Mach Conferences and Events Limited is setting a high benchmark in the global Meetings, Incentives, Conferences, and Events (MICE) industry. As the company prepares for its Initial Public Offering (IPO), it presents a significant opportunity for investors. Below is an in-depth look at the IPO, including essential details, financial performance, and market expectations.

IPO Overview

The Mach Conferences IPO is a book-built issue amounting to ₹125.27 Crores. The issue comprises 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 for the IPO starts on September 04, 2024, and ends on September 06, 2024. The shares are expected to be listed on the BSE SME with a tentative listing date of September 11, 2024.

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

Lead Manager and Registrar

BEELINE CAPITAL ADVISORS PRIVATE LIMITED is the book-running lead manager for the IPO.

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED will act as the registrar for the issue.

Spread X Securities Private Limited will serve as the market maker for the Mach Conferences IPO.

Grey Market Premium (GMP)

The Grey Market Premium (GMP) for the Mach Conferences IPO is anticipated to be in the range of ₹160 to ₹170. It's crucial to note that GMP is not a reliable indicator of the actual listing price, as it is based on informal market demand and supply. The GMP is mentioned here for educational and informational purposes only, and no real trading occurs based on this premium.

Live Subscription Status

As of 05:24 PM on September 05, 2024, the IPO has been subscribed 20.98 times on its second day of the subscription period. Investors can check the live subscription status of the IPO at BSE for the most current updates.

Allotment Status

The Mach Conferences IPO allotment is scheduled for September 09, 2024. Investors can check their allotment status by:

Navigating to the IPO allotment status page.

Selecting Mach Conferences and Events Limited IPO from the dropdown list.

Entering the application number, PAN, or DP Client ID.

Submitting the details to view the allotment status.

Objectives of the IPO

The proceeds from the fresh issue will be utilized for:

₹3326.00 Lakhs to meet working capital requirements.

General corporate purposes.

Financial Performance and Valuation

Mach Conferences and Events has shown remarkable growth in its financials:

Revenue increased 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 ₹-231.02 Lakhs in FY22 to ₹1,080.47 Lakhs in FY23, and to ₹3,454.01 Lakhs in FY24.

PAT surged from ₹-260.63 Lakhs in FY22 to ₹880.76 Lakhs in FY23, and to ₹2,618.29 Lakhs in FY24.

For the IPO, the pre-issue EPS is ₹13.92 and the post-issue EPS is ₹12.44. The pre-issue P/E ratio stands at 16.16x, while the post-issue P/E ratio is 18.08x, compared to the industry P/E ratio of 54.48x. The company's Return on Capital Employed (ROCE) for FY24 is 57.57%, and the Return on Equity (ROE) is 72.78%. These metrics suggest that the IPO is fairly priced.

Investment Recommendation

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

For further details on the latest IPOs and financial news, visit Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi.

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