Party Cruisers is a wedding and event management company founded in 1994 and Mr. Zuzer Hatim Lucknowala and Mrs. Rachana Zuzer Lucknowala are known promoters of the company. The company will be releasing its initial IPO on February 22, 2021. The company generated 75% of its profits from wedding management while the rest is contributed by event management portfolio.
The objectives of the IPO are as follows;
- expand business through strategic investment.
- To meet additional working capital requirement.
- To meet general corporate purposes.
- To meet issue expenditures.
Here are the details regarding the IPO
- IPO Opening Date : Feb 22, 2021
- IPO Closing Date : Feb 25, 2021
- Issue Type : Fixed Price Issue IPO
- Face Value : ₹10 per equity share
- IPO Price : ₹51 per equity share
- Market Lot : 2000 Shares
- Min Order : Quantity 2000 Shares
- Listing At : BSE SME
- Issue Size : 1,520,000 Eq Shares of ₹10 (aggregating up to ₹7.75 Cr)
|IPO Open Date||Feb 22, 2021|
|IPO Close Date||Feb 25, 2021|
|Basis of Allotment Date||Mar 2, 2021|
|Initiation of Refunds||Mar 3, 2021|
|Credit of Shares to Demat Account||Mar 4, 2021|
|IPO Listing Date||Mar 5, 2021|