Mach Conferences and Events Limited IPO

Apply 0
Avoid 0

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:

The Net Proceeds from the Fresh Issue will be utilized towards the following objects: i. To Meet Working Capital Requirements ii. General Corporate Purpose Total number of share issue :- i. Fresh issue is 2,229,000 shares, ii. Offer for sale is 3,339,000 shares.

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:

Amit Bhatia aged 50 years is Promoter cum Chairman & Managing Director of the Company. He has completed his Schooling from CBSE. He is having an experience of more than 20 years in the MICE Industry. He is responsible to control and oversee all business operations, people and ventures. Laveena Bhatia aged 49 years is Promoter cum Whole Time Director of the Company. She has completed her Graduation in Bachelor of Arts from University of Delhi in the year 1995. She is having an experience of more than 20 years in the MICE Industry. She has been Awarded as Women Leader in the MICE Industry by India Travel Awards North 2023. She is in-charge for planning, organising, and directing the operations of the company. Further, she assumes direct responsibility for strategic planning, nurturing, and building key relationships and a sustainable growth-oriented organization that maximizes value for all its stakeholders. Bhavya Srivastava, aged 45 years, is Independent Director of the Company. He is a Postgraduate in Political Science, Post Graduate Diploma in Electronic Media and Film Production. He is having an experience of more than 11 years in the Broadcast and Digital Media Industry.

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
* All the data is as per FY24.

Recommendation on Mach Conferences and Events Limited IPO:

1. Mach Conferences and Events Limited offer a comprehensive suite of services tailored to the MICE and Events industry, including: i. Events & Conference Management                   ii. Destination Management iii. Hotel/Venue Bookings                                      iv. Ticket & Visa Arrangements v. Logistics                                                               vi. Foreign Exchange Services 2. Market Presence and Clientele Their expertise spans from small corporate events to large global conferences, with a clientele that includes major players in the Banking, Finance, and Insurance sectors, as well as industries like Hospitality, Infrastructure, and FMCG. In the fiscal year 2023-24, they successfully completed 90 events in diverse locations such as London, Paris, Singapore, and various cities across India. 3. Strategic Expansion and Future Plans They are expanding into the B2C segment with the launch of their travel portal, "BookMyYatra.com," and are planning to diversify into Religious Tourism, tapping into its spiritual and economic potential. Their company operates through co-working spaces in over 18 states and union territories across India, with their corporate office based in Noida, Uttar Pradesh. 4. SWOT Analysis Strengths: i. Experienced promoters                                      ii. A qualified team iii. A strong track record. Weaknesses: i. Limited funds                                                       ii. A shortage of experienced professionals. Opportunities: i. Technological advancements                           ii. Global expansion iii. Partnerships with airlines and hotels. Threats: i. Increasing competition                                      ii. economic downturns iii. low entry barriers. 5. Competitive Landscape The MICE industry is highly competitive, with challenges posed by both domestic and international players, as well as emerging trends like virtual and hybrid events. 6. The Revenue has Increased from Rs.23 Crores in FY22 to Rs.237 Crores in FY24. 7. The EBITDA has Increased from (-1.5) Crore in FY22 to 36 Crores in FY24. 8. The PAT has Increased from (-2.6) Crores in FY22 to 26 Crores in FY24. 9. As per FY24, CFO/EBITDA is 0.98, and EPS is 12.44, 10. Market Capitalization is 473 Crores and P/E is 18.1x based on FY24.

Lead Manager of Mach Conferences and Events Limited IPO:

  1. Beeline Broking Limited

Registrar of Mach Conferences and Events Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

Mach Conferences and Events Limited Office No-4, 2nd/Floor, Master Space, Plot No-27, Kh/Mustatil No.-154, Killa No-19/2, Uggarsain Park Najafgarh Street No 2, Najafgarh, NewDelhi 110043 Phone: +91 120 4747000 Email: compliance@machconferences.com Website: http://www.machconferences.com/

Discussion on Mach Conferences and Events Limited IPO:

1 Comment

Leave a Reply