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India Exposition Mart Limited

DRHP · filed 04 Sept 2026

Draft filed

This is a draft. SEBI has not cleared it, there is no final price yet, and it may never become an IPO.

India Exposition Mart Limited operates the India Expo Centre and Mart, a large-format exhibition venue, and has reported a revenue of Rs 290.63 crore and a profit of Rs 31.16 crore in the latest fiscal year, with a 22.17% revenue CAGR. The company's financial performance is materially impacted by the cancellation or postponement of its top ten events, which accounted for approximately 90.77% of revenue in the latest fiscal year. The company faces high-severity operational and revenue concentration risks, as its business is heavily dependent on a single leased venue and a limited number of third-party event organisers.

What stands out

Risk factor. Our business is substantially dependent on the India Expo Centre and Mart, our sole large-format exhibition venue, which is operated on a leasehold basis. Any disruption to its operations, including structural damage, fire, flooding, power failure, regulatory enforcement action, lockdown, civil dist

Risk factor. Our revenue is concentrated in the Third-Party Events vertical, which accounted for 56.44%, 59.26%, and 60.80% of our revenue from operations in Fiscals 2026, 2025, and 2024, respectively. The loss of, or a significant reduction in, bookings from key third-party event organisers could materially and

Risk factor. Our revenue from the Third-Party Events vertical is concentrated among a limited number of large-format events, with the top ten events accounting for approximately 90.77%, 82.34%, and 78.39% of revenue in Fiscals 2026, 2025, and 2024, respectively. The cancellation, postponement, non-recurrence, or

Low leverage. Debt-to-equity of 0.00x.

Strong revenue growth. Restated revenue CAGR of 22.2%.

How the offer is structured

  • Funding capital expenditure requirements of our Company for upgradation of air handling units, chillers, cooling towers, lifts and escalators, variable frequency drives and other ancillary works at India Expo Centre and Mart₹638 Cr
  • Funding capital expenditure requirements of our Company for renovation of exhibition hall 4 and exhibition hall 6, and build-up of exhibition hall 18, at India Expo Centre and Mart₹308 Cr
  • General Corporate Purposes

Restated financials

Revenue

₹291 Cr

Latest fiscal year

Profit after tax

₹31.2 Cr

Revenue CAGR

22.2%

Return on equity

11.3%

Debt / equity

0.00

PAT CAGR

15.6%

Fiscal yearRevenueEBITDAPATNet worth
2024₹195 Cr₹23.3 Cr₹225 Cr
2025₹241 Cr₹38.6 Cr₹254 Cr
2026₹291 Cr₹31.2 Cr₹275 Cr

Promoters, litigation & related parties

Related-party

3.1%

Share of revenue

Except as disclosed in this section, there are no outstanding criminal proceedings, actions taken/penalties imposed by statutory and/or regulatory authorities, claims related to direct and indirect taxes, other pending litigation, or litigation involving Group Companies involving the Company, Subsidiaries, or Directors, Key Managerial Personnel and Senior Management. For cases involving the Company under Section 138 of the Negotiable Instruments Act, 1881, the aggregate number of cases and aggregate amount involved are disclosed in a generic manner without specific details. Pre-litigation notices received by Relevant Parties, Key Managerial Personnel, and Senior Management from third parties (excluding notices issued by authorities or threatening criminal action) are not considered outstanding litigation until the parties are impleaded in proceedings. There are no outstanding material dues to creditors.

Risks the company discloses

  • Our business is substantially dependent on the India Expo Centre and Mart, our sole large-format exhibition venue, which is operated on a leasehold basis. Any disruption to its operations, including structural damage, fire, flooding, power failure, regulatory enforcement action, lockdown, civil disturbance, or loss of key operating licences, could result in the cancellation or postponement of multiple events, loss of venue licence fee income, and ancillary revenues.(Operational Concentration)

  • Our revenue is concentrated in the Third-Party Events vertical, which accounted for 56.44%, 59.26%, and 60.80% of our revenue from operations in Fiscals 2026, 2025, and 2024, respectively. The loss of, or a significant reduction in, bookings from key third-party event organisers could materially and adversely affect our business and results of operations.(Revenue Concentration)

  • Our revenue from the Third-Party Events vertical is concentrated among a limited number of large-format events, with the top ten events accounting for approximately 90.77%, 82.34%, and 78.39% of revenue in Fiscals 2026, 2025, and 2024, respectively. The cancellation, postponement, non-recurrence, or reduction in scale or frequency of any such event could materially adversely affect our revenue and business.(Event Concentration)

  • We typically enter into agreements with event organisers for a single edition or a limited number of editions, and we do not have long-term or exclusive arrangements with most third-party event organisers. Consequently, there can be no assurance that organisers will continue to host events at our venue, renew arrangements on favourable terms, or at all.(Contractual Risk)

  • Our India Expo Centre and Mart is dependent on infrastructure including power supply, HVAC systems, water supply, sewage treatment, IT and communications networks, and third-party service providers for housekeeping, security, fire safety, and catering. Any failure or disruption in these systems or services could impair the conduct of events and expose us to reputational damage and contractual claims.(Infrastructure Dependency)

  • Our India Expo Centre and Mart is dependent on infrastructure including a 34 MW power supply capacity supplemented by a 3.00 MW solar power system. Any failure or disruption in these power systems could impair the conduct of events.(Infrastructure Dependency)

  • Our India Expo Centre and Mart is dependent on third-party service providers for housekeeping, security, fire safety, and catering. Any failure or disruption in these services could impair the conduct of events and expose us to reputational damage and contractual claims.(Third-Party Dependency)

  • Our revenue from the Third-Party Events vertical is concentrated among a limited number of large-format events, and certain marquee events are held only periodically, such as annually or biennially. Consequently, our revenue may vary significantly between financial periods depending on the timing, scale, and recurrence of such events.(Revenue Volatility)

How this document reads, dimension by dimension

growthrevenue CAGR 22.2%
balance sheetdebt/equity 0.00x
profitabilityROE 11.3%

Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.

Figures are extracted automatically from the document filed with SEBI and may contain errors — the linked SEBI document is the authoritative record; analysed 05 Sept 2026.

Not investment advice

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