Last Updated on

in

Written By

India Exposition Mart Ltd., an integrated exhibitions and conference venue, has filed preliminary documents with SEBI to raise Rs. 600 crore through an IPO. The offering consists of a fresh issue of up to Rs. 450 crore in equity shares and an offer-for-sale (OFS) of up to 1.12 crore equity shares by existing shareholders. Vectra Investments, MIL Vehicles & Technologies, Overseas Carpets, RS Computech, Navratan Samdaria, Dinesh Kumar Aggarwal, and Pankaj Garg are among the OFS participants. The corporation may explore a private placement of equity shares worth up to Rs. 75 crore, which would reduce the amount of the real issuance. Emkay Global Financial Services is the sole book-running lead manager for the offer, and Kfin Technologies is the registrar.

The venue planner and provider have around 15 years of experience in show and trade fair management and organization. It has also handled and organized a number of major exhibitions and conferences in India, including the Indian Handicrafts and Gifts Fair, Elecrama, Auto Expo: The Motor Show, CPHI&P-MEC, and Print Pack. Its exhibition centers and mart are spread across 58 acres of land in Greater Noida, a prominent MICE destination in India, and offer technology-driven, world-class facilities and safety

standards for worldwide business-to-business exhibits, conferences, congresses, product launches, and promotional events, among other things. The company also organizes exhibitions such as the ‘India International Hospitality Expo‘ and the ‘Ayuryog Expo,’ which they created. The firm is also a member of prominent global and national industry organizations and has managed events such as the 6th Regional Comprehensive Economic Partnership and the 14th Conference of Parties to the United Nations Convention to Combat Desertification.

The firm has been the preferred venue for various ministries of the Government of India, statutory corporations, companies, and renowned global agencies such as the Ministry of Finance, Ministry of Commerce & Industry, Ministry of Environment, Forest, and Climate Change, Ministry of Health and Family Welfare, Export Promotion Council for Handicrafts, International Garment Fair Association, Trade Promotion Council of India, Indian Printing Packaging & Allied Machinery Manufacture, and Indian Printing Packaging.

Table of Contents

Objective of the Issue

From the Rs. 450-crore fresh issuance, the proceeds will be used for:

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

India Exposition Mart Ltd Financial Status

Particulars (in Rs. Crores)	FY21	FY20	FY19
Revenue	13.3	154.4	122.6
EBITDA	-13.4	65.8	48.6
PAT	-16.5	44.9	29.6
Total Assets	187.1	217.8	187.3
Share Capital	37.0	37.0	37.0
Total Borrowings	2.7	8.1	16.6
Net cash generated from / (used in) operating activities	2.97	50.44	43.03
Net cash from / (used in) investing activities	-5.16	-25.81	-24.08
Net cash flow from / (used in) financing activities	-6.57	-19.42	-14.71
Net increase (decrease) in cash and cash equivalents	-8.76	5.21	4.24

India Exposition Mart Ltd IPO Key Points

Strengths

World-class infrastructure and onsite amenities, including ability to provide a bouquet of services required for organizing exhibitions
Strong relationships with exhibition organisers
Well-connected to the Indian and Global exhibition ecosystem