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News Details

29/08/2024 16:50

Mach Confer & Event announces launch of initial public offering

Mach Conferences & Events Ltd. has announced public offering of 5568000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 215.00 per share. The gross proceeds of the issue are expected to be Rs 12,528.00 lakhs.

The company's initial public offer (IPO) will open on 04 September 2024 and is expected to close on 06 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 214.00-225.00 per share.

The IPO includes a fresh Issue of 5568000 Equity Shares of the Company at an price of Rs 225.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 600 shares with bids in multiples of 600.

Mach Conferences & Events Ltd. anticipates using the proceeds of the issue for .

Beeline Capital Advisors Pvt. Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.