The shares of Mach Conferences and Events listed on the BSE SME platform with a premium of 33.3% on Wednesday. The stock debuted at Rs 300 as against an issue price of Rs 225.Ahead of the listing, the company's shares traded with a GMP of nearly 76% to the issue price.The IPO, which is a combination of fresh equity sale of 22.2 lakh shares and an offer for sale of 33.3 lakh shares, received a healthy response from investors with an overall subscription of 197 times at close.The net proceeds from the public offer will be used for working capital requirements and general corporate purposes.The company provides a comprehensive array of services tailor-made for the MICE (meeting, incentives, conferences, exhibitions) and events sector. Its experience ranges from arranging small corporate events to large global events.The company specializes in conference management, exhibition management, and global event planning. It also manages all logistical aspects of events at specific destinations. This includes venue selection, accommodation arrangements, transportation logistics, local activities, and on-site coordination.It has a team of MICE and events professionals working on the key essence of attention to detail, continuous budget control, and endless creativity to help the client to explore new venues.Mach Conferences offers end-to-end services for corporate meetings, conferences, trade shows, and other gatherings, facilitating seamless planning, execution, and coordination.Its expertise lies in crafting tailored experiences, from conceptualization to logistics, to ensure impactful events that meet our client's objectives."Leveraging innovative design, cost-effective management, and efficient operations, we strive to stay competitive in the dynamic market landscape. Our commitment to customer satisfaction drives us to continuously enhance our capabilities and deliver exceptional results in the MICE industry," the company said in DRHP.For the year ended March 2024, the company clocked total revenues of Rs 237 crore and net profit of Rs 26.18 crore.
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