India Exposition Mart IPO

About India Exposition Mart IPO

The public issue of India Exposition Mart, a mainboard IPO, opens on TBA and closes on TBA. The basis of allotment is expected to be finalised on TBA. Shares will be credited to the eligible investors' demat accounts on TBA, while refunds, if any, will be initiated on the same day. The listing of shares is scheduled for TBA on the BSE and NSE.

The IPO comprises a fresh issue and an offer for sale (OFS). The fresh issue consists of up to 7,500,000 equity shares aggregating up to ₹TBA crore. The OFS consists of up to 22,741,002 equity shares aggregating up to ₹TBA crore. The total issue consists of up to 30,241,002 equity shares aggregating up to ₹TBA crore.

India Exposition Mart’s IPO price band is fixed at ₹TBA to ₹TBA per share. The minimum application size is TBA lots (₹TBA shares).

India Exposition Mart is among the top four exhibition and convention venues in India in terms of the total area. The company was incorporated in 2001 with the objective of establishing infrastructure for hosting exhibitions, trade shows, conferences, and promotional and business events, among others, in India.

This was undertaken with a view to developing dedicated exhibition infrastructure in India, including for exporters seeking to showcase their products to international buyers.

Objectives Of India Exposition Mart IPO

• Funding capital expenditure requirements for upgradation of air handling units, chillers, cooling towers, lifts and escalators, variable frequency drives and other ancillary works at India Expo Centre and Mart
  
• Funding capital expenditure requirements for renovation of exhibition hall 4 and exhibition hall 6, and build-up of exhibition hall 18, at India Expo Centre and Mart
  
• General corporate purposes
  

Industry Outlook

Exhibitions, meetings, incentives, conferences, and events (collectively known as the MICE sector) are critical enablers and triggers of economic activity. With India being one of the fastest-growing major economies, sustained government initiatives to support enterprises across industries, such as the “Make in India” and “Meet in India” programmes, are expected to significantly boost demand for high-quality events and exhibitions.

According to Crisil, the total domestic MICE market has shown strong resilience and consistent growth and is estimated to be ₹477 billion. This reflects a CAGR of 14.1% (FY20-26P). The market is projected to grow further at a CAGR of 12-14% (FY26-30P), reaching ₹750-800 billion by FY30P.

About India Exposition Mart

India Exposition Mart is among the top four exhibition and convention venues in India in terms of the total area. It operates an integrated exhibition and convention centre under the brand name “India Expo Centre and Mart”, located in Greater Noida, Uttar Pradesh, on a leasehold basis (“India Expo Centre and Mart”). It provides a comprehensive range of services across the MICE ecosystem.

In addition, the company operates ExpoInn, a guest house situated within the same land parcel as its India Expo Centre and Mart and certified as 5-star by the Ministry of Tourism. It also operates Plume, a hotel located adjacent to the India Expo Centre and Mart, on a leasehold basis. It also operates Mor Stays, on a managed basis under which it receives a monthly revenue share.

Strengths Of India Exposition Mart

• Market leadership in exhibition infrastructure and brand recognition.
• Diversified and integrated business model with comprehensive domain know-how and demonstrated ability to develop intellectual properties.
• Integrated infrastructure and onsite amenities, including the ability to provide a bouquet of services for organising exhibitions and conferences.
• Diversified revenue streams supported by strong relationships with industry stakeholders.
• Experienced management team with sector expertise.

Risks Of India Exposition Mart

• The company is substantially dependent on the India Expo Centre and Mart, its sole large-format exhibition venue, and any disruption to its operations could materially adversely affect its business and financial performance.
• The company’s revenue is concentrated in its third-party events vertical, making it vulnerable to any significant reduction or loss of bookings from key event organisers.
• The company’s events and exhibitions revenue is concentrated among a limited number of customers, and the loss or reduction of business from major customers could adversely affect its operations.
• The company relies on third-party service providers whose actions are outside its control and could materially adversely affect its business and financial condition.
• All exhibition and convention infrastructure is located on land leased from GNIDA, and any non-renewal, termination or other adverse action relating to these leases could materially affect the business.

Anchor Investor Bidding Date

TBA

Registrar Details
KFin Technologies Ltd
Email: Einward.ris@kfintech.com
Telephone: +91 40 6716 2222/1800 3094001

Book Running Lead Manager
Choice Capital Advisors Private Ltd

India Exposition Mart Contact Details

Plot No. 1, 210- Atlantic Plaza, Local Shopping Centre, Mayur Vihar Phase – 1,
Delhi – 110 091
E-mail: cs@indiaexpocentre.com
Telephone: +91 120 2328025
India Exposition Mart Business Model

India Exposition Mart offers diversified services across six business verticals, namely:

• Third Party Events
  
• Managed Events
  
• Own Intellectual Properties
  
• Hotels and Hospitality
  
• Export Supply Chain Management
  
• Maintenance Services to Mart Owners
  

This integrated service model enables it to participate at different stages of the event lifecycle, from concept development and planning to on-site execution, and to offer co-ordinated, end-to-end solutions to organisers and exhibitors rather than functioning solely as a venue provider. The company supplements these services with hospitality offerings, including hotel accommodation, catering, banqueting and food and beverage services.

India Exposition Mart Growth Trajectory

The total income of India Exposition Mart grew from ₹203.77 crore in FY24 to ₹299.55 crore in FY26. Its EBITDA rose from ₹55.09 crore in FY24 to ₹65.73 crore in FY26. The company’s profit after tax (PAT) increased from ₹23.31 crore in FY24 to ₹31.15 crore in FY26.

India Exposition Mart Market Position

Over the last three fiscal years, the company managed and organised 156 exhibitions, events and conventions, including India International Hospitality Expo, CPHI and PMEC India, IHGF, WOFA 2.0, which are among the prominent events in India.

It has organised and hosted exhibitions, conventions and events for various ministries of the Government of India, and state government agencies and ministries like the Government of Uttar Pradesh, National Skill Development Corporation and the Institute of Chartered Accountants of India.

It has also hosted events for various trade and industry associations like Indian Polyurethane Association, Export Promotion Council for Handicrafts, PHD Chambers of Commerce and Industry, Trade Promotion Council of India, the Federation of Indian Chambers of Commerce and Industry, Indian Printing Packaging & Allied Machinery Manufacturers' Association and private customers.

How To Apply For India Exposition Mart IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.