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Exhicon Events IPO is a book built issue of Rs 21.12 crores. The issue is entirely a fresh issue of 33 lakh shares.
Exhicon Events IPO bidding started from March 31, 2023 and ended on April 5, 2023. The allotment for Exhicon Events IPO was finalized on Tuesday, April 11, 2023. The shares got listed on BSE SME on April 17, 2023.
Exhicon Events IPO price band is set at ₹61 to ₹64 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹256,000.
Share India Capital Services Private Limited is the book running lead manager of the Exhicon Events IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Exhicon Events IPO is Share India Securities.
Refer to Exhicon Events IPO RHP for detailed information.
| IPO Date | March 31, 2023 to April 5, 2023 |
| Listing Date | April 17, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹61 to ₹64 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,300,000 shares (aggregating up to ₹21.12 Cr) |
| Fresh Issue | 3,300,000 shares (aggregating up to ₹21.12 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 330,000 shares Share India Securities |
Exhicon Events IPO offers 3,630,000 shares. 1,484,000 (40.88%) to QIB, 776,000 (21.38%) to NII, 1,040,000 (28.65%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 330,000 (9.09%) |
| QIB Shares Offered | 1,484,000 (40.88%) |
| NII (HNI) Shares Offered | 776,000 (21.38%) |
| Retail Shares Offered | 1,040,000 (28.65%) |
| Total Shares Offered | 3,630,000 (100%) |
Exhicon Events IPO opens on March 31, 2023, and closes on April 5, 2023.
| IPO Open Date | Friday, March 31, 2023 |
| IPO Close Date | Wednesday, April 5, 2023 |
| Basis of Allotment | Tuesday, April 11, 2023 |
| Initiation of Refunds | Wednesday, April 12, 2023 |
| Credit of Shares to Demat | Thursday, April 13, 2023 |
| Listing Date | Monday, April 17, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 5, 2023 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹128,000 |
| Retail (Max) | 1 | 2000 | ₹128,000 |
| HNI (Min) | 2 | 4,000 | ₹256,000 |
| Lot Size Calculator | |||
Mr. Mohammad Quaim Syed and Ms. Padma Mishra are the company promoters.
| Share Holding Pre Issue | 86.20% |
| Share Holding Post Issue | 62.25% |
Incorporated in 1997, Exhicon Events Media Solutions Limited provides products and services for the exhibition, conferences, and events industry.
The company offers media to integrated marketing solutions, event infrastructure, and management to organizing solutions to B2B and B2C fairs and events.
Exhicon also supplies steel AC structures, octanorm systems, flooring and carpets, modular registration setup, furniture and general lighting, sound light and video, branding & signage's' CCTV and hardware setup, modular stocks of outdoor and indoor event venue construct spread over 5 cities of India.
The company has following subsidiaries:
Copo Digital Services (India) Private Limited: Copo Digital provides technology consulting, development, and support services.
Digiglobe Advertising Private Limited: Digiglobe offers online media and advertising services.
Worldwide Exhibitions Agency Asia Limited, Hong Kong: Worldwide Exhibitions Agency Asia provides sales and marketing solutions for exhibition organizers across the globe.
Exhicon Events Media Solutions' client list includes state Governments, and domestic associations as well as international clients in Hospitality, F&B, Non-Chemical FMCG, International Trading, and Healthcare industries.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 788.06 | 949.12 | 11.73 | 31.67 | 30.67 | 164.19 |
| 31-Mar-22 | 1,747.60 | 4,651.08 | 428.38 | 460.08 | 459.08 | 105.98 |
| 30-Sep-22 | 2,168.42 | 2,931.08 | 470.37 | 930.45 | 929.45 | 139.03 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Exhicon Events IPO is Rs 76 Cr.
| KPI | Values |
|---|---|
| ROE | 67.65% |
| ROCE | 144.58% |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 8.08 |
The proceeds from the issue will be used for the following objects:
1) Working capital gap and general corporate expenses.
2) Acquisition of exhibition material.
3) Issue expenses.
[Dilip Davda] The company is engaged in providing exhibition/marketing and media-related services with long-term contracts. It is focusing largely on a B2B model that carries higher margins. Based on FY23 annualized earnings, the issue is lucratively priced. It is a first mover in the segment and may fetch a fancy post listing. Well-informed investors may consider parking of funds for the medium to long term. Read detail review...
The Exhicon Events IPO is subscribed 1.95 times on April 5, 2023 7:02:00 PM. The public issue subscribed 2.31 times in the retail category, 1.00 times in the QIB category, and 3.28 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.00 |
| NII | 3.28 |
| Retail | 2.31 |
| Total | 1.95 |
Total Application : 1,513 (2.88 times)
| Listing Date | April 17, 2023 |
| BSE Script Code | 543895 |
| NSE Symbol | |
| ISIN | INE0O8901016 |
| Final Issue Price | ₹64 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹64.00 |
| ₹64.00 |
| ₹64.00 |
| ₹67.20 |
| ₹67.20 |
Exhicon Events Media Solutions Limited
103, Crystal Paradise,
DS Road, off Veera Desai Road,
Andheri (W) Mumbai City - 400053
Phone: +91- 8097538188
Email: cs@exhiconevents.in
Website: https://exhicongroup.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: exhiconevents.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Exhicon Events IPO is a SME IPO of 3,300,000 equity shares of the face value of ₹10 aggregating up to ₹21.12 Crores. The issue is priced at ₹61 to ₹64 per share. The minimum order quantity is 2000 Shares.
The IPO opens on March 31, 2023, and closes on April 5, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Exhicon Events IPO using UPI as a payment gateway. Zerodha customers can apply in Exhicon Events IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Exhicon Events IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Exhicon Events IPO opens on March 31, 2023 and closes on April 5, 2023.
Exhicon Events IPO lot size is 2000 Shares, and the minimum amount required is ₹128,000.
You can apply in Exhicon Events IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Exhicon Events IPO will be done on Tuesday, April 11, 2023, and the allotted shares will be credited to your demat account by Thursday, April 13, 2023. Check the Exhicon Events IPO allotment status.
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