Party Cruisers Limited - SME IPO

Incorporated in 1994, Party Cruisers Limited is specialized in wedding management and event management activities. The company offers a range of event activities from pre-wedding to during wedding and post-wedding activities such as in-house designing, destination wedding decor, etc.
From the initial conception (i.e. pre-event publicity, venue search, booking, transportation) to turnkey production (on-site management, staffing, entertainment, set-up, and designing) and post-event facilities (final material distribution, post-event report, attendance assessment) everything is managed by Party Cruisers to provide an AESTHETIC ambiance and luxury wedding experience to customers. It has two registered brands naming "Vivaah" and "Vows-Away and Beyond" to offer professional wedding services whereas event management facilities are provided under its own-brand "Event Factory" and through franchisee. It also has a brand "Live Space" that specializes in the venue and set construction, designing as well as consulting facilities for weddings.
The company generates 75% of the revenues from wedding management activities and the rest is contributed by event management activities.

Competitive strengths:

  • Established brand name and strong franchisee model.
  • Well-established relationship with suppliers.
  • Strong in-house designing capabilities.
  • Range of services including wedding and event management.
  • Diversified revenue base.
  • Experienced team of promoters.


Company Promoters:

  • Mr. Zuzer Hatim Lucknowala and Mrs. Rachana Zuzer Lucknowala are the promoters of the company.

Company Financials

Company Financials

Particulars For the year/period ended (Rs in Lakh)
Summary of financial Information (Restated) 30-Sept-  20 31-Mar-20 31-Mar-19 31-Mar- 18
Total Assets  1,169.44  1,227.70  1,194.35  1,014.12
Total Revenue  171.49  1,588.58  1,888.17   1,535.67
Profit After Tax  14.84  130.15  193.47  147.80


Objects of the Issue:

The key objectives of the IPO are as follows;

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

 


Issue Details

Party Cruisers Limited - SME IPO
 Issue Open  February 22, 2021 - February 25, 2021
 Issue Price  Rs 51 per Equity Share
 Market Lot  2000 Shares 
 Issue Size  15,20,000 Eq Shares of Rs 10 (up to Rs 7.75 Cr)
 Face Value  Rs 10 per Equity Share 
 Listing At  BSE SME

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