Exhicon Events Media Solutions
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 31 Mar 2023 – 05 Apr 2023
- Listing date
- 17 Apr 2023
- Face value
- ₹10 per share
- Issue price
- ₹64 per share
- Lot size
- 2,000 shares
- Issue type
- Book Building issue
- Total issue size
- ₹21.12 Cr
- Market cap at offer price
- ₹76 Cr
- Promoter holding
- 86.20% → 62.25% pre-issue → post-issue
- ISIN
- INE0O8901016
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- Share India Capital Services Pvt.Ltd.
- Registered office
- 103, Crystal Paradise, DS Road, off Veera Desai Road, Andheri (West), Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 3,30,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹64
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,28,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,56,000 |
| S-HNI (max) | 7 | 14,000 | ₹8,96,000 |
| B-HNI (min) | 8 | 16,000 | ₹10,24,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 4,283.80 | — |
| P/E (×) | 0.01 | — |
| Market cap | — | ₹76 Cr |
Key performance indicators
- Return on net worth
- 93.11%
- ROCE
- 123.26%
- PAT margin
- 9.24%
- EBITDA margin
- 13.86%
- NAV per share
- ₹4,600.80
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Exhicon Events Media Solutions
Exhicon Events Media Solutions Limited was incorporated on September 26, 2010, as a private limited company and converted to a public limited company on January 2, 2023. The company provides a full range of products and services for the exhibitions, conferences, and events industry, including media services, integrated marketing solutions, temporary to permanent event infrastructure, and comprehensive event management and organization. The company serves B2B and B2C events, working with various state governments, domestic associations, and international clients across industries including hospitality, F&B, non-chemical FMCG, international trading, and healthcare. The company positions itself as an end-to-end service provider, assimilating various project aspects to ensure operational efficiencies and deliver value to stakeholders.
Company Analysis
from RHPExhicon Events Media Solutions Limited is an end-to-end service provider for the exhibitions, conferences, and events industry, offering turnkey solutions spanning from media and integrated marketing to temporary and permanent event infrastructure management.
Exhicon Events Media Solutions Limited was incorporated on September 26, 2010, as a private limited company and converted to a public limited company on January 2, 2023. The company provides a full range of products and services for the exhibitions, conferences, and events industry, including media services, integrated marketing solutions, temporary to permanent event infrastructure, and comprehensive event management and organization. The company serves B2B and B2C events, working with various state governments, domestic associations, and international clients across industries including hospitality, F&B, non-chemical FMCG, international trading, and healthcare. The company positions itself as an end-to-end service provider, assimilating various project aspects to ensure operational efficiencies and deliver value to stakeholders.
Objects of the Issue
- Working capital gap ₹500.00 lakhs p.17
- Acquisition of exhibition material ₹1,027.78 lakhs p.17
- Issue expenses ₹324.22 lakhs p.17
- General Corporate Purposes ₹260.00 lakhs p.17
- Working capital gap ₹500.00 Lakhs p.59
- Acquisition of exhibition material ₹1027.78 Lakhs p.59
- Issue expenses ₹324.22 Lakhs p.59
- General Corporate Purposes ₹260.00 Lakhs p.59
- Capital expenditure for expansion and growth
Issue Structure
- Total Issue
- ₹2,112.00 lakhs (33,00,000 Equity Shares at ₹64 per share)
- Fresh Issue
- ₹2,112.00 lakhs (33,00,000 Equity Shares)
- Offer for Sale
- Not Applicable
- Price Band
- ₹61.00 to ₹64.00 per Equity Share
- Lot Size
- 2,000 Equity Shares and multiples thereof
- Face Value
- ₹10.00 per Equity Share
Business Model
The company generates revenue through providing turnkey events and trade fair constructs for small to large B2B and B2C fairs and events. Revenue is derived from comprehensive event services including helping clients obtain requisite permissions and licenses, providing in-house infrastructure for large-scale events, and delivering integrated marketing solutions. The company works with clients ranging from state governments and domestic trade fair organizers to international clients.
Business Segments
SWOT Analysis
- • End-to-end service provider for exhibitions and events industry(p.16)
- • Diverse industry experience and turnkey solutions capability(p.16)
- • Integrated infrastructure and marketing solutions(p.16)
- • Growing market opportunity with strong CAGR(p.16)
- • End-to-end exhibition and events service provider with comprehensive offerings(p.76)
- • Full gamut of products and services from concept to completion(p.77)
- • Robust client relationships and proven track record delivering results(p.77)
- • Industry recognition and prestigious awards(p.78)
- • Strong core expertise in conceptualization, marketing and exhibition hosting(p.78)
- • In-house infrastructure and modular inventory across multiple cities(p.77)
- • International presence and global network(p.78)
- • Strong financial performance with improving margins(p.66)
- • End-to-end services provider for exhibitions and events industry(p.160)
- • Turnkey solutions for event construction across customer segments(p.160)
- • In-house infrastructure and integrated marketing capabilities(p.160)
- • Diversified client base across government and international sectors(p.160)
- • Strong financial performance with improving profitability(p.165)
- • Growing revenue base demonstrating market traction(p.165)
- • Outstanding litigation and regulatory actions against company(p.23)
- • History of negative cash flows from operations(p.23)
- • Incurred losses in one of the last three financial years(p.24)
- • Non-compliance with statutory filing requirements under Companies Act(p.24)
- • Lack of insurance coverage for business operations(p.25)
- • Expired Business Registration of subsidiary in Hong Kong(p.25)
- • Trademark application status abandoned(p.28)
- • Promoter group company filed financials with discrepancies(p.27)
- • Significant concentration of shareholding among promoter group entities(p.56)
- • Limited manpower with only 27 employees(p.79)
- • High dependence on few key customers(p.66)
- • Abandoned trademark application(p.80)
- • No insurance coverage for company operations(p.80)
- • Negative working capital historically(p.60)
- • Limited formal governance structure and processes historically(p.90)
- • Significant dependence on related party transactions and loans(p.138)
- • High debt-to-equity ratio and leverage(p.139)
- • Outstanding trade receivables aging beyond 1 year(p.131)
- • Pending litigation against the company(p.170)
- • India's improving ease of doing business ranking(p.16)
- • Expanding retail market in India(p.16)
- • Exhibitions as economic growth enablers(p.16)
- • Use of IPO proceeds for working capital and acquisition of exhibition material(p.17)
- • Geographic expansion of existing exhibitions to new cities(p.78)
- • Launch of new in-house exhibition brands across multiple industry segments(p.78)
- • Acquisition of exhibition brands in new verticals(p.78)
- • Forward and backward integration along the value chain(p.78)
- • Growing Indian exhibition and events market with strong CAGR(p.71)
- • Geo-cloning of international exhibitions to India(p.73)
- • Consumer goods and retail market growth(p.71)
- • Expansion of event infrastructure and integrated marketing solutions(p.160)
- • Increasing B2B and B2C event market participation(p.160)
- • Diversification across multiple industries(p.160)
- • Public listing access to capital markets for growth funding(p.160)
- • Industry impacted by COVID-19 pandemic(p.16)
- • Dependence on prevailing economic conditions in India and globally(p.34)
- • Impact of changes in government regulations and policies(p.30)
- • Exposure to natural calamities in India(p.34)
- • Risks from political instability and terrorism(p.34)
- • Infrastructure development constraints in India(p.33)
- • Foreign investment restrictions under Indian law(p.34)
- • Competition and expansion risks in new markets(p.29)
- • Highly fragmented and competitive exhibition market(p.80)
- • External regulation and compliance requirements for events(p.82)
- • GST compliance complexity and cost implications for events(p.82)
- • Industry cyclicality and market dependency on economic conditions(p.71)
- • Unorganized sector competition with lower pricing(p.75)
- • Restrictions limiting participation of smaller players(p.75)
- • Dependence on government approvals and policy changes(p.73)
- • Regulatory and policy changes affecting entertainment and events sector(p.161)
- • Dependence on government spending and support for entertainment industry(p.161)
- • Economic cyclicality and volatility affecting demand(p.161)
- • Competition and market performance risks(p.161)
- • Technology adaptation requirements in event industry(p.161)
- • Failure to adapt to evolving industry needs(p.161)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mohammad Quaim Syed | Promoter | 9.69% | 7.00% |
| Padma Mishra | Promoter | 24.67% | 17.81% |
| Aarnah Capital Advisors Private Limited | Promoter Group | 27.66% | 19.97% |
| Paruhang Constructions & Suppliers Private Limited | Promoter Group | 24.18% | 17.46% |
| Mohammad Quaim Syed | Promoter | 9.69% | 7.00% |
| Padma Mishra | Promoter | 24.67% | 17.81% |
| Aarnah Capital Advisors Private Limited | Promoter Group | 27.66% | 19.97% |
| Paruhang Constructions & Suppliers Private Limited | Promoter Group | 24.18% | 17.46% |
| M Q Syed | Promoter | 15.08% | — |
| Padma Mishra | Promoter | 38.39% | — |
| Paruhang constructions pvt ltd | Promoter | 1.70% | — |
| Aarnah Capital Advisors | Promoter | 25.81% | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.