Mach Conferences and Events Limited IPO GMP, Grey Market Premium / Grey Market Price: Once again big news is coming for share market investors. Let us tell you that the IPO of MAC Conference and Events Limited is going to open for subscription on 4th September. Know full details about Mach Conferences and Events Limited IPO GMP in this article..
Table of Contents
Mach Conferences and Events Limited IPO Equity Share Allocation
- QIB (including Anchor Portion) – Not more than26,31,600 Equity Shares
- High-Net-Worth Individual (HNI) – Not less than 7,91,400 Equity Shares
- Retail Individual Investors (RII) – Not less than 18,45,000 Equity Shares
- Market Maker – 3,00,000 Equity Shares
Bajaj Housing Finance Limited IPO GMP, Grey Market Price, Size
Mach Conferences and Events Limited IPO Schedule
Mach Conferences and Events Limited intends to raise Rs 125.28 crore through IPO. According to the information received, the price band of Rs 214-225 has been fixed for the issue. Investors will have the opportunity to invest in it till September 6.
The shares of Mach Conferences and Events Limited will be listed on the BSE SME platform. This IPO includes fresh issue as well as offer for sale (OFS). This issue of anchor investors will open for one day on 3rd September.
Mach Conferences And Events IPO Details
According to the information given by the company, a total of 55.68 lakh equity shares will be sold under this IPO of MAC Conferences and Events. In this, 22.29 lakh fresh equity shares worth Rs 50.15 crore will be issued. Apart from this, 33.39 lakh shares worth Rs 75.13 crore will be sold through Offer for Sale (OFS).
The allotment of shares is expected to take place on September 9. At the same time, the probable date for listing of the company’s shares is September 11. The book running lead manager of the offer is Beeline Capital Advisors Pvt. Ltd. The registrar to the issue is Skyline Financial Services Pvt. Ltd.
Mach Conferences and Events Limited IPO GMP / Grey Market Premium / Grey Market Price
If we talk about the gray market price of Mach Conferences and Events Limited’s IPO, then the GMP of Mach Conferences IPO is getting strong response in the gray market.
As on September 1, the issue is trading at a premium of Rs 200. According to this, the company’s shares are likely to be listed at a price of Rs 425. If this happens then investors will get a huge profit of about 89 percent.
Jeyyam Global Foods Limited IPO GMP, Lot Size And Other Details
Mach Conferences and Events Limited Company Details
Additionally the company provides end-to-end services for corporate meetings, conferences, trade shows and other functions. Most of Mach’s clients are in the banking, finance and insurance sectors. Additionally, the company has vast experience in working with clients across multiple industries such as hospitality, infrastructure, FMCG and others.