NewsPropshop Events and Exhibitions IPO Day 2 Live: Subscription at 0.39x - Check analysts view and morePropshop Events and Exhibitions IPO Day 2 Live: Subscription at 0.39x - Check analysts view and more
Propshop Events and Exhibitions IPO is in its second day of subscription with a total of 0.39x. QIBs hold 0.8x, Retail 0.35x, and NII (sHNI) 0.11x. The price band is ₹65-₹69 with a min bid qty of 4000 shares.
*this image is generated using AI for illustrative purposes only.
Propshop Events and Exhibitions IPO saw a modest response on Day 2 of its bidding window, with the issue subscribed 0.39 times so far. Institutional interest remains tepid, with Qualified Institutional Buyers (QIBs) accounting for 0.8x of the subscription. Retail investors have contributed 0.35x, while Non-Institutional Buyers (NII) participation is split between small HNI (0.11x) and other categories showing minimal activity.
Subscription Status
The following table outlines the subscription status for Propshop Events and Exhibitions IPO up to Day 2:
| Category | Subscription Multiple |
|---|---|
| QIB | 0.8 x |
| Retail | 0.35 x |
| NII (sHNI) | 0.11 x |
| NII (bHNI) | 0 x |
| Employees | 0 x |
| Total | 0.39 x |
About the Company
Propshop Events and Exhibitions is an Indian company focused on the events and exhibitions sector. The company has filed for an Initial Public Offering to raise capital for business expansion and other corporate purposes. Key financial metrics and detailed business operations are outlined in the prospectus filed with regulators.
Key Dates
Investors looking to participate in the Propshop Events and Exhibitions IPO should note the following details:
- Price Band: ₹65.00 - ₹69.00
- Issue Size: ₹3,90,000 to ₹5,00,000
- Minimum Bid Quantity: 4000 shares
The bidding window is currently open, and investors can track the live subscription status through stock exchange portals. As the issue progresses towards its closing date, any change in institutional or retail sentiment could impact the final subscription figures.
What specific strategies might Propshop employ to attract institutional interest in the remaining days of the bidding window?
How could the current tepid QIB subscription impact the final listing price and potential premium or discount at debut?
Given the minimal bHNI participation, does this indicate broader market skepticism towards the events sector's post-pandemic recovery trajectory?
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