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 Date	Feb 22, 2021
IPO Closing Date	Feb 25, 2021
Issue Type	Fixed Price Issue IPO
Face Value	₹10 per equity share
IPO Price	₹51 per equity share
Market Lot	2000 Shares
Min Order Quantity	2000 Shares
Listing At	NSE SME
Issue Size	1,520,000 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 Date	Feb 22, 2021
IPO Close Date	Feb 25, 2021
Basis of Allotment Date	Mar 2, 2021
Initiation of Refunds	Mar 3, 2021
Credit of Shares to Demat Account	Mar 4, 2021
IPO Listing Date	Mar 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).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	2000	₹102,000
Maximum	1	2000	₹102,000

Party Cruisers IPO Promoter Holding

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

Party Cruisers IPO Prospectus

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Party Cruisers IPO Rating

2.8

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Party Cruisers IPO Reviews / Ratings

Dilip Davda - Avoid

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
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Party Cruisers IPO Lead Manager(s)

First Overseas Capital Limited

Lead Manager Reports

Party Cruisers IPO FAQs

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.
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.
When Party Cruisers IPO will open?

The Party Cruisers IPO opens on Feb 22, 2021 and closes on Feb 25, 2021.
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.
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.
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.
When is Party Cruisers IPO listing date?

The Party Cruisers IPO listing date is not yet announced. The tentative date of Party Cruisers IPO listing is Mar 5, 2021.

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