Party Cruisers IPO

Party Cruisers IPO details and analysis

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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.

Also read: IPO List 2021: a complete list of IPOs in 2021

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.

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.

Basic details about the company

Full nameParty Cruisers Limited
IndustryEvent management

Dates to remember

IPO Open22 February 2021
IPO Close25 February 2021
Basis of Allotment02 March 2021
Refunds date03 March 2021
Credit to Demat Account04 March 2021
 Listing Date05 March 2021

IPO Details

Issue typeFixed-PriceIPO
IPO issue size₹₹7.75 crore
IPO Open date22 February 2021
IPO Close date25 February 2021
Number of shares offered to the public1,520,000 shares
Face value₹10 per equity share
Offer price₹51 per equity share
Retail portion50%
Lot size2000 Nos
Minimum application1 lot – 2000 shares
Minimum application amount₹102,000
Listing ExchangeNSE (NSE Emerge SME platform)

Financial summary

Party Cruisers’ financial performance (in INR crore)
 FY2018FY2019FY2020H1 FY2021
Net income1.481.931.000.23

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

Company Promoters

  • Mr Zuzer Hatim Lucknowala
  • Mrs Rachana Zuzer Lucknowala
Pre Issue Share Holding94.30%
Post Issue Share Holding68.71%

Lead Managers

  • First Overseas Capital Limited

Registrar of Party Cruisers IPO

KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
 +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

DaySubscription (no. of times)
Day 10.12
Day 20.39
Day 30.71
Day 41.24

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

Final thoughts

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.

happy investing

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