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Party Cruisers Ltd.

Party Cruisers Ltd.

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹51
₹51
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹51
Based on GMP
Min. Investment
₹102,000
1 lot × 2000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
22 Feb 2021
Close Date
25 Feb 2021
Allotment
02 Mar 2021
Listing Date
05 Mar 2021
Exchange
NSE SME
Price Band
₹51
Listing Price
See chart
Allotment Status
Price Band
₹51
Per share
Face Value
₹10 per share
 
Lot Size
2,000 Shares
per lot
Issue Size
15,20,000 shares (aggregating up to ₹7.75 Cr)
Total offering
Issue Type
Fixed Price IPO
 
Min Investment
₹102,000
1 lot
Pre-IPO Holding
40,80,000 shares
Promoters
Post-IPO Holding
56,00,000 shares
Promoters
UPI Deadline
2021-02-25
Mandate
Anchor AllotmentSun, 21 Feb 2021
Basis of AllotmentTue, 02 Mar 2021
Refund InitiationWed, 03 Mar 2021
Demat CreditThu, 04 Mar 2021
Listing DayFri, 05 Mar 2021
UPI Mandate Deadline2021-02-25
Sale TypeFresh Capital
Net Offer to Public14,44,000 shares (aggregating up to ₹7.36 Cr)
Market Maker Quota76,000 shares (aggregating up to ₹0.3876 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Party Cruisers Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 25 Feb 2021.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
76,000
₹0.39
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
1,520,000
100% ₹7.75
IPO Shares Offered
Party Cruisers Ltd. IPO total issue size: ₹7.75 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 76,000 ₹0.39
5.00%
Total 1,520,000 ₹7.75
100.00%
* Based on upper price band ₹51 per share
Lot Size & Investment
Lot Size
2,000
Shares per Lot
Issue Price
₹51.00
Upper Band
Min Investment
₹102,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)24,000₹204,000
Retail (Max — 13 Lots)1326,000₹1,326,000
S-HNI (Min — 14 Lots)1428,000₹1,428,000
B-HNI (Min — 68 Lots)68136,000₹6,936,000
* Issue Price ₹51 × Lot Size 2,000 shares
IPO Schedule
Anchor
21 Feb 2021
✓ Done
IPO Open
22 Feb 2021
✓ Done
IPO Close
25 Feb 2021
✓ Done
Allotment
02 Mar 2021
✓ Done
Refunds
03 Mar 2021
✓ Done
Demat Credit
04 Mar 2021
✓ Done
Listing Day
05 Mar 2021
✓ Done
Party Cruisers Ltd. — Live Price LIVE
₹51.00
INR · NSE
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Issue ₹51.00 Live Price
About Party Cruisers Ltd.
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 the 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.Competitive strengthsEstablished 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.
Objects of the Issue
1
1 Expansion of Business through strategic investment
2
2 Additional Working Capital
3
3 General Corporate Expenses
4
4 To meet the expenses of the Issue
Party Cruisers Ltd. Financials (Amount in Lakhs)
Revenue from Operations
₹1,888.2
31-Mar-19
₹1,588.6
31-Mar-20
₹171.5
30-Sep-20
Profit After Tax (PAT)
₹193.5
31-Mar-19
₹130.2
31-Mar-20
₹14.8
30-Sep-20
Particulars30-Sep-2031-Mar-2031-Mar-19
Revenue from Operations 171.49 1588.58 1888.17
EBITDA N/A N/A N/A
Profit After Tax (PAT) 14.84 130.15 193.47
Net Worth N/A N/A N/A
Total Assets 1169.44 1227.70 1194.35
Reserves & Surplus N/A N/A N/A
Borrowings N/A N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) N/A
Issue Structure & Shareholding
Total Shares Offered15,20,000 (100.00%)
Net Offer to Public14,44,000 shares (aggregating up to ₹7.36 Cr)
Reserved for Market Maker76,000 shares (aggregating up to ₹0.3876 Cr)
Pre-Issue Promoter Holding40,80,000 shares
Post-Issue Promoter Holding56,00,000 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
First Overseas Capital Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Party Cruisers Ltd. IPO subscribed?

Party Cruisers Ltd. IPO is subscribed 1.00 times by Feb 25, 2021. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Party Cruisers Ltd. IPO retail subscription status?

The Party Cruisers Ltd. IPO retail category is subscribed 1.00 times as of 25 Feb 2021. The retail portion is oversubscribed.

How to subscribe Party Cruisers Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 22 Feb 2021 and closes 25 Feb 2021. Min investment: ₹102,000 (1 lot = 2,000 shares). UPI mandate: 2021-02-25.

How many times Party Cruisers Ltd. IPO subscribed?

The Party Cruisers Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Party Cruisers Ltd. IPO allotment?

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 02 Mar 2021. Refunds: on 03 Mar 2021.

When Party Cruisers Ltd. IPO will be listed?

The Party Cruisers Ltd. IPO listing date is 05 Mar 2021, Friday. Listed on: NSE SME. Issue price: ₹51. Estimated listing: ₹51. GMP: NIL.

When Party Cruisers Ltd. IPO close?

The Party Cruisers Ltd. IPO closes on 25 Feb 2021, Thursday. UPI mandate: 2021-02-25. Allotment: 02 Mar 2021. Listing: 05 Mar 2021.