Mach Conferences and Events Limited Soars 33% in BSE SME Debut

Mach Conferences and Events Limited made an impressive debut on the BSE SME platform with its shares opening at Rs 300, a 33.33% premium over its IPO price of Rs 225. The IPO, which saw a robust subscription of 196.70 times, reflects strong investor confidence.

PNN Mumbai (Maharashtra) [India], September 12: The shares of Mach Conferences and Events Limited made a triumphant start on the BSE SME platform, commencing at Rs 300 per share, a remarkable 33.33 percent premium over the initial public offering (IPO) price of Rs 225.

The IPO, offered in the price range of Rs214 to Rs225 per equity share, had an aggregate issue size of Rs125.28 crores. It featured a new issue of 22,29,000 equity shares and a sale offer of 33,39,000 shares, each bearing a face value of Rs10. Receiving a strong response from the investor community, the IPO achieved a subscription rate of 196.70 times, raising Rs16,330.95 crores. The debut at Rs300 underscores substantial investor interest and confidence in the firm's prospects, signifying a successful entry into the public market for Mach Conferences and Events Limited.

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(With inputs from agencies.)