PNN
Mumbai (Maharashtra) [India], September 12: The shares of Mach Conferences and Events Limited made a strong debut on the BSE SME platform, opening at Rs 300 per share, a 33.33 per cent premium over the IPO price of Rs 225.
The IPO, which was priced between Rs214 and Rs225 per equity share, had a total issue size of Rs125.28 crores. It included a fresh issue of 22,29,000 equity shares and an offer for sale of 33,39,000 shares, each with a face value of Rs10. The IPO got strong response from the investor community with total subscription of 196.70 times & procured Rs16,330.95 Cr
The listing at Rs300 reflects robust investor interest and optimism about the company’s potential, marking a successful entry for Mach Conferences and Events Limited into the public market.
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