Mach Conferences And Events IPO Subscribed 11.61 Times On Day 2

Introduction

The initial public offering (IPO) of Mach Conferences And Events was subscribed 11.61 times on the second day of the bidding process. The company had fixed a price band of Rs 190-195 per share for the IPO. The issue received bids for 93,97,56,535 shares against the total issue size of 8,08,95,860 shares, as per data available on the National Stock Exchange (NSE) website.

Key Details

The qualified institutional buyers (QIBs) portion was subscribed 3.55 times, while the non-institutional investors (NIIs) portion was subscribed 11.23 times. The retail individual investors (RIIs) portion was subscribed 33.32 times.

The company plans to utilize the net proceeds from the IPO for funding organic and inorganic growth initiatives, repayment of certain borrowings, and general corporate purposes.

Expert Opinion

Analysts have given a mixed response to the IPO. Some believe that the company's strong track record and growth potential make it a good investment opportunity, while others are concerned about the competitive landscape and the company's ability to sustain its growth.

Conclusion

The IPO of Mach Conferences And Events has received a strong response from investors. The company's strong track record and growth potential are likely to be key factors in attracting investors. However, investors should also consider the competitive landscape and the company's ability to sustain its growth before making a decision.