Party Cruisers IPO Details
Party Cruisers IPO description – Party Cruisers specializes in Wedding Management and Events Management services ranging from pre-wedding, during wedding and post wedding events like in-house designing, destination wedding event décor etc. Its Event Services range from planning & marketing to production and décor etc.
The company has a team of 30 employees which operate out of its Mumbai office. However, the company has adopted the franchisee model to expand its business across the country. Wedding management currently contribute nearly 75% of the company’s revenues while Event Management accounts for the rest.
Promoters of Party Cruisers – Mr Zuzer Hatim Lucknowala & Mrs Rachana Zuzer Lucknowala
| Party Cruisers IPO details | |
| Subscription Dates | 22 – 25 February 2021 |
| Price Band | INR51 per share |
| Fresh issue | 1,520,000 shares (INR7.75 crore) |
| Offer For Sale | Nil |
| Total IPO size | 1,520,000 shares (INR7.75 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
|
Party Cruisers’ financial performance (in INR crore) |
||||
| Â | FY2018 | FY2019 | FY2020 | H1 FY2021 |
| Revenue | 15.36 | 18.88 | 15.89 | 1.71 |
| Expenses | 13.29 | 16.05 | 14.26 | 1.45 |
| Net income | 1.48 | 1.93 | 1.00 | 0.23 |
| Â | Â | Â | Â | Â |
Registrar of Party Cruisers IPO
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551
Email:Â [email protected]
Website:Â www.kfintech.com
Valuation of Party Cruisers IPO (FY2020)
Earnings Per Share (EPS): INR2.45
Price/Earnings (PE ratio): 20.82
Return on Net Worth (RONW): 10.81%
Net Asset Value (NAV): INR22.70 per share
Party Cruisers IPO Subscription Details
| Day |
Subscription (no. of times) |
| Day 1 |
0.12 |
| Day 2 |
0.39 |
| Day 3 |
0.71 |
| Day 4 |
1.24 |
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
Email: [email protected]
Website: www.partycruisersindia.com
Party Cruisers IPO Allotment Status
Party Cruisers IPO allotment status will be available on available on KFin’s websites, click on any of these links to get allotment status.
Allotment Status Link #1
Allotment Status Link #2
Allotment Status Link #3
Listing Performance of Party Cruisers
IPO Opening Date: 22 February 2021
IPO Closing Date: 25 February 2021
Finalisation of Basis of Allotment: 2 March 2021
Initiation of refunds: 3 March 2021
Transfer of shares to demat accounts: 4 March 2021
Listing Date: 5 March 2021
Opening Price on NSE SME: INR54 per share (up 5.88% from IPO price)
Closing Price on NSE SME: INR51.3 per share (up 0.59% from IPO price)
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