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 Promoters:

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

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 Opening DateFeb 22, 2021
IPO Closing DateFeb 25, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹51 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME
Issue Size1,520,000 Eq Shares of ₹10
(aggregating up to ₹7.75 Cr)

Party Cruisers IPO Tentative Timetable

The Party Cruisers IPO open date is Feb 22, 2021, and the close date is Feb 25, 2021. The issue may list on Mar 5, 2021.

IPO Open DateFeb 22, 2021
IPO Close DateFeb 25, 2021
Basis of Allotment DateMar 2, 2021
Initiation of RefundsMar 3, 2021
Credit of Shares to Demat AccountMar 4, 2021
IPO Listing DateMar 5, 2021

Party Cruisers IPO Lot Size

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

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹102,000
Maximum12000₹102,000

Party Cruisers IPO Promoter Holding

Pre Issue Share Holding94.30%
Post Issue Share Holding68.71%

Party Cruisers IPO Prospectus

Party Cruisers IPO Rating

78
2.8
Rating:Rated 2.8 stars

Vote Here ...

Party Cruisers IPO Listing Date

Listing DateFriday, March 5, 2021
BSE Script Code
NSE SymbolPARTYCRUS
Listing In
ISININE06ZX01015
IPO Price₹51 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹51.00
Open:₹54.00
Low:₹51.30
High:₹54.00
Last Trade:₹51.30
Volume:14,000

Party Cruisers IPO Reviews / Ratings

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

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

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

Party Cruisers IPO FAQs

  1. What is Party Cruisers IPO?

    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 equity share. The minimum order quantity is 2000 Shares.

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

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

  2. How to apply in Party Cruisers IPO through Zerodha?

    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.

  3. When Party Cruisers IPO will open?

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

  4. What is the lot size of Party Cruisers IPO?

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

  5. How to apply for Party Cruisers IPO?

    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.

  6. When Party Cruisers IPO allotment?

    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.

  7. When is Party Cruisers IPO listing date?

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

Party Cruisers IPO Message Board

Ranked Members  Ranked Members

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13. IPOANALYSIS |Mar 5, 2021 09:53
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
No buyer at 51. Lol. All fools only would have applied.
12. IPOANALYSIS |Feb 25, 2021 13:01
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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 |Feb 24, 2021 14:07
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
Confirmed discount listing of 10-20 pc..please donate that money instead of applying in bad fundamentals company from bad lead managers.
10. IPOANALYSIS |Feb 22, 2021 15:32
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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 |Feb 22, 2021 10:05
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.
8. IPOANALYSIS |Feb 22, 2021 10:55
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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.
8.1. sonal patel |Feb 24, 2021 11:12
IPO Guru IPO Guru (1000+ Posts, 4200+ Likes)
MTAR Technologies Ltd IPO
Approx 660 Crores.
Fresh issue 40 Lakh Shares & OFS 82 Lakh Shares.
Tentative Dates 03 - 05 march
Basis of allotment mar 10, 2021
Initiation of refunds mar 12, 2021
Credit of share to demat account mar 15, 2021
Ipo listing date mar 16, 2021

Expected Price Band 580 - 585
Lot size - 25 share

11TH MARCH MAHA SHIVRATRI HOLIDAY
7. IPOANALYSIS |Feb 20, 2021 19:37
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
Let''s see how many bakras are ready to be halal in this IPO . The biggest fools will apply.
7.1. syed asif |Feb 20, 2021 23:59
LOL
6. IPOANALYSIS |Feb 20, 2021 19:41
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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 |Feb 19, 2021 13:32
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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 |Feb 19, 2021 13:20
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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 |Feb 19, 2021 11:04
Top Contributor Top Contributor (400+ Posts, 100+ 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 |Feb 19, 2021 11:45
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Please ignore this message.
MRP has not given any return.
I read the price as 30 in place of 40
3.2. IPOANALYSIS |Feb 19, 2021 13:14
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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 |Feb 18, 2021 16:12
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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 |Feb 18, 2021 15:24
Well from the looks of the ipo it seems that it should be avoided, but waiting on experts in this forum to review this







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