue – 22,29,000 Equity Shares
● Offer For Sale – 33,39,000 Equity Shares
● Issue Size – ₹ 125.28 Crores (At Upper Band)
● Price Band – ₹ 214 – ₹ 225 Per Share
● Lot Size – 600 Equity Shares
Mumbai, August , 2024 – Mach Conferences and Events Limited specializes in providing end-to-end event management solutions within the MICE industry, proposes to open its Initial Public Offering (IPO) on September 04th, 2024. The company is aiming to raise ₹ 125.28 Crores at the upper band through this IPO, with shares set to be listed on the BSE SME platform.
The Issue Size is 55,68,000 including 22,29,000 Fresh Issue equity shares and 33,39,000 Offer For Sale at face value of ₹ 10 each.
Equity Share Allocation
● QIB (including Anchor Portion) – Not more than 26,31,600 Equity Shares
● High-Net-Worth Individual (HNI) – Not less than 7,91,400 Equity Shares
● Retail Individual Investors (RII) – Not less than 18,45,000 Equity Shares
● Market Maker – 3,00,000 Equity Shares
The net proceeds from the IPO will be utilized to meet Working Capital requirements, and General Corporate Purposes. The bidding for Anchor Portion will open on September 03th, 2024, the Issue will open for subscription for all other categories from September 04th, 2024 and closes on September 06th, 2024.
The Book Running Lead Manager to the Offer is Beeline Capital Advisors Private Limited. The Registrar to the Issue is Skyline Financial Services Private Limited.
Mr. Amit Bhatia, Chairman & Managing Director of Mach Conferences and Events Limited expressed, “This IPO represents a pivotal milestone in our journey, laying the foundation for future growth and success. With over two decades of industry experience, Mach Conferences manages events on a global scale.
Given the working capital-intensive nature of our industry, the IPO proceeds will be instrumental in meeting our Working Capital needs, enabling us to bid for larger, high-value events. This will elevate our brand recognition and value, ultimately strengthening our operations and ensuring the long-term sustainability of our company.”
About Mach Conferences and Events Limited:M: ach Conferences and Events Limited provides comprehensive event management solutions for MICE and event sector. Mach is specialized in Conference Management, Exhibition Management and Global Event Planning. This includes venue selection, accommodation arrangements, transportation logistics, local activities, and on-site coordination. Mach offers end-to-end services for corporate meetings, conferences, trade shows, and other gatherings, facilitating seamless planning, execution, and coordination. The Company’s expertise lies in crafting tailored experiences, from conceptualization to logistics, to ensure impactful events that meet their clients’ objectives. Leveraging innovative design, cost-effective management, and efficient operations. Their experience ranges from arranging small corporate events to large global events.
In FY24, The Company achieved a Revenue of ₹ 23,725.89 Lakhs, EBITDA of ₹ 3.454.01 Lakhs, & PAT of ₹ 2,618.29 Lakhs
