Exhicon Events Media Solutions IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Exhicon Events Media Solutions IPO opens on March 31 and closes on April 5, 2023. According to the DRHP filed in SEBI, the company is planning to issue 33 lakhs shares through this public issue.
About Exhicon Events Media Solutions Limited (“the Company”)
Originally incorporated in 1997, the Company engaged in providing a full range of products and services for the exhibitions, conferences, and events industry. Company solutions include media to integrated marketing solutions, temporary to permanent event infrastructure, and management to organising. Over the period, they have successfully developed themselves into an end-to-end services provider for the exhibition and event industries.
The company provides turnkey events and trade fairs for small to large B2B and B2C fairs and events. They also help their clients get the requisite permissions and licences for the events. Company clients include various state governments, domestic associations, and international clients. Exhicon Events Media Solutions Limited also provides services to various domestic trade fair organisers. They worked in a variety of industries, such as hospitality, food and beverage, non-chemical FMCG, international trade, and healthcare.
They provide in-house infrastructure for large-scale events and integrated marketing solutions. Company forte lies in effectively assimilating various project aspects, ensuring operational efficiencies, and delivering optimum value for all stakeholders. Its exhibitions include B2B, B2C, and hybrid events.
It has the following subsidiaries:
- Copo Digital Services (India) Private Limited: Copo Digital is primarily engaged in the business of technology consulting, development, and support services.
- Digiglobe Advertising Private Limited: Digiglobe is primarily engaged in the business of online media and advertising.
- Worldwide Exhibitions Agency Asia Limited, Hong Kong: Worldwide Exhibitions Agency Asia Limited is primarily engaged in the large-scale international exhibition space selling business and provides tailor-made sales and marketing solutions for exhibition organisers across the globe.
Objects of the Issue
The company proposes to utilise the net proceeds of the Fresh Issue towards funding the following objects:
- The working capital gap and general corporate expenses
- Acquisition of exhibition material
- Issue expenses.
Financial Highlights (Restated Consolidated)
| Particulars | Period ended on 30th Sep. 2022 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 930 | 460 | 32 |
| Total Assets | 2,168 | 1,748 | 788 |
| Total Borrowings | 139 | 106 | 164 |
| Total Revenue | 2,931 | 4,651 | 949 |
| Profit After Tax | 470 | 428 | 12 |
IPO details
As per the DRHP filed with SEBI, a total of 33 lakhs shares will be offered as part of the fresh issue on the BSE SME segment. The face value of the shares is ₹ 10. While Share India Capital Services Private Limited will be the lead manager for the IPO, Link Intime India Private Ltd 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 through the building of the book.
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 61 to ₹ 64 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 2,000 Shares |
| Issue Size | 3,300,000 shares of ₹ 10 each (Aggregating up to ₹ 21.12 Crore) |
| Fresh Issue | 3,300,000 shares of ₹ 10 each (Aggregating up to ₹ [.] Crore) |
| Market Maker Portion | 330,000 shares |
| QIB Shares Offerred | Not more than 50% of the net offer |
| NII (HNI) Shares Offered | Not less than 15% of the offer |
| Retail Shares Offered | Not less than 35% of the offer |
| Listing At | BSE SME |
| Company Promoters | Mr. Mohammad Quaim Syed And Ms. Padma Mishra |
GMP – Exhicon Events Media Solutions IPO
Exhicon Events Media Solutions’ 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: Exhicon Events Media Solutions IPO
The issue opens for subscription on March 31, 2023, and closes for subscription on April 5, 2023 (both days inclusive). The basis of allotment will be finalised on April 11th, 2023, and the refunds will be initiated on April 12, 2023. In addition, the demat credits are expected to happen on April 13, 2023, and the stock will list on April 17, 2023, on the BSE SME.
| Opening Date | March 31, 2023 |
| Closing Date | April 5, 2023 |
| Basis of Allotment | April 11, 2023 |
| Initiation of Refunds | April 12, 2023 |
| Credit of shares to Demat A/c | April 13, 2023 |
| Listing Date | April 17, 2023 |
Lot Size
The lot size of the Exhicon Events Media Solutions IPO is 2,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 2,000 shares of ₹ 128,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2,000 | ₹ 128,000 |
| Retail (Maximum) | 1 | 2,000 | ₹ 128,000 |
| HNI (Minimum) | 2 | 4,000 | ₹ 256,000 |
Promoters Holdings
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Exhicon Events Media Solutions Limited 103, Crystal Paradise, DS Road, off Veera Desai Road, Andheri (W) Mumbai City – 400053 Phone: +91- 8097538188 Email: [email protected] Website: https://exhicongroup.com/ |
| IPO Registrar | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: [email protected] Website: https://linkintime.co.in/ |
| IPO Lead Manager(s) | Share India Capital Services Private Limited |
FAQ’s
When will Exhicon Events Media Solutions Ltd. IPO allotment available?
The finalisation of the basis of allotment for the Exhicon Events Media Solutions Ltd. IPO will be done on April 11, 2023, and the allotted shares will be credited to your demat account by April 13, 2023. Check the Exhicon Events Media Solutions Ltd. IPO allotment status.
When will Exhicon Events Media Solutions Ltd. IPO list on exchanges?
The Exhicon Events Media Solutions Ltd. IPO shares listing date is April 17, 2023.
How many shares in Exhicon Events Media Solutions Ltd. IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for QIB - 50% of the net offer, NII (HNI) – 15% of offer, and Retail – 35% of the offer.
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