Mumbai: New Delhi-based India Exposition Mart Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO).

The IPO, with a face value of Rs 5 per equity share, comprises a fresh issue of up to 7,500,000 equity shares and an offer-for-sale (OFS) of up to 23,000,000 equity shares.

Individual selling shareholder includes Rakesh Kumar Sharma, Ravinder Kumar Passi and Meenakshi Passi, Vivek Vikas and Asha Ahlawat, Dinesh Kumar Aggarwal, Navratan Samdaria, Asha Goel, Esh Sharma, and Raj Kumar Malhotra.

Corporate selling shareholder includes Vectra Investments Private Limited, and MIL Vehicles & Technologies Private Limited.

The proceeds from its fresh issuance worth Rs 63.8 crore will be utilized for funding capital expenditure requirements of the company for upgradation of air handling units, chillers, cooling towers, lifts and escalators, variable frequency drives and other ancillary works at India Expo Centre and Mar, and Rs 30.8 crore for funding capital expenditure requirements of the company for renovation of exhibition hall 4 and exhibition hall 6, and build-up of exhibition hall 18, at India Expo Centre and Mart, and general corporate purposes.

The issue is being made through the book-building process, in line with SEBI ICDR Regulations, with not more than 50% reserved for Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional Investors (NIIs), and not less than 35% for Retail Individual Investors (RIIs).

Incorporated in 2001, the company is among the top four exhibition and convention venues in India in terms of the total area (Source: Crisil Report), with the objective of establishing infrastructure for hosting exhibitions, trade shows, conferences, and promotional and business events, among others, in India.

The company operates an integrated exhibition and convention centre under the brand name “India Expo Centre and Mart”, located in Greater Noida, Uttar Pradesh, India on a leasehold basis (“India Expo Centre and Mart”) and provide a comprehensive range of services across the meetings, incentives, conferences and exhibitions (“MICE”) ecosystem.

The foundation stone of India Expo Centre and Mart was laid in 2003 by then Hon’ble Deputy Prime Minister of India and inaugurated in 2006 by the then Hon’ble Prime Minister of India and has since developed into one of India’s largest integrated exhibition and convention centres, spanning 57 acres in Greater Noida, Uttar Pradesh, India (Source: Crisil Report).

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

In terms of total exhibition space, the company is one of the largest exhibition venue providers in India and the largest privately owned exhibition and convention venue in the country (Source: Crisil Report).

The company have managed and organised 156 events and exhibitions during the last three Fiscals and have more than 45 confirmed bookings for forthcoming events and exhibitions, as on June 30, 2026.

The Indian MICE industry is predominantly driven by hotels, which account for the largest share of the market. Hotels: 65–68% Convention Centres: 30–32% Others including exhibition grounds, educational institutes etc, 2–3% (Source: Crisil Report).

The company’s business comprises six complementary revenue streams including:

Third Party Events: The company’s Third-Party Events vertical forms the foundation of our business model and involves licensing the exhibition halls, open spaces, meeting rooms and ancillary facilities of India Expo Centre and Mart to third-party event organisers.

Managed Events: The company has managed events vertical involves their operational and/or financial involvement, through commercial arrangements with third-party organisers. This vertical comprises two sub-models:

a) Pre-agreed fees with organisers: Under this arrangement, the organiser/association retains primary control while the company participates in the planning, logistics, marketing and on-ground execution of the event for a fixed fee or pre-agreed share of event revenues.

b)Company-led events with revenue sharing: Under this arrangement, an event owner (such as an industry body, promoter or co-organizer) engages the company to manage an event on its behalf. The company assume end-to-end ownership of the event’s profit and loss, in exchange for which they pay the event owner a defined share of event revenues.

Own Intellectual Properties (IPs): Under their Own Intellectual Properties vertical, the company conceptualize, develop, trademark and operate events for which we are the rights-holder.

Hotels and Hospitality: As on the date of this Draft Red Herring Prospectus, the company is the only entity to operate an integrated infrastructure in India, that includes ExpoInn Suites (integrated guesthouse) and convention centre.

Export Supply Chain Management: Under the company Export Supply Chain Management vertical, through its subsidiary Expo Digital India Private Limited and its step-down subsidiaries Expo Digital SCM Inc (USA) and Expo Digital SCM BV (Netherlands), it operates an integrated supply chain management platform focused on facilitating the export of Indian handicrafts and allied goods to international markets including the United States of America, Canada, Singapore and Vietnam.

Maintenance Services to Mart Owners: As on the date of this DRHP, the company has 1,800 permanent showrooms within its India Expo Centre and Mart operated by handicraft exporters, to whom it provides ongoing maintenance and facility-management services on a contractual basis.

Over the last three fiscals, the company has diversified their operations using the company’s operational expertise in hosting exhibitions and conventions across various states and union territories in India, including Maharashtra, Karnataka, West Bengal, Delhi, and Gujarat.

Its revenue from operations was Rs 290.6 crore during FY26 as against Rs 194.7 during FY24.

Its net profit was Rs 31.1 crore during FY26 as against Rs 23.3 crore during FY24.

Choice Capital Advisors Private Limited is the book running lead manager, and KFin Technologies Limited is the registrar to the issue.

The shares are proposed to be listed on the BSE and NSE.