The E Factor Experiences Limited IPO is a book-built offering with a total value of Rs 25.92 crores, exclusively comprising a fresh issue of 34.56 lakh shares.
Here are the significant details and dates for this IPO:
- Subscription Period: The subscription window for the E Factor Experiences IPO will be open for investors from September 27, 2023, and will conclude on October 3, 2023.
- Allotment Date: The finalization of allotment for the E Factor Experiences IPO is scheduled for Friday, October 6, 2023.
- Listing Date: The listing of shares from the E Factor Experiences IPO is planned on NSE SME, with a tentative listing date set for Wednesday, October 11, 2023.
- Price Band: The price band for the E Factor Experiences IPO is in the range of ₹71 to ₹75 per share.
- Lot Size: Retail investors should note that the minimum lot size for an application is 1600 Shares, requiring an investment of ₹120,000. For High Net Worth Individuals (HNI), the minimum investment is 2 lots (3,200 shares) amounting to ₹240,000.
- Key Players: Hem Securities Limited has been appointed as the book running lead manager for the E Factor Experiences IPO, while Maashitla Securities Private Limited is the registrar for the issue.
For in-depth insights and comprehensive information, potential investors are advised to refer to the E Factor Experiences IPO Draft Red Herring Prospectus (DRHP). These details are crucial for investors considering participation in the E Factor Experiences IPO.
E Factor Experiences IPO Details #
| IPO Date | September 27, 2023 to October 3, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,456,000 shares (aggregating up to ₹25.92 Cr) |
| Fresh Issue | 3,456,000 shares (aggregating up to ₹25.92 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,632,098 |
| Market Maker portion | 174,400 shares |
E Factor Experiences IPO Reservation #
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
E Factor Experiences IPO Timeline (Tentative Schedule) #
E Factor Experiences IPO opens on September 27, 2023, and closes on October 3, 2023.
| IPO Open Date | Wednesday, September 27, 2023 |
| IPO Close Date | Tuesday, October 3, 2023 |
| Basis of Allotment | Friday, October 6, 2023 |
| Initiation of Refunds | Monday, October 9, 2023 |
| Credit of Shares to Demat | Tuesday, October 10, 2023 |
| Listing Date | Wednesday, October 11, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 3, 2023 |
E Factor Experiences IPO Lot Size #
Investors can bid for a minimum of 1600 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 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
| Lot Size Calculator | |||
E Factor Experiences IPO Promoter Holding #
Jai Thakore, Samit Garg, Aruna Garg and Manika Garg are the company promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
About E Factor Experiences Limited #
Incorporated in 2003, E Factor Experiences Limited is an Indian event management company. The company is engaged in providing event experiences, event services, technology-based permanent & semi-permanent multimedia light & sound installations and specialized turnkey event assignments, wedding management, and private and social event solutions.
E Factor Experiences Limited’s portfolio of services includes turnkey assignments in the form of Government commissioned Tourism Events and Festivals, techno-cultural light & sound shows, Sporting Events & Contests, Conferences, Mega Ground Concerts, Televised Events, private and social events like wedding and anniversary celebrations etc.
E Factor Experiences Limited offices in Delhi, Noida, Jaipur and Odisha. The company has a team of 32 employees.
E Factor Experiences Limited has managed events like Eco Retreat, Odisha, DotFest, Bhubaneswar, Laser Show & Fireworks at Deepotsav, Kashi Balloon & Boat Race, Baba Saheb – The Grand Musical show on life & teaching of Baba Saheb Ambedkar and many more.
E Factor Experiences Limited entered into a permanent and sustained business with its experiential tourism brand, “Sky Waltz” owned by the Subsidiary company namely E-Factor Adventure Tourism Private Limited. Skywaltz is engaged in the business of managing and operating hot air ballooning and yachting activities in multiple locations in India and has been a government-approved commercial hot air balloon operator for the last 12 years.
The company also has acquired a 46.33% stake in Untamed Leisure and Hospitality Private Limited (formerly known as E Factor Leisure and Hospitality Private Limited) making this company the Associate company, which is engaged in the business of event management and hospitality services and other related activities of leisure and entertainment.
Company Financials #
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 2,581.94 | 4,916.87 | 5,674.80 |
| Revenue | 990.56 | 5,700.24 | 11,945.21 |
| Profit After Tax | 123.39 | 255.73 | 761.35 |
| Net Worth | 96.96 | 351.85 | 1,101.67 |
| Reserves and Surplus | -247.04 | 5.36 | 138.46 |
| Total Borrowing | 683.23 | 590.95 | 912.74 |
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 9.59 |
| ROE | 103.79% |
| ROCE | 54.85% |
| Debt/Equity | 0.83 |
| EPS (Rs) | 7.82 |
| RoNW | 68.35% |
Objects of the Issue (E Factor Experiences IPO Objectives) #
The company intend to utilize the proceeds of the Issue to meet the following objects:
1. Investment in Subsidiary
2. To meet Working Capital requirements
3. Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company
4. General Corporate Purpose
E Factor Experiences IPO Prospectus #
E Factor Experiences IPO Contact Details #
101-A,
Kundan Kutir Hari Nagar Ashram
New Delhi110014, India
Phone: +91-120-3100184
Email: cs@efactorexp.com
Website: http://www.efactor4u.com/
E Factor Experiences IPO Registrar #
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(s) #
FAQs #
What is the total issue size of the E Factor Experiences IPO? #
The E Factor Experiences IPO has a total issue size of Rs 25.92 crores, comprising a fresh issue of 34.56 lakh shares.
When is the subscription period for the E Factor Experiences IPO? #
The subscription period for the E Factor Experiences IPO is from September 27, 2023, to October 3, 2023.
When will the allotment for the E Factor Experiences IPO be finalized? #
The finalization of allotment for the E Factor Experiences IPO is scheduled for Friday, October 6, 2023.
When is the listing date for shares from the E Factor Experiences IPO? #
The shares from the E Factor Experiences IPO are planned to be listed on NSE SME with a tentative listing date set for Wednesday, October 11, 2023.
What is the price band for the E Factor Experiences IPO? #
The price band for the E Factor Experiences IPO is in the range of ₹71 to ₹75 per share.
What is the lot size for retail investors in the E Factor Experiences IPO? #
The minimum lot size for retail investors in the E Factor Experiences IPO is 1600 shares, requiring an investment of ₹120,000.
Who are the key players involved in the E Factor Experiences IPO? #
Hem Securities Limited is the book running lead manager for the E Factor Experiences IPO, and Maashitla Securities Private Limited is the registrar for the issue.
Who are the promoters of E Factor Experiences Limited? #
Jai Thakore, Samit Garg, Aruna Garg, and Manika Garg are the promoters of E Factor Experiences Limited.
What is the business focus of E Factor Experiences Limited? #
E Factor Experiences Limited is an event management company in India that provides event experiences, event services, multimedia light & sound installations, wedding management, and private and social event solutions.
What is the annual total installed capacity of E Factor Experiences Limited for Paracetamol production? #
E Factor Experiences Limited primarily focuses on event management and does not manufacture pharmaceutical products like Paracetamol.
What are the key financial indicators of E Factor Experiences Limited as of March 31, 2023? #
Total Assets: ₹5,674.80 lakhs
Total Revenue: ₹11,945.21 lakhs
Profit After Tax: ₹761.35 lakhs
Net Worth: ₹1,101.67 lakhs
Total Borrowings: ₹912.74 lakhs
What are the objectives of the E Factor Experiences IPO? #
The company intends to utilize the proceeds from the IPO for the following purposes:
Investment in a subsidiary.
Meeting working capital requirements.
Repayment and/or pre-payment of certain borrowings.
General corporate purposes.
