Mach Conferences and Events Limited is coming up with an IPO worth INR 125.28 crores, consisting of a fresh issue of 22,29,000 shares worth INR 50.15 crores and an offer to sell 33,39,000 shares worth INR 75.13 crores. The company aims to meet working capital requirements and general corporate purposes.
Mach Conferences and Events IPO – Important Dates
| Mach Conferences & Events Limited IPO Date | September 4, 2024 to September 6, 2024 |
| Mach Conferences & Events Limited IPO Listing Date | September 11, 2024 |
| Mach Conferences & Events Limited IPO Price | INR 214-225 per share |
| Mach Conferences & Events Limited IPO Lot Size | 600 Shares |
| Mach Conferences & Events Limited IPO Total Issue Size | INR 125.28 crores |
| Mach Conferences & Events Limited IPO Basis of Allotment | September 9, 2024 |
| Mach Conferences & Events Limited IPO Initiation of Refunds | September 10, 2024 |
| Mach Conferences & Events Limited IPO Credit of Shares to Demat | September 10, 2024 |
| Mach Conferences & Events Limited IPO Issue Type | Book Built Issue IPO |
| Mach Conferences & Events Limited IPO Listing At | BSE, SME |
Mach Conferences and Events Limited IPO – Company Profile
Mach Conferences and Events Limited specializes in MICE and events management, offering tailored services for conferences, exhibitions, and global events. Their team ensures seamless logistics, creative planning, and meticulous budget control.
Expanding into B2C with “BookMyYatra.com” and diversifying into Religious Tourism, the company leverages its MICE expertise and nationwide presence, with operations centralized at their Noida corporate office.
Their company offers comprehensive MICE solutions, including event management, destination logistics, hotel bookings, ticket and visa arrangements, transportation, and foreign exchange services, ensuring seamless and personalized experiences for clients and attendees.
Mach Conferences & Events Ltd IPO Fundamental Analysis
Mach Conferences & Events Limited’s financial analysis reveals a mixed performance. Revenue has significantly increased, equity and liabilities have grown, profitability and EPS improved, RoNW decreased, and assets and liquidity have strengthened, indicating business growth.
- Revenue Trend: The revenue increased from ₹2,314.09 lakh in March 2022 to ₹14,129.17 lakh in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 23,725.89 lakh.
- Equity and Liabilities: Both equity and liability has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has increased from ₹(260.63) lakh in March 2022 to ₹2,618.29 lakh by March 2024. The rise in profitability could be a source of confidence for investors.
- Earnings per Share (EPS): The diluted EPS has also increased from ₹(1.39) in March 2022 to ₹13.92 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has reduced from (19.20)% to 52.82%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
Mach Conferences and Events IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakh) | 2,314.09 | 14,129.17 | 23,725.89 |
| Equity (₹ in lakh) | 1,357.71 | 2,238.47 | 4,956.72 |
| Expenses (₹ in lakh) | 2,594.07 | 13,125.37 | 20,413.05 |
| Profit and Loss After Tax (₹ in lakh) | (260.63) | 880.76 | 2,618.29 |
| RoNW (%) | (19.20) | 39.35 | 52.82 |
| NAV per Equity Share (₹) | 7.22 | 11.90 | 26.35 |
| Diluted EPS only (₹) | (1.39) | 4.68 | 13.92 |
| Total Assets (in lakhs) | 4,049.21 | 5,772.64 | 10,133.75 |
| Total Liabilities (in lakhs) | 2,691.5 | 3,534.17 | 5,177.03 |
| Debt Equity Ratio | 0.38 | 0.44 | 0.25 |
| Current Ratio (in time) | 1.02 | 1.29 | 1.77 |
Mach Conferences and Events Limited IPO Peer Comparison
Mach Conferences and Events Limited leads in revenue and profitability, with strong earnings per share and return on net worth. Exhicon Events Media Solutions and Touchwood Entertainment show competitive performance but trail in overall financial metrics.
| Company | Type of financial | Revenue from Operations (₹ in lakh) | Face Value per Equity Share (₹) | P/E | EPS (Diluted) (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| Mach Conferences and Events Limited | Standalone | 23,725.89 | 10 | – | 13.92 | 52.82 | 26.35 |
| Exhicon Events Media Solutions Ltd | Standalone | 4,118.22 | 10 | 69.28 | 4.87 | 8.56 | 56.85 |
| Touchwood Entertainment Limited | Standalone | 3,271.73 | 10 | 39.67 | 3.42 | 10.00 | 32.70 |
Mach Conferences & Events Ltd IPO Objective
The main objective of Mach Conferences and Events Limited is to meet working capital requirements.
- To Meet Working Capital Requirements: The company intends to utilize INR 33.26 Crores from the Net Proceeds to meet increasing net working capital requirements, driven by its focus on delivering exceptional event management solutions for the Banking, Finance, and Insurance sectors.
- General Corporate Purpose: The company plans to use the net proceeds for general corporate purposes, including acquiring property, hiring talent, forming strategic alliances, funding growth, capital expenditure, working capital, and servicing existing and future debts.
Mach Conferences and Events IPO Risks And Challenges
Mach Conferences and Events Limited’s risk includes potential lease uncertainties in New Delhi and Noida, reliance on co-working spaces for tax benefits, and significant impacts on operations, costs, and financial stability from pandemics.
- Leased office premises in New Delhi and Noida may face uncertain future renewal terms. Relocation or changes in lease agreements could disrupt operations, increase costs, and adversely affect their business, operations, and financial stability.
- In order to avail themselves of the Input Tax Credit on Place of Supply, they have a locational presence by way of co-working space in various states and union territories where they do not have an operational presence.
- Pandemics like COVID pose significant risks to business continuity. They cause disruptions in demand, supply chains, and logistics, increase costs, impact revenue, profitability, and operational efficiency, and jeopardize long-term financial stability.
Mach Conferences & Events Ltd IPO – Industry & Market Potential
India’s MICE market, valued at US$3.30 billion in 2023, is expected to reach US$10.52 billion by 2030, growing at an 18% CAGR, driven by increased business travel and event organization focus.
With significant growth in MICE tourism, India’s exhibition sector is expanding rapidly, surpassing GDP growth. Significant venues like the Jio World Convention Center are emerging, and government efforts aim to boost India’s global MICE presence.
The adoption of hybrid events and sustainable practices fuels MICE sector growth. Cutting-edge technologies like AR and VR enhance engagement. Infrastructure development, e-visa schemes, and emerging tier-II cities support India’s promising future in MICE.
Mach Conferences and Events Limited IPO – Type of Offer
Mach Conferences & Events Limited plans a fresh issue of shares, seeking INR 50.15 crores to fund working capital requirements and general corporate needs. Additionally, the company proposes an offer for sale, intending to sell 33.39 lakh existing shares.
- Fresh Issue: The company will issue new shares to raise capital, aiming to collect INR 50.15 crores. The company intends to utilize the proceeds from the fresh issue for funding working capital requirements and general corporate purposes.
- Offer for sale: Mach Conferences & Events Limited is offering to sell 33.39 lakh existing shares. The following are the details of the existing shareholders who are also the promoters selling the shares:
| Name of the promoter selling shareholder | Maximum number of offered shares for sale (in millions) |
| Amit Bhatia | 30,04,800 |
| Amit Bhatia | 3,34,200 |
Mach Conferences and Events IPO Offer Size
The offer size of Mach Conferences and Events Limited is INR 125.28 crores, consisting of a fresh issue of 22,29,000 shares worth INR 50.15 crores and an offer to sell 33,39,000 shares worth INR 75.13 crores. The company seeks funds to meet working capital requirements and general corporate purposes.
Mach Conferences and Events Limited IPO Allotment Structure
Mach Conferences & Events Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 102,600 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 102,600 shares, are reserved for market makers.
How to apply for the Mach Conferences & Events IPO?
To apply for the Mach Conferences & Events Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Mach Conferences & Events Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Mach Conferences & Events Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Mach Conferences & Events IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Mach Conferences & Events Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Mach Conferences & Events Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Mach Conferences & Events Limited IPO:
● Registrar’s Website: Visit the website of Skyline Financial Services Private Limited, the registrar of the Mach Conferences & Events Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Mach Conferences & Events Ltd IPO Offer Registrar
The registrar for the Mach Conferences & Events Limited IPO is Skyline Financial Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi,
Delhi– 110020, India
Telephone Number: 011-40450193 to 97,
Email Id: [email protected]
Website: www.skylinerta.com
Mach Conferences & Events IPO – FAQs
1. What is the allotment date of the Mach Conferences & Events IPO?
The allotment date of the Mach Conferences & Events Limited IPO is September 9, 2024.
2. What is the price band of the Mach Conferences & Events IPO?
The price band of the issue is INR 214-225 per share.
3. What is the size of the Mach Conferences & Events IPO?
The offer size of Mach Conferences and Events Limited is INR 125.28 crores, consisting of a fresh issue of 22,29,000 shares worth INR 50.15 crores and an offer to sell 33,39,000 shares worth INR 75.13 crores. The company seeks funds to meet working capital requirements and general corporate purposes.
4. What is the listing date of the Mach Conferences & Events IPO?
The listing date of Mach Conferences & Events Limited’s IPO is September 11, 2024.
