Mach Conferences & Events Ltd - IPO

Mach Conferences & Events Ltd IPO Details

Initial public offer of 55,68,000 equity shares of face value of Rs. 10/- each of Mach Conferences and Events Limited (MCEL or the Company or the Offeror) for cash at a price of Rs. 225/- per equity share including a share premium of Rs. 215/- per equity share (the Offer Price) aggregating to Rs. 125.28 crores (The Offer) comprising of a fresh issue of 22,29,000 equity shares aggregating to Rs. 50.15 crores (the Fresh Issue) and an offer for sale of 33,39,000 equity shares by promoter selling shareholder - Amit Bhatia and Laveena Bhatia aggregating to Rs. 75.13 crores (Offer for Sale), of which 3,00,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 225/- per equity share including a share premium of Rs. 215/- per equity share aggregating to Rs. 6.75 crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. net offer of 52,68,000 equity shares of face value of Rs. 10/- each at a price of Rs. 225/- per equity share including a share premium of Rs. 215/- per equity share aggregating to Rs. 118.53 crores is herein after referred to as the Net Offer. The offer and the net offer will constitute 26.47% and 25.04%, respectively, of the post offer paid up equity share capital of the company.

Objective of issue

To meet working capital requirements. General corporate purposes.

Mach Conferences & Events Ltd Contact Details

Mach Conferences & Events Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - compliance@machconferences.com

Website - www.machconferences.com