Mach Conferences and Events IPO: If you are thinking of betting on an IPO, then you have another opportunity from tomorrow i.e. 4 September. Actually, the IPO of Mach Conferences and Events is opening for investment from tomorrow, Wednesday, 4 September. Investors will be able to bet in this issue till Friday 6 September. The price of the Mac Conferences and Events IPO has been fixed between ₹ 214 and ₹ 225 per share. Its face value is ₹ 10. In this, you can bet for a minimum bid of 600 shares. The company’s shares are currently available at a premium of Rs 200 in the gray market. That is, listing is possible at Rs 425 as against the price band of ₹ 225. According to this, investors can get a profit of 90% on the very first day.
What is the detail?
The MAC Conference & Events IPO is priced at Rs 125.28 crore. It consists of a fresh issue of Rs 50.15 crore and an offer for sale (OFS) of up to 75.13 crore equity shares. The company will use the funds raised from the IPO to meet working capital requirements and general corporate expenses. Beeline Capital Advisors Private Limited is overseeing the MAC Conference & Events IPO as the book running lead manager and Skyline Financial Services Private Limited has been appointed as the registrar to the issue. SpreadX Securities has been designated as the market maker for the MAC Conference & Events IPO.
company business
The company provides a wide range of services designed specifically for the MICE (meeting, incentive, conference, exhibition) and event industries. It has organized events ranging from small business gatherings to large international events. The company specializes in global event planning, exhibition management and conference management. It also oversees all event logistics at some locations. MAC Conferences & Events Ltd has seen a 68% increase in revenue and a 197% jump in profit after tax (PAT) for the financial year ending March 31, 2024 as compared to March 31, 2023.