India Expo Mart to go public with IPO listing, gets approval from SEBI

Greater Noida (21/06/2022): Greater Noida’s popular exposition centre, India Expo Mart, which hosts a multitude of national and international expos, conferences and conventions is all set to raise capital through a public offering.

The initial share sale comprises fresh issue of equity shares aggregating up to Rs 450 crore and an offer for sale (OFS) of up to 1,12,10,659 equity shares by existing shareholders, according to the draft red herring prospectus (DRHP).

The plan to issue IPO has already recieved approval from public listing regulator, SEBI.

According to market sources, the company is likely to raise around Rs 600 crore through the initial share sale.

The IPO from India’s leading exposition player comes at a time when the economy is bouncing back to a stronger place and their is reinforced confidence in the market for future growth.

India is moving towards sustainable GDP growth from FY’22 onwards. The infrastructure investments and manufacturing are expected to lead growth revival in FY’22. GDP is estimated to grow between 10- 12% for FY’22 and 5-7% for FY’23; economy is expected to reach pre-COVID levels at end of FY’22.

Moreover, The India event and exhibition market (henceforth, referred to as the market studied) was valued at USD 3,326.04 million in
2020, and it is expected to reach USD 6,740.63 million by 2026, registering a CAGR of 12.91% during the period of 2021-
2026 (henceforth, referred to as the forecast period).

By the end-user industry, the consumer goods and retail segment accounted for the major share of the market with 22.6% in
2020. The healthcare and pharmaceutical industry is projected to experience the fastest CAGR of 17.52% over the forecast
period.

Also, there have been several announcements of various events and exhibitions in India for the upcoming year. For instance, The EV India Expo will be hosted in the India Expo Center and Mart in Greater Noida, India. Throughout the three-day
exhibition, more than 100 national and international companies will exhibit the latest 2, 3, and 4 wheeled e-vehicles, components
and accessories, charging solutions, and technology.

What also affirms the positive growth of exhibition industry is the fact that the total number of events organized increased by 1.3% from 553 in 2018 to 560 in 2019. Total gross sqm increased from 5 mio sqm in 2018 to 5.2 mio sqm in 2019, representing 4.3% growth.

IEML has for years strengthened its position in the domain as India Expo Centre & Mart is one of the leading venue planner and provider in India, that offers technology driven, world- class
facilities and safety standards is suitable for hosting international business-to- business exhibitions, conferences, congresses,
product launches, and promotional events, amongst others.

Hence, in all likelihood the public offering is expected to receive a good response from investors with the buzz around the exposition industry getting better with each passing day.