Propshop Events & Exhibitions IPO
Propshop Events & Exhibitions IPO is an SME IPO raising ₹29 Cr at ₹65 – ₹69 a share. It listed on 3 Aug 2026 at ₹55, −20.0% against its issue price of ₹69, and trades at ₹68 today (−1.4% since issue). It was subscribed 1.97× in total.
Just covered — bids slightly exceed the shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs69. Checked: exchange issue size Rs29 Cr vs derived Rs28.5 Cr (1.7% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 59% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Exhicon Events Media Solutions Limited | 27.31× | 27% | ₹15.56 |
| This issue | 11.3× | 55.86% | ₹6.09 |
derived: cut-off price Rs69 / stated EPS Rs6.09 (Fiscal 2025 basic/diluted EPS (Rs per share), based on Restated Financial Statements. Period ended Feb 2026 EPS of 5.72 also stated but not annualized; figures as stated on p121.). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.