Party Cruisers SME IPO Details, GMP, Review

Party Cruisers has engaged in Wedding Management and Events Management services. It has two registered brands naming “Vivaah” and “Vows-Away and Beyond” to offer professional wedding services although event management facilities are provided under its own-brand “Event Factory” and through franchisee.

The company has a team of 30 employees which operate out of its Mumbai office. However, the company has adopted the franchise model to expand its business across the country. Wedding management currently contributes nearly 75% of the company’s revenues while Event Management accounts for the rest.

Company Promoters: Mr. Zuzer Hatim Lucknowala and Mrs. Rachana Zuzer Lucknowala are the promoters of the company.

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Party Cruisers IPO details
Subscription Dates 22 – 25 February 2021
Price Band INR51 per share
Fresh issue 1,520,000 shares (INR7.75 crore)
Offer For Sale Nil
Total IPO size 1,520,000 shares (INR7.75 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform

Party Cruisers Limited Contact Details

303/304/305, Simran Plaza, Khar
4th Road, Next to Regal Enclave Hotel,
Khar (West), Mumbai – 400 052
Phone: +91 22 49739352
Email: [email protected]
Website: www.partycruisersindia.com

Registrar of Party Cruisers IPO

KFin Technologies Private Limited
303/304/305, Simran Plaza, Khar
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032,
Telangana Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: [email protected]
Website: www.kfintech.com

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