Propshop IPO Debuts at 20% Discount

Propshop Events & Exhibitions Limited, a company that builds exhibition booths, sold shares to the public on the stock market.

The shares were priced at ₹69 each, but they opened at ₹55.20, which is 20% lower.

Investors bought the shares 1.53 times more than the amount offered, and retail buyers bought them 1.77 times more.

The company raised about ₹28.57 crore, using most of it to improve its business and a smaller part for other company needs.

The IPO helps Propshop grow and serve more events in India and abroad.