Propshop Events and Exhibitions will launch its IPO on July 27 to raise ₹28.6 crore. The company provides exhibition booth design and fabrication services for various industries. Investors should note the issue includes both a fresh share sale and an offer-for-sale by promoters.
Detailed Coverage
Propshop Events and Exhibitions is set to enter the public market with its Initial Public Offering (IPO) scheduled to open for subscription on July 27, 2026. The Mumbai-based firm, which specializes in designing and managing exhibition booths for trade shows, aims to collect ₹28.6 crore through this public issue. The subscription window for interested investors will remain open until July 29.
Issue Structure and Pricing
The company has set a price band of ₹65 to ₹69 per equity share, which gives the business a market valuation of approximately ₹101 crore. The total offering consists of 41.4 lakh equity shares. This pool is divided into two parts: a fresh issue of 33.4 lakh shares and an offer-for-sale (OFS) of 8 lakh shares. The OFS portion allows the company’s promoters, Prathamesh Shantaram Pusalkar and Aarti Pusalkar, to sell a portion of their existing stake in the business. Notably, the size of the fresh issue was adjusted slightly upward from previous plans to reach the final 33.4 lakh share count.
Business Model and Operations
Propshop Events operates in the exhibition solutions space, providing booth designs that range from custom-built setups to modular structures. Their client base is spread across diverse sectors, such as food and beverage, industrial machinery, chemicals, healthcare, and media. A key aspect of their business model is the outsourcing of booth fabrication. While the company retains control over design and conceptualization—which they manage in-house or through external professionals—the actual physical construction of booths is handled by third-party vendors under company supervision. This approach allows the company to operate without heavy investments in manufacturing machinery or large-scale warehouse facilities.
Financials and Use of Funds
For the eleven-month period ending February 2026, the company reported a total revenue of ₹59.8 crore and a profit of ₹6.46 crore. Regarding the money raised, the company intends to use ₹16.62 crore from the fresh issue proceeds to support its working capital needs. This capital is intended to help the company manage its day-to-day operational costs more effectively as it scales. The remaining balance from the issue will be directed toward general corporate purposes. The shares are expected to be listed on the NSE Emerge platform, a segment of the National Stock Exchange dedicated to small and medium enterprises, on August 3.
Investors tracking this IPO should watch for how the company maintains its profit margins while relying on an outsourced fabrication model. The ability to manage vendor relationships effectively while maintaining service quality will be a key factor for the company’s long-term performance. Post-listing, the primary monitorables will be the company's ability to maintain revenue growth and manage the working capital cycle efficiently.