PROPSHOP EVENTS AND EXHIBITIONS LIMITED IPO
Registrar: MUFG Intime India Private Limited · Lead: Unistone Capital Private Limited · Listing on NSE EMERGE
IPO Lot Size
2000 shares / lot · ₹69 upper bandInvestors can bid for a minimum of 2000 shares and in multiples thereof.
| 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 |
About the company
Propshop Events and Exhibitions Limited, established in 2019 and converted to a public limited company in 2025, specializes in providing end-to-end trade show and exhibition booth solutions. Headquartered in Mumbai, the company operates with a dual execution model, leveraging both in-house capabilities and a network of subcontractors. Their services encompass concept design, 3D visualization, fabrication, logistics, on-site supervision, installation, and post-event dismantling for B2B and B2C events.
The company serves a diverse range of industries in India and international markets, including the US, UK, Dubai, Germany, Singapore, and Spain. Propshop aims to evolve into a comprehensive event solutions provider, expanding into event organization, trade fairs, and brand activations to enhance its market position and deliver greater value to clients.
Objectives of the issue
- Funding working capital requirements of the Company.
- General Corporate Purposes.
Key strengths
- Established track record with over 5 years of experience in designing and executing exhibition and event projects.
- Agile, asset-light business model enabling scalable growth and optimized working capital through renting fixed assets.
- Global execution framework supported by structured processes, in-house teams, and local integration across key markets.
- Brand-led booth design by a skilled in-house marketing and branding team, focusing on immersive brand experiences.
- Demonstrated strong financial performance with consistent revenue growth and improved PAT margins.
- Experienced Promoters and senior management team with deep industry knowledge and diverse expertise.
- Comprehensive end-to-end service portfolio from concept design and 3D visualization to installation and post-event dismantling.
- In-house production facilities in Mumbai and Bangalore ensure quality control and timely delivery.
- Diversified client base across various industries including Industrial Machinery, Building Materials, Healthcare, and IT.
- Strong vendor relationships and efficient project management ensuring timely execution and reliability.
Key risks
- Majority of sales are concentrated in Gujarat, Maharashtra, and Karnataka, making operations susceptible to adverse regional developments.
- High dependence on third-party outsourced subcontractors for core services without formal arrangements, posing risks to quality and timelines.
- Registered Office and Godown Facilities are located on leased premises, with no assurance of lease renewal on favorable terms or at all.
- Past negative cash flows from operating activities, which could adversely affect future operations and financial condition.
- Significant working capital requirements, with potential inability to acquire adequate capital timely or on favorable terms.
- Exposure to counterparty credit risk and potential delays or non-receipt of payments from clients.
- Dependency on certain major customers without firm commitment agreements, leading to potential revenue fluctuations.
- Regulatory uncertainties, including changes in tariff policies and other laws in India and international markets, may adversely affect the business.
- Failure to effectively protect intellectual property rights could harm the company's reputation and competitive edge.
- Operating in a highly competitive industry with aggressive pricing and new entrants may affect profitability and market share.