Party Cruisers Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
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Premium (ELP)
Following its successful public offering, Party Cruisers Limited's made its market debut on Mar 05, 2021 and is now actively traded on the NSEplatform. The IPO mobilized 15,20,000 Shares in total capital, including TBD in primary equity infusion.
The offering was structured with a price band of ₹51 to ₹51 and minimum investment lots of 2000 shares. Investor participation during the subscription window from Feb 22, 2021 to Feb 25, 2021 demonstrated market confidence in the company's prospects.
The allotment process concluded on Mar 02, 2021, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1994, Party Cruisers Limited specializes in wedding and event management, offering end-to-end services from pre-wedding planning to post-event wrap-up. The company handles all aspects including in-house designing, destination wedding decor, venue booking, staffing, entertainment, and post-event reporting, ensuring a luxurious and aesthetic experience. It operates under multiple brands: "Vivaah" and "Vows-Away and Beyond" for wedding services, "Event Factory" for event management, and "Live Space" for venue construction, design, and consulting. Approximately 75% of its revenue comes from wedding management, with the remainder from general event management activities.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Established Brand: Strong brand name with a robust franchise model.
- Supplier Relationships: Well-established ties with key suppliers.
- In-House Design: Strong capabilities in creative and event design.
- Comprehensive Services: Offers wedding and event management solutions.
- Diversified Revenue: Generates income from multiple sources.
- Experienced Leadership: Promoters supported by a skilled management team.
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- Mr. Zuzer Hatim Lucknowala
- Mrs. Rachana Zuzer Lucknowala
Party Cruisers Limited
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