Party Cruisers IPO Review, Size, Dates, Allotment, Subscription, GMP & DRHP

Let’s have a detailed review of the company and analytics of the Party Cruisers Limited IPO release date, IPO offer price, subscription, Party Cruisers IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.Open Demat Account - Offers


Party Cruisers IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments6.5/10
Industry Ranking6.1/10
Company Background6.3/10
Company Reputation6.2/10
Competitive Edge6.7/10
Financial Statements6.1/10
Popularity Index6.4/10
Promoters Reputation6.7/10
Retail Appetite6.1/10
Top Brokers Review6.9/10
Overall Ratings6.4/10
Star Ratings★★★☆☆

Summary of Party Cruisers Limited IPO

Party Cruisers Limited IPOCompany acknowledges the fact that through their employee`s appearance, professionalism, performance, approach, presentation and commitment levels, their company can be successful in creating an ‘AWE’ experience and an ‘AESTHETIC’ ambiance for all clients thereby surpassing their vision of the events. 

As a Wedding and Events Management, they work on the initial conception (pre-event publicity, venue research & booking, transport), to turnkey production (set-up, on-site management, staffing, stage designing, entertainment), to post-event support (final material distribution, delegate attendance assessment, post-event report) – they take care of everything.

From FY 2017-18 to FY 2018-19, as per the Restated Financial Statements

  • Revenues have grown from Rs. 477.21 lakhs in FY 2017-18 to Rs. 713.32 lakhs in FY 2018-19
  • The net asset value per Equity Share was Rs. 14.55 and Rs. 10.05 as of Mar 30, 2019 and March 31, 2018, respectively, as per the Restated Financial Statements 
  • The net worth of the company as on March 31, is  Rs. 320.16 lakhs as per the Restated Ind AS Consolidated Summary Statement of Assets and Liabilities.
  • The net profit after tax was Rs 30.04 lakhs  in FY 2018-19 and Rs.3.88 lakhs in FY 2018-19.

The Promoter of this company are MR. ZUZER HATIM LUCKNOWALA & MRS. RACHANA ZUZER LUCKNOWALAThe lead manager to the issue is FIRST OVERSEAS CAPITAL LIMITED and the Registrar to this issue is Karvy Fintech Private Limited.


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Party Cruisers Limited IPO Date

The opening and the closing date of Party Cruisers Limited IPO is not known yet.


Party Cruisers Limited IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day – 
3rd Day – 
4th Day – 
5th Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Party Cruisers Limited IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Party Cruisers IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is Rs 65.


Party Cruisers IPO Size & Share Offering

Initial public issue of 15,20,000 equity shares of face value of Rs 10/- each (“Equity Shares”) of Party Cruisers Limited, for cash at a price Rs 65/- per equity share (including a share premium of Rs 55/- per equity Share), (“Issue Price”) aggregating to Rs 988.00 lakhs (“The Issue”).

76,000 equity shares, aggregating to Rs 49.40 lakhs will be reserved for subscription by market maker.


Party Cruisers Limited – Company Overview

Party Cruisers Limitedcame (PCL) into existence in 1994. Since incorporation, their Company specializes in Wedding Management and Events Management Business wherein they offer all of their clients a complete variety of wedding and event facilities.

The Wedding Management Services range from pre-wedding, during wedding and post wedding events like in-house designing, designation wedding event décor etc. Their Event Services range from planning & marketing to production and décor etc.

Their individual promoters manage and control the major affairs of their business operations. Through their combined 49 plus years of experience, industry knowledge and understanding, their company has a competitive advantage over the their competitors which enables them to expand their geographical and customer presence in existing as well as target markets, while exploring new growth avenues.

Through their combined 49 plus years of experience, industry knowledge and understanding, their company has a competitive advantage over the their competitors which enables them to expand their geographical and customer presence in existing as well as target markets, while exploring new growth avenues.

PARTY CRUISER FRANCHISEE’S

They work in unity with all the Franchisee’s and are open to all opportunities and talents with productive inputs to the growth of their company. Till date their Company has entered 7 Franchisee Agreements.

Competitive Strengths of Party Cruisers Limited

  • Established brand name
  • Established Franchisee Model
  • Well established relationship with supplier
  • Strong in-house designing capabilities
  • Wide Range of Services
  • Diversified business operations and revenue base
  • Experienced management team & efficient work force
  • Strong, cordial& long term relationship with their clients

Business strategies of Party Cruisers Limited 

  • Focusing on increasing reach within India
  • Innovation in Wedding Services
  • Enhancing Operating Effectiveness & efficiency
  • Focus on International Wedding Management
  • Marketing
  • Continue to maintain strong relation with existing supplier
  • Leveraging their Marketing skills and Relationship

Party Cruisers Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary of Party Cruisers IPO

On the basis of Standalone statement:-

Amount (in INR & lakhs)
31-Mar-1931-Mar-18
Total Assets357.93205.41
Total Revenue713.32 477.21
Total Expense667.88469.59
Profit After Tax30.043.88

Earnings per Equity Share (in lakhs)

31-Mar-1931-Mar-18
Basic & Diluted1.500.60

From the above statements, one could find that the Party Cruisers Limited may perform well.


Party Cruisers Limited IPO – Promoters

The Promoter of this company is:

  • MR. ZUZER HATIM LUCKNOWALA
  • MRS. RACHANA ZUZER LUCKNOWALA

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


Party Cruisers Limited IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered 15,20,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 65/- per Equity Share aggregating Rs. 9,88,00,000/-.
 Of which:
 Reserved for Market Makers 76,000Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 65/- per Equity Share aggregating Rs. 49,40,000/-.
 Net Issue to the Public 14,44,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of Rs. 65/- per Equity Share aggregating Rs. 9,38,60,000/-.
 Of which:
 Retail Investors Portion 7,22,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company
for cash at price of Rs. 65/- per Equity Share aggregating Rs. 4,69,30,000/-.
 Non-Retail Investors Portion7,22,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company
for cash at price of Rs. 65/- per Equity Share aggregating Rs. 4,69,30,000/-.
 Equity Shares outstanding prior to the Issue40,80,000 Equity Shares
 Equity Shares outstanding after the Issue56,00,000 Equity Shares

Party Cruisers Limited IPO Issue Object

These are the IPO Issue Objects of the company:

  • Expansion of Business through strategic investment;
  • Additional Working Capital;
  • General Corporate Expenses; and
  • To meet the expenses of the Issue.

Party Cruisers Limited IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Quality
  • Multiple Products
  • The domain expertise
  • Leadership

The relevant quantitative factors are:

On the basis of standalone statement:-

Basic & Diluted EPSRONW in %NAV (Rs.)
31-Mar-180.401.93
31-Mar-191.509.38
14.55
  • Price to Earnings (P/E) ratio in relation to Issue Price of Rs. 45:
ParticularsP/E ratio
Highest115.67
Average43.2
Lowest5.26

Party Cruisers Limited IPO Lead Managers

Lead Managers
FIRST OVERSEAS CAPITAL LIMITED
1-2 Bhupen Chambers, Ground Floor, Dalal Street,
Mumbai-400 001
Tel. No.: +91 22 40509999
Email: rushabh@focl.in/satish@focl.in/mala@focl.in
Investor Grievance Email: investorcomplaints@focl.in
Website: www.focl.in
Contact Person: Mr. Rushabh Shroff/ Mr.

Party Cruisers Limited IPO Registrar to offer

Registrar to the Offer
Karvy Fintech Private Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda, Hyderabad 500 032 India
Tel. No.: 1-800-3454001/ +91 40 6716 2222
Fax No.: +91 40 2343 1551
E-mail: einward.ris@karvy.com
Investor Grievance Email: pcl.ipo@karvy.com
Website: www.karisma.karvy.com
Contact Person: Mr. M Murali Krishna
SEBI Registration No.: INR000000221

 


Party Cruisers Limited IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.1/107.1/107.1/107.1/10
Sharekhan7.2/108.7/107.3/108.7/107.3/10
Kotak Securities8.7/107.1/107.1/108.1/107.3/10
ICICI Direct8.8/108.7/107.3/107.1/107.1/10
IIFL8.4/107.2/108.7/107.3/107.1/10
Edelweiss7.5/107.4/107.1/107.1/107.2/10
Zerodha7.4/107.1/108.7/107.3/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy8.7/107.3/107.1/107.1/107.1/10
Motilal Oswal8.8/107.1/108.7/107.3/107.2/10

Party Cruisers IPO Grey Market Premium

The Party Cruisers Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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Party Cruisers Limited IPO News

News 1 – IPO ISSUE OPENS SOON [Download DRHP Prospectus]


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