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Mach Conferences and Events Limited IPO (Mach Conferences and Events IPO) Details
Mach Conferences and Events Limited
Mach Conferences and Events IPO's overview
Mach Conferences and Events IPO is a book built issue of ₹125.28 Cr (1,25,28,00,000). The issue is a combination of fresh issue of 22.29 Lakh (22,29,000) shares aggregating to ₹50.15 Cr (50,15,25,000) and offer for sale of 33.39 Lakh (33,39,000) shares aggregating to ₹75.13 Cr (75,12,75,000).
Mach Conferences and Events IPO bidding started from Sep 04, 2024 and ended on Sep 06, 2024. The allotment for Mach Conferences and Events IPO was finalized on Sep 09, 2024. The shares got listed on BSE on Sep 11, 2024.
Mach Conferences and Events IPO price band is set at ₹214 to ₹225 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹1.28 Lakh (1,28,400).
Refer to Mach Conferences and Events IPO RHP for detailed information.
IPO date
Sep 04,2024 - Sep 06,2024
Listing Date
Sep 11,2024
Face value
₹10
Price Band
₹214 to ₹225 per share
Lot
₹600 Shares
Total Issue Size
55.68 Lakh (55,68,000)
aggregating up to ₹125.28 Cr (1,25,28,00,000)
Fresh Issue
22.29 Lakh (22,29,000)
aggregating up to ₹50.15 Cr (50,15,25,000)
Offer for sale
33.39 Lakh (33,39,000)
aggregating up to ₹75.13 Cr (75,12,75,000)
Issue Type
Book Building
IPO Type
SMEListing At
BSE
Wed, Sep 04, 2024
IPO Open
Fri, Sep 06, 2024
IPO Close
Mon, Sep 09, 2024
Basis of Allotment
Tue, Sep 10, 2024
Initiation of Refunds
Tue, Sep 10, 2024
Credit of Shares to Demat
Wed, Sep 11, 2024
Listing
Mach Conferences and Events IPO Day-wise IPO GMP Trend
Mach Conferences and Events IPO last GMP is ₹170, last updated Sep 10,2024. With the price band of 225.00, Mach Conferences and Events IPO's estimated listing price is ₹395 (cap price + today's GMP).The expected percentage gain/loss per share is 75.56%.
| Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 10-Sep-24 | 225.00 | 170 | 395(75.56%) | 10-Sep-2024 16:58 |
| 09-Sep-24 | 225.00 | 185 | 410(82.22%) | 9-Sep-2024 23:30 |
| 08-Sep-24 | 225.00 | 210 | 435(93.33%) | 8-Sep-2024 23:29 |
| 07-Sep-24 | 225.00 | 210 | 435(93.33%) | 7-Sep-2024 23:32 |
| 06-Sep-24 | 225.00 | 210 | 435(93.33%) | 6-Sep-2024 23:23 |
| 05-Sep-24 | 225.00 | 200 | 425(88.89%) | 5-Sep-2024 23:25 |
| 04-Sep-24 | 225.00 | 220 | 445(97.78%) | 4-Sep-2024 23:29 |
| 03-Sep-24 | 225.00 | 200 | 425(88.89%) | 3-Sep-2024 23:23 |
| 02-Sep-24 | 225.00 | 200 | 425(88.89%) | 2-Sep-2024 23:32 |
| 01-Sep-24 | 225.00 | 200 | 425(88.89%) | 1-Sep-2024 23:26 |
| 31-Aug-24 | 225.00 | 190 | 415(84.44%) | 31-Aug-2024 23:32 |
| 30-Aug-24 | 225.00 | 100 | 325(44.44%) | 30-Aug-2024 23:25 |
| 29-Aug-24 | 225.00 | 0 | 225(0.00%) | 29-Aug-2024 23:28 |
Mach Conferences and Events IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail(Min) | 1 | 600 | ₹1.35 Lakh (1,35,000) |
Retail(Max) | 1 | 600 | ₹1.35 Lakh (1,35,000) |
HNI(Min) | 2 | 1,200 | ₹2.70 Lakh (2,70,000) |
Mach Conferences and Events IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Offered to QIB | 10.54 Lakh (10,53,600) |
| Offered to NII | 7.91 Lakh (7,91,400) |
| Offered to RII | 18.45 Lakh (18,45,000) |
| Offered to Anchor Investor | 15.78 Lakh (15,78,000) |
About Mach Conferences and Events Limited
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 coordination.
The company's clients come from the banking, finance, and insurance sectors. The company has also worked for various industries including hospitality, infrastructure, FMCG, etc. In the last financial years i.e. 2023-24, the company has conducted 90 events including London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, Singapore, etc. The average revenue for conducting such events in FY 2023-24 was Rs. 263.62 lakhs per event.
The company is present with co-working spaces in more than 18 states and union territories including Delhi, Maharashtra, Kolkata, Assam, Tamil Nadu, Jammu & Kashmir, Himachal Pradesh, Goa, Rajasthan etc.
As of March 31, 2024, the company had a total of 55 employees.
Mach Conferences and Events IPO's documents
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: [email protected]
Website: http://www.machconferences.com/
Mach Conferences and Events IPO's Promoters
Amit Bhatia and Laveena Bhatia are the company promoters.