Schedule of Mach Conferences and Events
| Issue open date | 04 Sep 2024 |
| Issue close date | 06 Sep 2024 |
| UPI mandate deadline | 06 Sep 2024 (5 PM) |
| Allotment finalization | 09 Sep 2024 |
| Refund initiation | 10 Sep 2024 |
| Share credit | 10 Sep 2024 |
| Listing date | 11 Sep 2024 |
| Mandate end date | 21 Sep 2024 |
| Lock-in end date for anchor investors (50%) | 09 Oct 2024 |
| Lock-in end date for anchor investors (remaining) | 09 Dec 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Mach Conferences and Events
Mach Conferences and Events Limited is launching its IPO on September 4, 2024, with subscriptions closing on September 6, 2024. Founded in 2004, the company specializes in providing a comprehensive range of customized services for the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector. The company primarily serves clients in the banking, finance, and insurance sectors, along with those in hospitality, infrastructure, and FMCG. It is involved in managing conferences, exhibitions, and global events, handling logistics such as venue selection, accommodation, transportation, and on-site coordination.
Financials of Mach Conferences and Events
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹125.28 crores |
| Fresh Issue | ₹50.15 crores |
| Offer for sale | ₹75.13 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 33.26 (66.34%) |
| General corporate purposes | 16.89 (33.66%) |
Strengths
- Offers end-to-end services for hotel bookings, ticketing, events, and more, providing a one-stop solution in the MICE industry.
- Cultivates long-term client partnerships through personalized solutions and exceptional service.
- Maintains strong relationships with trusted vendors, ensuring quality and priority services for events.
Risks
- Pandemic-related disruptions: Future pandemics or similar health crises, leading to restrictions like lockdowns and travel bans, may disrupt business operations, reduce consumer demand, and increase costs.
- Customer concentration: A significant portion of the company’s revenue depends on a small number of customers. Losing any of these key customers could adversely affect sales and profitability.
- Dependence on international tours: The company’s revenue heavily relies on international tours, making it vulnerable to disruptions like political instability, natural disasters, or public health crises in foreign countries.
- Intense competition: The highly competitive industry environment may require aggressive bidding and accepting unfavourable terms, potentially affecting profitability and business growth.