Party Cruisers IPO is going to open for subscription on 22 February 2021. the company aims for an issue size of ₹7.75 Crore through this fixed price SME IPO.
Party Cruisers Limited
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 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.
Objective of the Issue
- To expand business through strategic investment.
- To meet additional working capital requirements.
- For general corporate purposes.
- To meet issue expenditures.
- 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.
Basic details about the company
|Full name||Party Cruisers Limited|
Dates to remember
|IPO Open||22 February 2021|
|IPO Close||25 February 2021|
|Basis of Allotment||02 March 2021|
|Refunds date||03 March 2021|
|Credit to Demat Account||04 March 2021|
|Listing Date||05 March 2021|
|IPO issue size||₹₹7.75 crore|
|IPO Open date||22 February 2021|
|IPO Close date||25 February 2021|
|Number of shares offered to the public||1,520,000 shares|
|Face value||₹10 per equity share|
|Offer price||₹51 per equity share|
|Lot size||2000 Nos|
|Minimum application||1 lot – 2000 shares|
|Minimum application amount||₹102,000|
|Listing Exchange||NSE (NSE Emerge SME platform)|
|Party Cruisers’ financial performance (in INR crore)|
Valuation of Party Cruisers IPO (FY2020)
|Earnings Per Share (EPS)||₹ 2.45|
|Price/Earnings (PE ratio)||20.82|
|Return on Net Worth (RONW)||10.81%|
|Net Asset Value (NAV)||₹ 22.70 per share|
- Mr Zuzer Hatim Lucknowala
- Mrs Rachana Zuzer Lucknowala
|Pre Issue Share Holding||94.30%|
|Post Issue Share Holding||68.71%|
- First Overseas Capital Limited
Registrar of Party Cruisers IPO
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Party Cruisers Contact Details
Party Cruisers Limited
303/304/305, Simran Plaza, Khar
4th Road, Next to Regal Enclave Hotel,
Khar (West), Mumbai – 400 052
Phone: +91 22 49739352
Party Cruisers IPO Subscription Details
|Day||Subscription (no. of times)|
Party Cruisers IPO Allotment Status
Party Cruisers IPO allotment status will be available on KFin’s websites, click on any of these links to get allotment status.
Allotment Status Link #1
Party Cruisers IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.