India Exposition Mart files Rs 600 crore IPO papers with SEBI

07 Mar 2022 Evaluate

India Exposition Mart has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 600 crore through an initial public offering (IPO). The initial share-sale comprises fresh issue of equity shares aggregating up to Rs 450 crore and an offer-for-sale (OFS) of up to 11,210,659 equity shares by existing shareholders.

Of the Rs 450 crore fresh issuance, the company is planning to use about Rs 316.91 crore for funding capital expenditure requirements for expansion of its existing infrastructure facilities, Rs 17 crore for the payment of debt, and for general corporate purposes. Emkay Global Financial Services is the sole book-running lead manager to the offer.

India Exposition Mart is one of the country's major venue planners and providers, providing technology-driven, world-class facilities and safety standards for worldwide business-to-business exhibits, conferences, congresses, product launches, and promotional events, among other things.

Peers
Company Name CMP
SIS 322.70
TeamLease Services 1961.65
RattanIndia Ent 45.38
Updater Services 317.00
Mach Confer. & Event 199.40
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