Incorporated in 1997, Exhicon Events Media Solutions Limited provides products and services for the exhibition, conferences, and events industry.
The company offers media to integrated marketing solutions, event infrastructure, and management to organizing solutions to B2B and B2C fairs and events.
Exhicon also supplies steel AC structures, octanorm systems, flooring and carpets, modular registration setup, furniture and general lighting, sound light and video, branding & signage’s’ CCTV and hardware setup, modular stocks of outdoor and indoor event venue construct spread over 5 cities of India.
The company has following subsidiaries:
Copo Digital Services (India) Private Limited: Copo Digital provides technology consulting, development, and support services.
Digiglobe Advertising Private Limited: Digiglobe offers online media and advertising services.
Worldwide Exhibitions Agency Asia Limited, Hong Kong: Worldwide Exhibitions Agency Asia provides sales and marketing solutions for exhibition organizers across the globe.
Exhicon Events Media Solutions’ client list includes state Governments, and domestic associations as well as international clients in Hospitality, F&B, Non-Chemical FMCG, International Trading, and Healthcare industries.
Exhicon Events IPO Details
| IPO Date | Mar 31, 2023 to Apr 5, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹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 |
Exhicon Events IPO Reservation
| QIB Shares Offered | 1,484,000 (49.97%) |
| NII (HNI) Shares Offered | 446,000 (15.02%) |
| Retail Shares Offered | 1,040,000 (35.02%) |
| Market Maker portion | 330,000 shares (SHARE INDIA SECURITIES LIMITED) |
| Total Shares Offered | 2,970,000 |
Exhicon Events IPO Tentative Timetable
Exhicon Events IPO opens on Mar 31, 2023, and closes on Apr 5, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 31, 2023 |
| Closing Date | Apr 5, 2023 |
| Basis of Allotment | Apr 11, 2023 |
| Initiation of Refunds | Apr 12, 2023 |
| Credit of Shares to Demat | Apr 13, 2023 |
| Listing Date | Apr 17, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Exhicon Events IPO Lot Size
The Exhicon Events IPO lot size is 2000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹128,000 |
| Retail (Max) | 1 | 2000 | ₹128,000 |
| HNI (Min) | 2 | 4,000 | ₹256,000 |
| Lot Size Calculator |
Exhicon Events IPO Promoter Holding
Mr. Mohammad Quaim Syed and Ms. Padma Mishra are the company promoters.
| Pre Issue Share Holding | 86.20% |
| Post Issue Share Holding | 62.25% |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 788.06 | 949.12 | 11.73 | 31.67 | 30.67 | 164.19 |
| 31-Mar-22 | 1,747.60 | 4,651.08 | 428.38 | 460.08 | 459.08 | 105.98 |
| 30-Sep-22 | 2,168.42 | 2,931.08 | 470.37 | 930.45 | 929.45 | 139.03 |
| Amount in ₹ Lakhs |
Objects of the Issue
The proceeds from the issue will be used for the following objects:
1) Working capital gap and general corporate expenses.
2) Acquisition of exhibition material.
3) Issue expenses.
Exhicon Events IPO Review (May apply)
[Dilip Davda] The company is engaged in providing exhibition/marketing and media-related services with long-term contracts. It is focusing largely on a B2B model that carries higher margins. Based on FY23 annualized earnings, the issue is lucratively priced. It is a first mover in the segment and may fetch a fancy post listing. Well-informed investors may consider parking of funds for the medium to long term. Read detail review…
Exhicon Events IPO Subscription Status (Bidding Detail)
The Exhicon Events IPO is subscribed 0.59 times on Mar 31, 2023 7:02:00 PM. The public issue subscribed 0.59 times in the retail category, 0.21 times in the QIB category, and 1.86 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.21 |
| NII | 1.86 |
| Retail | 0.59 |
| Total | 0.59 |
Total Application : 321 (0.61 times)
Exhicon Events IPO Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 11.68 |
| Market Cap (₹ Cr.) | 76 |
| ROE | 67.65% |
| ROCE | 144.58% |
Exhicon Events IPO Prospectus
Company Contact Information
Exhicon Events Media Solutions Limited
103, Crystal Paradise,
DS Road, off Veera Desai Road,
Andheri (W) Mumbai City – 400053
Phone: +91- 8097538188
Email: cs@exhiconevents.in
Website: https://exhicongroup.com/
Exhicon Events IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: exhiconevents.ipo@linkintime.co.in
Website: https://linkintime.co.in/