India Exposition Mart Files IPO: Rs 75 Lakh Shares for Fresh Issue

India Exposition Mart Ltd has filed preliminary papers with Sebi for an Initial Public Offering, seeking to raise fresh capital and facilitate an offer-for-sale by existing shareholders. The IPO includes a fresh issue of 75 lakh equity shares and an offer-for-sale of 23 lakh equity shares.

IPO Structure Unveiled

The company submitted its draft red herring prospectus (DRHP) on Monday. This move aims to secure funding for significant infrastructure upgrades and expansion projects.

• Fresh Issue: 75 lakh equity shares
• Offer-for-Sale (OFS): 23 lakh equity shares from existing shareholders
• Key OFS Seller: Vectra Investments Private Limited

Planned Capital Deployment

Proceeds from the fresh issue are earmarked for specific capital expenditures at the India Expo Centre and Mart facilities.

• Rs 63.8 crore will fund upgrades to air handling units, chillers, cooling towers, lifts, escalators, variable frequency drives, and other related works.
• Rs 30.8 crore is allocated for renovating exhibition halls 4 and 6, constructing exhibition hall 18 at the India Expo Centre and Mart, and for general corporate purposes.

Operational Overview & Financials

Established in 2001, the New Delhi-based India Exposition Mart operates the “India Expo Centre and Mart” in Greater Noida, Uttar Pradesh, on a leasehold basis. This integrated center provides services for the meetings, incentives, conferences, and exhibitions (MICE) ecosystem.

• FY26 Revenue from Operations: Rs 290.6 crore
• FY26 Net Profit: Rs 31.1 crore

Transaction Facilitators

• Book-Running Lead Manager: Choice Capital Advisors
• Registrar for the Issue: KFin Technologies Limited