• India Exposition Mart, the fourth-largest integrated exhibitions and conventions venue, has filed preliminary papers with the capital markets regulator for raising funds through listing. The initial share sale comprises a fresh issue of Rs 450 crore and an offer-for-sale of 1.12 crore equity shares by selling shareholders.
  • Selling shareholders include Vectra Investments, Rakesh Sharma, Vivek Vikas, MIL Vehicles & Technologies, Dinesh Kumar Aggarwal, Pankaj Garg, Overseas Carpets, Navratan Samdaria, RS Computech, Lekhraj Maheshwari, and Babu Lal Dosi. The company may consider raising Rs 75 crore before the filing of prospectus with the Registrar of Companies. If the said pre-IPO placement is undertaken, then accordingly, the fresh issue size will be reduced to the extent of the pre-IPO placement.
  • Located in Greater Noida, a prominent MICE destination in India, its exhibition centres and mart are spread across 58 acres of land, offering a combination of trade mart with exhibition and convention facilities. The venue planner and provider has approximately 15 years of experience in the management and organisation of exhibitions and trade fairs.