Exhicon Events Media Solutions Limited IPO

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i. Exhicon Events Media is engaged in providing a full range of products and services for the Exhibitions, Conferences and Events industry. Their solutions include Media to Integrated Marketing Solutions, Temporary to Permanent Event Infrastructure and Management to Organizing. Over the period they have successfully developed themselves into End to End Services provider for the Exhibition and Event Industry.

ii. The comoany provide turnkey events and trade fairs constructs for small to large graphs B2B and B2C fairs and events. They also help their clients in getting the requisite permissions and licenses for the events. Their clients include various state Governments, domestic associations and international clients. Exhicon also provide services to various domestic trade fair organizers. They have worked for various industries including Hospitality, F&B, Non-Chemical FMCG, International Trading and Healthcare.

iii. Exhicon Events provide in-house infrastructure for large graph events to integrated marketing solutions. Their forte lies in effectively assimilating various project aspects and ensuring operational efficiencies and delivering optimum value for all stake holders. Their exhibitions include B2B, B2C and also hybrid events.

iv. The company also supply large span steel AC structures, octanorm systems, flooring and carpets, modular registration setup, furniture and general lighting, sound light and video, branding & signage’s’ CCTV and hardware setup, huge modular stocks of outdoor and indoor event venue construct spread over 5 cities of India.

v. They also make show bulletins for Distribution of Content, Design and Printing of Bulletins. They also cater to Outdoor, Print, Radio & Digital Media for Trade Fairs And Events, the service.

Competitive Strengths
i. Gamut of Product and Services
ii. Meeting expectation of clients
iii. Awards

Objects of the Exhicon Events Media Solutions Limited IPO:

The proceeds from the issue will be used for the following objects: i. Working capital gap and general corporate expenses. ii. Acquisition of exhibition material. iii. Issue expenses.

Exhicon Events Media Solutions Limited IPO Details:

Open Date: Mar 31 2023
Close Date: Apr 05 2023
Total Shares: 3,300,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Built Issue IPO
Issue Size: 21.12 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 61-64 Per Equity Share
Listing At: BSE SME
Listing Date: Apr 17 2023

Promoters And Management:

Mr. Mohammad Quaim Syed, aged 50 years, is Promoter and Chairman &Managing Director of the Company. He is the Founder of Imamia Chamber of Commerce and Industry, Managing Director of Worldwide Exhibitions Agency Asia LimitedHong Kong and Editor in Chief of Trade Fair Times. He has served as Executive President at Imamia Chamber of Commerce and Industry, Chair of ICCI at Empretec Program of United Nations Conference on Trade Development (UNCTAD), Convener of Maharashtra at Indian Industries Association (IIA) and recently co-founded ‘Exhibition Organisers Council of India. Mr. Syed has been conferred with many awards including Maeeshat Media Awards, Realty Icon awards 2022, Appreciation award for promotion of Entrepreneurship in Imamia Youth community by Imamia Chamber of Community & Industry. Ms. Padma Mishra, aged 45 years is Promoter cum Whole Time Director of the company. She holds a degree in Event Trade fairs and Events expert from the Lucknow University. She has over 20 years of experience in the business collaborations & Joint Ventures, International Exhibitions Organizer, Large Scale Industrial Global Expo. She won the prize for the category “Women Power in MICE” in the Annula Women Power Summit & Awards 2022. Ms. Nisha Quaim Syed, aged 51 years, is an Additional Executive Director of the Company. She holds a degree in Master of Arts from University of Mumbai. She worked as a teacher for five years before joining Team Pinnacle Publication in 2002, where she worked as the editor. It later got rebranded as a TradeFairTimes where she further worked for three years. In 2014, she became a managing partner of Exhicon Impex..

Financials of Exhicon Events Media Solutions Limited IPO:

Particulars (Lakh) 2022 2021 2020
Revenue from Operations 4,635 947 180
Employees Benefit Expenses 98 52 19
Other Expenses 3,910 849 181
EBITDA 627 46 -20
OPM% 13.53% 4.86% -11.11%
Other Income 16 2 0
Depreciation 55 24 27
Finance Cost 9 3 13
PBT 579 21 -60
Tax 150 3 4
Exceptional Items 0 7 0
PAT 429 11 -64
NPM 9.22% 1.16% -35.56%
No. of Shares 118.7 118.7 118.7
EPS 3.61 0.09 -0.54

Comparison With Peers:

There are no comparable listed companies in India engaged in same line of business as our Company, hence comparison with industry peers are not applicable.

Recommendation on Exhicon Events Media Solutions Limited IPO:

Review and Recommendation of Exhicon Events Media Solutions Limited IPO by IZ team is 6/10 1. They are engaged in providing a full range of products and services for the Exhibitions, Conferences and Events industry. The solutions include Media to Integrated Marketing Solutions, Temporary to Permanent Event Infrastructure and Management to Organizing. 2. The company provides the full gamut of products and services for the exhibition, conference, and events industry. They not only hosts the exhibitions but also manages the exhibitions from ‘Concept to Completion’ they provide in-house infrastructure for large graph events to integrated marketing solutions. They manage Entire Event Including Set-up, Advertising & Execution for any Trade expo. 3. The clients include various state Governments, domestic associations and international clients. They also provide services to various domestic trade fair organizers. They have worked for various industries including Hospitality, F&B, Non-Chemical FMCG, International Trading and Healthcare. 4. They also make show bulletins for Distribution of Content, Design and Printing of Bulletins. They also cater to Outdoor, Print, Radio & Digital Media for Trade Fairs And Events, the services of this vertical includes Media Planning, Media buying, Creative Designing and Media releasing for Print, Electronics, Outdoors and Digital Advertising Mediums across cities in the country. 5.  To increase sales they are planning to increase geographical reach of existing exhibitions. They have already established offices in Singapore, London, Shanghai, and Dubai. 6. The revenue has increased from 9.49 Crores in Fy21, to 46 Crores in Fy22 and if we annualised the Fy23, the expected revenue would be ~60 Crores. 7. The EBITDA margins in FY22 were ~13% but in 6MFY23, it has increased to ~23%. Great improvement in the margins. 8. PAT has increased from ~11 Lacs in Fy21, to 4.28 Crores in Fy22 and and if we annualised the Fy23, the expected PAT would be ~8 Crores. 9. EPS based in Fy23 annualised results post IPO = 6.73 and P/E = 9.50, looks reasonable priced in. 10. Mcap= 75 Crores, the ROE = 32%

Lead Manager of Exhicon Events Media Solutions Limited IPO:

  1. Share India Capital Services Private Limited

Registrar of Exhicon Events Media Solutions Limited IPO:

  1. Link Intime India Private Limited

Company Address:

Exhicon Events Media Solutions Limited 103, Crystal Paradise, DS Road, off Veera Desai Road, Andheri (W) Mumbai City - 400053 Phone: +91- 8097538188 Email: cs@exhiconevents.in Websitehttps://exhicongroup.com/

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