Mach Conferences & Events Limited has received approval from the Bombay Stock Exchange (BSE) to go ahead with its Initial Public Offering (IPO). The company had submitted the necessary paperwork to begin the process for listing on the BSE SME platform.
IPO Details
The company plans to issue up to 22,29,000 new equity shares and offer up to 33,39,000 shares for sale, each with a face value of ₹10, as outlined in their Draft Red Herring Prospectus (DRHP).
About the Company
Mach Conferences & Events Limited is involved in organising events, particularly in the MICE (Meetings, Incentives, Conferences, and Exhibitions) industry. They manage everything from small corporate gatherings to large international events, focusing on logistics such as venue selection, accommodation, transportation, and on-site coordination.
The company’s professional team works on event planning, making sure every detail is well-executed while maintaining budgets. Their approach combines creativity and thoroughness, ensuring clients have memorable experiences.
The company operates in over 18 States and Union Territories across India, including Delhi, Maharashtra, Tamil Nadu, Jammu & Kashmir, and others. The company’s promoters are Amit and Laveena Bhatia.
Financial Performance
Mach Conferences & Events has grown significantly over recent years, with revenue increasing from ₹2,314.09 lakh in FY22 to ₹23,725.89 lakh in FY24. The company has maintained profitability, with a PAT margin of 11.04% and an EBITDA margin of 14.56%. Their return on equity (RoE) is 72.78%, while their return on capital employed (RoCE) is 57.57%, indicating strong financial performance.
IPO Management
Beeline Capital Advisors Private Ltd is managing the IPO, and Skyline Financial Services Pvt Ltd is acting as the registrar.
This IPO will place Mach Conferences & Events alongside competitors such as Exhicon Events Media Solutions Ltd and Touchwood Entertainment Ltd.
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