India Exposition IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 31, 2023India Exposition Mart Limited, one of India’s leading venue planners and providers, has filed the Draft Red Herring Prospectus (DRHP) with the capital market regulator SEBI.
India Exposition IPO is being proposed to raise about Rs. 600 crore from the public. The IPO will be a combination of a Fresh Issue and an Offer for Sale.
With this India Exposition IPO Review, we will help you acknowledge and understand all the aspects of the IPO.
We will be covering topics like company operations, its products and services, promoter and management of the company, its financial statements, information related to the IPO, its important dates, IPO size and price, IPO GMP, and other details.
| Face Value | Rs 5 |
| Price Band | Not Disclosed |
| Listing At | BSE, NSE |
| Min. Order Quantity | Not Disclosed |
| Listing Date | Not Disclosed |
| Offer for Sale | Rs.1.12 crore |
| Fresh Issue | Rs.450 crore |
| IPO Size | Not Disclosed |
| Tick Size | 1 |
India Exposition IPO Overview
India Exposition IPO comprises a Fresh Issue of Equity Shares aggregating up to Rs. 450 crore and an Offer for Sale of about 1,12,10,659 Equity Shares. Some of the company’s early investors will be offloading their shares in the IPO.
Before filing the Red Herring Prospectus with RoC, the company might also consider a pre-IPO placement of up to Rs. 75 crore by way of a preferential offer or other means as permitted.
If the pre-IPO placement is executed, the offered size will be reduced to the extent of the pre-IPO placement.
India Exposition IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Disclosed |
| IPO Closing Date | Not Disclosed |
| Basis of Allotment Finalization | Not Disclosed |
| Refunds Initiation | Not Disclosed |
| Credit of Shares to Demat Account | Not Disclosed |
| Share Listing Date | Not Disclosed |
India Exposition filed the preliminary papers with SEBI in March 2022. Now the company is waiting to receive the approval so that it can forward the IPO to its launch.
The company will be raising about Rs. 600 crore through this IPO. The India Exposition IPO Dates are not determined by the company till now.
India Exposition IPO Price, Size, Share Offerings
| Face Value | Rs.5 |
| Price Band | Not Disclosed |
| Offer for Sale | Rs.1.12 crore |
| Fresh Issue | Rs.450 crore |
| IPO Size | Not Disclosed |
India Exposition IPO Size comprises of fresh share issue for up to Rs. 450 crore and an offer for sale for up to 1.12 crore equity shares.
The India Exposition IPO Price will be determined by the company and the selling shareholders in consultation with the Book Running Lead Managers.
The face value of the offered shares is Rs. 5 each. The offered shares are proposed to be listed on BSE and NSE.
India Exposition IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Disclosed | |||
A Grey market or parallel market is a marketplace for trading in the financial securities of a company before its listing on the stock exchange.
The Grey Market Premium is the price at which the shares are traded. In an IPO, the grey market plays a pivotal role in determining the IPO share price. The market is active before the IPO is open for subscription.
India Exposition IPO GMP will be available after the company reveals the IPO dates.
India Exposition IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
Subscription is the most important step of an IPO. It is the step where the company invites bids from the investors. The investors place their bids as per the floor price and the price band stated in the RHP.
India Exposition IPO Subscription will be open for a pre-determined period where the investors can invest at the price they consider right for the shares.
The IPO will be reserved among the different categories in the following manner:
75% of the offer will be reserved for the QIBs, 15% of the offer will be reserved for the Non- Institutional Bidders, and not more than 10% of the offer will be reserved for allocation to the Retail Individual Bidders.
India Exposition IPO Allotment Status
India Exposition IPO Allotment will be executed after the company has received the applications from interested bidders for a subscription to the equity shares offered in the IPO.
The company has not determined the basis of allotment. It will take place during the subscription process.
India Exposition IPO Live Performance
Check out the India Exposition IPO Performance from here anytime. You can check the updated prevalent India Exposition IPO Price here.
Subscribe to India Exposition IPO – Open Free Demat Account Now!
India Exposition – Company Review
The remarkable journey of India Exposition Mart Limited was kicked –off in 2001 as a public limited company, and it has been growing ever since.
The company specializes in hosting national and international business-to-business exhibitions, promotional events, congresses, product launches, and conferences.
India Exposition Mart is a leading venue planner and provider, especially Greater Noida. It ranks among the top four largest integrated exhibitions and conventions venue there.
They offer a wide 58 acres of land with a build-up complex of 2,34,453.29square meters area where you get the exhibition and convention facilities.
The company has over 15 years of experience in organizing and managing exhibitions and trade fairs.
Products or Services
Along with being a leading venue planner and provider, leading venue planner and provider, India Exposition Mart also offers managing and organizing seminars, ramp shows, conventions, meetings, and gala nights.
Some of the exhibitions managed by the entity include Elecrama, Indian Handicrafts and Gifts Fair, Auto Expo – The Motor Show, Print Pack, and CPHI&P-MEC.
Starting two decades, India Exposition Mart has now become a preferred choice of various companies, statutory corporations, renowned global agencies, and ministries of the government of India, including the Ministry of Commerce & Industry, Ministry of Health and Family Welfare, Ministry of Finance, Ministry of Environment, Forest and Climate Change, Export Promotion Council for Handicrafts, and other significant entities.
Promoters and Holding
India Exposition Mart Limited is professionally managed and does not comprise any identifiable promoter.
The management of India Exposition Mart Limited includes:
- Rakesh Sharma Executive, in the position of Chairman (Whole-time Director)
- Mukesh Kumar Gupta, in the position of Independent Director
- Babu Lal Dosi, in the position of Independent Director
- Anil Mansharamani, in the position of Non-Executive Director
- Sudhir Kumar Tyagi, in the position of Additional Director (Non-Executive)
- Vivek Vikas, in the position of Non-Executive Director
- Sunil Sikka, in the position of Independent Director
- Deep Chandra, in the position of Nominee Director
- Nirmal Bhandari, in the position of Independent Director
- Mohammad Fahad Ikram, in the position of Independent Director
- Pradip Navnitlal Muchhala, in the position of Independent Director
- Rajesh Kumar Jain, in the position of Independent Director
- Snighdha Saluja, in the position of Independent Director
- Raj Kumar Malhotra, in the position of Additional Director (Non-Executive)
- Sudeep Sarcar, Chief Executive Officer
- Sachin Kumar Sinha, in the position of Chief Financial Officer
- Anupam Sharma, in the position of Company Secretary and Compliance Officer
Is India Exposition good for Investment?
India Exposition Mart Limited, venue planner and management entity, in operation since 2001. The company does not have identifiable promoters and is managed professionally, strengthening its strategic implementations.
The company has organized and managed various B2B events, exhibitions, and conventions with a team of outstanding and experienced individuals.
India Exposition Mart Limited was the “Winner in India’s Leading Exhibition Venue Category at EEA 2020” and the “Satte Award 2020 for Best Exhibition Venue.”
The upcoming India Exposition IPO will bring new opportunities for the company and extend its facilities to new dimensions.
India Exposition Financial Statements
| Amount (in INR & Million) | ||||
| 30-Sept-21 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Assets | 1,884.49 | 1,871.13 | 2,177.82 | 1,873.23 |
| Revenue | 125.63 | 203.83 | 1,619.47 | 1,288.34 |
| Expense | 193.41 | 408.89 | 1,004.28 | 870.08 |
| Profit After Tax | (53.30) | (164.55) | 448.99 | 296.26 |
Likewise other industrial sectors and companies, India Exposition Mart Limited has been exposed to the effects of COVID-19, and the company’s business has gone through a bump in the previous financial year.
The company’s revenues were increasing till March 2020. Still, due to the shutdown and the restrictions implemented by the government to contain COVID-19, the operations of the India Exposition had to take a pause which impacted its total income largely.
The total income of the company in 2019, 2020, and 2021 was – 1,288.34 million, 1,619.47 million, and 203.83 million.
The profit/loss for 2019, 2020, and 2021 were – 296.26 million, 448.99 million, and (164.55) million.
In the six months of 2021 ended 30th September 2021, India Exposition Mart Limited posted a total income of 125.63 million, and its loss stood at (53.30) million.
| Earnings per Equity Share (in Million) | ||||
| 30-Sept-21 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Diluted | (0.70) | (2.22) | 6.07 | 4.00 |
Along with the income, the company’s EPS has also dived down since 2020.
The company’s EPS is slightly recovering from the last year when it stood at Rs. (2.22) as of 31st March 2021 against the EPS for the half-year of 2021, which was Rs. (0.70) as of 30th September 2021.
India Exposition IPO Review
India Exposition IPO will be about Rs. 600 crore consisting of a Fresh Issue of Rs. 450 crore and an Offer for Sale for 1.12 crore equity shares.
The selling shareholders offering shares are Pankaj Garg, Babu Lal Dosi, Rakesh Sharma, Dinesh Kumar Aggarwal, Lekhraj Maheshwari, Vectra Investments, Navratan Samdaria, Vivek Vikas, RS Computech, Overseas Carpets, and MIL Vehicles & Technologies.
The IPO is being proposed to expand the infrastructure facilities by establishing an additional guest house, multi-level car parking (“MLCP”), and high halls.
Additionally, the company will be repaying some portion or all of its outstanding debts and utilizing the proceeds for other general corporate purposes.
India Exposition IPO Details
Here are a few more details you need to know before investing in India Exposition IPO –
India Exposition IPO Issue Object
India Exposition has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Funding capital expenditure requirements for expansion of our existing infrastructure facilities by setting up of an additional guest house, multi-level car parking (“MLCP”) and high halls;
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company; and
- General corporate purposes.
India Exposition IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established track record and brand recognition;
- Domain know-how and execution track record;
- World-class infrastructure and onsite amenities including the ability to provide a bouquet of services required for organizing exhibitions;
- Strong relationships with exhibition organisers;
- Professional and experienced management with a strong and independent Board; and
- Well-connected into the Indian and Global exhibition ecosystem;
Quantitative factors are:
| Basic EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (2.22) | (12.13) | 18.31 |
| 31-Mar-20 | 6.07 | 29.74 | – |
| Mar-19 | 4.00 | 25.66 | – |
India Exposition IPO Lead Managers
Here are the list of Lead managers –
- Emkay Global Financial Services Limited
India Exposition IPO Registrar to offer
Check out the details of the registrar here –
KFin Technologies Limited
(formerly known as KFin Technologies Private Limited)
Selenium, Tower-B, Plot No. 31 & 32,
Financial District, Nanakramguda, Serilingampally
Hyderabad, Rangareddi – 500 032, India
Tel: +91 40 6716 2222
E-mail: ieml.ipo@kfintech.com
Investor grievance E-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
SEBI Registration No.: INR000000221
India Exposition IPO – Other Details
- Statutory Auditor – SCV & Co.
- Legal Counsel to the Company – Trilegal
- Bankers to the Company – The Federal Bank Ltd.
India Exposition IPO – Conclusion
Although the financial standings of India Exposition Mart are not very favorable presently, the company is a choice of numerous statuary entities and private companies and corporations.
The company has spread its operations to a large scale over the years. It offers technology-driven, world-class facilities backed by strong safety measures to ensure the best quality and management.
India Exposition IPO is also a means for the entity to expand and diversify its business. This step will help the business gain more business in the future times and improve its income.
Investors can take into consideration the investment in this IPO after examining all the growth opportunities and the associated risks of the business.
To Subscribe to India Exposition IPO – Open Demat Account Now!
India Exposition IPO Review FAQs
Check out the FAQs on India Exposition IPO –
What is the Issue Size of India Exposition IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of India Exposition IPO?
The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.5 per share.
What is the India Exposition IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the India Exposition IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the India Exposition IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of India Exposition IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of India Exposition IPO?
Here are the promoters of this IPO – PROFESSIONALLY MANAGED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of India Exposition IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is India Exposition IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of India Exposition Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is (164.55), 2020 is 448.99, 2019 is 296.26. PAT from Sept 2021 is (53.30).
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