Mach Conferences IPO
#1. Quick Intro to Mach Conferences IPO
The initial public offering (IPO) of Mach Conferences will open for subscription on September 04 and close on September 06, comprising issues of Rs.125.28 crore. An investor can apply for the issue for a minimum of 600 shares and the listing will happen on September 11, 2024.
Mach Conferences Limited (2004) provides a comprehensive array of services tailor-made for MICE (Meetings, Incentives, Conferences, Exhibitions) and the Events sector. Our experience ranges from arranging small corporate events to large global events. We specialise in conference management, Exhibition Management and Global Event Planning. We also manage all logistical aspects of events at specific destinations. This includes venue selection, accommodation arrangements, transportation logistics, local activities, and on-site coordination.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Mach Conferences
The company intends to use the IPO Funds for the following purposes:
- Funding the working capital requirement of the company.
- General corporate purposes and issue expenses.
#3. Mach Conferences Core Strengths
- End-to-end solutions
- Proven track record
- Longterm relationship with clients
- Experienced promoter director with extensive knowledge.
#4. Mach Conferences IPO Review & Rating
| Issue Size | Rs.125.28 crore |
| Issue Price | Rs.214-225per share |
| Minimum Lot Size | 600 Shares |
| Total Profit (Latest) | Rs.2618.29 Lakhs |
| ROE (%) | 72.78 |
| RONW (%) | 57.57 |
| Listing on | BSE (SME) |
| IPO Deliver Rating | Two |
#5. Mach Conferences IPO Dates, Price Band & Details
Mach Conferences IPO will open on September 04, 2024, and close on September 06, 2024. The IPO is to be listed on September 11, 2024.
| Type of issue | Book Built issue IPO |
| Issue Size | Rs.125.28 crore |
| Price Brand | Rs.215-225 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | September 04, 2024 |
| IPO Close Date | September 06, 2024 |
| IPO Allotment Date | September 09, 2024 |
| Refund Date | September 10, 2024 |
| Share Credit Date | September 10, 2024 |
| Listing Date | September 11, 2024 |
#6. Mach Conferences IPO Offer Details
Mach Conferences IPO’s total issue size is 55,68,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 22,29,000 | Rs.50.15 |
| Offer for Sale (OFS) | 33,39,000 | Rs.75.13 |
#7. Mach Conferences Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | March 2024 | March 2023 | March 2022 |
| Total Revenue | 23898.58 | 14,193.89 | 2383.88 |
| Net Worth | 4956.72 | 2238.47 | 1357.71 |
| Profit | 2618.29 | 880.76 | -260.63 |
| Total Borrowings | 1233.08 | 988.53 | 509.69 |
#8. Mach Conferences Quantitative Factors
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category | March 2024 | March 2023 | March 2022 |
| EPS (Rs.) | 13.92 | 4.68 | -1.39 |
| RoNW (%) | 52.82 | 39.35 | -19.20 |
| NAV (Rs.) | 26.35 | 11.90 | 7.22 |
#9. Mach Conferences Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(In Lakhs) |
RoNW (%) | NAV |
| Exchion Events. | 4118.22 | 8.56 | 56.85 |
| Touchwood Enter. | 3271.73 | 10 | 32.70 |
#10. Mach Conferences Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Amit Bhatia |
| 02. | Leevana Bhatia |
#11. Mach Conferences Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 95.97 |
| Post-issue | 69.92 |
Click here for previous SME IPO
#12. Mach Conferences IPO Reservation Details
Mach Conferences IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB/others Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
#13. Mach Conferences IPO – Lot Size
An investor can apply for a minimum of 600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 600 | 1,35,000 |
| Retail (Max.) | 1 | 600 | 1,35,000 |
| HNI (Min.) | 2 | 1200 | 2,70,000 |
#14. Mach Conferences IPO – Prospectus Copy
An investor can download/view the Mach Conferences prospectus copy, which the company filed to exchange, details are as follows.
| Mach Conferences IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Mach Conferences IPO Registrar
Skyline Financial Services Private Limited
Website: www.skylinerta.com
#16. Mach Conferences IPO Lead Managers
Beeline Capital Advisors Private Limited
Website: www.beelinecapital.com
#17. Mach Conferences IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Mach Conferences IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Mach Conferences Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Mach Conferences Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Mach Conferences Company Details
Mach Conferences Limited
Registered Office: Office No-4, 2nd/Floor, Master Space, Plot No-27,
Kh/Mustatil No.-154, Killa No-19/2, Uggarsain
Park, Dichaon Road, Najafgarh Street No- 2,
Najafgarh, New Delhi- 110043, India
Email: compliance@machconferences.com
Website: www.machconferences.com
#19. Mach Conferences Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Mach Conferences Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Amit Bhatia |
| 02. | Levana Bhatia |
Mach Conferences IPO – Frequently Asked Questions (FAQs)
| #1. What is a Mach Conferences IPO?
Mach Conferences brings its IPO of Rs.125.28 crore, on September 04, 2024, with a price band of Rs.214-225 per share. |
| #2. What is the Mach Conferences IPO Open date?
Mach Conferences IPO’s opening date is September 04, 2024. |
| #3. What is the Mach Conferences IPO Close Date?
Mach Conferences IPO’s closing date is September 06, 2024. |
| #4. What is the Mach Conferences IPO Listing date?
Mach Conferences IPO listing date is September 11, 2024. |
| #5. What is the Mach Conferences IPO Minimum investment amount?
Mach Conferences IPO’s minimum investment amount is Rs.1,35,000. |
| #6. What is the Mach Conferences IPO offer issue Size?
Mach Conferences offers an issue size of Rs.125.28 crore. |
| #7. What is the Mach Conferences IPO Price Band?
Mach Conferences’s IPO price band is Rs.214-225 per share. |
| #8. Is Mach Conferences IPO mainboard IPO or SME IPO?
Mach Conferences IPO is an SME IPO. |
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