E Factor Experiences IPO Detail 2023
Introduction
The E Factor Experiences IPO will open on September 27 and close on October 3, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 25.92 crore through this public offering, consisting of 34.56 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 71 to ₹ 75 per share.
E Factor Experiences Limited (“the Company”)
Incorporated in 2003, this is an award-winning Indian event management company engaged in providing consumers and the community with event experiences, event services, technology-based permanent and semi-permanent multimedia light and sound installations, specialized turnkey event assignments, wedding management, and private and social event solutions.
Its portfolio of services includes turnkey assignments in the form of government-commissioned tourism events and festivals, techno-cultural light and sound shows, sporting events and contests, conferences, mega-ground concerts, televised events, and private and social events like weddings and anniversary celebrations, etc.
Apart from all the events they curate and create in their events business, the company entered into a permanent and sustained business with its experiential tourism brand, “Sky Waltz,” owned by its subsidiary company, E-Factor Adventure Tourism Private Limited.
Skywaltz has been 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.
Apart from the above-mentioned subsidiary company, they have 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 its associate company, which is engaged in the business of event management, hospitality services, and other related activities of leisure and entertainment.
Company Key Metrics
| Earning Per Share (EPS) | ₹ 7.82 per Equity Share |
| Debt to Equity Ratio | 0.83 |
| ROE | 103.79% |
| ROCE | 54.85% |
| P/E (x) | 9.59 |
| Return on Net Worth (RoNW) | 68.35% |
Objects of the Issue,
- Investment in Subsidiary.
- To meet Working Capital requirements.
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company.
- General Corporate Purpose.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 1,101.67 | 351.85 | 96.96 |
| Total Assets | 5,674.80 | 4,916.87 | 2,581.94 |
| Reserve & Surplus | 138.46 | 5.36 | (247.04) |
| Total Borrowings | 912.74 | 590.95 | 683.23 |
| Total Revenue | 11,945.21 | 5,700.24 | 990.56 |
| Profit After Tax | 761.35 | 255.73 | 123.39 |
IPO details
As per the DRHP filed with SEBI, 34.56 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 1.74 lakh shares of the offering. While Hem Securities Limited will be the lead manager for the IPO, Maashitla Securities Private Limited will be the registrar. It will be a book-built issue, so there will be a price band rather than a price point, and the actual issue price will be discovered by building the book.
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 71 to ₹ 75 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1,600 shares |
| Issue Size | 3,456,000 shares (aggregating up to ₹ 25.92 crores) |
| Fresh Issue | 3,456,000 shares (aggregating up to ₹ 25.92 crores) |
| Listing At | NSE SME |
Market Maker detail
| Market maker | Hem Finlease |
| Market maker portion | 174,400 shares |
Shareholding Pattern
| Shareholding pre-issue | 9,632,098 |
| Shareholding post issue | 13,088,098 |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| QIB shares offered | Not more than 50% of the net offer |
| NII (HNI) shares offered | Not less than 15% of the net issue |
| Retail shares offered | Not less than 35% of the net issue |
GMP: E Factor Experiences IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: E Factor Experiences IPO
The issue opens for subscription on September 27, 2023, and closes for subscription on October 3, 2023 (both days inclusive). The basis of allotment will be finalised on October 6, 2023, and the refunds will be initiated on October 9, 2023. In addition, the demat credits are expected to happen on October 10, 2023, and the stock will be listed on the NSE SME on October 11, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | September 27, 2023 |
| Closing Date | October 3, 2023 |
| Basis of Allotment | October 6, 2023 |
| Initiation of Refunds | October 9, 2023 |
| A credit of shares to Demat A/c | October 10, 2023 |
| Listing Date | October 11, 2023 |
Lot Size
The lot size of the E Factor Experiences IPO is 1,600 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,600 shares of ₹ 120,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,600 | ₹ 120,000 |
| Retail (Maximum) | 1 | 1,600 | ₹ 120,000 |
| HNI (Minimum) | 2 | 3,200 | ₹ 240,000 |
Promoters Holdings
Jai Thakore, Samit Garg, Aruna Garg and Manika Garg are the promoter of the company.
| Pre-issue Shares Holdings | 99.99% |
| Post-issue Shares Holdings | 73.59% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | E Factor Experiences Limited 101-A, Kundan Kutir Hari Nagar Ashram,New Delhi – 110014, India Phone: +91-120-3100184 Email: cs@efactorexp.com Website: http://www.efactor4u.com/ |
| IPO Registrar | Maashitla Securities Private Limited Phone: +91-11-45121795-96 Email: ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
| IPO Lead Manager(s) | Hem Securities Limited |
FAQs
What is E Factor Experiences’s IPO price?
The E Factor Experiences IPO price is ₹ 71 to ₹ 75 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the E Factor Experiences IPO contains 1,600 shares of ₹ 120,000.
When will the E Factor Experiences IPO allotment be available?
The finalisation of the basis of allotment for the E Factor Experiences IPO will be done on October 6, 2023, and the allotted shares will be credited to your demat account by October 10, 2023. Check the E Factor Experiences IPO allotment status.
When will the E Factor Experiences IPO be listed on exchanges?
The E Factor Experiences IPO shares listing date is October 11, 2023.
How many E Factor Experiences IPO Offer shares are reserved for HNIs and retail investors?
The investors’ portion for QIB is 50% of the Net Issue, NII (HNI) is 15% of the net issue, and Retail is 35%.
