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Mach Conferences and IPO
Price Band
₹214.0–225.0
Issue Size
₹125.28 Cr
Lot Size
600 shares
Min Investment
₹135,000
GMP
+₹145.0 (64.44%)
Issue Price
₹225.0
Subject to Sauda
₹66100
Paid only if allotted
Mach Conferences and IPO AI Summary
- Mach Conferences and IPO is listed on BSE SME in the Other Consumer Services sector.
- Price band: ₹214.0–₹225.0 per share, lot size 600 shares (min. investment ₹135,000).
- Subscription window: 04 Sep–06 Sep 2024, listing on 11 Sep 2024.
- Current GMP is +₹145.0 (64.44%), an estimated listing price of ₹370 — unofficial and can change daily.
Mach Conferences and Events Limited is looking to raise funds through its IPO to enhance its working capital and for general corporate purposes. With a strong growth in revenue and profits over the last few years, the company is well-positioned in the MICE sector, catering to a diverse range of clients.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Mach Conferences and IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 06 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Mach Conferences and IPO Grey Market Premium (GMP) Today
GMP
+₹145.0
GMP %
+64.44%
Est. Listing
₹370.0
Updated: 25 Jul 2026 14:04
About the Company
Mach Conferences and Events Limited was founded in 2004 and offers a comprehensive range of customized services for the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector. The company specializes in conference management, exhibition management and global event planning. The company also takes care of all logistical aspects of events at specific destinations. This includes venue selection, accommodation, transportation logistics, local activities and on-site coordination. The company's clients come from the banking, finance, and insurance sectors. The company has also worked for various industries including hospitality, infrastructure, FMCG, etc. In the last financial years i.e. 2023-24, the company has conducted 90 events including London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, Singapore, etc. The average revenue for conducting such events in FY 2023-24 was Rs. 263.62 lakhs per event. The company is present with co-working spaces in more than 18 states and union territories including Delhi, Maharashtra, Kolkata, Assam, Tamil Nadu, Jammu & Kashmir, Himachal Pradesh, Goa, Rajasthan etc. As of March 31, 2024, the company had a total of 55 employees.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 101.34 | 57.73 | 40.49 |
| Total Income | 238.99 | 141.94 | 23.84 |
| Profit After Tax | 26.18 | 8.81 | -2.61 |
| NET Worth | 49.57 | 22.38 | 13.58 |
| Reserves and Surplus | 30.76 | 22.33 | 13.53 |
| Total Borrowing | 12.33 | 9.89 | 5.10 |
Key Ratios
EPS
₹13.92
NAV
₹26.35
ROE
72.78%
ROCE
57.57%
RoNW
52.82%
P/B Value
8.54
P/E Ratio
16.16
Market Cap
₹473.33 Cr
PAT Margin
11.04%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Diluted |
|---|---|---|---|---|
| Touchwood Entertainment Limited | 32.7 | 10% | 39.67 | 3.42 |
| Exhicon Events Media Solutions Ltd | 56.85 | 8.56% | 69.28 | 4.87 |
| Mach Conferences and Events Limited This IPO | 26.35 | 52.82% | — | 13.92 |
Promoters
Amit Bhatia and Laveena Bhatia
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To Meet Working Capital Requirements 33.26 2 General Corporate Purpose 12.52
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income increased from ₹23.84 Cr in the period ending 31 Mar 2022 to ₹141.94 Cr by 31 Mar 2023, and further rose to ₹238.99 Cr in the most recent period ending 31 Mar 2024. This demonstrates a strong growth trajectory in revenue over the three periods.
Profit Trend
Profit After Tax improved significantly from a loss of ₹2.61 Cr in the period ending 31 Mar 2022 to ₹8.81 Cr by 31 Mar 2023, and further increased to ₹26.18 Cr by 31 Mar 2024. This indicates a positive trend in profitability over the analyzed periods.
Valuation
The company's implied P/E ratio at the issue price of ₹225 is approximately 16.16, compared to peers trading at P/E ratios ranging from 39.67 to 69.28.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the potential listing price of an IPO. It reflects the price at which shares are being traded in the grey market before the official listing. A higher GMP suggests strong demand and potential for listing gains, while a lower GMP may indicate weaker demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market position, and financial health.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares of an IPO are listed on the stock exchange, often at a higher price than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock.
This evaluation is generated from Mach Conferences and's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Mach Conferences and IPO GMP today?
Mach Conferences and IPO GMP today is +₹145.0 (64.44%), indicating an estimated listing price of ₹370. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Mach Conferences and IPO?
The price band of Mach Conferences and IPO is ₹214.0–₹225.0 per share.
When does Mach Conferences and IPO open and close?
Mach Conferences and IPO opens on 04 September 2024 and closes on 06 September 2024.
When does Mach Conferences and IPO list on the stock exchange?
Mach Conferences and IPO listed on 11 September 2024 at ₹370.0.
What is the lot size for Mach Conferences and IPO?
The lot size for Mach Conferences and IPO is 600 shares, requiring a minimum investment of ₹135,000.
What is the price band for the IPO?
The price band for the IPO is ₹214.0 to ₹225.0.
What is the lot size for the IPO?
The lot size for the IPO is 600 shares.
What is the minimum investment required?
The minimum investment required is ₹135,000.
When does the IPO open and close?
The IPO opens on September 4, 2024, and closes on September 6, 2024.
What does GMP stand for?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO shares.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
04 Sep 2024
Close
06 Sep 2024
Allotment
09 Sep 2024
Listing
11 Sep 2024
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