E Factor Experiences Limited IPO Detail
Incorporated in 2003, E Factor Experiences Limited is an Indian event management company. The company is engaged in providing event experiences, event services, technology-based permanent & semi-permanent multimedia light & sound installations and specialized turnkey event assignments, wedding management, and private and social event solutions.
E Factor Experiences Limited's portfolio of services includes turnkey assignments in the form of Government commissioned Tourism Events and Festivals, techno-cultural light & sound shows, Sporting Events & Contests, Conferences, Mega Ground Concerts, Televised Events, private and social events like wedding and anniversary celebrations etc.
E Factor Experiences Limited offices in Delhi, Noida, Jaipur and Odisha. The company has a team of 32 employees.
E Factor Experiences Limited has managed events like Eco Retreat, Odisha, DotFest, Bhubaneswar, Laser Show & Fireworks at Deepotsav, Kashi Balloon & Boat Race, Baba Saheb - The Grand Musical show on life & teaching of Baba Saheb Ambedkar and many more.
E Factor Experiences Limited entered into a permanent and sustained business with its experiential tourism brand, "Sky Waltz" owned by the Subsidiary company namely E-Factor Adventure Tourism Private Limited. Skywaltz is engaged in the business of managing and operating hot air ballooning and yachting activities in multiple locations in India and has been a government-approved commercial hot air balloon operator for the last 12 years.
The company also has acquired a 46.33% stake in Untamed Leisure and Hospitality Private Limited (formerly known as E Factor Leisure and Hospitality Private Limited) making this company the Associate company, which is engaged in the business of event management and hospitality services and other related activities of leisure and entertainment.
Company Promoters
Jai Thakore, Samit Garg, Aruna Garg and Manika GargIPO Details
IPO Opening Date | Sep 27, 2023 |
IPO Closing Date | Oct 03, 2023 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹71 - 75 per equity share |
Market Lot | 1600 Shares |
Min Order Quantity | 1600 Shares |
Listing At | NSE SME |
Issue Size | ₹25.92 Cr |
Fresh Issue | ₹25.92 Cr |
Offer for Sale | - |
Retail Portion | 35% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | 1.00x | - | - | 2.62x | 0.53x | 1.11x |
Day 2 | 1.00x | - | - | 2.55x | 1.43x | 1.55x |
Day 3 | 7.00x | - | - | 2.99x | 2.71x | 4.00x |
Day 4 | 46.09x | - | - | 168.26x | 47.78x | 73.14x |
IPO Tentative Timetable
The E Factor Experiences Limited IPO open date is Sep 27, 2023, and the close date is Oct 03, 2023. The issue may list on Oct 09, 2023.
IPO Open Date | Sep 27, 2023 |
IPO Close Date | Oct 03, 2023 |
Basis of Allotment Date | Oct 06, 2023 |
Initiation of Refunds | Oct 07, 2023 |
Credit of Shares to Demat Account | Oct 08, 2023 |
IPO Listing Date | Oct 09, 2023 |
IPO Lot Size
The E Factor Experiences Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 1600 | ₹120000 |
Maximum | 1 | 1600 | ₹120000 |
IPO Promoter Holding
Pre Issue Share Holding | 100.00% |
Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-21 | 2581.94 | 990.56 | 123.39 |
31-Mar-22 | 4916.87 | 5700.24 | 255.73 |
31-Mar-23 | 5674.80 | 11945.21 | 761.35 |
Objects of the Issue:
The company intend to utilize the proceeds of the Issue to meet the following objects:
1. Investment in Subsidiary
2. To meet Working Capital requirements
3. Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company
4. General Corporate Purpose
E Factor Experiences Limited IPO Registrar:
Maashitla Securities Pvt. Limited
E Factor Experiences Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
E Factor Experiences Limited
101-A,
Kundan Kutir Hari Nagar Ashram
New Delhi110014, India