Party Cruisers Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 722,000 (48%) | — | ₹368 Cr |
| Retail | — | 722,000 (48%) | — | ₹368 Cr |
| Market Maker | — | 76,000 (5%) | — | ₹4 Cr |
| Σ Total | — | 1,520,000 (100%) | — | ₹7,752 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹102,000 |
| Retail (Max) | 13 | 26,000 | ₹1,326,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,428,000 |
| B-HNI (Min) | 67 | 134,000 | ₹6,834,000 |
Financial Statements Amount in Lakhs
| Metric | 30-Sep-20 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 171 | 1,589 | 1,888 |
| Profit After Tax | 15 | 130 | 193 |
| Total Assets | 1,169 | 1,228 | 1,194 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Expansion of Business through strategic investment – 3.40
- 2 Additional Working Capital – 3.50
- 3 General Corporate Expenses – 0.30
- 4 To meet the expenses of the Issue – 0.55
Company Overview
Incorporated in 1994, Party Cruisers Limited is specialized in wedding management and event management activities. The company offers a range of event activities from pre-wedding to during wedding and post-wedding activities such as in-house designing, destination wedding decor, etc.
From the initial conception (i.e. pre-event publicity, venue search, booking, transportation) to turnkey production (on-site management, staffing, entertainment, set-up, and designing) and post-event facilities (final material distribution, post-event report, attendance assessment) everything is managed by Party Cruisers to provide an AESTHETIC ambiance and luxury wedding experience to customers. It has two registered brands naming "Vivaah" and "Vows-Away and Beyond" to offer professional wedding services whereas event management facilities are provided under its own-brand "Event Factory" and through franchisee. It also has a brand "Live Space" that specializes in the venue and set construction, designing as well as consulting facilities for weddings.
The company generates 75% of the revenues from wedding management activities and the rest is contributed by event management activities.
Competitive strengths
- Established brand name and strong franchisee model.
- Well-established relationship with suppliers.
- Strong in-house designing capabilities.
- Range of services including wedding and event management.
- Diversified revenue base.
- Experienced team of promoters.