Propshop Events & ExhibitionsIPO Review — Financials, Valuation & Peers
A data-only look at the Propshop Events & Exhibitions IPO: restated financials, valuation ratios, the RHP peer group and third-party analyst views. ipostation does not rate IPOs — nothing here is a recommendation.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings |
|---|---|---|---|---|---|---|
| FY 2023 | 25.93 | 0.97 | 1.28 | 1.05 | 8.15 | — |
| FY 2024 | 30.57 | 2.19 | 2.95 | 4.17 | 11.1 | 0.43 |
| FY 2025 | 51.59 | 6.32 | 8.55 | 11.32 | 18.46 | 0.63 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.
KPIs & Valuation
- P/E (pre-issue)
- 12.32x
- P/E (post-issue)
- 15.97x
- RoNW
- 36.35%
- RoE
- 44.42%
- RoCE
- 49.62%
- Debt / Equity
- 0
- EPS (pre-issue)
- ₹5.6
- EPS (post-issue)
- ₹4.32
- EBITDA Margin
- 14.93%
- PAT Margin
- 10.81%
- P/BV
- 4.38x
- NAV / share
- ₹15.75
- Market Cap
- ₹100.95 Cr
As of 28 Feb 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | Statements |
|---|---|---|---|---|---|
| Propshop Events & Exhibitions | 6.09 | 10.9 | — | 55.86% | — |
| Exhicon Events Media Solutions Ltd | 20.06 | 86.46 | 27.31x | 27% | Consolidated |
Peer group as disclosed in the offer document, figures as of 31 Mar 2025. The issuer’s P/E is computed at the upper price band.
Promoters & Shareholding
Promoters: <p>Prathamesh Shantaram Pusalkar, Aarti Prathamesh Pusalkar</p>
- Holding (pre-issue)
- 94.55%
- Holding (post-issue)
- 67.5%
- Dilution
- 27.05%
Analysis in brief
Margin and return profile
Beyond the headline pricing, the disclosed operating profile stands on its own numbers. Propshop Events & Exhibitions operates at an EBITDA margin of 14.93% and a net (PAT) margin of 10.81% — the share of revenue retained at the operating and the net level respectively. Capital efficiency reads at a return on capital employed (RoCE) of 49.62% and a return on equity (RoE) of 44.42%. At the upper band, the post-issue market capitalisation works out to about ₹100.95 crore. These are offer-document figures for the latest reported period (as of 28 Feb 2026); they describe the business as disclosed, not how the stock will trade.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward funding working capital requirements of the company (₹15.5 crore).
Financials
In FY2025, Propshop Events & Exhibitions reported revenue of ₹51.59 crore and a net profit of ₹6.32 crore. Revenue grew from ₹25.93 crore in FY2023 to ₹51.59 crore in FY2025 (+99.0%). Net worth stood at ₹11.32 crore at the end of FY2025.
Valuation
At the upper band, the issue is priced at 15.97× post-issue earnings and 4.38× book value, against a return on net worth of 36.35% and a debt-to-equity ratio of 0. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are <p>Prathamesh Shantaram Pusalkar, Aarti Prathamesh Pusalkar</p>. Promoter holding stands at 94.55% before the issue and comes down to 67.5% after listing.
Frequently asked questions
- Who are the promoters of Propshop Events & Exhibitions and what is their holding?
- The promoters are <p>Prathamesh Shantaram Pusalkar, Aarti Prathamesh Pusalkar</p>. Promoter holding is 94.55% before the issue and 67.5% after listing.
- What is the P/E ratio of the Propshop Events & Exhibitions IPO?
- At the upper price band, the Propshop Events & Exhibitions IPO is valued at 12.32× pre-issue earnings and 15.97× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Propshop Events & Exhibitions IPO?
- The net proceeds go primarily toward funding working capital requirements of the company.