Propshop Events and Exhibitions Limited provides end-to-end trade show and exhibition booth solutions, encompassing 3D concept design, logistics, fabrication, and post-event dismantling for domestic and international markets.
The Propshop Events and Exhibitions Limited IPO will accept public bids from July 27, 2026, to July 29, 2026, with the goal of raising up to ₹28.57 crores.
The company aims to raise capital via a fresh issue of 33,40,000 equity shares and an Offer for Sale of 8,00,000 shares by its promoters to primarily fund working capital needs. Find all the latest IPOs at a place with key details.
The price band for this NSE SME offering is fixed at ₹65 to ₹69 per share, requiring a minimum retail bidding lot of 2,000 shares.
Inside, you will find a comprehensive review of the Propshop Events and Exhibitions Limited IPO, including today's GMP, live subscription tracking, the price band, and the allotment timeline.
Briefs of Propshop Events and Exhibitions Limited IPO Details
- Price Band: ₹65 – ₹69 per share
- IPO Open / Close Dates: 27 July 2026 / 29 July 2026
- Lot Size: 2,000 shares
- Issue Size: 41,40,000 shares / Up to ₹28.57 crores
- Fresh Issue / OFS: Fresh Issue of 33,40,000 shares / OFS of 8,00,000 shares
- Registrar: MUFG Intime India Pvt.Ltd.
- Listing Exchange: NSE SME
IPO Reservation
- Face value: ₹10 per share
- Anchor offer: Nil
- QIB-shares: Not more than 30.12% of the Net Offer
- NIIs-Shares offered: Not less than 30.73% of the Net Offer
- RIIs- Shares offered: Not less than 39.15% of the Net Offer
Check key iPO Terms in IPO Glossary: 100+ Important Terms Every Investor Should Know.
What is Today's Grey Market Premium (GMP) for the Propshop Events and Exhibitions Limited IPO?
Our GMP tracker allows you to monitor daily gmp trends for this and various other corporate listings.
Be aware that these rates are unofficial indicators based entirely on private demand shifts; they change daily and are not monitored or endorsed by SEBI, the NSE, or the BSE.
Check more GMP vs listing performance in GMP vs Listing Gains June 2026 IPOs: A Data Analysis of 22 IPOs.
What is the Official Schedule and Allotment Timeline for the Propshop Events and Exhibitions Limited IPO?
- IPO Open & Close Date: 27 July 2026 to 29 July 2026
- Basis of Allotment Date: 30 July 2026
- Refund Initiation Date: 31 July 2026
- Credit of Shares: 31 July 2026
- Listing Date: 3 August 2026
What Are The Objectives of Propshop Events and Exhibitions Limited IPO?
Management will allocate the net capital from this fresh issue toward the following primary purposes:
- Working Capital Requirements: A major allocation of ₹16.62 crores will be directed toward funding significant working capital needs, enabling quicker project turnarounds and supporting the extended credit cycles of international clients.
- General Corporate Purposes: The remaining balance (capped at 15% of gross proceeds or ₹10.00 crores, whichever is lower) will fund business development, marketing, and routine operational expenses.
- OFS Objective: The Offer for Sale proceeds will go entirely to the promoter selling shareholders, Prathamesh and Aarti Pusalkar.
How is The Financial Performance of Propshop Events and Exhibitions Limited?
Below is a financial data summary for Propshop Events and Exhibitions Limited, recorded in crores of rupees.
Period Ended | 28 Feb 26 | 31 Mar 25 | 31 Mar 2024 | 31 Mar 23 |
Total Income | 59.94 | 51.59 | 30.57 | 25.93 |
Profit After Tax | 6.46 | 6.32 | 2.19 | 0.97 |
EBITDA | 8.93 | 8.55 | 2.95 | 1.28 |
Total Borrowing | 0.00 | 0.63 | 0.43 | 0.00 |
Assets | 25.71 | 18.46 | 11.10 | 8.15 |
Source: RHP
Financial Observations
Total Income
The company showcased robust top-line momentum across the reported financial periods.
- Total income scaled from ₹25.93 crores in FY23 to ₹59.94 crores in the 11 months ended Feb 2026.
- A strategic expansion into high-margin international exhibition markets contributed heavily to this surge.
Profit After Tax
Net earnings experienced exceptional growth as the scale of global operations widened.
- PAT jumped from just ₹0.97 crores in FY23 to ₹6.46 crores by February 2026.
- Export revenues, which inherently carry higher profit margins than domestic projects, fuelled this bottom-line performance.
EBITDA
Core operational earnings improved notably due to an asset-light, agile business model.
- EBITDA grew from ₹1.28 crores in FY23 to ₹8.93 crores for the period ending Feb 2026.
- Efficient vendor management and subcontracting allowed the firm to keep fixed capital costs firmly in check.
Total Borrowing
The business managed to maintain a remarkably low debt profile during its rapid expansion phase.
- Total borrowings stood at absolute zero in FY23 and February 2026, briefly peaking at ₹0.63 crores in FY25.
- This signals strong internal cash generation and yields a highly favourable debt-to-equity structure.
Assets
The company's resource base compounded steadily to support a higher volume of concurrent projects.
- Total assets expanded from ₹8.15 crores in FY23 to ₹25.71 crores by February 2026.
- This build-up largely reflects the rising trade receivables associated with executing large-scale, cross-border events.
What Are the P/E ratio and Peer Comparison of Propshop Events and Exhibitions Limited?
The Price-to-Earnings (P/E) ratio is a crucial valuation parameter calculated by dividing the current market share price by the company's Earnings Per Share (EPS).
It indicates how much market participants are willing to pay for every single rupee of corporate profit generated.
At the upper price band of ₹69 and a Basic EPS of ₹6.09 for FY25, Propshop Events and Exhibitions Limited's P/E ratio stands at approximately 11.33x.
Name of the Company | Face Value (₹) | Revenue from Operations (₹ Cr) | Basic EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
Propshop Events and Exhibitions Ltd | 10 | 51.52 | 6.09 | 11.33 | 55.86 | 10.90 |
Exhicon Events Media Solutions Ltd | 10 | 143.51 | 20.06 | 27.31 | 27.00 | 86.46 |
Analysis:
Propshop Events and Exhibitions Limited enters the primary market demanding a P/E multiple of approximately 11.33x.
When benchmarked against its sole listed industry peer, Exhicon Events Media Solutions, which trades at a P/E of 27.31x, the issue is priced at a visible discount.
Although Propshop operates on a smaller revenue base (₹51.52 crores compared to Exhicon's ₹143.51 crores in FY25), it boasts a vastly superior Return on Net Worth (RoNW) of 55.86% versus Exhicon's 27.00%. This highlights Propshop’s highly efficient utilisation of shareholder equity and the profitability of its asset-light, export-driven operational model.
What is The Industry Outlook of Propshop Events and Exhibitions Limited?
Growth potential: The MICE (Meetings, Incentives, Conferences, and Exhibitions) industry is witnessing strong post-pandemic tailwinds as global trade normalizes. Corporations are increasing their marketing budgets for physical B2B trade shows to restore client engagement and showcase tangible innovations.
Market trends and competitors: The exhibition and events management space is highly fragmented, populated largely by unorganised players. Success heavily depends on strict deadline management, aesthetic design capabilities, and the capacity to seamlessly handle logistics across different international jurisdictions. Asset-light models are becoming the industry standard to mitigate the heavy fixed costs of idle inventory.
What Are The Strengths and Risks of Propshop Events and Exhibitions Limited IPO ?
Strengths:
- Asset-Light Scalability: By relying on vendor management and subcontracting rather than owning extensive manufacturing infrastructure, the company maintains high operational agility.
- Global Reach: The firm aggressively expanded its footprint across the US, UK, Germany, and the UAE, growing export revenue by 334.01% in FY25.
- Exceptional Return Ratios: As of FY25, the company posted a highly lucrative Return on Equity (RoE) of 81.67% and a Return on Capital Employed (RoCE) of 74.14%.
Risks:
- High Subcontractor Dependency: Approximately 90.89% of the revenue execution was outsourced in the period ended Feb 2026, exposing the firm to potential third-party delays and quality control issues.
- Working Capital Strain: Trade receivables surged from ₹1.74 crores in FY24 to ₹9.11 crores by Feb 2026, primarily due to the 90-120 day payment cycles characteristic of international clients.
- Geographic Concentration: Nearly 75% of its domestic revenue is sourced from just three states: Gujarat, Maharashtra, and Karnataka.
Key Considerations for Investors
- Subcontractor Dependency: The firm outsources extensively, with 90.89% of its revenue execution reliant on third-party subcontractors, exposing it to external quality and delay risks.
- Working Capital Strain: International clients demand longer payment cycles (90-120 days), pushing trade receivables to ₹9.11 crores by February 2026 and necessitating IPO funds for liquidity.
- Margin Expansion: Export revenue surged by 334.01% in FY25, providing superior pricing power and driving a highly lucrative Return on Equity (RoE) of 81.67%.
- Asset-Light Model: Maintaining an asset-light framework has allowed the company to remain virtually debt-free while aggressively scaling operations globally
Key Takeaways
- IPO Price Band: ₹65 to ₹69 per equity share
- Lot Size: 2,000 shares (Minimum retail investment of ₹1,38,000)
- Allotment : Allotment on 30 July 2026
- Listing Dates: Listing on NSE SME on 3 August 2026
Important IPO Related Resources:
1. IPO Calendar India| Upcoming & Live IPOs in India
2. IPO Allotment Status – How to Check Allotment Status of IPO Shares
3. June 2026 IPO Review: 22 IPOs, ₹2,502 Cr Raised & 75.98x Average Subscription
4. June 2026 IPO Subscription Review: 25 IPOs Data, Demand Patterns & Key Trends
5. IPO Glossary: 100+ Important Terms Every Investor Should Know
FAQs on Propshop Events and Exhibitions Limited IPO
What is Propshop Events and Exhibitions Limited IPO GMP today?
You can track the newest Grey Market Premium (GMP) updates for this small and medium enterprise (SME) offering on our main GMP dashboard, where informal premium rates fluctuate daily based on changing market mood.
What is Propshop Events and Exhibitions Limited IPO price band?
The official pricing range for this equity issue is established at ₹65 to ₹69 per share.
What is Propshop Events and Exhibitions Limited IPO allotment date?
The company plans to finalize its share distribution status on July 30, 2026.
How to check Propshop Events and Exhibitions Limited IPO allotment status?
You can confirm your final share results on the official website of the issue's registrar, MUFG Intime India Pvt. Ltd., by entering your PAN card number or application identification.
What is Propshop Events and Exhibitions Limited IPO listing date?
The official debut for these shares on the NSE SME platform is scheduled for August 3, 2026.
Investment Perspective on Propshop Events and Exhibitions Limited IPO
Propshop Events and Exhibitions presents a compelling growth story driven by an agile, asset-light model and expanding high-margin international operations.
The company boasts exceptional return ratios, including an 81.67% RoE, with FY25 revenue reaching ₹51.52 Crores.
However, investors must carefully weigh these strengths against notable risks, specifically its heavy reliance on subcontractors for execution and intense working capital requirements that historically caused negative cash flows.
Disclaimer:
This information is meant for general educational purposes only and is not personalized investment advice. We strongly recommend consulting a SEBI-registered professional before making any stock market investments.
