The scrip was listed at Rs 115, up 53.33% over the initial public offer (IPO) price. The stock was currently frozen at an upper limit of 5% from its listing price.

The counter hit a high of Rs 120.75 and a low of Rs 115 so far. About 12.72 lakh shares of the company changed hands at the counter.

E Factor Experiences' IPO was subscribed 68 times. The issue opened for bidding on 27 September 2023 and it closed on 3 October 2023. The price band of the IPO was fixed at Rs 71 to 75 per share. The issue size comprised of fresh issue of 34,56,000 equity shares having a face value of Rs 10 each.

The company intends to utilize the net proceeds of issue for investment in subsidiary; to meet working capital requirements; repayment and/or pre-payment, in full or part, of certain borrowings availed by our company; and general corporate purpose.

Ahead of the IPO, the company on 26 September 2023, raised Rs 7.38 crore from anchor investors. The board allotted 9,84,000 shares at Rs 75 per share to four anchor investors.

E Factor Experiences is an event management company in India. They offer a wide range of services including event experiences, event services, technology-based multimedia installations, and turnkey event assignments. They specialize in wedding management, private events, and social event solutions. Some of their notable projects include organizing "The Pushkar Fair", converting Snake-Boat Races into a league format, and creating beach destinations like the Eco retreat project at Konark and Bhitarkanika in Odisha. The company has 32 employees.

On a consolidated basis, the company recorded revenue from operations of Rs 119.26 crore and net profit of Rs 7.61 crore for the period as on 31 March 2023.