Party Cruisers Limited IPO (Party Cruisers IPO) Details:

Party Cruisers Limited IPO

Party Cruisers Limited IPO (Party Cruisers IPO) Details:

Party Cruisers Limited is specialized in the management of wedding activities and events. This company was incorporated in 1994. The company provides a variety of event activities, from pre-marriage to wedding and post-marriage events, such as home design, marriage decoration, etc.

From the original design to the smart production and post-event installations, party cruisers handle everything in an AESTHETIC environment and provide customers with a comfortable wedding experience. The business provides professional wedding services to two licensed brands called “Vivaah” and “Vows-Away and Beyond” while the event management facility is given both under its own brand “Event Factory” and by its franchisee. It also has the brand “Live Space” which specialized in the building, design, and consultancy of weddings.

The organization derives 75% of its sales from wedding management, while event management contributes to the remainder.

Party Cruisers Limited IPO (Party Cruisers IPO) Details:

IPO Opening Date Feb 22nd, 2021
IPO Closing Date Feb 25th, 2021
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹51 per equity share
Market Lot 2,000 Shares
Min Order Quantity 2,000 Shares
Listing At BSE SME
Issue Size 15,20,000 Eq Shares of ₹10
(aggregating up to ₹7.75 Cr)

Party Cruisers Limited IPO is specialized in the management of wedding activities and events. However, this IPO is going to be opened on 22nd February and it will be closed on 25th February. Its face value is Rs. 10/- per equity share. But its IPO price is Rs. 51/- per share. However, the minimum market lot is set at 2,000 shares per lot. Moreover, the minimum order quantity for buying is 2,000 shares listing at BSE, SME. Similarly, the issue of Equity shares is Rs. 10/- aggregating up to Rs. 7.75 crores. 

The key objects of the Party Cruisers Limited IPO as follows:

    • To expand business through strategic investment.
    • Hence, To meet additional working capital requirements.
    • To meet general corporate purposes.
    • To meet issue expenditures.

Prospectus Documents:

Party Cruisers IPO DRHP

Contact Information:

Party Cruisers Limited
303/304/305, Simran Plaza, Khar 4th Road,
Next to Regal Enclave Hotel, Khar (West),
Mumbai – 400 052

Phone: 91 22 49739352
Email: compliance@partycruisersindia.com
Website: http://www.partycruisersindia.com/

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