Propshop Events & Exhibitions IPO Subscription Day 3: QIB Demand Leads as ₹28.57 Crore Issue Closes Today

Mumbai, July 29: The Propshop Events & Exhibitions IPO has entered its final day of subscription with investor participation picking up gradually across categories. As of 10:29 AM on July 29, the ₹28.57 crore NSE SME public issue was subscribed 0.51 times, with institutional investors showing the strongest interest so far.

The three-day IPO, which opened for subscription on July 27, will close later today. Subscription figures are expected to rise further during market hours as investors typically place a large number of bids on the final day.

Propshop Events & Exhibitions IPO Day 3 Subscription Status

The latest exchange data shows that qualified institutional buyers are leading the subscription, while retail and non-institutional investor participation remains below the fully subscribed level.

The IPO had received 238 applications at the time of the latest update.

Institutional Investors Continue to Lead

Qualified Institutional Buyers have remained the strongest participants throughout the bidding period. The QIB portion improved sharply from no bids on Day 1 to 0.80 times on Day 2, and remained at the same level on the final day morning.

Retail participation has also strengthened steadily, moving from 0.10 times on Day 1 to 0.36 times on Day 2, before rising to 0.58 times on Day 3 morning. Meanwhile, NII demand has increased gradually to 0.15 times, with sNII at 0.17 times and bNII at 0.13 times.

IPO Details

The company is raising ₹28.57 crore through a combination of a fresh issue of 31.24 lakh equity shares aggregating ₹23.05 crore and an offer for sale of 8 lakh shares worth ₹5.52 crore.

The IPO is priced in the ₹65 to ₹69 per share band. Retail investors are required to apply for a minimum of 4,000 shares, translating to an investment of ₹2,76,000 at the upper price band. The minimum application size for HNIs is 6,000 shares, requiring an investment of ₹4,14,000.

Important Dates

• IPO closes: July 29, 2026

• Expected allotment: July 30, 2026

• Expected refunds: July 31, 2026

• Expected share credit: July 31, 2026

• Expected listing: August 3, 2026 on the NSE SME platform

About Propshop Events & Exhibitions

Propshop Events & Exhibitions Limited provides exhibition and trade show solutions, offering end-to-end services that include exhibition booth design, fabrication, project management, logistics, installation and dismantling for clients across domestic and international markets.

Conclusion

With bidding set to close later today, the Propshop Events & Exhibitions IPO has garnered 0.51 times overall subscription, led by QIB demand of 0.80 times. Investors will now watch the final hours of subscription closely, as SME public issues often witness a sharp increase in bids on the closing day before allotment is finalised on July 30.

Source:

• https://nsearchives.nseindia.com/content/ipo/RHP_PROPSHOP.zip