Noida-based India Exposition Mart gets Sebi's nod to float IPO

India Exposition Mart Ltd. which is a leading integrated exhibitions and conventions venue, is going to raise Rs. 600 crores through IPO. 

As per the draft red herring prospectus, the IPO comprises fresh issue of equity shares aggregating up to Rs. 450 crores and an OFS of up to 1,12,10,659 equity shares by existing shareholders.