The E Factor Experiences IPO commenced on October 27, 2023, and concluded on October 3, 2023. The allotment of shares took place on October 6, 2023, and the initiation of refunds began on October 9, 2023. The shares were credited to the demat accounts of investors on October 10, 2023. Finally, the listing of E Factor Experiences on the stock exchange occurred on October 11, 2023.
The E Factor Experiences IPO was priced at ₹71 to ₹75 per share, with a lot size of 1600 shares. The total issue size was ₹25.92 crores, comprising a fresh issue of ₹25.92 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 19% of the shares, the NII (Non-Institutional Investors) quota was reserved for 14% of the shares, and the retail quota was reserved for 33% of the shares.
E Factor IPO Basic Details
|Company Name||E Factor Experiences Limited|
|Domain of Company||Event Management Company|
|E Factor Experiences IPO GMP Today||₹8|
|E Factor Experiences IPO Listing Gain||10.67%|
|E Factor Experiences IPO Open Date||September 27, 2023|
|E Factor Experiences IPO Close Date||October 3, 2023|
|E Factor Experiences IPO Allotment Date||October 6, 2023|
|E Factor Experiences IPO Listing Date||October 11, 2023|
|Face Value||₹10 per share|
|Price||₹71 to ₹75 per share|
|Lot Size||1600 Shares|
|Issue Size||3,456,000 shares of ₹10|
(aggregating up to ₹25.92 Cr)
|Fresh Issue||3,456,000 shares of ₹10|
(aggregating up to ₹25.92 Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||NSE SME|
|Company Promoters||Jai Thakore, Samit Garg,|
Aruna Garg and Manika Garg
E Factor Experiences IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|27 September 2023||₹8||10.67%||–||–|
E Factor Experiences IPO Details:
E Factor Experiences Limited, an Indian event management company, was founded in 2003. They specialize in creating memorable events, offering event services, and providing technology-based multimedia light and sound installations. They also handle turnkey event projects, wedding management, and solutions for private and social events.
Their services cover a wide range, including government tourism events, techno-cultural light and sound shows, sporting events, conferences, mega concerts, televised events, and private celebrations like weddings and anniversaries. The company has offices in Delhi, Noida, Jaipur, and Odisha, with a dedicated team of 32 employees.
E Factor Experiences Limited has an impressive track record of managing events such as Eco Retreat in Odisha, DotFest in Bhubaneswar, Laser Shows, Fireworks at Deepotsav in Kashi, Balloon and Boat Races, and a grand musical show on the life and teachings of Baba Saheb Ambedkar.
Additionally, the company has expanded its business through the subsidiary, E-Factor Adventure Tourism Private Limited, which owns the experiential tourism brand “Sky Waltz.” Sky Waltz specializes in hot air ballooning and yachting activities across various locations in India and has been a government-approved commercial hot air balloon operator for 12 years.
Furthermore, E Factor Experiences Limited holds a 46.33% stake in Untamed Leisure and Hospitality Private Limited (formerly known as E Factor Leisure and Hospitality Private Limited), an associate company engaged in event management, hospitality services, and related leisure and entertainment activities.
E Factor Experiences IPO More Details Click Here
E Factor Experiences IPO FAQs
When is E Factor Experiences IPO open?
E Factor Experiences IPO will open on 27 September 2023.
When is E Factor Experiences IPO Close?
E Factor Experiences IPO will be closed on 3 October 2023.
What is E Factor Experiences IPO GMP Today?
The E Factor Experiences IPO GMP aka Grey Market Premium is ₹8.
What is E Factor Experiences IPO Kostak Rates Today?
The E Factor Experiences IPO Kostak Rate is ₹000.
What is E Factor Experiences IPO Subject to Sauda Price Today?
The E Factor Experiences IPO subject to sauda rates is ₹000.
E Factor Experiences IPO Expected Returns?
The E Factor Experiences expected return is 10.67%.
How much will be the listing gain in E Factor Experiences IPO?
E Factor Experiences IPO will get listing gain of 10.67%. (Approx.)