Party Cruisers Limited IPO
BSE SME₹102,000 / 2000 Shares
Party Cruisers Limited IPO Details
The Party Cruisers Limited IPO price band is set between 51/- Per Equity Share, with a face value of ₹10 per share. The issue is managed by KFintech Private Limited, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 22 Feb, 2021 and closes on 25 Feb, 2021. Investors can check the allotment status on 2 Mar, 2021, while the listing date is tentatively scheduled for 5 Mar, 2021.
The total issue size is 1,520,000 Eq Shares of ₹10 , aggregating up to ₹7.75 Cr. Stay tuned for the latest Party Cruisers Limited IPO review and GMP updates.
Party Cruisers Limited IPO Review, Rating & Analysis
Party Cruisers Limited IPO Review
NO REVIEWParty Cruisers Limited IPO Rating
Party Cruisers Limited IPO Highlights
IPO Date
Feb 22, 2021 - Feb 25, 2021
Listing Date
5 Mar, 2021
Face Value
₹10 Per Equity Share
Price Band
51/- Per Equity Share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Party Cruisers Limited IPO Lot Size
The minimum market lot for Party Cruisers Limited IPO is 2000 shares with an application amount of ₹1,02,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,02,000 |
| Retail (Max) | 1 | 2000 | ₹1,02,000 |
| S-HNI (Min) | 2 | 4000 | ₹2,04,000 |
| S-HNI (Max) | 9 | 18000 | ₹9,18,000 |
| B-HNI (Min) | 10 | 20000 | ₹10,20,000 |
Party Cruisers Limited IPO Timeline
Issue Price
51/- Per Equity ShareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
KFintech Private LimitedLead Manager
First Overseas Capital LimitedIssue Size
1,520,000 Eq Shares of ₹10 (aggregating up to ₹7.75 Cr)Party Cruisers Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sept 20 | 11.69 | 1.71 | 0.14 | - | - | - |
| 31 Mar 20 | 12.27 | 15.88 | 1.30 | - | - | - |
| 31 Mar 19 | 11.94 | 18.88 | 1.93 | - | - | - |
| 31 Mar 18 | 10.14 | 15.35 | 1.47 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr. Zuzer Hatim Lucknowala
- Mrs. Rachana Zuzer Lucknowala
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 94.30% | 68.71% |
About Company
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.
Party Cruisers Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 7,22,000 | 7,22,000 | 14,44,000 |
Day 1 -22-02-21 05:00 PM | 0.01 x | 0.19 x | 0.1 x |
Day 2 -23-02-21 05:00 PM | 0.14 x | 0.68 x | 0.41 x |
Day 3 -24-02-21 05:00 PM | 0.25 x | 1.25 x | 0.75 x |
Day 4 -25-02-21 05:00 PM | 0.34 x | 2.26 x | 1.3 x |
Frequently Asked Questions about Party Cruisers Limited IPO IPO
When will Party Cruisers Limited IPO open for subscription?
The Party Cruisers Limited IPO opens on 22 Feb, 2021 and closes on 25 Feb, 2021.
What is the investors portion for Party Cruisers Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 722000.
How to apply for Party Cruisers Limited IPO?
You can apply for Party Cruisers Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Party Cruisers Limited IPO?
The issue size of Party Cruisers Limited IPO is approx ₹1,520,000 Eq Shares of ₹10 (aggregating up to ₹7.75 Cr) crores.
What is the price band of Party Cruisers Limited IPO?
The price band for Party Cruisers Limited IPO is 51/ to ₹ Per Equity Share.
What is the lot size of Party Cruisers Limited IPO?
The minimum bid (lot size) for Party Cruisers Limited IPO is N/A shares with an investment of approx ₹102,000 .
What is the allotment date of Party Cruisers Limited IPO?
The allotment date for Party Cruisers Limited IPO is 2 Mar, 2021.
What is the listing date of Party Cruisers Limited IPO?
The listing date for Party Cruisers Limited IPO is expected to be 5 Mar, 2021.
What is the GMP of Party Cruisers Limited IPO?
The latest Grey Market Premium (GMP) for Party Cruisers Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.