Exhicon Events Media Solutions Approves ₹8 Cr. Equity Issuance and Acquisition of 76% Stake in Perfect-Octave

1) Rategain Travel Technologies Limited

• Business Overview - Company is the leading distribution technology company globally and the largest Software as a Service (SaaS) provider in the travel and hospitality industry in India. The firm offers travel and hospitality services across different verticals like hotels, airlines, online travel agents, meta-search companies, package providers, car rentals, cruises, and ferries.
• Recent Filings - Company announced that TAAG Angola Airlines E.P., Africa’s premier airline with 70 years of operation, has chosen AirGain, an airline revenue management product by RateGain, to gain real-time competitive insights.
• Outlook -
  • Management reiterated a revenue growth target of 20% for the year, despite challenges in the North American market and some client attrition.
  • Expected margin improvement of 150 to 200 basis points year-over-year, with a focus on maintaining operational efficiency and leveraging scale.
  • Company aims to take the revenue from ₹1000 Cr to ₹2000 Cr in the next 3 years (by FY27).
  • Investing in New Geographies which offers good growth potential.
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2) Exhicon Events Media Solutions

• Business Overview - Exhicon Events Media Solutions Limited provides comprehensive products and services for the Exhibition and Event Industry, including media, integrated marketing, event infrastructure, and management. The company offers turnkey solutions for B2B and B2C events, handling permissions and licenses, and serves industries like Hospitality, F&B, and Healthcare.
• Recent Filings - The Company’s Board approved issuing 2 lakh equity shares at ₹400 each, totaling ₹8 crore, to acquire a 76% stake in Perfect-Octave Limited for ₹8.5 crore, with ₹51 lakh in cash and the remainder through a share swap. Additionally, the Board approved issuing 2 lakh warrants at ₹400 each, aggregating ₹8 crore, to both the Promoter and Non-Promoter groups.
• Recent Updates -
  • Given the company's presence in Ayodhya, they are planning to establish a venue there to tap into the religious tourism sector.
  • The company's upcoming major Capex will focus on constructing venues in Ayodhya, Pune, and Mumbai, with additional funds allocated for acquisitions.
  • The company is also working on setting up sales offices in Singapore, London, and Shanghai.
  • The acquisition of Green Branch LLC, a landscaping and contracting services firm in Dubai, is projected to drive revenue growth with an expected 50% CAGR over the next three years.
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3) Phantom Digital Effects Limited

• Business Overview - Phantom Digital Effects Limited is a leading VFX studio, known for delivering top-tier visual effects solutions for commercials, feature films, and web series worldwide. Their services encompass a broad spectrum of VFX, including final compositing, rotoscoping, 3D elements, photorealistic creatures, environments, match moving, and animations. Having completed thousands of shots for both domestic and international projects, the company also partners with larger VFX studios on subcontracted work.
• Recent Filings - The company has secured new projects worth Rs.12.4 Crore in the months of July and August 2024. These orders, comprising both international and domestic assignments, will be executed during the fiscal year 2024-25.
• Recent Outlook -
  • Phantom anticipate a substantial revenue growth of 20% to25% in the FY25.
  • The company is planning to expand into animation and gaming segments to broaden the service offerings and tap into new markets.
  • The company anticipate to reach business volume five-six times of $1 million in the first half of the year, with projections for even stronger performance in the second half.
  • The company is exploring opportunities to diversify the revenue streams through licensing intellectual property rights, original content creation and other innovative business models.
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Past Coverages

Coverage Date	Company	LTP on Coverage Date	Current LTP	% change since coverage	Recent Filings
1/08/24	PNGS Gargi Fashion Jewellery Ltd.	₹841	₹871	3.6%	EXCELLENT RESULTS For Q1 FY24, sales surged 2.1x YoY to INR 13.7 Cr (INR 44 Cr under FOFO model), with profit before tax up 93% to INR 2.9 Cr.(01st August)
08/08/24	PG Electroplast Ltd.	₹423	₹572	35.2%	ORDER On August 5, 2024, the company allotted 6,56,000 equity shares to the ‘PG Electroplast Limited Employees Welfare Trust’ under the 2020 Employee Stock Options Scheme.(08th August)
13/08/24	Hi-Tech Pipes Ltd.	₹162	₹187.9	16.0%	GOOD TO EXCELLENT RESULTS For Q1 FY24, sales rose 35% YoY to INR 867 Cr, with net profit up 2.3x to INR 18 Cr. QoQ, sales increased 27%, and net profit jumped 64%. (13th August)
14/08/24	Bondada Engineering Ltd	₹3250	₹700	-0.3%	ORDER For Q1 FY24, sales surged 2.2x YoY, and net profit jumped 3.6x. QoQ, sales were flat, while net profit declined 26%. (14th August)
8/07/24	Dynamic Services & Security Ltd	₹276	₹267	-3.3%	Share Repurchase Agreement The company has agreed to repurchase 49% of Nacof Nithin Sai Green Energy's shares from an existing shareholder.