MAC Conferences & Events gets BSE approval to launch SME IPO

Business: MAC Conferences & Events Ltd’s Draft Red Herring Prospectus (DRHP) has been approved by the Bombay Stock Exchange (BSE), making the company’s initial public offering (IPO) possible. MAC Conferences & Events Ltd had submitted the required paperwork to the exchange to initiate the BSE SME Platform IPO process. The DRHP states that the company plans to launch a fresh issue of 22,29,000 equity shares and an offer for sale of up to 33,39,000 equity shares, both with a face value of ₹10, in the upcoming IPO. Company Details The firm offers a wide range of services designed specifically for the MICE (Meetings, Incentives, Conferences, Exhibitions) and events industry. Their experience includes organising small-scale corporate events as well as large international events. They specialise in managing conferences, exhibitions and global event planning. They also handle all logistical aspects of events held at specific locations, including selecting venues, arranging accommodations, managing transportation, organizing local activities, and providing on-site coordination. The company has a team of MICE and event professionals who prioritize attention to detail, maintain strict budget control, and constantly bring creativity to help discover new venues and innovative ways to impress clients.