Party Cruisers IPO Details

Party Cruisers IPOParty 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)

  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

Registrar of Party Cruisers IPO

KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
 +91 40 2343 1551
Email: [email protected]

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


Subscription (no. of times)

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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]

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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