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