Mach Conferences and Events Limited is renowned for its excellence in organizing and executing Meetings, Incentives, Conferences, and Events (MICE) worldwide. With a proven track record of delivering high-quality events, the company has set a high standard in the industry.

The Mach Conferences and Events Limited IPO is set to open on September 04, 2024, with shares priced between ₹214 and ₹225 per share. This Book Built Issue includes a fresh issue of 22.29 lakh shares valued at ₹50.15 crores and an Offer for Sale (OFS) of 33.39 lakh shares, totaling ₹75.12 crores, amounting to a combined issue size of ₹125.27 crores. The subscription period will close on September 06, 2024, with the allotment expected on September 09, 2024, and shares are anticipated to list on the BSE SME on September 11, 2024.

The IPO requires a minimum investment of ₹135,000 for retail investors, who must apply for at least 600 shares. High-Net-Worth Individuals (HNIs) need to invest a minimum of ₹270,000 for 1,200 shares. BEELINE CAPITAL ADVISORS PRIVATE LIMITED is the book-running lead manager, SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar for the issue, and Spread X Securities Private Limited will act as the market maker.

Utilization of IPO Proceeds:

The funds from the IPO will be allocated as follows:

₹3,326.00 lakhs for meeting working capital requirements.

General corporate purposes.

Financial Performance:

Mach Conferences has shown significant financial improvement. 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 transformed from a loss of ₹231.02 lakhs in FY22 to a profit of ₹3,454.01 lakhs in FY24. PAT similarly improved from a loss of ₹260.63 lakhs in FY22 to a profit of ₹2,618.29 lakhs in FY24, reflecting a strong turnaround.

The IPO offers shares at a pre-issue Earnings Per Share (EPS) of ₹13.92 and a post-issue EPS of ₹12.44. The pre-issue Price-to-Earnings (P/E) ratio stands at 16.16x, while the post-issue P/E ratio is 18.08x, compared to the industry average 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%, indicating a strong financial position and suggesting the IPO is reasonably priced.

Grey Market Premium (GMP):

The Grey Market Premium for the Mach Conferences IPO is expected to be between ₹160 and ₹170, indicating potential listing gains of 70% - 75%. Although GMP provides a sense of market sentiment, it should be used cautiously as it does not guarantee actual listing prices.

Live Subscription Status:

As of 01:20 PM on September 04, 2024, the Mach Conferences and Events IPO has been subscribed 3.00 times on its first day. Investors can check the live subscription status at BSE to gauge the demand for the IPO.

Allotment Status:

The IPO allotment is scheduled for September 09, 2024. To check the allotment status:

Visit the IPO allotment status page.

Select Mach Conferences and Events Limited IPO from the dropdown menu.

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

Submit the details to view the allotment status.

Given the company's strong financial performance and the favorable IPO metrics, it is recommended to consider applying for the Mach Conferences and Events Limited IPO for potential listing gains or long-term investment opportunities.

For more information on upcoming IPOs and market trends, visit our Best IPO to Apply Now and Top News Headlines sections.

Stay updated with market insights by joining our Trading with CA Abhay Telegram Channel for regular stock market updates and investment advice by CA Abhay Varn, SEBI Registered Research Analyst. Also, join our Finance Saathi Telegram Channel for the latest news and IPO updates.

Open a free Demat account with Choice Broking FinX to start your investment journey today.