Touchwood Entertainment Limited IPO Review

Touchwood Entertainment Limited IPO Review

Touchwood Entertainment Limited is engaged in event planning, marketing, production and legal services for the events. It is Delhi based Events Management Company. This company mainly assist with all the planning, facilitating, negotiating, and handling of various aspects of wedding planning. The company is soon getting listed on the NSE’s Emerge exchange. So let me guide you through the Touchwood Entertainment Limited IPO review with an eye on the date, price band and draft prospectus of the issue.

About Touchwood Entertainment Limited IPO :

  • IPO Opens on – December 11,2017.
  • IPO Closes on – December 13,2017.
  • Face Value – Rs 10 Per Equity Share.
  • Issue Price – Rs 40 Per Equity Share.
  • Issue Type – Fixed Price Issue IPO.
  • Market Lot – Nil.
  • Minimum Order Quantity – Nil.
  • Issue Size – 1,053,000 Equity Shares of Rs 10 aggregating up to Rs 4.21 Cr .
  • Listing Exchange – NSE SME exchange.
  • Draft Prospectus – Download.

Objectives of the issue:

  • Capital Expenditures for Business Expansion.
  • Repayment of existing loans.
  • General corporate purposes.
  • Issue related expenses.

About The Company –

  • Touchwood Entertainment Limited (TEL) was incorporated in 1997.
  • It is mainly a professional event management and wedding planning company.
  • The services of this company is includes Mega Ground Concerts, Private Social Events, Wedding Planning and Wedding Decor, Political Activation, Artist Management and Destination Wedding.
  • Touchwood Entertainment Limited pride in their ability to create the perfect experience, blending Indian traditions with current international trends.
  • This company provide wedding planning services cater to all cultures, budgets, styles and sizes.
  • They have a Wedding Management Team of over 20 expert people to make weddings the most cherished experience.
  • Touchwood Weddings carries with them plenty of highly satisfied customers and committed clients.

Touchwood Entertainment Limited

Touchwood Entertainment Limited

Promoters of the company :

  • Mr. Manjit Singh.
  • Mr. Vijay Arora.
  • Ms. Priyanka Arora.
  • Ms. Jaswinder Kaur.

Name of shareholders :

  • Mr. Manjit Singh.
  • Mr. Vijay Arora.
  • Mr. Bant Singh.
  • Ms. Jaswinder Kaur.

Company Financials:

Touchwood Entertainment Limited IPO

Touchwood Entertainment Limited IPO Review: The financial data shows that the company has made a loss of Rs. 81.11 lacs on the financial year 2014. Since then they have managed to stay in green but the profitability graph is not smooth and has lack of consistency. At a premium of Rs. 30 over the face value the issue seems over-priced. Our Touchwood Entertainment Limited IPO review has a NEUTRAL view on this issue and feels that, safe investors should stay in cash for the time being. Don’t apply unless and until you love high risk.

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Author Bio

Ankita Chakraborty

Ankita has done her Diploma Engineering in Computer Science & Technology. She is learning blogging and content writing as well as she is learning the foundations of the stock market and broking industry. She is the latest addition to our team and has a promising career ahead.

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