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 |
