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Mach Conferences and Events Makes a Strong Debut with 33.33% premium on BSE SME, shares lists at ₹300

Mach Conferences and Events shares opened at ₹300, 33.33% above IPO price, before correcting 5% to ₹285, indicating early excitement followed by a slight market adjustment.
Mach Conferences and Events Makes a Strong Debut with 33.33% premium on BSE SME, shares lists at ₹300

Mach Conferences and Events shares debuted on the BSE SME at ₹300, a 33.33% premium over the ₹225 IPO price. However, the share price later corrected by 5%, dropping to ₹285, reflecting initial enthusiasm followed by a slight market adjustment.

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Mach Conferences and Events shares had a strong stock market debut on Wednesday, September 11, following an impressive subscription of nearly 200 times during its initial public offering held from September 4-6, 2024, reflecting significant investor interest in the company’s public offering.

Mach Conferences and Events Limited excels in MICE and event management, providing customised services for conferences, exhibitions, and global events with expert logistics, creative planning, and budget control. Expanding into B2C with “BookMyYatra.com” and religious tourism, their Noida-based operations offer end-to-end MICE solutions, including logistics, hotel bookings, visas, transportation, and foreign exchange services.

Mach Conferences and Events Ltd aims to utilise INR 33.26 Crores for working capital, focusing on event management for Banking, Finance, and Insurance sectors, while also allocating funds for corporate purposes like growth, hiring, and debt servicing.

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