The Initial Public Offering (IPO) of Propshop Events & Exhibitions Ltd. opened for bidding today. As per the NSE SME, the IPO has been subscribed 0.04 times, with bids pouring in for 0.01 crore shares, against the 0.39 crore shares on offer.
The company aims to raise ₹28.57 crores through fresh issue of 0.33 crore equity shares and an offer-for-sale (OFS) of 0.08 crore equity shares. Shares are offered at a price band of ₹65 to ₹69 per share. Investors can bid for a minimum of 4,000 equity shares and in multiples of 2,000 shares.
Propshop Events & Exhibitions Ltd. IPO: Category-wise Subscription
Subscription levels showed participation from Retail Investors at 0.09 times. The Qualified Institutional Buyers (QIBs) segment subscribed 0.00 times on Day 1.
Unistone Capital Pvt.Ltd. acts as the book-running lead manager to the issue, while MUFG Intime India Pvt.Ltd. is the registrar of the IPO.
The IPO will remain open for subscription till Jul 29, 2026. Retail investors are required to apply for a minimum of 4,000 shares worth ₹2,76,000 while non-institutional investors (NIIs) must bid for a minimum investment of ₹4,14,000.
