Listing Details
- Listing Exchange NSE SME
- Listing Date 09-Oct-23
- IPO Price Range ₹ 71 to ₹ 75
- Listing Price ₹ 115
- Listing Change 53.3%
- Last Traded Price ₹ 151.5
- Current Change 102.0%
E Factor Experiences IPO Details
- Open Date 27-Sep-23
- Close Date 03-Oct-23
- Lot Size 1600
- IPO Size ₹ 25.92 Cr
- IPO Price Range ₹ 71 to ₹ 75
- Min Investment ₹ 113600
- Listing Exchange NSE SME
- Basis of Allotment 06-Oct-23
- Refunds 09-Oct-23
- Credit to Demat Account 10-Oct-23
- Listing Date 11-Oct-23
E Factor Experiences IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 27-Sep-23 | 1.00 | 2.62 | 0.54 | 1.12 |
| 28-Sep-23 | 1.00 | 2.55 | 1.43 | 1.55 |
| 29-Sep-23 | 7.00 | 2.99 | 2.72 | 4.00 |
| 03-Oct-23 | 46.09 | 168.26 | 47.78 | 73.14 |
E Factor Experiences IPO Synopsis
E Factor Experiences Limited IPO is all set to open from 27th September to 3rd October 2023. The company is involved in the business of event management. The IPO includes a fresh issue of 3,456,000 shares worth ₹25.92 cr. The share allotment date is 6th October, and the IPO will be listed on 11th October, on the stock exchanges. The price band is ₹71 to ₹75 per share and the lot size is 1600 shares.
Hem Securities Limited is the book-running lead manager for this IPO, while Maashitla Securities Private Limited is the registrar.
Objectives of the E Factor Experiences IPO
E Factor Experiences plans to utilize the raised capital from the IPO to:
● To pre-pay or repay full or partial borrowings obtained.
● To invest in the subsidiary.
● For working capital requirements.
● General corporate purpose.
About E Factor Experiences
Established in 2003, E Factor Experiences is involved in the business of event management. The company specializes in offerings related to event experiences, event services, technology-driven multimedia light and sound installations for both temporary and permanent setups, and specialized turnkey event assignments. The company has offices in Delhi, Noida, Jaipur, and Odisha, with a dedicated team of 32 employees.
E Factor Experiences has a track record of handling diverse events such as Government Tourism Initiatives and Festivals, techno-cultural light & sound shows, Sporting Events and Contests, Conferences, Mega Ground Concerts, Televised Events, private and social events like wedding and anniversary celebrations, etc. The company’s impressive event portfolio includes successfully executed projects like Eco Retreat in Odisha, DotFest in Bhubaneswar, Laser Shows & Fireworks at Deepotsav, Kashi Balloon and Boat Race, and Baba Saheb - The Grand Musical Show on life & teaching of Baba Saheb Ambedkar among numerous others.
E Factor Experiences has expanded its horizons through its subsidiary company, E-Factor Adventure Tourism Private Limited, which owns the experiential tourism brand "Sky Waltz." Sky Waltz specializes in managing and operating hot air ballooning and yachting activities at multiple locations across India and has a remarkable 12-year track record as a government-approved commercial hot air balloon operator.
In addition, E Factor Experiences has also acquired a substantial 46.33% stake in Untamed Leisure and Hospitality Private Limited (formerly known as E Factor Leisure and Hospitality Private Limited), making it an associate company. Untamed Leisure and Hospitality is actively involved in event management, hospitality services, and various leisure and entertainment-related activities.
Peer Comparison
● Touchwood Entertainment Limited
E Factor Experiences Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 119.26 | 56.62 | 6.22 |
| EBITDA | 11.99 | 4.21 | -1.15 |
| PAT | 7.61 | 2.53 | 1.23 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 56.75 | 49.17 | 25.82 |
| Share Capital | 9.63 | 3.44 | 3.44 |
| Total Borrowings | 45.73 | 45.67 | 24.85 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 1.77 | 7.21 | -2.06 |
| Net cash from / (used in) investing activities | -3.02 | -0.043 | 3.80 |
| Net cash flow from / (used in) financing activities | 2.22 | -1.39 | -2.65 |
| Net increase (decrease) in cash and cash equivalents | 0.97 | 5.78 | -0.91 |
E Factor Experiences IPO Key Points
-
Strengths
1. The company provides a one-stop solution to all event needs.
2. It has an established track record.
3. It also has a strong relationship with hospitality & event partners and local City /State government bodies.
4. Experienced promoters and management team.
5. The company has won many awards over its operating history.
-
Risks
1. Exposed to claims from inadequate performance and defects that may affect the events managed by the company.
2. The business is subject to occasional/ seasonal fluctuations.
3. Dependent on government authorities for a significant portion of the business and revenue from operation.
4. Operates in limited geographies.
5. The subsidiary company has incurred losses in the past and has also seen a decrease in revenue from operations.
6. Higher working capital requirements.
7. Lenders have charge over immovable and movable properties in respect of finance availed.
8. Negative cash flows in the past.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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E Factor Experiences IPO FAQs
What is the minimum lot size and investment required for the E Factor Experiences IPO?
The minimum lot size of E Factor Experiences IPO is 1600 shares and the investment required is ₹1,13,600.
What is the price band of E Factor Experiences IPO?
The price for E Factor Experiences IPO is ₹71 to ₹75 per share.
When does the E Factor Experiences IPO opens and closes?
E Factor Experiences IPO opens from 27th September to 3rd October 2023.
What is the size of the E Factor Experiences IPO?
The size of E Factor Experiences IPO is ₹25.92 cr.
What is the allotment date of the E Factor Experiences IPO?
The share allotment date of E Factor Experiences IPO is 6th October 2023.
What is the E Factor Experiences IPO listing date?
The E Factor Experiences IPO will be listed on 11th October 2023.
Who are the book runners for the E Factor Experiences IPO?
Hem Securities Limited is the book-running lead manager for E Factor Experiences IPO.
What is the objective of the E Factor Experiences IPO?
E Factor Experiences plans to utilize the raised capital from the IPO to:
1. To pre-pay or repay full or partial borrowings obtained.
2. To invest in the subsidiary.
3. For working capital requirements.
4. General corporate purpose.
How to apply for the E Factor Experiences IPO?
To apply for E Factor Experiences IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the E Factor Experiences IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of E Factor Experiences IPO
Contact Information
E Factor Experiences Limited
101-A,
Kundan Kutir Hari Nagar Ashram,
New Delhi - 110014, India
Phone: +91-120-3100184
Email: cs@efactorexp.com
Website: http://www.efactor4u.com/
E Factor Experiences IPO Register
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
E Factor Experiences IPO Lead Manager
Hem Securities Limited