Propshop Events & Exhibitions IPO
Propshop Events & Exhibitions IPO is a sme IPO raising ₹29 Cr at ₹65 – ₹69 a share. The smallest application you can make is 2000 shares, costing ₹1,38,000 at the top of the band. Bidding closes on 29 Jul 2026 and the shares list on 3 Aug 2026. So far it has been subscribed 0.00× in total.
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What this company actually does
Read out of the prospectus’s business section, stripped of its marketing language.
Propshop Events And Exhibitions designs and delivers trade show and exhibition booths for B2B and B2C clients across multiple industries. Its services span concept design, 3D visualization, project management, logistics, on-site supervision, fabrication, installation, and post-event dismantling. Booth fabrication and execution are largely outsourced to subcontractors under the company's supervision, while design and conceptualisation are handled in-house. Founded in 2019 in Mumbai, the company operates in India and works with local teams in the US, UK, Dubai, Germany, Spain, Singapore, and other exhibition hubs.
How it earns
Project-based service fees for end-to-end booth design, fabrication (mostly subcontracted), on-site installation, and post-event dismantling for trade shows and exhibitions.
Who buys
Customers are not individually named in the prospectus; listed only as 'Customer 1' through 'Customer 10'. For the period ended Feb 28, 2026, the top customer contributed 3.28% of revenue from operations (₹ 196.37 lakhs = ~₹ 2.0 crore), and the top 10 customers together contributed 22.66% (₹ 1,355.06 lakhs = ~₹ 13.55 crore). Customer concentration has trended down from FY23 (top 10 = 46.42%) to the latest period (22.66%). Client industries span Industrial Machinery & Equipment, Building Materials, Furnishing & Décor, Chemicals, Media & Entertainment, Healthcare & Cosmetics, Food & Beverages, and others. Note: all figures from the prospectus are in lakhs; 1 crore = 100 lakhs.
Scale
100+ in-house professionals; 53 active subcontractors globally (Feb 2026); 3 facilities in India (registered office in Mumbai plus 2 rented godowns in Vasai, Maharashtra and Bengaluru, Karnataka); operating presence in 24 international markets; served 309 clients and participated in 174 trade shows/exhibitions in the period ended Feb 28, 2026.
What it says sets it apart
- Asset-light operating model: rents godowns, fabrication equipment, raw materials, and event-site premises on a project basis instead of owning capital assets, keeping fixed costs low.
- Hybrid execution with in-house design plus a subcontractor network of 53 active subcontractors (Feb 2026), with supervisors on-site full-time for every project.
- Track record of over 5,000 exhibition stands executed for more than 1,100 clients across 12+ years, with an in-house team of 100+ professionals.
- Five ISO certifications held: ISO 9001:2015 (Quality), ISO 14001:2015 (Environment), ISO 45001:2018 (OHS), ISO/IEC 27001:2022 (Info Security), and SA 8000:2014 (Social Accountability).
- International client base grew 245% over the last three years (from 20 to 69 international clients), now serving 24 international markets (Feb 2026) including the US, UK, UAE, Germany, Singapore, and Spain.
Revenue mix
The last few years in numbers
From the prospectus’s own summary financial table (Restated Standalone). Margins and growth are computed from the stated figures; everything else is as printed.
| Period | Revenue | Profit after tax | PAT margin | Net worth | Borrowings |
|---|---|---|---|---|---|
| Period ended 28-02-2026 | ₹60 Cr | ₹6 Cr | 10.8% | ₹18 Cr | ₹0 Cr |
| FY2025 (Year ended 31-03-2025) | ₹52 Cr | ₹6 Cr | 12.3% | ₹11 Cr | ₹1 Cr |
| FY2024 (Year ended 31-03-2024) | ₹31 Cr | ₹2 Cr | 7.2% | ₹4 Cr | ₹0 Cr |
| FY2023 (Year ended 31-03-2023) | ₹26 Cr | ₹1 Cr | 3.7% | ₹1 Cr | ₹0 Cr |
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