Propshop Events & Exhibitions launched its initial public offering (IPO) today, aiming to raise ₹29 crore through a mix of fresh capital and Offer for Sale (OFS). The IPO will remain open until July 29, 2026, with shares priced in a band of ₹65 to ₹69 per equity share, according to livemint.com.
The company set the price band after evaluating market conditions and investor interest. The IPO includes fresh issuance of shares alongside the sale of existing shares by current shareholders. Market observers noted that shares were available at par in the grey market on the opening day, signaling steady demand. The public issue is managed by the company's management and underwriters, who will oversee the subscription process until the closing date.
This IPO adds to the growing list of mid-sized companies tapping the Indian primary market to fund expansion and provide liquidity to early investors. Raising ₹29 crore positions Propshop Events & Exhibitions to strengthen its event management and exhibition services. Comparable recent IPOs in the sector have seen mixed subscription levels, reflecting cautious investor sentiment amid broader market volatility. The offer's success will provide insights into investor appetite for niche event services providers.
The IPO subscription window closes on July 29, 2026, after which the company will announce allotment details. Investors and market participants will closely watch the subscription numbers and grey market premium trends to gauge the listing performance and aftermarket demand for Propshop Events & Exhibitions shares.