What is the issue size of E Factor Experiences IPO?

The issue size of the E Factor Experiences IPO is Rs 25.92 cr

What is 'pre-apply' for E Factor Experiences IPO?

Pre-apply will alow you to apply for the E Factor Experiences IPO 2 days before the subscription period starts.

If I pre-apply for E Factor Experiences IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the E Factor Experiences IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my E Factor Experiences IPO order is placed?

We will notify you when your E Factor Experiences IPO order is placed with the exchange.

What are the open and close dates of the for E Factor Experiences IPO?

E Factor Experiences IPO will be open between 27 Sept - 3 Oct, 2023.

What is the lot size and minimum order quantity of the E Factor Experiences IPO?

E Factor Experiences Limited IPO lot size is 1600 shares.

What are the allotment dates for the E Factor Experiences IPO?

E Factor Experiences IPO allotment date is 6 Sept, 2023. For E Factor Experiences IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of E Factor Experiences IPO?

E Factor Experiences IPO registrar is Maashitla Securities Private Limited. You can check E Factor Experiences IPO allotment status on the website of the registrar.

Where is the E Factor Experiences IPO getting listed?

The shares are proposed to be listed on NSE SME.

E Factor Experiences IPO

E Factor Experiences Limited

₹1,13,600 /1600 sharesMinimum Investment

E Factor Experiences IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹75.00₹115.00₹40.00 (53.33%)
E Factor Experiences IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
27 Sep ‘23 - 3 Oct ‘23₹1,13,6001,600₹71 - ₹75
Issue SizeIPO Doc
25.92CrRHP PDF
About E Factor ExperiencesIncorporated in 2003, E Factor Experiences is an Indian event management company. They work on delivering event experiences and services to consumers and communities. Their expertise extends to technology-driven permanent and semi-permanent multimedia light and sound installations and specialized turnkey event projects. The company excels in wedding management and offers tailored solutions for private and social events.
Their diverse service portfolio encompasses a wide range of offerings, including turnkey assignments such as government-sanctioned tourism events and festivals, techno-cultural light and sound exhibitions, sporting events and contests, conferences, mega ground concerts, televised events, and private celebrations like weddings and anniversaries.
E Factor Experiences embarked on their journey from their New Delhi headquarters, and they have since expanded their presence across the nation, establishing offices in Delhi, Noida, Jaipur, and Odisha.;
Parent Organisation
E Factor Experiences Limited
Founded
2003
Managing Director
Mr. Samit Garg
Strengths & Risks
E Factor Experiences has established relationships with various local, state, and central government bodies in its role as an event management service provider. 
The company has successfully organized significant events, including Eco Retreat in Odisha, Mandu Festival, Multimedia Light & Sound Show at Gateway of India, FIDE Chess Olympiad, Baba Saheb – The Grand Musical show on the life and teachings of Baba Saheb Ambedkar, Deepotsav in Ayodhya, and more.
The company has secured contracts for setting up, operating, and managing Eco Retreat at Sonapur (2022-2026), Ramchandi, Konark (2021-2026), and Pentha, Bhitarkanika (2021-2026) from the Tourism Department of the Government of Odisha.
In 2023, E Factor Experiences expanded its services to include social events in international destinations like Barcelona, Spain, generating revenue of Rs. 945.20 lakhs, contributing to 8.29% of its total revenue.
The company has established a long-term partnership with its experiential tourism brand, 'Sky Waltz,' owned by its subsidiary, E-Factor Adventure Tourism Private Limited. Sky Waltz specializes in managing and operating hot-air ballooning and yachting activities across India. It has been a government-approved commercial hot air balloon operator for the past 12 years and currently has a fleet of 2 yachts and 11 hot air balloons.
Approximately 89.55%, 93.26%, and 79.23% of its revenue from operations in the fiscal years 2023, 2022, and 2021, respectively, was generated from government authorities. The loss of key work orders or projects from these authorities could substantially adversely impact the company's business, financial condition, and cash flows. 
Legal proceedings involving the company, its directors, and promoters could lead to adverse decisions that result in liabilities or penalties, potentially harming the company's business and operational results.
E Factor Experiences primarily operates in limited regions, such as Odisha, Delhi, Madhya Pradesh, and Uttar Pradesh, and works with specific government departments. Expanding operations to new geographies and collaborating with government authorities from other states may not be as profitable as existing contracts.
The company's subsidiary experienced a significant decline in revenue from its aviation-based café business, which was eventually discontinued. 
Past losses incurred by the subsidiary or associate company and future operating losses could negatively affect the financial and operational results.
The company is exposed to fluctuations in foreign currency exchange rates, which could result in currency transaction losses.
As of March 31, 2023, E Factor Experiences had a total outstanding debt of Rs. 912.74 Lakhs.
The company has experienced negative net cash flows in the past and may continue to have negative cash flows 
The company has availed unsecured loans amounting to Rs. 779.17 Lakhs, of which Rs. 395.00 lakhs is repayable on demand.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹71 - 75₹2 Lakh
High Networth Individual₹71 - 75₹2 - 5 Lakh
For E Factor Experiences IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹75.00	₹115.00	₹40.00 (53.33%)

Bidding Dates	Min. Investment	Lot Size	Price Range
27 Sep ‘23 - 3 Oct ‘23	₹1,13,600	1,600	₹71 - ₹75

Issue Size	IPO Doc
25.92Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹71 - 75	₹2 Lakh
High Networth Individual	₹71 - 75	₹2 - 5 Lakh

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