Party Cruisers Ltd

About the Company:

Party Cruisers Ltd specializes in Wedding Management and Events Management Business wherein company offers a complete variety of wedding and event facilities.

Company’s Wedding Management Services range from pre-wedding, during wedding and post wedding events like in-house designing, designation wedding event décor etc. Our Event Services range from planning & marketing to production and décor etc.

As a Wedding and Events Management, company works on the initial conception (pre-event publicity, venue research & booking, transport), to turnkey production (set-up, on-site management, staffing, stage designing, entertainment), to post-event support (final material distribution, delegate attendance assessment, post-event report) – and take care of everything.

Party Cruiser through its 26 years of growing has earned a reputation among its clients by winning several accolades and client appreciation that testify our commitment levels and effective deliveries of good work.

Since its inception in 1994, Party Cruisers Limited has been focused on planning luxury wedding celebrations in India and worldwide.

Around 75% of company’s revenue comes from wedding management services.

Company has a team of 30 employee‘s currently operates out of its Mumbai Office Only.


Wedding Management Services: 


Company through its ―Vivaah offers Traditional Wedding Services to our clients in their local cities only. Traditional Wedding is mostly preferred by residing Indians plan their Customary Indian Wedding.

As the leading experts in the wedding boutique, we have orchestrated memorable, talk-of-the-town events in Neemrana Fort in Alwar, Taj Falaknuma Palace in Hyderabad, The Baradari Palace in Patiala, the Mahalaxmi Racecourse in Mumbai, and myriad events in cities such as Surat, Munnar, Nagpur, Shimla, Cochin, Jodhpur, and
the twin hill stations of Lonavala and Mahabaleshwar and Alibaug in Maharashtra.

Some of the esteemed clients to whom Vivaah has rendered its services:

  • Aishwarya Rai‘s brother wedding
  • Chanda Kochar (MD and CEO of ICICI Bank) daughter‘s wedding
  • Tushar Jani (Chairman of Bluedart) son‘s wedding
  • Motilal Oswal‘s daughter‘s wedding in Grand Hyatt Mumbai.



Company through its ―Vows-Away and Beyond” offers Destination Wedding Services to our clients. Destination Wedding are mostly preferred by NRI`s and residing Indians plan their grand Indian wedding.



Event Management Services: 


Party Cruiser began its Event Management services since incorporation and has been offering event management services related to Corporates Events, Corporate Meetings and Parties, Corporate Seminars and Conference Management, Luxury Brands and Product Launches, Lifestyle and Fashion Events, Exhibitions & Fairs, Entertainment Show Management, Pan-India Ground Activations and Artist Management among others in India.

Event Management services are offered from Auto sector, IT sector, Retail sector to Financial Services sector, Tourism and F&B sectors.

Some of the Conference & Seminars Managed By company are:

  • Launch of the website.
  • Launch of the National Geographic TV channel in India.



Company also has a brand known as ―Live Space‖ wherein company offers prospective clients a feeling of Aliveness during the process of conducting a particular event.


Franchisee model:

since Party Cruisers Ltd aims to be the First and Only Choice‘ for existing and prospective clients who are looking for a unique and one of a kind event to be organized for themselves, company has adopted the franchisee model to expand the business Pan India.

Till date Company has entered 4 Franchisee Agreements and is in talks with 5 more persons/people for entering into franchisee agreement with them.


International Wedding:

Till date company has successfully managed 6 International Wedding. Some of the clients and locations where company managed the events are Mauritus, Thailand, Cambodia, Cyprus, Dubai and Africa.



Management Team:

  1. Mrs. Rachana Zuzer Lucknowala (Designation: Managing Director)
  2. Mr. Armaan Zuzer Lucknowala (Designation: Non-ExecutiveDirector)




Objectives of the Issue:

Fresh Issue: (Rs. 7.75 cr)

  • Expansion of Business through strategic investment.
  • Additional Working Capital.
  • General Corporate Expenses.
  • To meet the expenses of the Issue.



Financials of the Company:

(in Crores) FY 18 FY 19 FY 20 30th Sept 20
Revenue 15.35 18.88 15.88 1.71
Net Profit 1.47 1.93 1.00 0.22



Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Party Cruisers Limited 10 2.45 20.82 10.81% 23.26
Touchwood Entertainment Ltd 10 (-1.30) 102.05 (12.11) 1.08



IPO Details:

Details Info
Issue Opens on 22nd February 2021
Issue Closes on:. 25th February 2021
Issue Price Rs.51
Face Value Rs.10
Minimum Lot 2000 Shares
Minimum Investment Rs.1,02,000
Issue Constitutes 27.14%
Issue Size Rs.7.75 cr
Market Cap Rs.28.5 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 15,20,000
Equity Shares Prior to the Issue 40,80,000
Equity Shares after the Issue 56,00,000

Also Read : List of Upcoming IPO’s in India.

Important Dates:

Finalization of Basis of Allotment on or Before 2nd March 2021
Initiation of Refunds on or Before 3rd March 2021
Credit of Equity Shares: on or Before 4th March 2021
Listing Date: on or Before 5th March 2021


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
2.45 20.82 10.81% 23.26



Company Contact Info:
Party Cruisers Ltd
303/304/305, Simran Plaza, Khar 4th Road,
Next to Regal Enclave Hotel, Khar (West),
Mumbai – 400 052, Maharashtra, India
Tel No. : +91 22 49739352
Email Id :
Website :


IPO Registrar Info:
KFin Technologies Private Limited
Selenium Building, Tower-B,Plot No 31 & 32,Gachibowli,
Financial District,Nanakramguda,Serilingampally, Hyderabad,
TelanganaIndia – 500 032.
Tel. No.: +91 40 6716 2222


Lead Manager to the Issue:
1-2 Bhupen Chambers, Ground Floor, Dalal Street,
Mumbai-400 001
Tel. No.: +91 22 40509999
Investor Email: