Propshop Events & Exhibitions IPO
ListedSME
1.53×
Subscribed
Price band
₹69 – ₹69
Issue size
₹28.57 Cr
Open – close
27 Jul 2026
to 29 Jul 2026
Listing
03 Aug 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Caution4 of 7 dimensions read
The filing raises real questions — 2 of 4 signals read negative
Strength42/100
- Undemanding valuation11.3× earnings at the upper band, with no peer set published to compare against
- Slow revenue growthRevenue compounding at only 5.6%
- Low return on equityROE of 8.5% — the business earns little on the capital it already has
- Institutional book coveredQIB portion subscribed 1.37×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed, and is pulled toward neutral to reflect how much the document leaves unsaid. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens27 Jul 2026
- Closes29 Jul 2026
- Listing03 Aug 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB1.37x
Non-institutionalNII / HNI1.38x
Big NIIabove ₹10L1.19x
Small NII₹2L – ₹10L1.75x
Retail individualRII1.77x
854 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 29 Jul 2026.
Chance of allotment
Retail1.77× subscribed
~1 in 1.8
Retail is 1.77× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 1.8 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII1.38× subscribed
~1 in 1.4
HNI is 1.38× subscribed. This category is allotted proportionately, so a bid receives roughly 1/1.4 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹69 – ₹69
Total issue size₹28.57 Cr
Listing atSME platform
Company & valuation
P/E at upper band11.33×
Return on equity8.54%
ROCE49.62%
Debt/Equity0.00
RoNW36.35%
PAT Margin10.81%
EBITDA Margin14.93%
NAV15.75
Price to Book Value4.38
ISININE1FFX01018
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB | 11,82,000 | 28.55% |
| NII (HNI) | 12,06,000 | 29.13% |
| bNII > ₹10L | 8,04,000 | 19.42% |
| sNII < ₹10L | 4,02,000 | 9.71% |
| Retail | 15,36,000 | 37.10% |
| Market Maker | 2,16,000 | 5.22% |
Total issue 41,40,000 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,76,0002 lots · 4,000 sh
Individual investors (IND) (Max)₹2,76,0002 lots · 4,000 sh
S-HNI (Min)₹4,14,0003 lots · 6,000 sh
S-HNI (Max)₹9,66,0007 lots · 14,000 sh
B-HNI (Min)₹11,04,0008 lots · 16,000 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
What the money is for
Stated use of the net proceeds
- 01Funding working capital requirements of the Company₹16.62 Cr
- 02General Corporate Purposes₹3.46 Cr
Financials
Restated figures as reported in the offer document, ₹ crore
| Period | Revenue | EBITDA | PAT | Net worth | Debt |
|---|---|---|---|---|---|
| 2023 | 25.911 | — | 0.968 | 8.145 | — |
| 2024 | 59.808 | — | 6.323 | 11.101 | — |
| 2025 | 51.518 | — | 6.464 | 18.462 | — |
| 2026 | 30.515 | — | 2.195 | 25.707 | — |
Revenue CAGR 5.6%PAT CAGR 31.4%
How the issuer compares
The listed companies the offer document itself names as comparable.
| Company | EPS | P/E | NAV | RoNW |
|---|---|---|---|---|
| Propshop Events and Exhibitions Limitedthis issue | 6.09 | 11.33 | 10.90 | 55.86% |
| Exhicon Media Solutions Limited | 15.56 | 27.31 | 86.46 | 27.00% |
Blank cells are figures the offer document does not publish. An unlisted issuer has no market price, so it has no price-based multiple until it lists — which is exactly why the comparison is against companies that already trade. The peer set is the issuer's own selection, so read it as the flattering-est comparison available rather than a neutral one.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumThe majority of sales is concentrated in the states of Gujarat, Maharashtra and Karnataka, representing 68.21% of revenue from operations for the period ended February 28, 2026. Any adverse developments affecting operations in these states could have an adverse impact on the business, financial cond
mediumThe company outsources booth fabrication and related services, with 90.89% of revenue for the period ended February 28, 2026 derived from subcontractors. There are no executed registered formal arrangements with these subcontractors governing matters such as product specification, quality standards,
Litigation
The company is involved in various legal proceedings arising in the ordinary course of business, primarily civil suits, criminal proceedings, regulatory proceedings, and tax disputes pending before various authorities. There is no outstanding legal proceeding against the Company which has been considered material in accordance with the Company's 'Policy for Determining Materiality of any Event'. The section discloses all outstanding criminal litigation and tax proceedings involving the Company, all outstanding civil litigation above the Materiality Threshold, all outstanding actions by statutory or regulatory authorities, any other outstanding litigations where an adverse outcome would materially and adversely affect the business, operations, prospects, reputation or financial position, and details of litigations involving the Directors and Promoters. There are no inquiries, inspections or investigations initiated or conducted under the Companies Act, 2013 in the last three years involving the Company, nor are there any prosecutions filed, fines imposed, or compounding of offences. There are no material frauds committed against the Company in the last three years. There are no significant and material orders passed by the regulators, courts and tribunals.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
-2.2%
Listed up
1 of 8
Best
+0.4%
Papadmalji Agro Foods Limited
Worst
-17.5%
Himalayan Solar
Ravita Engineering Services Limitedsame segment
6.7× sub+0.0%
Vaibhav Vyapaar Limitedsame segment
3.1× sub-2.0%
R.K. Fashion Accessories Limitedsame segment
2.6× sub-2.4%
Eventions Limitedsame segment
2.3× sub-5.9%
Green Asia Impexsame segment
1.0× sub+0.0%
Papadmalji Agro Foods Limitedsame segment
2.5× sub+0.4%
Dudani Retailsame segment
1.4× sub-13.8%
Himalayan Solarsame segment
1.2× sub-17.5%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Propshop Events & Exhibitions IPO subscribed?
Propshop Events & Exhibitions is subscribed 1.53× overall (QIB 1.37×, NII 1.38×, retail 1.77×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar.
What are the chances of allotment in the Propshop Events & Exhibitions IPO?
The retail portion is subscribed 1.77×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 2. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.