The offer for sale will be made by individual shareholders including 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 shareholders include Vectra Investments and MIL Vehicles and Technologies.
The company plans to use Rs 63.8 crore from the fresh issue for capital expenditure at India Expo Centre and Mart. This will include upgrading air handling units, chillers, cooling towers, lifts and escalators, variable frequency drives and other ancillary works.
Another Rs 30.8 crore will be used for renovation of exhibition halls 4 and 6, and for the build-up of exhibition hall 18 at India Expo Centre and Mart. The remaining proceeds will be used for general corporate purposes.
The foundation stone of India Expo Centre and Mart was laid in 2003 by the then Deputy Prime Minister of India. The centre was inaugurated in 2006 by the then Prime Minister of India and has since developed into one of the country’s largest integrated exhibition and convention centres, according to the Crisil report.
The company also operates hospitality assets around the venue. These include ExpoInn, a guest-house located within the same land parcel as India Expo Centre and Mart and certified as a 5-star property by the Ministry of Tourism. It also operates Plume, a hotel adjacent to the convention centre, on a leasehold basis, and Mor Stays, which is operated on a managed basis under a monthly revenue-share arrangement.
In terms of total exhibition space, India Exposition Mart is one of the largest exhibition venue providers in the country and the largest privately owned exhibition and convention venue in India, according to the Crisil report cited by the company.
The company has managed and organised 156 events and exhibitions over the last three financial years. As of June 30, 2026, it had more than 45 confirmed bookings for forthcoming events and exhibitions.
The company’s revenue from operations rose to Rs 290.6 crore in FY26 from Rs 194.7 crore in FY24. Net profit increased to Rs 31.1 crore in FY26 from Rs 23.3 crore in FY24.
Choice Capital Advisors is the book-running lead manager to the issue, while KFin Technologies is the registrar. The shares are proposed to be listed on BSE and NSE.
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