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E Factor Experiences Limited IPO Detail

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 Garg

IPO Details

IPO Opening DateSep 27, 2023
IPO Closing DateOct 03, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹71 - 75 per equity share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtNSE 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 DateSep 27, 2023
IPO Close DateOct 03, 2023
Basis of Allotment DateOct 06, 2023
Initiation of RefundsOct 07, 2023
Credit of Shares to Demat AccountOct 08, 2023
IPO Listing DateOct 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum11600₹120000
Maximum11600₹120000

IPO Promoter Holding

Pre Issue Share Holding100.00%
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