Mach Conferences and Events Limited is a prominent player in organizing, coordinating, and executing Meetings, Incentives, Conferences, and Events (MICE) on a global scale. The company has established a reputation for excellence in the industry.

IPO Structure and Subscription Details: The Mach Conferences IPO is a Book Built Issue with a total amount of ₹125.27 Crores. This includes 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 is from September 04, 2024, to September 06, 2024. Allotment is anticipated on September 09, 2024, with shares expected to be listed on the BSE SME around September 11, 2024.

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

Grey Market Premium: The Grey Market Premium (GMP) for the Mach Conferences IPO is projected to range from ₹160 to ₹170. GMP provides an informal estimate of potential listing gains and is influenced by market demand and supply. It is important to note that GMP is for informational purposes and does not reflect the actual trading price.

Live Subscription Status: As of 11:27 AM on September 06, 2024, the Mach Conferences IPO has been subscribed 36.01 times on its final day of subscription. For real-time subscription updates, visit the BSE website.

Allotment Information: The allotment date for the Mach Conferences IPO is September 09, 2024. Investors can check their allotment status on the registrar’s website by entering their application number, PAN, or DP Client ID.

Objectives of the IPO: Proceeds from the Mach Conferences IPO will be utilized for:

₹3,326 Lakhs to meet working capital requirements.

General corporate purposes.

Company Overview and Financial Performance: Mach Conferences, founded by Amit Bhatia and Laveena Bhatia, benefits from over two decades of MICE industry experience. The company's financial performance reflects significant growth, with revenue increasing from ₹2,383.88 Lakhs in FY22 to ₹23,898.58 Lakhs in FY24. EBITDA has grown from a negative ₹231.02 Lakhs to ₹3,454.01 Lakhs, and PAT has surged from a loss of ₹260.63 Lakhs to ₹2,618.29 Lakhs.

For the IPO, Mach Conferences is offering shares with 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 average of 54.48x. The company's ROCE and ROE for FY24 are 57.57% and 72.78%, respectively, suggesting that the IPO is reasonably priced.

IPO Review: With potential listing gains of 70% to 75%, the Mach Conferences IPO represents a promising investment opportunity, suitable for both short-term gains and long-term investment.

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