
Services · BSE
Founded in 2004, Mach Conferences and Events Limited provides end-to-end customized services for the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector, specializing in conference and exhibition management as well as global event planning. The company oversees complete logistics—including venue selection, accommodation, transportation, local activities, and on-site coordination—and primarily serves clients in the banking, finance, and insurance sectors, while also catering to industries such as hospitality, infrastructure, and FMCG. In FY 2023–24, Mach Conferences and Events Limited successfully managed 90 events across international and domestic locations including London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, and Singapore, achieving an average revenue of ₹263.62 lakhs per event. As of March 31, 2024, the company employed 55 people.
Price Band
₹214 – ₹225
Issue Size
₹125 Cr
Lot Size
600 shares
GMP
+64.4%
Est. Listing
₹370
at current GMP
Subscribed
196.78x
overall
Open
4 Sep 2024
Close
6 Sep 2024
Allotment
9 Sep 2024
Refund
10 Sep 2024
Demat Credit
11 Sep 2024
Listing
11 Sep 2024
Overall Subscription
196.78x
Total Demand
QIB Multiplier
146.66x
Institutions & Funds
NII / HNI
404.07x
High Net-Worth
Retail (RII)
136.49x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,053,600 | 154,521,600 | 146.66x |
| NIB | 791,400 | 319,780,200 | 404.07x |
| RETAIL | 1,845,000 | 251,818,200 | 136.49x |
| Total | 3,690,000 | 726,120,000 | 196.78x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 3,248 | 443,320 | 136.49x |
| HNIs (10L +) | 21 | 8,485 | 404.07x |
| HNIs (2-10L) | 99 | 40,003 | 404.07x |
| Total Applications | 3,368 | 491,808 | 146.02x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Mach Conferences and Events Limited is bringing an initial public offering (IPO) in the Services sector with an aggregate issue size of ₹125.28 Crores. The shares are offered at a price band of ₹214 to ₹225 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-09-06, the basis of allotment is scheduled to be finalized on 2024-09-09. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Skyline Financial Services Private Limited) or the BSE allotment checking window.
The latest Grey Market Premium (GMP) for Mach Conferences and Events Limited IPO is ₹145 per equity share. Based on the upper price band of ₹214 to ₹225 per equity share, the estimated listing price is ₹370 (+64.4% expected listing gain).
With a lot size of 600 shares and current GMP of ₹145, the expected profit per application lot is approx ₹87,000 (+64.4% gain). Minimum application cost is approx ₹1,35,000.
The Mach Conferences and Events Limited IPO aggregate issue size is ₹125.28 Crores with an equity price band set at ₹214 to ₹225 per equity share. The retail lot size is 600 shares requiring a minimum capital outlay of approx. ₹1,35,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 196.78x (Retail: 136.49x, QIB: 146.66x, NII: 404.07x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Limited) and the BSE status verification website on or around 2024-09-09. Investors can verify status using PAN card or application number.
Mach Conferences and Events Limited shares are scheduled to list on BSE on 2024-09-11.