Mach Conferences and Events IPO Review

MACH Conferences and Events has set a high standard in successfully arranging, coordinating and carrying out formal Meetings, Incentives, Conferences and Events across the globe.

The Company was founded by their visionary Promoters, Amit Bhatia and Laveena Bhatia who are associated with the company since its incorporation. The company is benefited from the extensive experience of more than two decades in the MICE industry of their Promoters.

Financially, Mach conferences revenue jumped from ₹2,383.88 Lakhs in FY22 to ₹14,193.89 Lakhs in FY23 and currently jumped to ₹23,898.58 Lakhs in FY24. Similarly, EBITDA increased from ₹-231.02 Lakhs in FY22 to ₹1,080.47 Lakhs in FY23 and currently at ₹3,454.01 Lakhs in FY24. The PAT also increased from ₹-260.63 Lakhs in FY22 to ₹880.76 Lakhs in FY23 and currently at ₹2,618.29 Lakhs in FY24. This indicates a steady financial performance.

For the Mach Conferences IPO, the company is issuing shares at a pre-issue EPS of ₹13.92 and a post-issue EPS of ₹12.44. The pre-issue P/E ratio is 16.16x, while the post-issue P/E ratio is 18.08x against Industry P/E ratio is 54.48x. The company's ROCE for FY24 is 57.57% and ROE for FY24 is 72.78%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Mach Conferences potential listing gains of 70% - 75%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Apply to the Mach Conferences and Events Limited IPO for Listing gain or long term investment purposes.