Propshop Events and Exhibitions shares made a muted market debut on Monday, listing at a significant discount to their initial public offering price.
The stock opened at ₹55.20 on the NSE SME platform, representing a 20% drop from the ₹69 per share issue price set during the offering window.
The sharp discount reflects the cautious sentiment that characterized the IPO process.
The offering, which concluded with a subscription level of just 1.5 times, signaled limited investor appetite for the event management firm's equity debut.
The listing price confirms that secondary market participants are valuing the company lower than primary market investors were willing to pay.
Propshop Events and Exhibitions, a subsidiary of Indo-MIM Ltd, had opened its subscription window in late July, closing on July 29, 2026.