IPO Overview
Incorporated in 2020, Eventions Limited is a growing player in the MICE (Meetings, Incentives, Conferences & Exhibitions) and corporate events space, headquartered in Gurgaon, Haryana. The company offers integrated solutions for corporate and institutional clients, covering the complete event lifecycle — from venue coordination, travel and accommodation arrangements, logistics management, to on-site execution. Its capabilities span corporate events, conferences, incentive travel programmes, virtual events, Free Independent Travel (FIT) services, and brand and marketing activations across India and international destinations including Europe, the Middle East, and Asia Pacific. The company operates through an asset-light B2B model and also has a subsidiary, Gantu Online Private Limited, which focuses on B2C travel and customised travel experiences.
The company is now launching its SME IPO on the NSE SME platform, aiming to raise ₹38.12 crore through a fresh issue of 32,30,400 equity shares. The price band is fixed at ₹112 to ₹118 per share, with a lot size of 1,200 shares, making the minimum retail investment approximately ₹2.83 lakh. The IPO opens on 30 September 2026 and closes on 5 October 2026, with listing expected on 8 October 2026.
IPO Detailed Information
Issue Details
| Parameter | Details |
| IPO Type | Book Built – SME |
| Listing Exchange | NSE SME |
| IPO Open Date | 30 September 2026 |
| IPO Close Date | 5 October 2026 |
| Allotment Date | 6 October 2026 (Expected) |
| Refund Initiation | 7 October 2026 |
| Credit to Demat | 7 October 2026 |
| Listing Date | 8 October 2026 (Tentative) |
| Price Band | ₹112 – ₹118 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,200 shares |
| Minimum Investment (Retail) | ₹2,83,200 (2 lots = 2,400 shares) |
| Minimum Investment (HNI) | ₹4,25,000 (3 lots = 3,600 shares) |
| Issue Size | ₹38.12 crore |
| Fresh Issue | 32,30,400 shares (₹38.12 crore) |
| Offer For Sale (OFS) | Nil |
Note: The entire IPO is a fresh issue — no offer-for-sale component. All proceeds go directly to the company.
Issue Break-up
| Category | Allocation |
| Qualified Institutional Buyers (QIB) | ~50% |
| Non-Institutional Investors (NII/HNI) | ~15% |
| Retail Individual Investors (RII) | ~35% |
| Market Maker | Reserved Portion |
OFS / Selling Shareholders
There is no Offer For Sale (OFS) in this IPO. The entire issue is a fresh issue — no promoter or existing shareholder is exiting through this offering. All IPO proceeds will flow directly to the company.
Objects of the Issue (Fund Utilization)
The company plans to use the IPO proceeds to strengthen its financial position and support the next phase of business growth:
- Repayment / prepayment of certain borrowings — ₹7.00 crore
- Investment in its subsidiary (Gantu Online Private Limited) — ₹1.40 crore
- Working capital requirements — ₹18.80 crore
- General corporate purposes — remaining proceeds
Lead Managers & Registrar
- Book Running Lead Manager: Corporate Professionals Capital Pvt. Ltd.
- Registrar to the Issue: Mudra RTA Ventures Private Limited
Promoters & Management
- Managing Director: Mr. Ravi Rajak
Company Details
Eventions Limited is engaged in the MICE and event management business, providing end-to-end integrated solutions for corporate and institutional clients. Its services span the entire event lifecycle and cover both B2B and B2C segments through its parent and subsidiary operations.
Services Offered:
- Corporate Conferences & Events
- Incentive Travel Programmes
- Virtual & Hybrid Events
- Free Independent Travel (FIT) Services
- Brand Activations & Marketing Events
- Venue Coordination & Logistics Management
- On-Site Execution & Event Production
Geographies Covered:
- India (Pan-India)
- International — Europe (Spain, France, Netherlands, Switzerland, Hungary), Middle East (UAE, Azerbaijan), Asia Pacific (Singapore, Indonesia)
Key Capabilities:
- Asset-light B2B operating model with end-to-end execution capability covering travel, accommodation, logistics, and on-site event management
- Established relationships with hospitality providers, destination management companies, logistics partners, and event production vendors
- Subsidiary Gantu Online Private Limited handles B2C travel and customised travel experiences
Financial Snapshot
| Period | Total Income (₹ Cr) | EBITDA (₹ Cr) | PAT (₹ Cr) |
| FY24 | ₹87.29 | ₹4.13 | ₹3.29 |
| FY25 | ₹88.02 | ₹7.09 | ₹5.13 |
| FY26 | ₹100.62 | ₹10.19 | ₹7.72 |
Key Financial Metrics
- Revenue grew from ₹87.29 crore in FY24 to ₹100.62 crore in FY26 — a steady upward trajectory over three years.
- EBITDA more than doubled from ₹4.13 crore in FY24 to ₹10.19 crore in FY26, reflecting improving operating leverage.
- PAT grew more than 2x — from ₹3.29 crore in FY24 to ₹7.72 crore in FY26.
- Asset-light model keeps capex low and supports healthy cash generation.
Company Strengths
- Integrated MICE platform with end-to-end event management capabilities across domestic and international destinations
- Consistent improvement in revenue, EBITDA, and PAT over three consecutive financial years (FY24–FY26)
- Asset-light B2B business model, reducing fixed-cost burden and enabling scalability
- Presence across high-value international event destinations including Europe, Middle East, and Asia Pacific
- No promoter exit — entire IPO is a fresh issue, signaling confidence in future business growth
- Growing corporate demand for professionally managed MICE and incentive programmes in India
Key Risks & Challenges
- Young company: Incorporated only in 2020, giving it a limited operating history of just ~6 years — which includes the post-COVID recovery period, making historical financials harder to benchmark.
- Heavy reliance on discretionary corporate spending — any economic slowdown, budget cuts, or reduction in corporate travel & events expenditure can directly impact revenues.
- Asset-light model means the company depends significantly on third-party vendors — hospitality providers, travel partners, and event vendors — creating execution and quality control risks.
- SME IPO liquidity risk — limited secondary market depth on NSE SME platform post-listing.
- Competition from well-established event management companies and hospitality groups with deeper networks and larger operational scale.
- International event assignments expose the company to foreign exchange fluctuation risks.
Disclaimer:
This document is for informational purposes only and should not be considered as investment advice. Investors should read the Red Herring Prospectus (RHP) carefully and consult a financial advisor before investing in any IPO. Market investments are subject to risk.
