Those offering shares in the OFS include Vectra Investments, MIL Vehicles & Technologies, Overseas Carpets, RS Computech, Navratan Samdaria, Dinesh Kumar Aggarwal and Pankaj Garg.
According to market sources, the company is likely to raise around Rs 600 crore through the initial share-sale.
The company may consider a private placement of equity shares aggregating up to Rs 75 crore. If such pre-IPO placement is undertaken, the fresh issue size will be reduced.
Of the Rs 450-crore fresh issuance, the company is planning to use about Rs 316.91 crore for funding capital expenditure requirements for expansion of its existing infrastructure facilities, Rs 17 crore for the payment of debt, and for general corporate purposes.
Located in Greater Noida, India Exposition Mart is one of the country’s major venue planners and providers, providing technology-driven, world-class facilities and safety standards for worldwide business-to-business exhibits, conferences, congresses, product launches, and promotional events, among other things.
India Exposition Mart had revenues of Rs 13.30 crore in FY21 and for six months ended September 30, 2021, it had posted revenues of Rs 10.66 crore which primarily includes income from space rent for fair and exhibitions and income from maintenance services.
Emkay Global Financial Services is the sole book-running lead manager and Kfin Technologies is the registrar to the offer.
