E Factor Experiences IPO is a book built issue of Rs 25.92 crores. The issue is entirely a fresh issue of 34.56 lakh shares.
E Factor Experiences IPO bidding started from September 27, 2023 and ended on October 3, 2023. The allotment for E Factor Experiences IPO was finalized on Friday, October 6, 2023. The shares got listed on NSE SME on October 9, 2023.
E Factor Experiences IPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹240,000.
Hem Securities Limited is the book running lead manager of the E Factor Experiences IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for E Factor Experiences IPO is Hem Finlease.
Refer to E Factor Experiences IPO RHP for detailed information.
E Factor Experiences IPO Details
| IPO Date | September 27, 2023 to October 3, 2023 |
| Listing Date | October 9, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,456,000 shares (aggregating up to ₹25.92 Cr) |
| Fresh Issue | 3,456,000 shares (aggregating up to ₹25.92 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,632,098 |
| Share holding post issue | 13,088,098 |
| Market Maker portion | 174,400 shares Hem Finlease |
E Factor Experiences IPO Reservation
E Factor Experiences IPO a total of 3,456,000 shares are offered. QIB: 656,000 (18.98%), NII: 492,800 (14.26%), RII: 1,148,800 (33.24%).
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 984,000 (28.47%) |
| Market Maker Shares Offered | 174,400 (5.05%) |
| QIB Shares Offered | 656,000 (18.98%) |
| NII (HNI) Shares Offered | 492,800 (14.26%) |
| Retail Shares Offered | 1,148,800 (33.24%) |
| Total Shares Offered | 3,456,000 (100%) |
E Factor Experiences IPO Anchor Investors Details
E Factor Experiences IPO raises Rs 7.38 crore from anchor investors. E Factor Experiences IPO Anchor bid date is September 26, 2023. E Factor Experiences IPO Anchor Investors list
| Bid Date | September 26, 2023 |
| Shares Offered | 984,000 |
| Anchor Portion Size (In Cr.) | 7.38 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 21, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 15, 2024 |
E Factor Experiences IPO Timeline (Tentative Schedule)
E Factor Experiences IPO opens on September 27, 2023, and closes on October 3, 2023.
| IPO Open Date | Wednesday, September 27, 2023 |
| IPO Close Date | Tuesday, October 3, 2023 |
| Basis of Allotment | Friday, October 6, 2023 |
| Initiation of Refunds | Saturday, October 7, 2023 |
| Credit of Shares to Demat | Sunday, October 8, 2023 |
| Listing Date | Monday, October 9, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 3, 2023 |
E Factor Experiences IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
| Lot Size Calculator |
E Factor Experiences IPO Promoter Holding
Jai Thakore, Samit Garg, Aruna Garg and Manika Garg are the company promoters.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.59% |
About E Factor Experiences Limited
Incorporated in 2003, E Factor Experiences Limited is an Indian event management company.
The company is engaged in providing event experiences, event services, technology-based permanent & semi-permanent multimedia light & sound installations and specialized turnkey event assignments, wedding management, and private and social event solutions.
E Factor Experiences Limited’s portfolio of services includes turnkey assignments in the form of Government Tourism Events and Festivals, techno-cultural light & sound shows, Sporting Events and Contests, Conferences, Mega Ground Concerts, Televised Events, private and social events like wedding and anniversary celebrations, etc.
E Factor Experiences offices in Delhi, Noida, Jaipur, and Odisha. The company has a team of 32 employees.
The company has managed events like Eco Retreat, Odisha, DotFest, Bhubaneswar, Laser Show & Fireworks at Deepotsav, Kashi Balloon & Boat Race, Baba Saheb – The Grand Musical Show on life & teaching of Baba Saheb Ambedkar and many more.
E Factor Experiences entered into a permanent and sustained business with its experiential tourism brand, “Sky Waltz” owned by the Subsidiary company namely E-Factor Adventure Tourism Private Limited. Skywaltz is engaged in the business of managing and operating hot air ballooning and yachting activities in multiple locations in India and has been a government-approved commercial hot air balloon operator for the last 12 years.
The company also has acquired a 46.33% stake in Untamed Leisure and Hospitality Private Limited (formerly known as E Factor Leisure and Hospitality Private Limited) making this company the Associate company, which is engaged in the business of event management and hospitality services and other related activities of leisure and entertainment.
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 2,581.94 | 4,916.87 | 5,674.80 |
| Revenue | 990.56 | 5,700.24 | 11,945.21 |
| Profit After Tax | 123.39 | 255.73 | 761.35 |
| Net Worth | 96.96 | 351.85 | 1,101.67 |
| Reserves and Surplus | -247.04 | 5.36 | 138.46 |
| Total Borrowing | 683.23 | 590.95 | 912.74 |
Amount in ₹ Lakhs
Key Performance Indicator
E Factor Experiences IPO Market Cap is Rs 98.16 Cr and P/E (x) is 9.59.
| KPI | Values |
|---|---|
| P/E (x) | 9.59 |
| Post P/E (x) | 12.89 |
| Market Cap (₹ Cr.) | 98.16 |
| ROE | 103.79% |
| ROCE | 54.85% |
| Debt/Equity | 0.83 |
| EPS (Rs) | 7.82 |
| RoNW | 68.35% |
Check E Factor Experiences IPO Peer Comparison here.
Objects of the Issue (E Factor Experiences IPO Objectives)
The company intends to utilize the proceeds of the Issue to meet the following objectives:
1. Investment in Subsidiary.
2. To meet Working Capital requirements.
3. Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company.
4. General Corporate Purpose.
E Factor Experiences IPO Review (May apply)
[Dilip Davda] The company is engaged in event management-related services including tourism, concerts, etc., and is operating in a highly competitive and fragmented segment. It posted a galloping performance for the last three fiscals. Based on FY23 earnings, the issue appears fully priced. Well-informed investors may park funds for medium to long-term rewards. Read detail review…
E Factor Experiences IPO Subscription Status (Bidding Detail)
The E Factor Experiences IPO is subscribed 73.14 times on Oct 3, 2023 7:30:00 PM. The public issue subscribed 47.78 times in the retail category, 46.09 times in the QIB category, and 168.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 46.09 |
| NII | 168.26 |
| Retail | 47.78 |
| Total | 73.14 |
Total Application : 34,303 (47.78 times)
E Factor Experiences IPO Listing Details
| Listing Date | October 9, 2023 |
| BSE Script Code | |
| NSE Symbol | EFACTOR |
| ISIN | INE0KFF01017 |
| Final Issue Price | ₹75 per share |
E Factor Experiences IPO Contact Details
E Factor Experiences Limited
101-A,
Kundan Kutir Hari Nagar Ashram,
New Delhi – 110014, India
Phone: +91-120-3100184
Email: cs@efactorexp.com
Website: http://www.efactor4u.com/
E Factor Experiences IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues