{"id":30639,"date":"2024-08-30T15:58:31","date_gmt":"2024-08-30T10:28:31","guid":{"rendered":"https:\/\/livemumbai.in\/index.php\/2024\/08\/30\/mach-conferences-and-events-limited-ipo-opens-on-04th-september-2024\/"},"modified":"2024-08-30T15:58:31","modified_gmt":"2024-08-30T10:28:31","slug":"mach-conferences-and-events-limited-ipo-opens-on-04th-september-2024","status":"publish","type":"post","link":"https:\/\/livemumbai.in\/index.php\/2024\/08\/30\/mach-conferences-and-events-limited-ipo-opens-on-04th-september-2024\/","title":{"rendered":"Mach Conferences and Events Limited IPO Opens On 04th September, 2024"},"content":{"rendered":"<div>\n<div>\n<p><strong>New Delhi [India] August 30:<\/strong> Mach Conferences and Events Limited\u00a0specializes in providing end-to-end event management solutions within the MICE\u00a0industry,\u00a0proposes to open its\u00a0Initial Public Offering (IPO)\u00a0on\u00a0September\u00a004th, 2024. The company is aiming to raise\u00a0\u20b9\u00a0125.28\u00a0Crores\u00a0at the\u00a0upper band\u00a0through this IPO, with shares set to be listed on the\u00a0BSE SME\u00a0platform.<\/p>\n<p>The\u00a0Issue\u00a0Size\u00a0is\u00a055,68,000\u00a0including\u00a022,29,000\u00a0Fresh Issue\u00a0equity\u00a0shares\u00a0and\u00a033,39,000\u00a0Offer For Sale\u00a0at face value of\u00a0\u20b910\u00a0each.<\/p>\n<p><strong>Equity Share Allocation:<\/strong><strong>\u00a0<\/strong><\/p>\n<ul>\n<li>QIB\u00a0(including\u00a0Anchor Portion)\u00a0\u2013\u00a0Not more than26,31,600\u00a0Equity Shares<\/li>\n<li>High-Net-Worth Individual\u00a0(HNI) \u2013\u00a0Not\u00a0less\u00a0than\u00a07,91,400Equity Shares<\/li>\n<li>Retail Individual Investors (RII) \u2013\u00a0Not\u00a0less\u00a0than\u00a018,45,000Equity Shares<\/li>\n<li>Market Maker \u2013 3,00,000 Equity Shares<\/li>\n<\/ul>\n<p>The net proceeds from the IPO will be utilized to meet Working Capital requirements, and General Corporate Purposes. The bidding for Anchor Portion will open on September 03th, 2024, the Issue will open for subscription for all other categories from September 04th, 2024 and closes on September 06th, 2024.<\/p>\n<p>The\u00a0Book Running\u00a0Lead Manager to the\u00a0Offer\u00a0is\u00a0Beeline Capital Advisors Private Limited.\u00a0The Registrar to the Issue isSkyline Financial Services Private Limited.<\/p>\n<p>Mr.\u00a0Amit Bhatia,\u00a0Chairman &amp;\u00a0Managing Director\u00a0of\u00a0Mach Conferences and Events\u00a0Limited\u00a0expressed,\u00a0\u201cThis IPO represents a pivotal milestone in our journey, laying the foundation for future growth and success. With over two decades of industry experience, Mach Conferences manages events on a global scale.<\/p>\n<p>Given the working capital-intensive nature of our industry, the IPO proceeds will be instrumental in meeting our Working Capital needs, enabling us to bid for larger, high-value events. This will elevate our brand recognition and value, ultimately strengthening our operations and ensuring the long-term sustainability of our company.\u201d<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi [India] August 30: Mach Conferences and Events Limited\u00a0specializes in providing end-to-end event management solutions within the MICE\u00a0industry,\u00a0proposes to open its\u00a0Initial Public Offering (IPO)\u00a0on\u00a0September\u00a004th, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":30640,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[623],"class_list":["post-30639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/30639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/comments?post=30639"}],"version-history":[{"count":0,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/30639\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media\/30640"}],"wp:attachment":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media?parent=30639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/categories?post=30639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/tags?post=30639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}