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Party Cruisers Limited IPO (Party Cruisers IPO) Detail

Feb 22, 2021 - Feb 25, 2021

Incorporated in 1994, Party Cruisers Limited is specialized in wedding management and event management activities. The company offers a range of event activities from pre-wedding to during wedding and post-wedding activities such as in-house designing, destination wedding decor, etc.

From the initial conception (i.e. pre-event publicity, venue search, booking, transportation) to turnkey production (on-site management, staffing, entertainment, set-up, and designing) and post-event facilities (final material distribution, post-event report, attendance assessment) everything is managed by Party Cruisers to provide an AESTHETIC ambiance and luxury wedding experience to customers. It has two registered brands naming "Vivaah" and "Vows-Away and Beyond" to offer professional wedding services whereas event management facilities are provided under its own-brand "Event Factory" and through franchisee. It also has a brand "Live Space" that specializes in the venue and set construction, designing as well as consulting facilities for weddings.

The company generates 75% of the revenues from wedding management activities and the rest is contributed by event management activities.

Competitive strengths

  • Established brand name and strong franchisee model.
  • Well-established relationship with suppliers.
  • Strong in-house designing capabilities.
  • Range of services including wedding and event management.
  • Diversified revenue base.
  • Experienced team of promoters.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 1169.44 1227.70 1194.35 1014.12
Total Revenue 171.49 1588.58 1888.17 1535.67
Profit After Tax 14.84 130.15 193.47 147.80

Objects of the Issue

The key objectives of the IPO are as follows;

  • To expand business through strategic investment.
  • To meet additional working capital requirement.
  • To meet general corporate purposes.
  • To meet issue expenditures.

Party Cruisers IPO Details

IPO Date Feb 22, 2021 to Feb 25, 2021
Listing Date Friday, March 5, 2021
Face Value ₹10 per share
Price ₹51 per share
Lot Size 2000 Shares
Issue Size1,520,000 shares of ₹10
(aggregating up to ₹7.75 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

Mr. Zuzer Hatim Lucknowala and Mrs. Rachana Zuzer Lucknowala are the promoters of the company.

Party Cruisers IPO Tentative Timetable

Party Cruisers IPO opens on Feb 22, 2021, and closes on Feb 25, 2021. The Party Cruisers IPO bid date is from Feb 22, 2021 10.00 A.M. to Feb 25, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Feb 22, 2021
Closing Date Feb 25, 2021
Basis of Allotment Mar 2, 2021
Initiation of Refunds Mar 3, 2021
Credit of Shares to Demat Mar 4, 2021
Listing Date Mar 5, 2021

Party Cruisers IPO Lot Size

The Party Cruisers IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹102,000
Retail (Max) 1 2000 ₹102,000

Party Cruisers IPO Promoter Holding

Pre Issue Share Holding 94.30%
Post Issue Share Holding 68.71%

Party Cruisers IPO Review

The issue is aggressively priced. Post COVID-19 restriction on Wedding parties, events etc has dented working of the company drastically and changed lifestyle post-pandemic may raise concern for the sustainability of its business model. Considering all these, there is no harm in giving this issue a MISS. Read detail review...

Party Cruisers IPO Prospectus

Party Cruisers IPO Rating

78
2.8
Rating:Rated 2.8 stars
Vote Here ...

Party Cruisers IPO Listing Date

Listing Date Friday, March 5, 2021
BSE Script Code
NSE Symbol PARTYCRUS
Listing In
ISIN INE06ZX01015
IPO Price ₹51 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹51.00
₹54.00
₹51.30
₹54.00
₹51.30

Company Contact Information

Party Cruisers Limited
303/304/305, Simran Plaza, Khar 4th Road,
Next to Regal Enclave Hotel, Khar (West),
Mumbai - 400 052
Phone: 91 22 49739352
Email: compliance@partycruisersindia.com
Website: http://www.partycruisersindia.com/

Party Cruisers IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Party Cruisers IPO Review

Party Cruisers IPO Recommendation Summary

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Brokers 0 0 1
Members 0 0 0

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Party Cruisers IPO FAQs

Party Cruisers IPO is a SME IPO of 1,520,000 equity shares of the face value of ₹10 aggregating up to ₹7.75 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Feb 22, 2021, and closes on Feb 25, 2021.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Party Cruisers IPO using UPI as a payment gateway. Zerodha customers can apply in Party Cruisers IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Party Cruisers IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Party Cruisers IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Party Cruisers IPO opens on Feb 22, 2021 and closes on Feb 25, 2021.

Party Cruisers IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Party Cruisers 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Party Cruisers IPO will be done on Mar 2, 2021, and the allotted shares will be credited to your demat account by Mar 4, 2021. Check the Party Cruisers IPO allotment status.

The Party Cruisers IPO listing date is on Friday, March 5, 2021.
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Party Cruisers IPO Message Board

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17 Comments

12. IPOANALYSIS |   Link |Feb 25, 2021 2:01:14 PM
LM have to buy few application to get through the IPO with 1 times subscription. Rest few retailer who have applied are biggest fools. This company mainly wants to get easy money of innocent public as business has no moat. . Get ready to suffer huge loss for those who will get confirmed allotment.
11. IPOANALYSIS |   Link |Feb 24, 2021 3:07:37 PM
Confirmed discount listing of 10-20 pc..please donate that money instead of applying in bad fundamentals company from bad lead managers.
10. IPOANALYSIS |   Link |Feb 22, 2021 4:32:54 PM
There is new technique to buy few application and show subscription. Lead manager can easily buy application from retailer or ask few HNI to apply and cover their losses .suppose it list at 20 pc discount. Any HNI can be paid that amount to get issue subscribed . Few retailer scapegoat actually apply looking at subscription. Please save your money and never apply in new SME IPO.
9. techuser |   Link |Feb 22, 2021 11:05:21 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
When I see a few SME IPO nowadays....

Looterien aate he....
Retailers ko loot ke chale jate he..
Retailers nahi sudharte he...
SEBI dekhati rehti he.....

(itna kuch hone ke bad bhi, retailers...)

fir kab aaoge, fir kab aaoge, ki tum bin ye dil suna suna he.

lol.
9.1. IPOANALYSIS |   Link |Feb 22, 2021 11:27:10 AM
The problem is only those few retailers apply thinking to exit even at profit or loss on day 1 .they are foolish because so many stocks are available in open market why apply SME IPO and take such huge risk. Soon time will come when only lead manager have to arrange for all application themselves only. Yes, SEBI and exchange should stop all new SME IPO completely and maybe boycott all bad lead managers like first global,beeline as they have come with all fake companies in past too
9.2. techuser |   Link |Feb 22, 2021 12:38:17 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
@IPOANALYSIS, Completely agree with you. These SME companies are purely operator manipulated companies. I myself burned my hands in the "TOTAL TRANSPORT". Although it''s trading at above issue price now, but from 45 (IPO PRICE), it went to 17 all the way. Even though today, it''s purely manipulated by operators, UCs/LCs/UCs for god sake.
8. IPOANALYSIS |   Link |Feb 22, 2021 11:55:03 AM
Hope this time lead manager has to pay and cover losses of people who apply application and buy from them to arrange subscription
Rest all retailer who have not sold application and have some jugaad plz stay away completely.
7. IPOANALYSIS |   Link |Feb 20, 2021 8:37:18 PM
Let''s see how many bakras are ready to be halal in this IPO . The biggest fools will apply.
7.1. syed asif |   Link |Feb 21, 2021 12:59:07 AM
LOL
6. IPOANALYSIS |   Link |Feb 20, 2021 8:41:56 PM
It is in business of marriage .when it is not running at full capacity what type of business are they running. Seems this company will not exist in next few yrs. Please don''t fall.prey and apply in such kachra stocks from a bad lead manager.
5. IPOANALYSIS |   Link |Feb 19, 2021 2:32:34 PM
Funny software, Ganga pharmaceuticals,oye Medi,UHZAveri This is even worse than above ones which have completely destroyed public money. Just stay away retailer
Let fake sold application apply .any retailer who applies is biggest Bakra for them.
4. IPOANALYSIS |   Link |Feb 19, 2021 2:20:05 PM
First global issues . Funny software issues at 14 rs.company closed. Anubhav infra and many other a 30 rs now at 2 rs. Why SEBI or exchange not doing anything against such lead manager for getting fake companies to collect public money and spoil it and vanish away.
3. Dinesh Singh |   Link |Feb 19, 2021 12:04:43 PM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Depend upon the last subscription, please decide whether to apply or not.
MRP has given 30% listing gain inspite of failure LM.
3.1. Dinesh Singh |   Link |Feb 19, 2021 12:45:14 PM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Please ignore this message.
MRP has not given any return.
I read the price as 30 in place of 40
3.2. IPOANALYSIS |   Link |Feb 19, 2021 2:14:27 PM
MRP has listed below issue despite high subscription. This one is even worse than MRP
Check track record of first global. One of the biggest fraud lead manager. People should be aware that fundamentals are very bad and LM is even worse.dont even think of applying as it will lose 90 pc of value by next one year
This IPO is just to collect public money and run away
2. IPOANALYSIS |   Link |Feb 18, 2021 5:12:12 PM
Another loooter and thief arrived. Please stay away retailer form any new SME IPO . first global has arrived which has all fraud companies IPO in the past. It is very important to check performance of lead manager. Check it''s shares UHZAveri and similar other small fraud companies just coming to loot public money. Please don''t burn it hard earned money. Let lead manager arrange for fake application to get subscription.look at the business of company an event management when all marriages are not even at capacity and with few guest who will ask for such small fake companies. SEBI exchange should put some monitoring to check quality scrips only
1. RohitArorra |   Link |Feb 18, 2021 4:24:51 PM
Well from the looks of the ipo it seems that it should be avoided, but waiting on experts in this forum to review this