Propshop Events & Exhibitions IPO
Propshop Events & Exhibitions IPO was a Book Built Issue of ₹28.57 crore comprising a Fresh Issue of 33,40,000 equity shares aggregating to ₹23.05 crore and an Offer for Sale of 8,00,000 equity shares aggregating to ₹5.52 crore. The price band was ₹65 to
Propshop Events & Exhibitions IPO Details
Propshop Events & Exhibitions IPO opened for subscription on 27 July 2026 and closed on 29 July 2026. The basis of allotment was finalised on 30 July 2026, refunds and credit of shares were completed on 31 July 2026, and the shares were listed on NSE SME on 3 August 2026.
Propshop Events & Exhibitions IPO GMP
Propshop Events & Exhibitions IPO GMP was reported at ₹0 around the listing period. GMP is unofficial grey-market information and is not an official exchange price or a guaranteed indicator of listing performance.
Propshop Events & Exhibitions IPO Timeline (Tentative)
Propshop Events & Exhibitions IPO opened on 27 July 2026 and closed on 29 July 2026. The allotment was finalised on 30 July 2026, refunds and share credits were initiated on 31 July 2026, and the company was listed on NSE SME on 3 August 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Mon, Jul 27, 2026 |
| IPO Close Date | Wed, Jul 29, 2026 |
| Basis of Allotment | Thu, Jul 30, 2026 |
| Initiation of Refunds | Mon, Aug 31, 2026 |
| Credit of Shares to Demat | Mon, Aug 31, 2026 |
| Listing Date | Thu, Sep 3, 2026 |
| Anchor Investor Bidding | Not Applicable |
| IPO Opens | 27 July 2026 |
| IPO Closes | 29 July 2026 |
| Basis of Allotment | 30 July 2026 |
| Refund Initiation | 31 July 2026 |
| Credit of Shares to Demat | 31 July 2026 |
| Listing Date | 3 August 2026 |
Propshop Events & Exhibitions IPO Lot Size
The IPO lot size was 2,000 shares, but the minimum application requirement for an individual investor was 4,000 shares, or two lots. At the upper price band of ₹69, the minimum retail application required ₹2,76,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 2,76,000 |
| Retail (Max) | 2 | 4,000 | 2,76,000 |
| S-HNI (Min) | 3 | 6,000 | 4,14,000 |
| S-HNI (Max) | 7 | 14,000 | 9,66,000 |
| B-HNI (Min) | 8 | 16,000 | 11,04,000 |
Propshop Events & Exhibitions IPO Reservation
The Propshop Events & Exhibitions IPO offered 11,82,000 equity shares to QIBs, 12,06,000 equity shares to NII investors and 15,36,000 equity shares to retail investors. A separate 2,16,000 equity shares were reserved for the market maker.
Propshop Events & Exhibitions IPO Subscription
Propshop Events & Exhibitions IPO was subscribed 1.53 times overall. QIBs subscribed 1.37 times, NII investors 1.38 times and retail investors 1.77 times. The final subscription data is based on the issue's net offer after excluding the market maker reservation portion.
| Category | Subscription (times) |
|---|---|
| QIB | 1.37 |
| NII | 1.38 |
| RII | 1.77 |
| Total | 1.53 |
About Propshop Events & Exhibitions
Propshop Events & Exhibitions Limited is engaged in providing trade show and exhibition booth solutions. The company offers custom-built and modular exhibition booths for business events and exhibitions, covering activities from concept design and 3D visualisation to project management, logistics, fabrication, installation, on-site supervision and post-event dismantling support.
The company was incorporated as Propshop Events and Exhibitions Private Limited on 22 August 2019 and was subsequently converted into a public limited company. Its registered office is located at 18E AC Shed, Plot No. 837, TPS 3, Mori Road, Mahim West, Mumbai, Maharashtra.
Propshop operates in the exhibition and event-services industry and provides end-to-end solutions to clients from different sectors. Its clientele includes companies from industrial machinery and equipment, building materials, furnishing and décor, chemicals, media and entertainment, healthcare and cosmetics, food and beverages and other industries.
The company's services include booth conceptualisation, design, project management, logistics, on-site execution, fabrication, installation and dismantling. Design and conceptualisation are handled in-house and through project-based collaborations, while booth fabrication and related services are outsourced under the company's supervision.
Propshop has a global execution model and works with local teams and partners in important exhibition markets, including the United States, United Kingdom, Dubai, Germany, Spain and Singapore. The company states that its business model allows it to provide exhibition solutions adapted to local requirements and regulations.
As of 30 June 2026, the company had 125 employees. It had also executed more than 5,000 exhibition booths for over 1,100 clients, according to company-related IPO disclosures.
Strengths
- Provides end-to-end exhibition booth and trade-show solutions.
- Offers both custom-built and modular exhibition booths.
- Provides services covering design, project management, logistics, fabrication, installation and dismantling.
- Serves clients from multiple industries, reducing dependence on a single customer sector.
- Has an asset-light operating model with outsourced fabrication and project-based resources.
- Has an established presence in the exhibition and event-services industry.
- Global execution capabilities through local teams and partners.
- Experience across major international exhibition markets.
- In-house design and conceptualisation capabilities.
- Revenue and profitability increased significantly over the reported financial periods.
- FY2026 revenue from operations for the 11-month period ended 28 February 2026 was ₹59.81 crore.
- FY2026 profit after tax for the same 11-month period was ₹6.46 crore.
Risks to Consider
- The company operates in a fragmented and competitive exhibition-services industry.
- A significant portion of sales is concentrated in Gujarat, Maharashtra and Karnataka.
- The business depends on winning new exhibition and event projects and retaining existing customers.
- Project execution can be affected by event cancellations, postponements or changes in customer requirements.
- The company outsources booth fabrication and related services and therefore depends on external vendors and partners.
- International operations expose the company to local regulatory and operational requirements.
- The business can require significant working capital for project execution.
- Delays in customer payments can affect working-capital requirements.
- The company operates in an industry where project revenues may fluctuate between periods.
- Expansion into additional international markets involves execution and partner-related risks.
- The company operates in a competitive market where pricing pressure can affect margins.
Propshop Events & Exhibitions Financials (₹ Cr)
Propshop Events & Exhibitions reported revenue from operations of ₹30.51 crore in FY2024, ₹51.52 crore in FY2025 and ₹59.81 crore for the 11-month period ended 28 February 2026. PAT increased from ₹2.19 crore in FY2024 to ₹6.32 crore in FY2025 and ₹6.46 crore in the latest reported 11-month period.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2024 | 30.51 | 2.19 | 11.10 | 4.17 |
| FY2025 | 51.52 | 6.32 | 18.46 | 11.32 |
| 11M FY2026 | 59.81 | 6.46 | 25.71 | 17.78 |
KPIs & Valuation
For the 11-month period ended 28 February 2026, Propshop Events & Exhibitions reported EPS of ₹5.72, ROE of 44.42%, ROCE of 49.62%, EBITDA margin of 14.93%, PAT margin of 10.81% and a debt-to-equity ratio of 0.00.
Objects of the Issue
The net proceeds from the Fresh Issue were proposed to be used primarily for funding the company's working capital requirements and for general corporate purposes. The company proposed ₹16.62 crore towards working capital requirements.
- The company proposed to utilise the Fresh Issue proceeds for:
- Funding working capital requirements of the Company – ₹16.62 crore.
- General corporate purposes – balance amount of the net proceeds after meeting the stated issue expenses and working-capital requirement.
- The Offer for Sale consisted of 8,00,000 equity shares. Prathamesh Shantaram Pusalkar offered 5,00,000 equity shares, while Aarti Prathamesh Pusalkar offered 3,00,000 equity shares. Proceeds from the OFS accrued to the selling shareholders.
Promoters, Lead Managers & Registrar
Propshop Events & Exhibitions Limited is promoted by Prathamesh Shantaram Pusalkar and Aarti Prathamesh Pusalkar. Unistone Capital Private Limited acted as the Book Running Lead Manager, while MUFG Intime India Private Limited acted as the Registrar to the Issue. Bullpulse Marketedge Private Limited was the Market Maker.
Promoters
Lead Managers (BRLM)
Registrar
| Name | MUFG Intime India Private Limited |
|---|---|
| Phone | +91 810 811 4949 |
| propshopevents.smeipo@in.mpms.mufg.com | |
| Website | https://in.mpms.mufg.com/ |
Propshop Events & Exhibitions IPO Review
Propshop Events & Exhibitions operates in the exhibition and trade-show solutions industry, providing customers with end-to-end services ranging from booth design and conceptualisation to execution and dismantling. Its combination of in-house design capabilities and outsourced fabrication allows the company to maintain an asset-light operating model.
The company has developed a diversified customer base across industries such as industrial machinery, building materials, furnishing and décor, chemicals, media and entertainment, healthcare, cosmetics and food and beverages. This industry diversity can help reduce dependence on any single end-user segment.
Propshop also has international execution capabilities. Its operations are supported by local teams and relationships across markets including the US, UK, Dubai, Germany, Spain and Singapore. This provides exposure to international exhibitions while allowing the company to work with local execution partners.
Financial performance showed growth over the reported periods. Revenue from operations increased from ₹30.51 crore in FY2024 to ₹51.52 crore in FY2025 and ₹59.81 crore for the 11-month period ended 28 February 2026. PAT increased from ₹2.19 crore in FY2024 to ₹6.32 crore in FY2025 and ₹6.46 crore in the 11-month period ended February 2026.
The company's total assets increased from ₹11.10 crore in FY2024 to ₹18.46 crore in FY2025 and ₹25.71 crore as of 28 February 2026. Net worth increased from ₹4.17 crore in FY2024 to ₹11.32 crore in FY2025 and ₹17.78 crore as of 28 February 2026.
For the 11-month period ended 28 February 2026, the company reported EPS of ₹5.72, ROE of 44.42%, ROCE of 49.62%, EBITDA margin of 14.93% and PAT margin of 10.81%. The reported debt-to-equity ratio was 0.00.
At the upper price band of ₹69, the IPO offered the shares at a valuation based on the company's reported earnings. The pre-IPO EPS for the period ended 28 February 2026 was ₹5.72. Since the latest reported period is an 11-month period rather than a full financial year, investors should be careful when comparing this EPS directly with full-year historical figures.
The IPO raised ₹23.05 crore through the Fresh Issue, while ₹5.52 crore came through the Offer for Sale. The fresh capital was intended mainly to strengthen working capital, which is relevant for an exhibition-services company where project execution can require funding before customer collections are received.
The IPO received moderate demand during the bidding period and closed with overall subscription of 1.53 times. Retail investors recorded the highest subscription at 1.77 times, followed by NII at 1.38 times and QIB at 1.37 times.
The stock listed on NSE SME on 3 August 2026. The issue price was ₹69, while the reported listing price was ₹55.20, representing a 20% discount to the issue price.
Overall, Propshop Events & Exhibitions offers exposure to the exhibition and trade-show services industry with an asset-light model, diversified customer industries and international execution capabilities. Its improving financial performance and working-capital support from the IPO were positive factors. However, investors should consider the fragmented nature of the industry, regional concentration, dependence on project execution and working-capital requirements.
Listing Performance
Propshop Events & Exhibitions shares were listed on NSE SME on 3 August 2026 at ₹55.20 against the IPO issue price of ₹69. The stock therefore debuted at a discount of ₹13.80 per share, or 20%.
| Particular | Price |
|---|---|
| IPO Issue Price | ₹69.00 |
| Listing Price | ₹55.20 |
| Listing Gain/Loss | -₹13.80 |
| Listing Gain/Loss (%) | -20.00% |
How to Apply
How to Apply
Propshop Events & Exhibitions IPO applications were made through the ASBA process and UPI-supported IPO applications. The minimum application for an individual investor was 4,000 shares, requiring ₹2,76,000 at the upper price band of ₹69.
Through UPI
- Log in to your stockbroker app or website.
- Go to the IPO section.
- Select Propshop Events & Exhibitions IPO.
- Enter the required number of lots.
- Select the bid price.
- Enter your valid UPI ID.
- Submit the IPO application.
- Approve the UPI mandate received in your UPI application.
- Confirm the mandate using your UPI PIN.
- The application amount remains blocked until allotment and is debited only to the extent required for allotted shares.
Prospectus & Documents
Propshop Events & Exhibitions Limited's Prospectus was filed with SEBI on 30 July 2026. The company's IPO documents were also made available through its official website.
Last updated Aug 31, 2026.