About Company
The company belongs to India’s event and exhibition industry, valued at $3,674.95 million in 2022. It offers a full range of products and services for exhibitions, conferences, and events, primarily to B2B clients, with a high margin.
It offers an infrastructure for conducting media-integrated B2b, B2C, and hybrid events. The company’s clientele includes various state governments and clients from multiple domestic and international organizations. It has catered to hospitality, F&B, Non-chemical FMCG, International Trading, and Healthcare industries.
Exhicon Events Media Solutions specializes in organizing Trade Fairs.
Exhicon Events Media Solutions IPO opens for bidding on March 31, 2023. The total size of the IPO is Rs. 21.12 crore from 3,300,000 equity shares. The price band is fixed at Rs. 61-64 per share.
| Bidding Dates 31 Mar ’23 – 05 Apr ’23 | Price Range ₹61-₹64 |
| Minimum Investment ₹128,000 / 1 Lots ( 2000 Shares ) | Maximum Investment ₹128,000 / 1 Lots ( 2000 Shares ) |
| Investor category and sub category Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors | Issue Size ₹21.12 Cr |
IPO Dates
Important dates with respect to IPO allotment and listing
| IPO Opening Date Mar 31, 2023 | IPO Closing Date Apr 5, 2023 |
| Basis of Allotment Apr 11, 2023 | Initiation of Refunds Apr 12, 2023 |
| Credit of Shares to Demat Account Apr 13, 2023 | IPO Listing Date Apr 17, 2023 |
IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Mar 31, 2023 | 0.21 | 1.07 | 0.59 | 0.53 |
| Day 2 Apr 3, 2023 | 0.21 | 1.29 | 0.72 | 0.63 |
| Day 3 Apr 5, 2023 | 1.00 | 3.28 | 2.31 | 1.95 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 1.00 |
| Non-Institutional Buyers | 3.28 |
| Retail Investors | 2.31 |
| Employees | [.] |
| Other | [.] |
| Total | 1.95 |
Exhicon Events Media Solutions Ltd. IPO Objective
- Meeting working capital gap and general corporate expenses.
- To meet acquisition expenses of exhibition materials.
- Cover issue expenses.
Should you invest in Exhicon Events Media Solutions Ltd.?
These are the top reasons to consider investing in Exhicon Events Media Solutions Ltd.
- Advantages of working in a niche industry with a higher entry barrier.
- The company is a fast-mover in the segment.
- The company won several awards, including the Prestigious Top 500 Brands in Asia Awards in 2019.
Exhicon Events Media Solutions Ltd. Noteworthy highlights
- It has expansion plans in Singapore, London, Shanghai, and Dubai international markets.
- The Indian exhibition market is expected to grow at 12.43% CAGR from 2022 to 2027, meaning Exhicon Events Media Solutions will gain when the market expands.
Know before investing
Strengths
- The company offers clients media-integrated event and exhibition services, including in-house infrastructure and marketing solutions.
- With the growing economy and consumer market expansion, there will be a significant rise in demand in the Indian event market.
- The offer is reasonably priced and may bring good returns post-listing
Risks
- The industry is highly competitive based on the quality of service, design, pricing, etc.
- The industry faces challenges from unorganized players who will charge lower fees.
- Legal litigations are pending against the company’s promoters, and the outcome of these cases may impact future profitability.
Please Click Here To Apply For Exhicon Events Media Solutions IPO
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