E Factor Experiences Ltd IPO Timeline

E Factor Experiences Ltd IPO opens on 27-Sep-2023, and closes on 03-Oct-2023. The E Factor Experiences Ltd IPO bid date is from 27-Sep-2023 to 03-Oct-2023. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
E Factor Experiences Ltd IPO Opening Date 27-Sep-2023
E Factor Experiences Ltd IPO Closing Date 03-Oct-2023
Basis of Allotment 06-Oct-2023
Initiation of Refunds 09-Oct-2023
Credit of Shares to Demat 10-Oct-2023
E Factor Experiences Ltd IPO Listing Date 09-Oct-2023

E Factor Experiences Ltd IPO Lot Size

E Factor Experiences Ltd IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or 120000).

Application Lots Shares Amount
Minimum 1 1600 ₹120000
Maximum 1 1600 ₹120000

E Factor Experiences Ltd IPO Details

E Factor Experiences Ltd IPO Date 27-Sep-2023 to 03-Oct-2023
E Factor Experiences Ltd IPO Face Value Shares of ₹10 per share
E Factor Experiences Ltd IPO Price ₹71 to ₹75 per share
E Factor Experiences Ltd IPO Lot Size 1600
Issue Size Shares of ₹10 (aggregating up to ₹25.92 Cr)
Fresh Issue Shares of ₹10 (aggregating up to ₹25.92 Cr)
Offer for Sale -
Issue Type Book Building - SME
Listing At NSE - SME
QIB Shares Offered -
Retail Shares Offered -
NII (HNI) Shares Offered -
Company Promoters Jai Thakore, Samit Garg, Aruna Garg.

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 1 Investment in Subsidiary
  • 2 To meet Working Capital Requirements
  • 3 Repayment and/or pre-payment in full or part of certain borrowings availed by the company
  • 4 General corporate purposes

Company Financials

E Factor Experiences Ltd Financial Information (Restated)

Period Ended Total Assets Total Revenue Profit After Tax
03-2023 56.93 114.32 6.91
03-2022 48.55 54.84 3.01
03-2021 24.51 8.81 0.96
Amount in ₹ Crore
  • One stop solution to all event needs.
  • Established track record.
  • Established relationship with hospitality & event partners.
  • Established relationship with local City /State government bodies.
  • Experienced promoters and management team.
  • The company is exposed to claims from inadequate performance and defects that may affect the events managed by it and which may have an adverse effect on its business, financial conditions and results of operations.
  • The company is exposed to claims from inadequate performance and defects that may affect the events managed by it and which may have an adverse effect on the company business, financial conditions and results of operations.
  • The outbreak of pandemic or any other disease, causing imposition of restrictions, like lock-downs, quarantines or travel restrictions which is highly uncertain and cannot be predicted may have an adverse effect on its business and operations.
  • The outbreak of pandemic or any other disease, causing imposition of restrictions, like lock-downs, quarantines or travel restrictions which is highly uncertain and cannot be predicted may have an adverse effect on its business and operations.
  • The company business is subject to seasonal fluctuations that may affect its cash flows and business operations.
  • The company's business is subject to occasional/ seasonal fluctuations that may affect its cash flows and business operations.
  • Tender processes and qualification criteria through which new work orders are awarded may be delayed or cancelled, thereby reducing or eliminating the company ability to undertake new project.
  • Tender processes and qualification criteria through which new work orders are awarded may be delayed or cancelled, thereby reducing or eliminating its ability to undertake new project.
  • The company business is dependent on government authorities for a significant proportion of its business and revenue from operation. The loss of any of the company key work order or projects could have a material adverse effect on its business, results of operations, financial condition and cash flows.
  • The company is dependent on government authorities for a significant portion of our business and revenue from operation. The loss of any of its key work order or projects could have a material adverse effect on its business, results of operations, financial condition and cash flows.
  • The Company, its Directors and Promoters are involved in certain legal proceedings. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties and may adversely affect its business and results of operations.
  • The Company, its Directors and Promoters are involved in certain legal proceedings. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect the company business and results of operations.
  • The company operate in limited geographies for a significant portion of its revenue and also depends on limited number of customers for its revenue from operations. Projects in new geographies may not be as profitable as the current major contracts.
  • The company operates in limited geographies for a significant portion of its revenue and also depends on limited number of customers for its revenue from operations. Projects in new geographies may not be as profitable as the current major contracts.
  • The company actual cost in executing a contract may vary from the assumptions underlying its bid substantially. Its may be unable to recover all or some of the additional expenses, which may have an adverse effect on our business, financial condition, results of operations, and prospects.
  • The company actual cost in executing a contract may vary substantially from the assumptions underlying its bid. The company may be unable to recover all or some of the additional expenses, which may have an adverse effect on its business, financial condition, results of operations, and prospects.
  • The company incurred a net loss of Rs. 46.17 lakhs for the period September 30, 2022 on consolidated basis. Any such losses in future could adversely impact its business, financial condition and results of operations.
  • The company operations are subject to risks of mishaps or accidents that could cause damage or loss to life and property and could also result in loss or slowdown in its business.
  • The company propose to utilize part of the Net Proceeds towards the investment in the business of its subsidiary company.
  • The company operations are subject to risks of mishaps or accidents that could cause damage or loss to life and property and could also result in loss or slowdown in its business.
  • Any unexpected increase in the public footfall during certain festivals/holiday period and its inability to cater to the increased number of tourists during these periods may result in negative publicity for the company.
  • Any delays and/or defaults in customer payments could result in increase of working capital investment and/or reduction of the Company's profits, thereby affecting its operation and financial condition.
  • The company Statutory Auditor have included certain qualifications in the CARO report and the auditors of its Subsidiary have included Emphasis of Matters in their Audit Report on financial statements.
  • The company propose to utilize part of the Net Proceeds towards the investment in the business of its subsidiary company.
  • Any delays and/or defaults in customer payments could result in increase of working capital investment and/or reduction of the Company's profits, thereby affecting its operation and financial condition.
  • The company Subsidiary have in the past faced a significant decline in revenue from aviation-based café business which was later discontinued by the said company. Any future losses or discontinuation of such business may have a material impact on its overall results of operations and financial condition.
  • The company subsidiary company has incurred losses in the past. Any operating losses in future incurred by its subsidiary or associate company could adversely impact our consolidated financial condition and results of operations.
  • The company Statutory Auditor have included certain qualifications in the CARO report and the auditors of its Subsidiary have included Emphasis of Matters in their Audit Report on financial statements.
  • The company Subsidiary have in the past faced a significant decline in revenue from aviation based cafe business which was later discontinued by the said company. Any future losses or discontinuation of such business may have a material impact on its overall results of operations and financial condition.
  • Some of its properties used by the Company for the purposes of its operations are not owned by it. Any termination of the relevant lease or leave and license agreements in connection with such properties or its failure to renew the same could adversely affect the company operations.
  • The company insurance policies provide limited coverage and may not adequately insure it against certain operating hazards which may have an adverse effect on the company business.
  • The company subsidiary company has incurred losses in the past. Any operating losses in future incurred by its subsidiary or associate company could adversely impact its consolidated financial condition and results of operations.
  • Some of its properties used by the Company for the purposes of its operations are not owned by it. Any termination of the relevant lease or leave and license agreements in connection with such properties or its failure to renew the same could adversely affect its operations.
  • The company depends on skilled and creative personnel and if its are unable to recruit and retain skilled personnel, the company ability to operate or grow its business could be affected.
  • The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.
  • The company insurance policies provide limited coverage and may not adequately insure its against certain operating hazards which may have an adverse effect on its business.
  • The company depend on skilled and creative personnel and if its unable to recruit and retain skilled personnel, the company ability to operate or grow its business could be affected.
  • The company's business is dependent on third party vendors for activities related to the event like décor & production, lighting, and other equipment, other services & facilities etc. Non-availability of such vendor may adversely affect its business and results of operations.
  • The company require certain approvals or licenses in the ordinary course of business and the failure to renew, obtain or retain them in a timely manner, or at all, may adversely affect its operations.
  • The company has not received NOC from its lender for undertaking the initial public offer of equity shares.
  • The company do not make any provisions for decline in the value of investments made by the Company. Any continuous decline in the value of investments made by the company may impact its financial results and condition.
  • The company do not make any provisions for decline in the value of investments made by the Company. Any continuous decline in the value of investments made by the company may impact its financial results and condition.
  • The company had certain inaccuracy in relation to regulatory filings to be made with the RoC and the company has made noncompliances of certain provision under applicable law.
  • The company has had certain inaccuracy in relation to regulatory filings to be made with the RoC and the company has made noncompliances of certain provision under applicable law.
  • If the company is unable to manage its growth effectively or if the company estimates or assumptions used in developing its strategic plan are inaccurate or its unable to execute its strategic plan effectively, the company business and prospects may be materially and adversely affected.
  • If the company is unable to manage its growth effectively or if its estimates or assumptions used in developing the company strategic plan are inaccurate or its unable to execute the company strategic plan effectively, its business and prospects may be materially and adversely affected.
  • Any infringement of its corporate logo, brand name and other logo or failure to get it registered may adversely affect its business. Further, any kind of negative publicity or misuse of our brand name and the company logo could hamper its brand building efforts and its future growth strategy could be adversely affected.
  • Any infringement of its corporate logo, brand name and other logo or failure to get it registered may adversely affect its business. Further, any kind of negative publicity or misuse of its brand name and the company logo could hamper its brand building efforts and its future growth strategy could be adversely affected.
  • The company operations are subject to high working capital requirements. Its inability to maintain an optimal level of working capital required for the company business may impact its operations adversely.
  • The company operations are subject to high working capital requirements. Its inability to maintain an optimal level of working capital required for its business may impact the company operations adversely.
  • Fluctuations in the exchange rate of foreign currencies could result in currency transactions losses.
  • Fluctuations in the exchange rate of foreign currencies could result in currency transactions losses.
  • Any negative publicity of its service quality may cause the Company substantial costs which in turn could adversely affect its goodwill and the company sales could be diminished.
  • Any negative publicity of our service quality may cause the Company substantial costs which in turn could adversely affect its goodwill and the company sales could be affected.
  • The company lenders have charge over its immovable and movable properties in respect of finance availed by it.
  • The average cost of acquisition of Equity Shares by its Promoters, may be lower than the price determined at time of filing the Prospectus.
  • Competition in the event industry could result in a reduction in its market share or require it to incur substantial expenditures on marketing, which could adversely affect its business, results of operations and financial conditions.
  • The average cost of acquisition of Equity Shares by its Promoters, could be lower than the issue price.
  • Competition in the event industry could result in a reduction in its market share or require it to incur substantial expenditures on marketing, which could adversely affect the company business, results of operations and financial conditions.
  • The company inability to meet its obligations, including financial and other covenants under its debt financing arrangements could adversely affect its business and results of operations.
  • The company is dependent on a number of key personnel, including its senior management, and the loss of, or its inability to attract or retain such persons could adversely affect its business, results of operations and financial condition.
  • The company inability to meet its obligations, including financial and other covenants under the company debt financing arrangements could adversely affect its business and results of operations.
  • The company is dependent on a number of key personnel, including its senior management, and the loss of, or the company inability to attract or retain such persons could adversely affect its business, results of operations and financial condition.
  • The company has had negative net cash flows in the past and may continue to have negative cash flows in the future.
  • The company in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.
  • The company had a negative net cash flows in the past and may continue to have negative cash flows in the future.
  • The company have certain contingent liabilities that have not been provided for in its financial statements, which, if they materialize, may adversely affect its financial condition.
  • The company has certain contingent liabilities that have not been provided for in its financial statements, which, if they materialize, may adversely affect its financial condition.
  • The Company has issued Equity Shares in the last 12 months at a price which may be lower than the Issue Price.
  • The Company has issued Equity Shares in the last 12 months at a price which may be lower than the Issue Price.
  • The company have taken certain unsecured loans which can be recalled by the lenders at any time.
  • The company have taken certain unsecured loans which can be recalled by the lenders at any time.
  • The company ability to pay dividends in the future will depend on its earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of its financing arrangements.
  • The company ability to pay dividends in the future will depends on its earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of its financing arrangements.
  • The company will continue to be controlled by its Promoters after the completion of the Issue.
  • The company will continue to be controlled by its Promoters after the completion of the Issue.
  • The company Promoter and Promoter Group members has provided personal guarantees for loans availed by the Company. Its business, financial condition, results of operations and cash flows may be adversely affected by the invocation of all or any personal guarantees provided by its Promoter and Promoter Group members.
  • The company Promoters and Promoter Group members has provided personal guarantees for loans availed by the Company. Its business, financial condition, results of operations and cash flows may be adversely affected by the invocation of all or any personal guarantees provided by its Promoter and Promoter Group members.
  • Any Penalty or demand raise by statutory authorities in future will affect its financial position of the Company.
  • Any Penalty or demand raise by statutory authorities in future will affect its financial position of the Company.
  • The company Promoters were director/designated partner of a company/LLP which has either been struck off or remained defunct.
  • The company Promoters were director/ designated partner of a company/ LLP which has either been struck off or remained defunct.
  • The company has not identified any alternate source of funding and hence any failure or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
  • The company has not identified any alternate source of funding and hence any failure or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
  • Certain key performance indicators for certain listed industry peers included in this Draft Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
  • Certain key performance indicators for certain listed industry peers included in this Draft Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
  • The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence its profitability adversely.
  • The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence its profitability adversely.
  • There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
  • There is no monitoring agency appointed by its Company to monitor the utilization of the Issue proceeds.
  • Any future issuance of Equity Shares, or convertible securities or other equity linked securities by it and any sale of Equity Shares by our significant shareholders may dilute your shareholding and adversely affect the trading price of the Equity Shares.
  • Any future issuance of Equity Shares, or convertible securities or other equity linked securities by it and any sale of Equity Shares by its significant shareholders may dilute your shareholding and adversely affect the trading price of the Equity Shares.
  • The Issue price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
  • The Issue price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
  • The company has not independently verified certain data in this Draft Red Herring Prospectus.
  • The company has not independently verified certain data in this Draft Prospectus.
  • Investors other than retail (including non-institutional investors, QIBs and Corporate Bodies) are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Amount) at any stage after submitting an application.
  • Increase its asset base in the event management business.
  • Widening its customer base geographically and demographically.
  • Reduction of operational costs and achieving efficiency.

E Factor Experiences Ltd IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.60%

E Factor Experiences Ltd IPO Subscription Status (Bidding Detail)

The E Factor Experiences Ltd IPO is subscribed - times on Oct 03, 2023 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)

Category QIB NII Retail Employee Total
Subscription (times) - - - - -

E Factor Experiences Ltd IPO Prospectus

E Factor Experiences Ltd IPO Listing Date

Listing Date 09 Oct 23
BSE Script 78925
NSE Symbol EFACTOR
Listing In NSE - SME
ISIN INE0KFF01017
IPO Price ₹75
Face Value ₹10

E Factor Experiences Ltd IPO Registrar

Maashitla Securities Pvt Ltd

Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: www.maashitla.com

E Factor Experiences Ltd IPO Lead Manager(s)

  1. Hem Securities Ltd

FAQs on E Factor Experiences Ltd IPO

E Factor Experiences Ltd IPO, which opens for subscription from 27-Sep-2023 to 03-Oct-2023 has an issue size of ₹25.92 crore. The issue type is book building issue.

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for E Factor Experiences Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

E Factor Experiences Ltd IPO Opens for subscription from 27-Sep-2023 to 03-Oct-2023.

The lot size of E Factor Experiences Ltd is 1600 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹120000 and ₹120000 respectively.

Allotment date for E Factor Experiences Ltd is 06-Oct-2023 and refund of application amount (in case allotment is not received) will begin from 09-Oct-2023. If your allotment goes through, then shares will be credited in your Demat account by 10-Oct-2023.

The registrar for E Factor Experiences Ltd IPO is Maashitla Securities Pvt Ltd. You can check your IPO allotment status on the registrar's website.

The shares of E Factor Experiences Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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