Eventions IPO Review: Key Details, Company Overview and Financials
- September 28, 2026
- Posted by: Harsh Piplani
- Category: IPO
Eventions IPO price band Rs 112 to Rs 118. Opens 30 Sep, closes 5 Oct 2026. Issue size Rs 38.12 Cr. Lists 8 Oct on NSE SME.
Quick Answer
The Eventions IPO is a Rs 38.12 crore bookbuilding SME issue priced between Rs 112 and Rs 118 per share, open for bidding from 30 September to 5 October 2026. The corporate events and MICE company is raising the entire issue as a fresh issue, with no offer for sale. Shares are proposed to list on NSE SME around 8 October 2026, with profit rising every year since FY24 though operating cash flow has been negative.
The Eventions IPO is a bookbuilding issue consisting entirely of a fresh issue of 32,30,400 equity shares aggregating Rs 38.12 crore at the upper price band, with no offer for sale component. The IPO will open for subscription on 30 September 2026 and close on 5 October 2026. The allotment is expected on 6 October 2026, and the shares are proposed to list on the SME platform of NSE around 8 October 2026.
The Eventions IPO price band is Rs 112 to Rs 118 per share, with a lot size of 1,200 shares. Retail investors must apply for a minimum of 2 lots (2,400 shares), requiring an investment of Rs 2,83,200 at the upper price band, while HNI investors need at least 3 lots, or Rs 4,24,800.
Corporate Professionals Capital Pvt. Ltd. is the book-running lead manager for the Eventions IPO, Mudra RTA Ventures Pvt. Ltd. is the registrar, and Aftertrade Broking Pvt. Ltd. is the market maker.
For detailed information on the company’s business, financials, risk factors and the proposed utilisation of proceeds, investors should refer to the Eventions IPO Red Herring Prospectus (RHP) before making an investment decision.
Click Here – Get Free Investment Predictions
Company Overview
Incorporated in December 2020 as Eventions Private Limited and converted into a public limited company in 2026, Eventions Limited is a business to business event management company specialising in Meetings, Incentives, Conferences and Exhibitions (MICE). It plans and runs corporate conferences, incentive travel programmes, brand activations and large business events across India and destinations in Europe, the Middle East and Asia Pacific, using an asset-light model that relies on hospitality, destination management, logistics and production partners.
Across FY24 to FY26 the company executed 107 events with individual billing above Rs 50 lakh and served more than 50 corporate clients. In March 2026 it acquired a 70 percent stake in Gantu Online Private Limited, which focuses on consumer travel and customised experiences, from two of its own promoters. Eventions had 35 employees as of 31 March 2026, and is promoted by Cristoo Arora, Ravi Rajak and Kirat Ahluwalia.
Read on for the complete Eventions IPO details, including price band, lot size, listing timeline and the company’s financial track record.
IPO Details
| Particulars | Details |
|---|---|
| IPO Date | 30 September to 5 October 2026 |
| Allotment | Tue, 6 October 2026 |
| Listing Date | Thu, 8 October 2026 (tentative) |
| Face Value | Rs 10 per share |
| Price Band | Rs 112 to Rs 118 |
| Lot Size | 1,200 Shares |
| Issue Type | Bookbuilding IPO (SME) |
| Sale Type | Fresh Issue only (no OFS) |
| Total Issue Size | 32,30,400 shares (agg. Rs 38.12 Cr) |
| Offer for Sale | Nil |
| Market Maker | Aftertrade Broking Pvt. Ltd. |
| Listing Exchange | NSE SME |
(Compiled from the RHP/DRHP and market updates)
Industry Context
- India’s corporate events and MICE industry covers conferences, incentive trips, exhibitions and brand experiences, and demand follows corporate budgets and sales cycles.
- Growing outbound incentive travel and international corporate programmes give event companies opportunities to widen destinations.
- Asset-light operators depend on partner hotels, destination management companies and production vendors, so relationships and pricing discipline matter.
- Event businesses front costs to venues and travel providers before clients pay, so receivable days are a key measure of health.
- Revenue tends to be concentrated in a handful of large corporate accounts, which raises exposure to budget cuts.
Business Strengths
Here are the key strengths investors evaluating the Eventions IPO should weigh:
- An established execution record, with 107 events billed above Rs 50 lakh each across FY24 to FY26 and more than 50 corporate clients.
- Steady profit growth, with profit after tax rising from Rs 3.29 crore in FY24 to Rs 5.13 crore in FY25 and Rs 7.72 crore in FY26, and EBITDA rising to Rs 10.19 crore.
- Domestic and international reach across Europe, the Middle East and Asia Pacific.
- A post-issue P/E of about 18.6 times at the upper band, which sits alongside the company’s earnings growth.
Screen events, travel and hospitality services stocks on the Univest Screener
Business Risks
Alongside these strengths, the Eventions IPO also carries the following business risks:
- Operating cash flow was negative in FY25 and FY26 (about Rs 4.52 crore used in FY26) because trade receivables rose by Rs 20.01 crore, and receivable days rose from 37 in FY24 to 73 in FY26.
- Borrowings rose to Rs 9.44 crore in FY26 from Rs 3.57 crore in FY25, and the MICE business accounts for more than 90 percent of operating revenue.
- A Rs 1.40 crore debt investment is planned in Gantu Online, an early stage subsidiary acquired from promoters, which adds a related-party element.
- Heavy reliance on a few large corporate accounts and the limited liquidity of an SME listing add to the risk.
Financial Performance
The Eventions IPO comes after a period of flat revenue followed by growth. Total income was Rs 87.29 crore in FY24, Rs 88.02 crore in FY25 and Rs 100.62 crore in FY26, while profit after tax rose from Rs 3.29 crore to Rs 5.13 crore and Rs 7.72 crore over the same years.
Eventions Ltd. – Financials (Rs in Lakh)
| Particulars | Fiscal 2026 | Fiscal 2025 | Fiscal 2024 |
|---|---|---|---|
| Total Income | 10,062.00 | 8,802.00 | 8,729.00 |
| EBITDA | 1,019.00 | 709.00 | 413.00 |
| EBITDA Margin (%) | 10.13% (computed) | 8.05% (computed) | 4.73% (computed) |
| Profit After Tax (PAT) | 772.00 | 513.00 | 329.00 |
| PAT Margin (%) | 7.67% (computed) | 5.83% (computed) | 3.77% (computed) |
Amounts in Rs Lakh unless stated otherwise, compiled from published Eventions IPO disclosures on a consolidated basis. Margin figures are computed from disclosed absolute figures. Refer to the RHP for the complete restated financial statements.
Key Ratios and Metrics
The table below summarises the key ratios and metrics relevant to the Eventions IPO as of the latest reported period.
These ratios offer a quick snapshot of how the Eventions IPO is priced relative to the company’s profitability and net worth.
| KPI (Mar 31, 2026) | Value |
|---|---|
| EBITDA Margin (FY26) | 10.13% |
| PAT Margin (FY26) | 7.67% |
| Post-Issue P/E (at upper price) | ~18.61x |
| Receivable Days (FY26) | 73 |
| Borrowings (FY26) | Rs 9.44 Cr |
Objects of the Offer
The company proposes to utilise the net proceeds from the Eventions IPO towards the following objects.
- Funding working capital requirements (Rs 18.80 Cr)
- Repayment or prepayment of certain borrowings (Rs 7.00 Cr)
- Investment in subsidiary Gantu Online Private Limited (Rs 1.40 Cr)
- General corporate purposes
Download the Univest iOS App or Univest Android App to track the Eventions IPO and get daily stock recommendations.
Conclusion
Here is the bottom line on the Eventions IPO.
The Eventions IPO reflects an asset-light corporate events company with a solid execution record and rising profitability, entirely funded through a fresh issue.
However, negative operating cash flow, stretching receivable days, high concentration in MICE and a related-party subsidiary investment are factors that could affect the investment case for the Eventions IPO.
Overall, investors weighing the Eventions IPO should evaluate the company’s business model, financial performance, industry outlook, competitive positioning, valuation and risk factors in detail, and carefully review the Red Herring Prospectus (RHP) before making an informed investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data independently before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Univest does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified or endorsed by SEBI, NSE or BSE, can vary widely between trackers, and is not always accurate.
FAQs
What are the Eventions IPO dates, and when will it list?
Ans. The Eventions IPO opens for subscription on 30 September 2026 and closes on 5 October 2026. The allotment is expected on 6 October 2026, and the shares are tentatively scheduled to list on the SME platform of NSE on 8 October 2026.
What is the price band and minimum investment for the Eventions IPO?
Ans. The price band is Rs 112 to Rs 118 per equity share, with a lot size of 1,200 shares. Retail investors must apply for at least 2 lots, or 2,400 shares, which costs Rs 2,83,200 at the upper price band.
What does Eventions Limited actually do?
Ans. Eventions is a B2B event management company focused on MICE services. It organises corporate conferences, incentive travel, exhibitions and brand activations in India and abroad, using an asset-light model built on partner hotels, destination managers and production vendors.
Is the Eventions IPO a fresh issue or does it include an offer for sale?
Ans. The issue is a 100 percent fresh issue of 32,30,400 equity shares with no offer for sale. Subject to issue expenses, all proceeds flow into the company.
How has Eventions performed financially?
Ans. Total income was Rs 87.29 crore in FY24, Rs 88.02 crore in FY25 and Rs 100.62 crore in FY26. Profit after tax rose from Rs 3.29 crore to Rs 5.13 crore and Rs 7.72 crore, and EBITDA rose from Rs 4.13 crore to Rs 10.19 crore.
How will Eventions use the proceeds from its fresh issue?
Ans. The company plans Rs 18.80 crore for working capital, Rs 7 crore for repayment or prepayment of borrowings and Rs 1.40 crore for a debt investment in its subsidiary Gantu Online, with the balance for general corporate purposes.
What are the main risks or concerns flagged for the Eventions IPO?
Ans. Operating cash flow was negative in FY25 and FY26 because receivables rose sharply, with receivable days up from 37 to 73. Borrowings rose to Rs 9.44 crore, MICE contributes more than 90 percent of revenue, and the Gantu Online stake was bought from promoters.
Who are the lead manager and registrar for the Eventions IPO?
Ans. Corporate Professionals Capital Pvt. Ltd. is the book-running lead manager for the Eventions IPO, responsible for structuring and managing the offer process. Mudra RTA Ventures Pvt. Ltd. is the registrar to the issue and will handle the allotment process and crediting of shares to successful applicants’ demat accounts.
Is the Eventions IPO a good investment?
Ans. Eventions offers exposure to a growing corporate events business with improving margins. Weak cash conversion and client concentration call for a careful approach. Investors should study the RHP in detail and assess their own risk appetite before applying.
