Mach Conferences and Events Limited has established itself as a leader in the field of Meetings, Incentives, Conferences, and Events (MICE) globally. Known for its exceptional standards in arranging, coordinating, and executing various events, the company is now poised to expand its reach through its Initial Public Offering (IPO).

IPO Details:

Mach Conferences is conducting a Book Built Issue amounting to ₹125.27 Crores, comprising a Fresh Issue of 22.29 Lakh Shares worth ₹50.15 Crores and an Offer for Sale of 33.39 Lakh Shares totaling ₹75.12 Crores. The subscription period opens on September 04, 2024, and closes on September 06, 2024. The allotment is expected to be finalized on or about Monday, September 09, 2024, with the shares set to be listed on the BSE SME. The tentative listing date is Wednesday, September 11, 2024.

The price band for the IPO is set between ₹214 and ₹225 per share. Retail investors are required to invest a minimum of ₹135,000 for a lot size of 600 shares. High-Net-Worth Individuals (HNIs) must invest in at least 2 lots (1,200 shares), amounting to ₹270,000.

Beeline Capital Advisors Private Limited is the book-running lead manager, Skyline Financial Services Private Limited is the registrar, and Spread X Securities Private Limited will act as the Market Maker for this IPO.

Financial Performance:

The financial performance of Mach Conferences has shown impressive growth. The company’s revenue surged from ₹2,383.88 Lakhs in FY22 to ₹14,193.89 Lakhs in FY23, and further to ₹23,898.58 Lakhs in FY24. EBITDA improved from a negative ₹231.02 Lakhs in FY22 to ₹1,080.47 Lakhs in FY23, and currently stands at ₹3,454.01 Lakhs in FY24. PAT also increased significantly from a loss of ₹260.63 Lakhs in FY22 to a profit of ₹880.76 Lakhs in FY23, reaching ₹2,618.29 Lakhs in FY24. These figures reflect a robust financial performance and growth trajectory.

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IPO Valuation Metrics:

For this IPO, the company is offering 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, and the post-issue P/E ratio is 18.08x, compared to the industry P/E ratio of 54.48x. The company's ROCE for FY24 is 57.57% and ROE is 72.78%, indicating strong financial health and performance.

Grey Market Premium (GMP):

The Grey Market Premium for the IPO is anticipated to be in the range of ₹160 to ₹170, suggesting potential listing gains of 70% - 75%. Please note that GMP is influenced by demand and supply dynamics and is provided for informational purposes only.

IPO Allotment Status:

To check the allotment status once it is available:

Visit the IPO allotment status page on the registrar’s website.

Select "Mach Conferences and Events Limited IPO" from the dropdown list.

Enter your application number, PAN, or DP Client ID.

Submit the details to view your allotment status.

Investors should follow these steps to determine their allotment status and make informed investment decisions.

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