Exhicon Events Media IPO subscription is opening up on 31st March 2023 till 5th April 2023. According to the prospectus, the IPO consists of a total of 3,300,000 shares complete fresh issue. The Equity Shares have a face value of Rs 10 each. The retail allocation is not less than 35% of the total size.
Exhicon Events Media Solutions IPO – The Company Business Description
Incorporated on September 26, 2010, Exhicon Events Media Solutions provides a full range of products and services for the Exhibitions, Conferences, and Events industry.
The company offers solutions in different segments including Media to Integrated Marketing Solutions, Temporary to Permanent Event Infrastructure, and Management to Organizing.
Exhicon Events Media Solutions established itself as an End to End Services provider for the Exhibition and Event Industry. The company deals with clients including various state Governments, domestic associations, and international clients.
The company supplies large-span steel AC structures, octanorm systems, flooring and carpets, modular registration setup, furniture, and general lighting, sound light and video, branding & signage’ CCTV, and hardware setup. It also offers huge modular stocks of outdoor and indoor event venue construct spread over 5 cities of India.
Exhicon Events Media Solutions operates with three subsidiaries such as Copo Digital Services (India) Private Limited, Digiglobe Advertising Private Limited, and Worldwide Exhibitions Agency Asia Limited, Hong Kong.
Exhicon Events Media Solutions Limited Founders and Leadership team
Mr. Mohammad Quaim Syed is the Promoter Chairman &Managing Director of the Company. He is also the Founder of the Imamia Chamber of Commerce and Industry, Managing Director of Worldwide Exhibitions Agency Asia Limited- Hong Kong, and Editor in Chief of Trade Fair Times.
Ms. Padma Mishra is the Promoter cum Whole Time Director of the company. She holds a degree in Event Trade fairs and Events experts from Lucknow University. She has over 20 years of experience in business collaborations & Joint Ventures, International Exhibitions Organizer, Large Scale Industrial Global Expo.
Exhicon Events Media Solutions Limited Revenue and Profit
Exhicon Events Media Solutions has provided a financial statement for the last two fiscal years. The total revenue of the company has increased from Rs. 949.12 lakhs in FY2021 to Rs 4,651.08 lakh in FY2022.
For the Period ended September 30, 2022, the company registered total revenue of Rs. 2,931.08 lakhs. The profit after tax reached Rs. 470.37 lakhs on September 30, 2022, from Rs. 11.73 lakhs in FY 2021.
Exhicon Events Media Solutions IPO Review : Financial Snapshot
| All amounts in INR Lakhs (Year ended March 31) | FY 2021 | FY 2022 | Half Year By Sept, 2022 |
| Revenue Operation | 946.82 | 4,635.11 | 2,931.08 |
| Total Income | 949.12 | 4,651.08 | 2,931.08 |
| Profit for the period | 11.73 | 428.38 | 470.37 |
| Net Cash from Operating Activities | 105.16 | 732.17 | 183.05 |
| Return on Net Worth (%) | 37.04 | 93.11 | 50.55 |
| Net Worth | 31.67 | 460.08 | 930.45 |
| Total Assets | 788.06 | 1,747.60 | 2,168.42 |
| Total Borrowing | 164.19 | 105.98 | 139.03 |
| Net Asset Value per Equity share | 316.70 | 4,600.80 | 9,304.50 |
Objective Behind the Exhicon Events Media Solutions IPO
- To meet the working capital requirements, the company will use Rs 500 lakh.
- The company will utilize Rs 1,020.78 lakh to acquire exhibition material for the company.
- The rest will be used for General corporate purposes
Exhicon Events Media Solutions IPO: Do you invest?
- The company is engaged in the service sector mainly in event management-related services.
- The revenue of the company has increased strongly over the last two years.
- However, there is a low entry barrier in this industry and hence the other players can easily enter this segment and take out the profit.
- I would not advise retail investors to invest in this Exhicon Events Media Solutions SME IPO.
Exhicon Events Media IPO Details
| Exhicon Events Media Solutions IPO Details | IPO Date, Price and other details |
| IPO Date | Mar 31, 2023 to Apr 5, 2023 |
| IPO Price | ₹61 to ₹64 per share |
| IPO Allotment date | Apr 11, 2023 |
| Refunds Initiation date | Apr 12, 2023 |
| Credit of Shares to Demat Account | Apr 13, 2023 |
| IPO Listing Date | Apr 17, 2023 |
| Offer for Sale | Nil |
| Fresh Issue | 3,300,000 Equity Shares |
| IPO Issue Size (Fresh Issue) | 3,300,000 Equity shares (aggregating up to ₹- Cr) |
| Minimum bid (lot size) For retail investor | 1 lot of 2000 shares Investment of ₹128,000 |
| Maximum bid (lot size) For retail investor | 1 lot of 2000 shares Investment of ₹128,000 |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| Minimum bid (lot size) HNI investor | 2 lot of 2000 shares (4000) Investment of ₹256,000 |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| Face Value | INR 10 per share |
| Listing on | BSE SME |
| Promoters | Mr. Mohammad Quaim Syed and Ms. Padma Mishra are the Promoter |
Exhicon Events Media Solutions IPO: Lead Managers and Contact
| Contact Details | Exhicon Events Media Solutions IPO Lead Managers |
| Exhicon Events Media Solutions Limited 103, Crystal Paradise, DS Road, off Veera Desai Road, Andheri (W) Mumbai City – 400053 Phone: +91- 8097538188 Email: cs@exhiconevents.in Website: https://exhicongroup.com/ | Share India Capital Services Pvt. Ltd. Address: A-15, Sector-64, Noida – 201301, UP, India Tel No.: +91-0120-4910000 Email: info@shareindia.com |
Exhicon Events Media Solutions SME IPO Allotment Status
Exhicon Events Media Solutions SME IPO Allotment status will be available on Link Intime India Private Limited To know your allotment status, get ready with your PAN number and click on this link. You may also reach out to Phone: 011-40450193-197, Facsimile: 011-26812683 Email: ipo@skylinerta.com;
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