Mach Conferences and Events Limited, renowned for its excellence in arranging, coordinating, and executing formal Meetings, Incentives, Conferences, and Events (MICE) worldwide, is launching a ₹125.27 Crore IPO from September 4 to September 6, 2024. The issue consists of a fresh issue of ₹50.15 Crores and an offer for sale of ₹75.12 Crores. The shares will list on the BSE SME with a tentative date of September 11, 2024.

IPO Details
Investors can purchase shares in lots of 600, with a minimum investment of ₹135,000 for retail investors and ₹270,000 for High-Net-Worth Individuals (HNIs), who need to invest in 2 lots (1,200 shares). The allotment is expected to be finalized on September 9, 2024.

Lead Managers and Registrar
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 is the Market Maker for the IPO.

Grey Market Premium (GMP)
The Grey Market Premium (GMP) for the Mach Conferences IPO is expected to be between ₹160 and ₹170. This premium reflects market sentiment and potential demand but is not a guarantee of post-listing performance. The GMP suggests a potential listing gain of 70% to 75%.

Live Subscription Status
As of 11:27 AM on September 6, 2024, the IPO has been subscribed 36.01 times on its final day, indicating strong investor interest. For the latest subscription updates, check the Mach Conferences IPO Live Subscription Status on BSE.

IPO Allotment Status
The allotment date for Mach Conferences is September 9, 2024. Investors can check their allotment status by:

Visiting the IPO allotment status page on the registrar's website.

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

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

Submitting the details to view the allotment status.

Use of IPO Proceeds
The funds from the IPO will be allocated as follows:

₹3,326.00 Lakhs for meeting working capital requirements, supporting operational needs and growth.

General Corporate Purpose, providing flexibility for future corporate needs.

Company Overview and Financials
Mach Conferences and Events is a leader in the MICE industry, founded by Amit Bhatia and Laveena Bhatia, who bring over 20 years of experience in the field. The company has demonstrated impressive financial growth, with revenue increasing from ₹2,383.88 Lakhs in FY22 to ₹23,898.58 Lakhs in FY24. EBITDA grew from -₹231.02 Lakhs in FY22 to ₹3,454.01 Lakhs in FY24, and PAT surged from -₹260.63 Lakhs in FY22 to ₹2,618.29 Lakhs in FY24.

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For the IPO, the pre-issue EPS is ₹13.92, and the post-issue EPS is ₹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%, suggesting the IPO is fairly priced.

IPO Valuation
With strong financials and a high GMP, the Mach Conferences IPO is considered fairly valued. The significant subscription rate and potential listing gains make it an attractive investment opportunity.

Investment Recommendation
We recommend investors to apply for the Mach Conferences and Events Limited IPO due to its strong financial performance, high subscription rate, and promising listing gains. The company's proven track record and financial growth provide a solid foundation for both short-term gains and long-term investment.

For the latest updates, check the Mach Conferences IPO Live Subscription Status and monitor the allotment status on the Registrar’s website after the IPO period.

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