
Emerging SME Services · NSE
Incorporated in 2003, E Factor Experiences Limited is an Indian event management company offering event experiences, event services, turnkey projects, permanent and semi-permanent multimedia light and sound installations, wedding & private event solutions, and technology-based experiential setups. The company handles government tourism festivals, concerts, televised events, sporting events, and large celebrations with offices in Delhi, Noida, Jaipur, and Odisha and a team of 32 employees. Popular events handled include Eco Retreat Odisha, DotFest Bhubaneswar, Laser Show at Deepotsav, Kashi Balloon & Boat Race, and “Baba Saheb” the grand musical. Through its subsidiary “Sky Waltz”, the company also operates hot air balloon and yachting tourism activities across India, approved as a commercial balloon operator for 12+ years. It further holds a 46.33% stake in Untamed Leisure and Hospitality Private Limited, strengthening its presence in leisure, entertainment, and hospitality services.
Price Band
₹71 – ₹75
Issue Size
₹25.92 Cr
Lot Size
1600 shares
GMP
+73.3%
Est. Listing
₹130
at current GMP
Subscribed
73.21x
overall
Open
27 Sep 2023
Close
3 Oct 2023
Allotment
5 Oct 2023
Refund
6 Oct 2023
Demat Credit
7 Oct 2023
Listing
9 Oct 2023
Overall Subscription
73.21x
Total Demand
QIB Multiplier
46.09x
Institutions & Funds
NII / HNI
168.61x
High Net-Worth
Retail (RII)
47.78x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 656,000 | 30,233,600 | 46.09x |
| NIB | 492,800 | 83,091,200 | 168.61x |
| RETAIL | 1,148,800 | 54,884,800 | 47.78x |
| Total | 2,297,600 | 168,209,600 | 73.21x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 756 | 36,122 | 47.78x |
| HNIs (10L +) | 5 | 843 | 168.61x |
| HNIs (2-10L) | 23 | 3,878 | 168.61x |
| Total Applications | 784 | 40,843 | 52.10x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
E Factor Experiences Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹25.92 Crores. The shares are offered at a price band of ₹71 to ₹75 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,20,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Maashitla Securities Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-10-07, while un-allotted funds or UPI block mandates will be released on 2023-10-06.
The latest Grey Market Premium (GMP) for E Factor Experiences Limited IPO is ₹55 per equity share. Based on the upper price band of ₹71 to ₹75 per equity share, the estimated listing price is ₹130 (+73.3% expected listing gain).
With a lot size of 1600 shares and current GMP of ₹55, the expected profit per application lot is approx ₹88,000 (+73.3% gain). Minimum application cost is approx ₹1,20,000.
The E Factor Experiences Limited IPO aggregate issue size is ₹25.92 Crores with an equity price band set at ₹71 to ₹75 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,20,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 73.21x (Retail: 47.78x, QIB: 46.09x, NII: 168.61x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Maashitla Securities Private Limited) and the BSE status verification website on or around 2023-10-05. Investors can verify status using PAN card or application number.
E Factor Experiences Limited shares are scheduled to list on NSE on 2023-10-09.