Exhicon Events IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Exhicon Events

CMP

296.05

+40.50 (15.85%)

  • DRHP
₹64

Offer Price

₹ 21.12 Cr

Issue Size

₹ 1,28,000

Min Investment

2,000

Lot size

Time Line

  • 31
    Mar 2023
    Open
  • 05
    Apr 2023
    Close
  • 11
    Apr 2023
    Finalisation of Basis of Allotment
  • 12
    Apr 2023
    Initiation of Refunds
  • 13
    Apr 2023
    Transfer of Shares to Demat Account
  • 17
    Apr 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Increase geographical reach of existing exhibitions

  • Launch new in-house exhibitions

  • Entering new vertical by acquisitions and move across the value chain

Products & Services

  • The Company is engaged in providing a full range of products and services for the Exhibitions, Conferences and Events industry.

Strengths

  • Established brand name

  • Strong execution track record

  • High level of competitiveness in a changing marketplace

  • Consistent financial performance and strong balance sheet

  • Experienced management team and a motivated and efficient work force.

Risks

  • There are outstanding legal proceedings and litigations against and by the Company, its Promoters, its Directors and its Subsidiaries. Any adverse outcome in any of these proceedings may adversely affect its profitability and reputation and may have an adverse effect on its results of operations and financial condition.

  • The company has had negative cash & cash equivalent generated during the year in the past based on the Restated Summary Statements of the Company and may, in the future, experience similar negative cash flows.

  • The company has incurred losses in the one financial year out of last three financial years.

  • Certain filings of the Company under the Companies Act could not be filed within the prescribed date of filing due to non-functionality of the MCA portal. Further, these filing may be done post filing of this Draft Red Herring Prospectus.

  • The Company has not complied or delayed in compliances with some statutory provisions of the Companies Act. Such non-compliance and delayed compliance may attract penalties against the company which could impact the financial position of it to that extent.

Company Promoters

Promoters Holding

Issue For IPO
9.55%
Pre Holding

34.36%

Post Holding

24.81%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 9.47 (-) 46.35 (389.40%) 58.84 (27.00%)
Gross Profit 9.47 (-) 46.35 (389.40%) 58.84 (27.00%)
Net Income 9.47 (-) 46.35 (389.40%) 58.84 (27.00%)
Assets 9.47 (-) 46.35 (389.40%) 58.84 (27.00%)
Liabilities 9.47 (-) 46.35 (389.40%) 58.84 (27.00%)

Book Running Managers

  • Share India Capital Services Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

103 Crystal Paradise DS Road,
Off Veera Desai Road Andheri(W,
Mumbai - 400053
Phone : 91-8097538188 Email : cs@exhiconevents.in https://exhicongroup.com

Offer Related Information

Initial public issue of 33,00,000 equity shares of face value of Rs. 10.00 each ("Equity Shares") of the company for cash at a price of Rs. 64 per equity share (including a share premium of Rs. 54 per equity share) ("Issue Price") aggregating up to Rs. 21.12 crores ("Issue / Offer"). This issue includes a reservation of 3,30,000 equity shares aggregating Rs. 2.11 crores for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion is... More

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