IPO Details
Bidding Dates
27 Sep '23 - 03 Oct '23
Minimum Investment
120,000 / 1 Lots ( 1600 Shares )
Price Range
₹71 - ₹75
Maximum Investment
120,000 / 1 Lots ( 1600 Shares )
Retail Discount
Not Applicable
Issue Size
₹25.92 Cr
Investor category and sub category
Qualified Institutions Buyers | Non-Institutional Buyers | Retail Investors |E Factor Experiences IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Sep 27, 2023
IPO Close Date
Oct 3, 2023
Basis of Allotment
Oct 6, 2023
Initiation of Refunds
Oct 9, 2023
Credit of Shares to Demat
Oct 10, 2023
IPO Listing Date
Oct 11, 2023
Cut-off time for UPI mandate confirmation
Oct 3, 2023
E Factor Experiences IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Sep 27, 2023 |
1.00 | 2.62 | 0.54 | 1.12 |
Day 2Sep 28, 2023 |
1.00 | 2.55 | 1.43 | 1.55 |
Day 3Sep 29, 2023 |
7.00 | 2.99 | 2.72 | 4.00 |
E Factor Experiences IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 7.00 |
| Non-Institutional Buyers | 2.99 |
| Retail Investors | 2.72 |
| Total | 4.00 |
About E Factor Experiences Ltd
E Factor Experiences Ltd, established in 2006, is an event management company based in India. The company specialises in delivering exceptional event experiences and a wide range of event services. The company is strategically located with offices in Delhi, Noida, Jaipur, and Odisha and is powered by a dedicated team of 32 skilled professionals.
Notable events managed by E Factor Experiences Ltd include prestigious projects such as Eco Retreat in Odisha, Dot Fest in Bhubaneswar, Laser Shows and Fireworks at Deepotsav in Kashi, Baba Saheb - The Grand Musical Show and The Pushkar Fair.
In a recent development, E Factor Experiences Ltd made a significant investment by acquiring a 46.33% stake in Untamed Leisure and Hospitality Pvt Ltd. This strategic move expands its footprint into event management, hospitality, and various other leisure and entertainment ventures.
E-Factor Experiences Limited is a distinguished event management enterprise offering an array of specialised services and products. Here's a glimpse of the diverse offerings provided by the company:
- Event Management Solutions: E-Factor Experiences Limited is renowned for its grandiose and tailor-made event setups, delivering an entirely personalised experience to its clients. They offer end-to-end event management services encompassing weddings, sports events, tourism-related gatherings, and more.
- Adventure and Lifestyle Tourism Ventures: The company has recently ventured into the exhilarating realm of adventure and lifestyle tourism, adding an exciting dimension to its portfolio.
- Technology-based Multimedia Services: E-Factor Experiences Limited is at the forefront of technology-driven multimedia solutions, providing permanent and semi-permanent installations for lights and sound.
In the fiscal year 2023, the company expanded its portfolio by venturing into the realm of social events in international locations, including Barcelona, Spain. This initiative proved to be highly successful, generating a revenue of ₹945.20 lakh. This revenue contribution amounted to 8.29% of our total revenue from operations during that period.
The projected expansion of the India Event and Exhibition Market anticipates a rise from $4.75 billion in 2023 to $8.71 billion by 2028. This growth is estimated at a compound annual growth rate (CAGR) of 12.90% within the forecast period spanning from 2023 to 2028.
E Factor Experiences Limited IPO Details
E Factor Experiences Limited IPO Date
The IPO of E Factor Experiences Limited is open for subscription from September 27, 2023, to October 3, 2023.
E Factor Experiences Limited IPO's Price Band
E Factor Experiences Limited’s IPO is a fresh issue IPO of up to ₹25.92 crore. It is a book-building issue. The price range is set to ₹71 to ₹75 per share.
E Factor Experiences Limited IPO’s Lot Size
The lot size for E Factor Experiences Limited’s IPO is 1600 shares with a minimum investment of ₹1,20,000.
E Factor Experiences Limited IPO’s Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Investment in Subsidiary Companies: The company is looking forward to growing its adventure and lifestyle tourism business with ₹200 lakh investment under the name of E Factor Adventure Tourism Private Limited. Along with that, the company also has growth plans for its associate entity, Untamed Leisure and Hospitality Pvt Ltd.
- To Meet Working Capital Requirement: The company intends to allocate ₹1,300 lakh of the net proceeds in the fiscal year 2024 to address our working capital needs.
Repayment and/or pre-payment, in full or part, of certain borrowings: As of March 31, 2023, the company's total outstanding debt amounted to approximately ₹912.74 lakh. They intend to allocate an estimated sum of ₹350 lakh from the net proceeds for the complete or partial settlement of specific borrowings.
How To Check the Allotment Status of E Factor Experiences Limited’s IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- As such, Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of E Factor Experiences Limited
Registered office: 101-A, Kundan Kutir Hari Nagar Ashram, New Delhi-110014, India.
Contact Person: Anushka Chauhan (Company Secretary and Compliance Officer)
Phone: +91-120-3100184
E-mail: cs@efactorexp.com
E Factor Experiences Company Financials
| Financial year | Year ending on March 31, 2023 ( ₹ in lakh ) | Year ending on March 31, 2022 ( ₹ in lakh ) | Year ending on March 31, 2021 ( ₹ in lakh ) |
|---|---|---|---|
| Total Income | 11,926.16 | 5,661.55 | 621.62 |
| EBITDA Margin (%) | 10.05% | 7.43% | 18.50% |
| Profit After Tax (PAT) | 761.35 | 253.25 | 123.39 |
| PAT Margin (%) | 6.38% | 4.47% | 19.85% |
| Total Borrowings | 912.74 | 590.95 | 683.23 |
| Cash & Cash Equivalents | 758.35 | 661.36 | 83.32 |
| Debt to Equity Ratio(x) | 0.83 | 1.69 | 7.05 |
| Return on Equity (%) | 103.79% | 113.48% | 344.10% |
| Return on Capital Employed (RoCE) (%) | 54.85% | 37.67% | 20.00% |
| Return on Net Worth (RoNW) (%) | 68.35% | 72.49% | 127.26% |
| Earning Per Share (EPS) in absolute ₹ | 7.82 | 2.63 | 1.28 |
Know before investing
Strengths
3-
The corporation provides an extensive range of services that encompass different facets of event management, spanning from preliminary event preparation to on-site implementation and subsequent post-event activities. It operates as a single-source provider for all our clients' event-related requirements.
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The company has expansion plans for tourism and lifestyle experiences. India's tourism industry is identified as one of the most rapidly expanding economic sectors within the nation. It is estimated to make a significant contribution of $250 billion to India's Gross Domestic Product (GDP) by the year 2030.
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The debt-to-equity ratio of the company has reduced considerably over the years. With the IPO, the company plans to reduce its debt by more than 50%.
Risks
4-
The company experiences periodic or seasonal variations that can impact its cash flow and operational activities.
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The company's financial stability heavily relies on contracts and projects granted by government entities and tourism departments. In the fiscal years 2023, 2022, and 2021, a significant portion of the company's operational revenue, accounting for 89.55%, 93.26%, and 79.23%, respectively, was derived from these government authorities.
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Their operations are primarily centred in specific regions, such as Odisha, Delhi, Madhya Pradesh, and Uttar Pradesh. They primarily collaborate with a select few government departments. In the context of their event management business, the entirety of their revenue for the fiscal years ending on March 31, 2023, and March 31, 2022, is generated from interactions with approximately 15 to 20 distinct clients.
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The proposal suggests allocating a portion of the net proceeds for investment in the subsidiary company's business.
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E Factor Experiences Ltd IPO FAQs
E Factor Experiences Limited IPO is a fresh issue of up to ₹25.92 crore. It is a book-building issue.
The E Factor Experiences Limited’s shares will be allotted on October 6, 2023.
The IPO subscription window for E Factor Experiences Limited will open on September 27, 2023.
Retail investors can apply for a minimum of one lot, which is a size of 1600 shares, with a sum of ₹1,20,000.
E Factor Experiences Limited will be listed on NSE SME. The stock will be listed on October 11, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- As such, Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
