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.
- 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.
Mr. Zuzer Hatim Lucknowala and Mrs. Rachana Zuzer Lucknowala are the promoters of the company.
|Summary of financial Information (Restated Consolidated)|
|Particulars||For the year/period ended (₹ in Lakh)|
|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|