Party Cruisers Limited 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:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 1169.44 1227.70 1194.35 1014.12
Total Revenue 171.49 1588.58 1888.17 1535.67
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.

Party Cruisers IPO Details

IPO Opening Date Feb 22, 2021
IPO Closing Date Feb 25, 2021
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹51 per equity share
Market Lot 2000 Shares
Listing At NSE SME


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