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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹7.75 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹7.75 Cr |
| Fresh Issue | ₹7.36 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹51.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | PARTYCRUS |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | First Overseas Capital Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
Incorporated in 1994, Party Cruisers Limited is specialized in wedding management and event management activities. The company offers a range of event activities from pre-wedding to during wedding and post-wedding activities such as in-house designing, destination wedding decor, etc.
From the initial conception (i.e. pre-event publicity, venue search, booking, transportation) to turnkey production (on-site management, staffing, entertainment, set-up, and designing) and post-event facilities (final material distribution, post-event report, attendance assessment) everything is managed by Party Cruisers to provide an AESTHETIC ambiance and luxury wedding experience to customers. It has two registered brands naming "Vivaah" and "Vows-Away and Beyond" to offer professional wedding services whereas event management facilities are provided under its own-brand "Event Factory" and through franchisee. It also has a brand "Live Space" that specializes in the venue and set construction, designing as well as consulting facilities for weddings.
The company generates 75% of the revenues from wedding management activities and the rest is contributed by event management activities.
Competitive strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of Business through strategic investment | 3.40 |
| 2 | Additional Working Capital | 3.50 |
| 3 | General Corporate Expenses | 0.30 |
| 4 | To meet the expenses of the Issue | 0.55 |
| Period Ended | 30 Sep 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 11.69 | 12.28 | 11.94 | 10.14 |
| Total Income | 1.71 | 15.89 | 18.88 | 15.36 |
| Profit After Tax | 0.15 | 1.30 | 1.93 | 1.48 |
| NET Worth | 9.49 | 9.26 | 8.07 | 6.13 |
| Reserves and Surplus | 5.41 | 5.18 | 4.02 | 6.08 |
| Total Borrowing | 0.82 | 1.01 | 0.33 | 0.50 |
| Amount in ₹ Crore | ||||
