Mach Conferences & Events
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 04 Sep 2024 – 06 Sep 2024
- Listing date
- 11 Sep 2024
- Face value
- ₹10 per share
- Issue price
- ₹225 per share
- Lot size
- 600 shares
- Listing at
- BSE
- Total issue size
- ₹125 Cr
- Market cap at offer price
- ₹473 Cr
- Promoter holding
- 95.97% → 69.92% pre-issue → post-issue
- ISIN
- INE0UYT01018
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Lead managers
- Beeline Capital Advisors Pvt.Ltd.
- Registered office
- Office No-4, 2nd/Floor, Master Space, Plot No-27, Kh/Mustatil No.-154, Killa No-19/2, Uggarsain Park, Najafgarh Street No 2, Najafgarh, New Delhi
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 15,78,000 | — | — |
| Market maker | 3,00,000 | — | — |
Application size
Minimum 600 shares per lot, in multiples, at ₹225
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 600 | ₹1,35,000 |
| S-HNI (min) | 2 | 1,200 | ₹2,70,000 |
| S-HNI (max) | 7 | 4,200 | ₹9,45,000 |
| B-HNI (min) | 8 | 4,800 | ₹10,80,000 |
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.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 13.92 | 12.45 |
| P/E (×) | 16.16 | 18.07 |
| Price to book (×) | 8.54 | — |
| Market cap | — | ₹473 Cr |
Key performance indicators
- Return on net worth
- 52.82%
- ROCE
- 57.57%
- PAT margin
- 11.04%
- NAV per share
- ₹26.35
- Price to book
- 8.54
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Mach Conferences & Events
Mach Conferences and Events Limited (originally incorporated as Mach Conferences and Events Private Limited on April 29, 2004 under the Companies Act, 1956, and converted into a public limited company with a fresh certificate dated June 18, 2024) is headquartered in Najafgarh, New Delhi with its corporate office in Noida, Uttar Pradesh. Founded and promoted by Amit Bhatia and Laveena Bhatia, who have been associated with the company since inception, it provides comprehensive, tailor-made services for the MICE (Meeting, Incentives, Conferences, Exhibitions) and Events sector — specialized in conference management, exhibition management and global event planning, managing venue selection, accommodation, transportation, ticket and visa arrangements, airline bookings, local activities, on-site coordination and foreign exchange facilitation. Its clientele is majorly from the Banking, Finance and Insurance sector, with work done for hospitality, infrastructure and FMCG clients; over the last three years it completed 90 events (FY24) held in locations such as London, South Korea, Bangalore, Paris, Goa, Srinagar, Singapore and Mussoorie, generating average revenue of ₹263.62 lakhs per event in FY 2023-24. The company earns money primarily through Package Tour & Event Services (₹23,661.65 lakhs, 99.73% of FY24 revenue from operations of ₹23,725.89 lakhs) with small commission income (₹64.24 lakhs), reporting FY24 standalone PAT of ₹2,618.29 lakhs. It is ISO 9001:2015 certified, a PATA member since 2012, an IATO allied member for 2024-25, IATA certified (2024), and has won 'Best MICE Company' (India Travel Awards North 2023) and 'Best MICE Organiser' (India MICE Awards 2018).
Company Analysis
from DRHPMach Conferences and Events Limited is an Indian MICE (Meetings, Incentives, Conferences and Exhibitions) and events-management company providing end-to-end conference, exhibition, corporate-meeting and incentive-tour services — including venue/hotel bookings, ticketing, visas, logistics and foreign exchange — to corporate clients, primarily from the banking, finance and insurance sectors.
Mach Conferences and Events Limited (originally incorporated as Mach Conferences and Events Private Limited on April 29, 2004 under the Companies Act, 1956, and converted into a public limited company with a fresh certificate dated June 18, 2024) is headquartered in Najafgarh, New Delhi with its corporate office in Noida, Uttar Pradesh. Founded and promoted by Amit Bhatia and Laveena Bhatia, who have been associated with the company since inception, it provides comprehensive, tailor-made services for the MICE (Meeting, Incentives, Conferences, Exhibitions) and Events sector — specialized in conference management, exhibition management and global event planning, managing venue selection, accommodation, transportation, ticket and visa arrangements, airline bookings, local activities, on-site coordination and foreign exchange facilitation. Its clientele is majorly from the Banking, Finance and Insurance sector, with work done for hospitality, infrastructure and FMCG clients; over the last three years it completed 90 events (FY24) held in locations such as London, South Korea, Bangalore, Paris, Goa, Srinagar, Singapore and Mussoorie, generating average revenue of ₹263.62 lakhs per event in FY 2023-24. The company earns money primarily through Package Tour & Event Services (₹23,661.65 lakhs, 99.73% of FY24 revenue from operations of ₹23,725.89 lakhs) with small commission income (₹64.24 lakhs), reporting FY24 standalone PAT of ₹2,618.29 lakhs. It is ISO 9001:2015 certified, a PATA member since 2012, an IATO allied member for 2024-25, IATA certified (2024), and has won 'Best MICE Company' (India Travel Awards North 2023) and 'Best MICE Organiser' (India MICE Awards 2018).
Objects of the Issue
- To Meet Working Capital Requirements ₹ 3,326.00 lakhs p.81
- General Corporate Purpose p.83
- To meet Public Offer Expenses p.84
Issue Structure
- Total Issue
- Upto 55,68,000 Equity Shares aggregating to ₹ [●] Lakhs
- Fresh Issue
- Upto 22,29,000 Equity Shares aggregating to ₹ [●]/- Lakhs
- Offer for Sale
- Upto 33,39,000 Equity Shares by Promoter Selling Shareholders – Amit Bhatia (up to 30,04,800 shares) and Laveena Bhatia (up to 3,34,200 shares) aggregating to ₹ [●]/- Lakhs
- Face Value
- ₹ 10/- each
Business Model
Revenue comes almost entirely from fees for end-to-end MICE/event packages delivered to corporate clients — 'Package Tour & Event Services' (99.73% of FY24 revenue from operations) — supplemented by commission income (0.27%), per the revenue bifurcation disclosed in the DRHP.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Amit Bhatia | Promoter / Promoter Selling Shareholder | 86.26% | — |
| Laveena Bhatia | Promoter / Promoter Selling Shareholder | 9.60% | — |
Leadership
Auto-extracted from the company's DRHP 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 DRHP before relying on it.