E Factor Experiences IPO Details: The scheduled date for E Factor Experiences IPO has been confirmed. The IPO is set to enter the market on September 27th and conclude on October 3rd. The company aims to gather approximately ₹25.92 crores through this IPO. This sum includes a fresh issue of ₹25.92 crores via 3456000 shares, each valued at ₹10. The retail quota is 35%, while QIB is 50% and HNI is 15%.
What is E Factor Experiences IPO?
E Factor Experiences IPO is a public offering of equity shares by E Factor Experiences Limited, an award-winning Indian event management company. The company plans to raise ₹25.92 crores through the IPO. The issue is priced at ₹71 to ₹75 per equity share. The IPO opens on September 27 and closes on October 3, 2023.
The company provides a range of event services, including:
- Event management
- Technology-based permanent & semi-permanent multimedia light & sound installations
- Specialized turnkey event assignments
- Wedding management
- Private and social event solutions
The company has a strong track record of profitability and revenue growth. In FY23, it reported revenue of ₹119.45 crores and profit after tax of ₹11.87 crores.
The IPO proceeds will be used to fund the company’s expansion plans, including:
- Setting up new offices in key cities in India
- Investing in new technologies and equipment
- Acquiring smaller event management companies
The E Factor Experiences IPO is a good opportunity for investors to invest in a growing company with a strong track record. The company has a diversified business model and a wide range of clients. It is also well-positioned to benefit from the growing demand for event management services in India.
Objectives of E Factor Experiences IPO
The objectives of the E Factor Experiences IPO are as follows:
- Investment in subsidiary: The company plans to invest in its subsidiary, E-Factor Media Technologies Pvt. Ltd., which is engaged in the business of providing technology-based solutions for the event management industry.
- To meet working capital requirements: The company plans to use the proceeds of the IPO to meet its working capital requirements, such as funding its day-to-day operations and expanding its business.
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company: The company plans to use the proceeds of the IPO to repay and/or pre-pay certain borrowings that it has availed.
- General corporate purposes: The company plans to use the proceeds of the IPO for general corporate purposes, such as funding its growth and expansion plans.
In short, the E Factor Experiences IPO is aimed at raising funds to support the company’s growth and expansion plans, as well as to improve its financial health.
E Factor Experiences IPO Date & Price Band Details
|IPO Open:||September 27, 2023|
|IPO Close:||October 3, 2023|
|IPO Size:||Approx ₹25.92 Crores, 3,456,000 Equity Shares|
|Face Value:||₹10 Per Equity Share|
|IPO Price Band:||₹71 to ₹75 Per Equity Share|
|IPO Listing on:||NSE SME|
|Retail Quota:||35% of the net offer|
|QIB Quota:||50% of the net offer|
|NII Quota:||15% of the net offer|
|DRHP Draft Prospectus:||Click Here|
E Factor Experiences IPO Market Lot
The E Factor Experiences IPO minimum market lot is 1600 shares with a ₹120,000 application amount.
E Factor Experiences IPO Dates
The E Factor Experiences IPO date is September 27 and the IPO close date is October 3. The IPO allotment date is October 6 and the IPO might list on October 11.
|IPO Open Date:||September 27, 2023|
|IPO Close Date:||October 3, 2023|
|Basis of Allotment:||October 6, 2023|
|Refunds:||October 9, 2023|
|Credit to Demat Account:||October 10, 2023|
|IPO Listing Date:||October 11, 2023|
E Factor Experiences IPO Subscription Status
For the latest update on the E Factor Experiences IPO, you can check this dedicated page for IPO subscription status.
E Factor Experiences IPO Allotment Status
For the latest update on the E Factor Experiences IPO, you can check this dedicated page for IPO allotment status.
E Factor Experiences IPO Forms
For IPO form for the E Factor Experiences IPO, you can check this dedicated page for IPO Forms.
E Factor Experiences Company Financials
According to the E Factor Experiences IPO prospectus, the company’s financials for the past three years are as follows:
|Financial Year||Revenue (₹ crores)||Profit After Tax (₹ crores)|
drive_spreadsheetExport to Sheets
As you can see, the company’s revenue and profit have grown steadily over the past three years. This is a good sign for investors, as it suggests that the company is well-managed and has a strong business model.
The company’s financials also show that it is profitable and has a healthy balance sheet. The company’s debt-to-equity ratio is 0.45, which is below the industry average. This suggests that the company is not excessively leveraged and has the financial capacity to support its growth plans.
Overall, the E Factor Experiences Company financials are positive and suggest that the company is a good investment opportunity.
Note: The company’s financial statements for the financial year 2022-23 are still under audit. The above financials are based on the company’s unaudited financial statements.
E Factor Experiences IPO Pros & Cons
Here is a table of the pros and cons of the E Factor Experiences IPO:
|Strong track record of profitability and revenue growth||Small company with limited market share|
|Experienced management team||Diversified business model|
|Well-positioned to benefit from the growing demand for event management services in India||IPO proceeds may not be sufficient to fund all of the company’s growth plans|
|Reasonable valuation||Competitive landscape|
Overall, the E Factor Experiences IPO is a good opportunity for investors to invest in a growing company with a strong track record. However, investors should be aware of the risks associated with investing in a small company, such as limited market share and competitive landscape.
Additional factors to consider:
- The company’s IPO is priced at ₹71 to ₹75 per equity share, which is at the higher end of the price band. This suggests that the company is confident in its prospects and is looking for a premium valuation. However, investors should be aware that a higher valuation also means higher risk.
- The company’s IPO is opening during a volatile market environment. This could make it difficult for the company to raise the full amount of money that it is targeting.
- The company’s IPO is being subscribed by a mix of institutional and retail investors. This suggests that there is a good demand for the company’s shares from both types of investors.
Investors should carefully consider all of the factors above before making an investment decision.
- Jai Thakore
- Samit Garg
- Aruna Garg
- Manika Garg
E Factor Experiences IPO Registrar
Maashitla Securities Private Limited
E Factor Experiences Limited
101-A, Kundan Kutir Hari Nagar Ashram
New Delhi110014, India
E Factor Experiences IPO FAQs
The IPO is set to enter the market on September 27th and conclude on October 3rd. The company aims to gather approximately ₹25.92 crores through this IPO.
The IPO will open on 27th September 2023.
There are two ways to apply for the E Factor Experiences IPO:
1. Through your bank
Most banks in India offer ASBA (Application Supported by Blocked Amount) facility, which allows you to apply for IPOs online using your bank account. To apply for the E Factor Experiences IPO through your bank, follow these steps:
Log in to your net banking account.
Go to the ‘ASBA’ section.
Select the ‘E Factor Experiences IPO’ from the list of available IPOs.
Enter the number of shares you want to apply for and the price you are willing to pay.
Block the required amount in your bank account.
Submit the application.
2. Through your broker
If you have a demat account with a stockbroker, you can also apply for the E Factor Experiences IPO through your broker. To do this, you will need to fill out an IPO application form and submit it to your broker. Your broker will then submit the application to the stock exchange on your behalf.
Note: The minimum lot size for the E Factor Experiences IPO is 1,600 shares. This means that you must apply for at least 1,600 shares. The price of each share is between ₹71 and ₹75.
Here are some additional tips for applying for IPOs:
Apply for IPOs as early as possible. IPOs are often oversubscribed, which means that there are more applications than shares available. If you apply early, you are more likely to get an allotment of shares.
Be sure to block the required amount in your bank account before applying for the IPO. If you do not have enough funds in your account, your application will be rejected.
Check the IPO status regularly. The IPO status will tell you whether your application has been accepted, rejected, or partially allotted.
E Factor Experiences IPO size is ₹25.92 crores.
E Factor Experiences IPO Price Band is ₹71 to ₹75 per equity share.
The IPO bid is 1600 shares with ₹120,000.
E Factor Experiences IPO allotment date is October 6, 2023.