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Mach Conferences and Events IPO
Mach Conferences & Events Ltd
₹1,28,400 /600 sharesMinimum Investment
Mach Conferences and Events IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 4 Sep ‘24 - 6 Sep ‘24 | ₹1,28,400 | 600 | ₹214 - ₹225 |
| Issue Size | IPO Doc |
|---|---|
| 125.28Cr | RHP PDF |
About Mach Conferences and Events
Founded in
2004
Managing director
Mr. Amit Bhatia
Parent organisation
Mach Conferences & Events Ltd
Strengths & Financials of Mach Conferences and Events
Strengths
Risks
Mach Conferences and Events holds the ISO 9001:2015 certification for quality management systems.
The company is a member of the Pacific Asia Travel Association (PATA) and an allied member of the Indian Association of Tour Operators (IATO), which is the national body for tour operators in India.
The company has a presence across 18 states and Union Territories.
The company has seen a consistent increase in revenue from operations. The figures increased from Rs 23.14 crore in FY22 to Rs 141.29 crore in FY23 to Rs 237.26 crore in FY24.
The company is involved in certain outstanding litigation. Any adverse judgments in any of these cases could negatively impact the company’s business prospects.
A major part of the company’s revenue relies on a few key customers. The company’s top 10 customers accounted for 91.80%, 88.06%, and 92.13% of its sales in FY24, FY23, and FY22, respectively. A loss of any of these major customers or a decline in business from them could adversely affect the company’s financial standing.
Mach Conferences and Events has a total indebtedness of Rs 12.33 crore as of March 31, 2024. Any inability to service or repay these loans on time could negatively impact the company’s business.
The company reported a loss of Rs 2.61 crore in FY22. Any recurrence of such losses in the future would be detrimental to the company.
The events industry, in which the company operates, is a niche industry that is prone to risks associated with accidents, medical emergencies, or unforeseen events during gatherings. Any adverse developments during events that the company organises could harm its reputation, growth, and business prospects.
Mach Conferences and Events Financials
*All values are in Rs. Cr
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Application Details of Mach Conferences and Events IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹214 - 225 | ₹2 - 5 Lakh |
| High Networth Individual | ₹214 - 225 | ₹2 - 5 Lakh |
For Mach Conferences and Events IPO, eligible investors can apply as Regular.