Party Cruisers Ltd IPO opening on 22 February: All you need to know

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. It was incorporated in 1994 by Mr Zuzer Lucknowala and Mrs Rachana Lucknowala.

From the initial conception to turnkey production and post-event facilities 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 specialises in the venue and set construction, designing as well as consulting facilities for weddings.

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The company generates 75% of the revenues from wedding management activities and the rest is contributed by event management activities.

The Party Cruisers IPO will open on February 22, 2021 will close on February 25, 2021. The issue may list on March 5, 2021.

Party Cruisers IPO is a SME IPO of 1,520,000 equity shares of the face value of ₹10 aggregating up to ₹7.75 Crores. The issue is priced at ₹51 per equity share. The minimum order quantity is 2000 Shares.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.