The Exhicon Events Media Solutions date has been confirmed from March 31 and ended on April 5 .
Exhicon Events Media Solutions made its debut on the stock exchange on April 17, 2023. The initial public offering (IPO) received a subscription rate of 1.95 times. On April 17, 2023, at 09:44 AM, the last Grey Market Premium (GMP) for Exhicon Events Media Solutions IPO stood at ₹2. Based on this GMP, the projected profit/loss for the IPO was 3.12%.
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Bidding Dates
Novemeber 9 – 11 ,2023
Price Range
₹61 to ₹64 per share
Face Value
₹10 per share
GMP
₹ 2
Exhicon Events Media Solutions GMP
The Exhicon Events Media Solutions IPO GMP is ₹[ 2].
IPO Overview
The Exhicon Events Media Solutions IPO (543895) was priced at ₹64 upon its issuance and was listed at the same price of ₹64.00, resulting in a precise 0.00% match with the allotment price. Contrary to the grey market’s anticipated IPO listing price of ₹66, the actual listing price was lower and marked as a negative listing for GMP.
The company is part of India’s event and exhibition industry, which was valued at $3,674.95 million in 2022. It provides a comprehensive range of products and services for exhibits, conferences, and events, particularly to B2B clients with significant profit margins. It provides infrastructure for media-integrated B2B, B2C, and hybrid events. The company’s clients include several state governments as well as clients from a wide range of domestic and international entities. It has served hospitality, food and beverage
Exhicon Events Media Solutions IPO Date & Price Band Details
| IPO Date | March 31, 2023 to April 5, 2023 |
| Listing Date | April 17, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹61 to ₹64 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,300,000 shares (aggregating up to ₹21.12 Cr) |
| Fresh Issue | 3,300,000 shares (aggregating up to ₹21.12 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 330,000 shares |
Exhicon Events Media Solutions IPO Market Lot
The minimum requirement for investors to bid is 2000 shares, and they can bid in multiples of this amount. The table below illustrates the minimum and maximum investment for both retail investors and high net worth individuals (HNI) in terms of shares and monetary value.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹128,000 |
| Retail (Max) | 1 | 2000 | ₹128,000 |
| HNI (Min) | 2 | 4,000 | ₹256,000 |
Exhicon Events Media Solutions IPO Allotment and Listing Dates
Exhicon Events IPO opens on March 31, 2023, and closes on April 5, 2023.
| IPO Open Date | Friday, March 31, 2023 |
| IPO Close Date | Wednesday, April 5, 2023 |
| Basis of Allotment | Tuesday, April 11, 2023 |
| Initiation of Refunds | Wednesday, April 12, 2023 |
| Credit of Shares to Demat | Thursday, April 13, 2023 |
| Listing Date | Monday, April 17, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 5, 2023 |
Exhicon Events Media Solutions Company Financials
| Particulars | 6 months ending in September 30,2022 (₹ lakh) | Year ending on March 31, 2022 (₹ lakh) | Year ending on March 31, 2021 (₹ lakh) |
| Revenue from Operations | 2,931. 08 | 4,635.11 | 946.82 |
| Profit After Tax (PAT) | 470.37 | 428,38 | 11.73 |
| PAT Margin | 16.05% | 9.24% | 1.24% |
| EBITDA | 689.10 | 642.49 | 42.35 |
| EBITDA % | 23.51% | 13.86% | 4.47% |
| EPS | 4,703.70 | 4,283.80 | 117.30 |
| ROE | 67.65% | 174.23% | 62.21% |
Company Profile
Established in 1997, Exhicon Events Media Solutions Limited is a company that specializes in providing products and services for the exhibition, conferences, and events industry. With a focus on integrated marketing solutions, event infrastructure, and management, Exhicon offers comprehensive solutions for both B2B and B2C fairs and events. In addition to their core offerings, Exhicon also supplies various products such as steel AC structures, octanorm systems, flooring and carpets, modular registration setups, furniture and general lighting, sound, light, and video equipment, branding and signage solutions,
CCTV and hardware setups. They also maintain modular stocks of outdoor and indoor event venue constructs across 5 cities in India. As part of their business operations, Exhicon has established subsidiaries, one of which is Copo Digital Services (India) Private Limited. Copo Digital specializes in technology consulting, development, and support services, further enhancing Exhicon’s capabilities in delivering top-notch solutions to their clients.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +91 22 4918 6270 |
| Email ID | exhiconevents.ipo@linkintime.co.in |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
Contact Details
| Name | Exhicon Events Media Solutions Limited |
| Phone number | +91 80975 38188 |
| Email ID | cs@exhiconevents.in |
| Website | https://exhicongroup.com/ |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
