Mach Conferences and Events IPO subscription status started on September 04, 2024, and closed on September 06, 2024. The company aims to raise approximately ₹125.28 crore via this IPO. The retail quota is 35%, NII 15% and QIB is 50%. The price band is fixed at ₹214 to ₹225 per equity share.
The IPO consists of a minimum market lot of 600 Shares requiring an application amount of ₹1,35,000. Mach Conferences and Events is an SME IPO, and it will be listed on the BSE.
Table of contents
IPO Overview
Mach Conferences and Events is a leading player in the MICE (Meetings, Incentives, Conferences, and Exhibitions) industry, offering comprehensive services for organizing and managing events globally. Founded in 2004, the company boasts over 20 years of experience and holds certifications from IATA, ADTOI, IATO, and PATA.
Specifically, the company specializes in conference and exhibition management while handling all logistical aspects such as venue selection, accommodation, transportation, and on-site coordination. Over the past three years, they have conducted more than 300 events for over 30 elite brands across various industries including Banking, Finance, Insurance, Hospitality, Infrastructure, and FMCG.
Moreover, in FY 2023-24, Mach Conferences and Events organized 90 events in diverse locations such as London, Paris, and Singapore, with an average revenue of ₹263.62 lakhs per event. Additionally, they operate co-working spaces in over 18 states and union territories, including Delhi, Maharashtra, and Tamil Nadu, and employ a team of 55 dedicated professionals.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Mach Conferences and Events IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 3.52 | 4.05 | 146.66 |
| NII | 7.85 | 21.34 | 403.69 |
| RII | 9.88 | 32.95 | 136.49 |
| Total | 7.63 | 22.21 | 196.70 |
Mach Conferences and Events IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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Mach Conferences and Events IPO Form
To apply for the Mach Conferences and Events IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 04, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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