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Exhicon Events Media Solutions IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. Copo Digital Services (India) Private Limited: Copo Digital is primarily engaged in the business of technology consulting, development, and support services.
  2. Digiglobe Advertising Private Limited: Digiglobe is primarily engaged in the business of online media and advertising.
  3. 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)

ParticularsPeriod ended on 30th Sep. 2022FY 2021-22FY 2020-21
Net Worth93046032
Total Assets2,1681,748788
Total Borrowings139106164
Total Revenue2,9314,651949
Profit After Tax47042812
(Amount in ₹ Lakhs)

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 TypeBook Built Issue IPO
IPO Price₹ 61 to ₹ 64 per share
Face Value₹ 10 per share
Market Lot2,000 Shares
Issue Size3,300,000 shares of ₹ 10 each (Aggregating up to ₹ 21.12 Crore)
Fresh Issue3,300,000 shares of ₹ 10 each (Aggregating up to ₹ [.] Crore)
Market Maker Portion330,000 shares
QIB Shares OfferredNot more than 50% of the net offer
NII (HNI) Shares OfferedNot less than 15% of the offer
Retail Shares OfferedNot less than 35% of the offer
Listing AtBSE SME
Company PromotersMr. 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 DateMarch 31, 2023
Closing DateApril 5, 2023
Basis of AllotmentApril 11, 2023
Initiation of RefundsApril 12, 2023
Credit of shares to Demat A/cApril 13, 2023
Listing DateApril 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)12,000₹ 128,000
Retail (Maximum)12,000₹ 128,000
HNI (Minimum)24,000₹ 256,000

Promoters Holdings 

Pre-issue Shares Holdings100%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationExhicon 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 RegistrarLink 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

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.

The Exhicon Events Media Solutions Ltd. IPO shares listing date is April 17, 2023.

The investors’ portion for QIB - 50% of the net offer, NII (HNI) – 15% of offer, and Retail – 35% of the offer.

Click here for more FAQs.

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