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E Factor Experiences IPO Detail 2023

E Factor Experiences IPO Detail 2023


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 Ratio0.83
P/E (x)9.59
Return on Net Worth (RoNW)68.35%

Objects of the Issue,

  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.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21
Net Worth1,101.67351.8596.96
Total Assets5,674.804,916.872,581.94
Reserve & Surplus138.465.36(247.04)
Total Borrowings912.74590.95683.23
Total Revenue11,945.215,700.24990.56
Profit After Tax761.35255.73123.39
(Amount in ₹ Lakhs)

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 TypeBook Built Issue IPO
IPO Price₹ 71 to ₹ 75 per share
Face Value₹ 10 per share
Market Lot1,600 shares
Issue Size3,456,000 shares (aggregating up to ₹ 25.92 crores)
Fresh Issue3,456,000 shares (aggregating up to ₹ 25.92 crores)
Listing AtNSE SME

Market Maker detail

Market makerHem Finlease
Market maker portion174,400 shares

Shareholding Pattern

Shareholding pre-issue9,632,098
Shareholding post issue13,088,098

IPO Reservation

CategoriesNo. of shares offered
QIB shares offeredNot more than 50% of the net offer
NII (HNI) shares offeredNot less than 15% of the net issue
Retail shares offeredNot 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 DateSeptember 27, 2023
Closing DateOctober 3, 2023
Basis of AllotmentOctober 6, 2023
Initiation of RefundsOctober 9, 2023
A credit of shares to Demat A/cOctober 10, 2023
Listing DateOctober 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.

Retail (Minimum)11,600₹ 120,000
Retail (Maximum)11,600₹ 120,000
HNI (Minimum)23,200₹ 240,000

Promoters Holdings 

Jai Thakore, Samit Garg, Aruna Garg and Manika Garg are the promoter of the company.

Pre-issue Shares Holdings99.99%
Post-issue Shares Holdings73.59%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationE Factor Experiences Limited
101-A, Kundan Kutir Hari Nagar Ashram,New Delhi – 110014, India
Phone: +91-120-3100184
Email: [email protected]
IPO RegistrarMaashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
IPO Lead Manager(s)Hem Securities Limited


The E Factor Experiences IPO price is ₹ 71 to ₹ 75 per share.

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.

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.

The E Factor Experiences IPO shares listing date is October 11, 2023.

The investors’ portion for QIB is 50% of the Net Issue, NII (HNI) is 15% of the net issue, and Retail is 35%.

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