Mach Conferences and Events Limited IPO
Mach Conferences and Events Limited operates within the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector, offering a comprehensive suite of event management services. The company’s expertise spans across:
1. Conference Management
2. Exhibition Management
3. Global Event Planning
The company’s services are tailored to meet the specific needs of corporate clients, from small-scale corporate events to large, global gatherings. The company excels in managing all logistical aspects of events, including venue selection, accommodation arrangements, transportation logistics, local activities, and on-site coordination. The company’s team of MICE and Events professionals is dedicated to ensuring attention to detail, budget control, and creative solutions, helping clients discover new venues and innovative ways to impress their attendees.
Market and Clientele
The company’s operations are primarily within the MICE industry, where it provides end-to-end event management solutions. The company has developed a reputation for creating tailored experiences that meet clients’ objectives, from conceptualization to execution. Mach Conferences and Events Limited primarily serves clients from the Banking, Finance, and Insurance sectors, but it has also successfully managed events for clients in the Hospitality, Infrastructure, FMCG, and other industries.
During the fiscal year 2023-24, the company successfully completed 90 events in various locations, including London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, Singapore, and others. The average revenue generated per event in FY 2023-24 was ₹263.62 lakhs, highlighting the company’s capability to manage large-scale events.
Future Expansion and Strategic Initiatives
Looking ahead, Mach Conferences and Events Limited plans to expand its services into the B2C segment by launching a travel portal, “BookMyYatra.com.” This strategic move aims to leverage the company’s existing customer base and industry insights to capture a broader market. Furthermore, the company is exploring opportunities to diversify into Religious Tourism, recognizing the blend of spirituality, economic opportunity, and cultural significance that makes this sector both a prudent business decision and a meaningful contribution to India’s tourism landscape.
The company currently has a locational presence through co-working spaces in over 18 states and union territories across India, including Delhi, Maharashtra, Kolkata, Assam, Tamil Nadu, Jammu & Kashmir, Himachal Pradesh, Goa, and Rajasthan. All execution work is managed from the corporate office located at C-127, 2nd Floor, Sector 2, Gautam Buddha Nagar, Noida, Uttar Pradesh, India, 201301.
Comprehensive Service Portfolio
Mach Conferences and Events Limited offers a wide range of services, ensuring that every aspect of event management is covered. These services include:
i. Events & Conference Management: Professional management of events, including venue selection, agenda creation, speaker coordination, and attendee management.
ii. Destination Management: Handling all logistical aspects of events at specific destinations, including local activities and on-site coordination.
iii. Hotel/Venue Bookings: Facilitating hotel and venue bookings through established relationships with major hotels, providing additional privileges to clients.
iv. Ticket & Visa Arrangements: Managing ticket bookings, visa paperwork, and embassy visits.
v. Airline Ticket Booking: Offering personalized assistance for airline ticket bookings, including itinerary planning and group bookings.
vi. Logistics Management: Coordinating transportation, team logistics, and equipment handling to ensure efficient event execution.
vii. Foreign Exchange Services: Providing currency exchange services for clients’ convenience.
Conclusion
Mach Conferences and Events Limited has established itself as a leader in the MICE industry, with a robust portfolio of services and a strong track record of successful event management. The company’s commitment to quality, customer satisfaction, and continuous innovation positions it well for future growth. As the company expands into the B2C segment and explores new opportunities in Religious Tourism, it is poised to further strengthen its market presence and deliver exceptional value to its clients across diverse sectors.
Objects of the Mach Conferences and Events Limited IPO:
Mach Conferences and Events Limited IPO Details:
Open Date: | Sep 04 2024 |
Close Date: | Sep 06 2024 |
Total Shares: | 5,568,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 125.28 Cr. |
Lot Size: | 600 Shares |
Issue Price: | ₹ 214 - 225 Per Equity Share |
Listing At: | BSE SME |
Listing Date: | Sep 11 2024 |
Promoters And Management:
Financials of Mach Conferences and Events Limited IPO:
Particulars ( In Lakhs ) |
2022 |
2023 |
2024 |
Revenue from Operations | 2,314 | 14,129 | 23,726 |
Other Income | 70 | 65 | 173 |
Total Revenue | 2,384 | 14,194 | 23,899 |
Employees Benefit Expenses | 404 | 643 | 800 |
Other Expenses | 2,133 | 12,403 | 19,458 |
EBITDA | -153 | 1,148 | 3,641 |
OPM (%) | -6.43% | 8.09% | 15.24% |
Depreciation & Amortisation | 26 | 18 | 39 |
EBIT | -179 | 1,130 | 3,602 |
Finance Cost | 31 | 61 | 117 |
PBT | -209 | 1,069 | 3,509 |
Tax | 52 | 188 | 891 |
PAT | -261 | 881 | 2618 |
NPM (%) | -10.93% | 6.21% | 10.96% |
No.of Shares | 210.37 | 210.37 | 210.37 |
EPS | -1.23 | 4.18 | 12.44 |
Comparison With Peers:
Name of the Company | Revenue (In Crore) | PAT (In Crore) | EPS ( in Rs) | P/E | CMP | Mcap (In Crore) |
Mach Conferences and Events Limited | 237 | 26 | 12.44 | 18.1 | 225 | 473 |
Exhicon Events Media Solutions Ltd | 88 | 14 | 10.09 | 27.5 | 277 | 359 |
Touchwood Entertainment Limited | 33 | 3 | 2.93 | 47.3 | 162 | 179 |
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Looking very good.