Smart Market Insights
Eventions IPO Details: Key Dates, Price Band & Investment Overview
By Wealthova | Last Updated: September 27, 2026
Eventions Limited, an established corporate-focused MICE (Meetings, Incentives, Conferences, and Exhibitions) and event management agency, is gearing up to make its primary market debut with an upcoming ₹38.12 Crore SME IPO. Operating as an end-to-end event architect, the business focuses on delivering curated, large-scale corporate events, industry exhibitions, and specialized incentive programs for a wide array of enterprise clients. The company primarily caters to B2B customers, emphasizing seamless project execution, innovative event conceptualization, and highly engaging on-ground experiences. The subscription window for this book-built issue opens on September 30, 2026, and closes on October 5, 2026. The price band is set between ₹112 to ₹118 per equity share. The ₹38.12 Crore offering is structured entirely as a 100% Fresh Issue, with no Offer for Sale (OFS) component. Retail investors must apply for a minimum of 2 lots (2,400 shares), requiring an investment of ₹2,83,200 at the upper price band. The company plans to utilize the fresh capital primarily to fund its working capital requirements (₹18.80 Crore), repay outstanding borrowings (₹7.00 Crore), invest in its subsidiary (₹1.40 Crore), and for general corporate purposes. Set to list on the NSE SME platform, market participants are closely watching this fast-growing event management enterprise, backed by a robust FY26 total revenue of ₹100.62 Crore and a strong net profit of ₹7.72 Crore. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!
Eventions IPO Details
Quick IPO Factsheet
September 30, 2026
October 5, 2026
₹112 to ₹118
(Book Built)1,200 Shares
(Min. 2 Lots / 2,400 Shares for Retail)₹38.12 Cr
(32.30 Lakh Shares)₹38.12 Cr
(OFS: ₹0.00 Cr)60.46% Allocation
(Of the Net Offer)₹10 Base
SME (NSE SME)
Eventions IPO Timeline
Deep-Dive Corporate Profile: What Does Eventions Limited Do?
Incorporated in December 2020, Eventions Limited is a fast-growing, end-to-end event management and experiential marketing agency. The company operates as a comprehensive "event architect," specializing in the highly lucrative MICE (Meetings, Incentives, Conferences, and Exhibitions) segment. Rather than focusing on individual or social events, Eventions strictly targets the B2B sector, helping large enterprise clients and corporate brands execute seamless, high-impact physical and hybrid events.
The company handles the entire lifecycle of an event—from initial creative conceptualization and venue sourcing to logistics, stage fabrication, artist management, and final on-ground execution. Its core service portfolio includes:
- MICE Operations: Designing, planning, and executing corporate offsites, executive meetings, incentive travel programs, and large-scale industry conferences.
- Corporate Events & Product Launches: Managing high-profile product unveilings, annual general meetings (AGMs), town halls, dealer meets, and corporate award ceremonies.
- Experiential Marketing & Brand Activations: Creating immersive on-ground consumer engagement zones and promotional activations to amplify brand visibility for B2B and B2C clients.
- Exhibitions & Trade Shows: Providing structural setup, pavilion fabrication, and end-to-end technological integration (audio-visuals, lighting) for corporate exhibitors.
By focusing on flawless execution and innovative design, Eventions Limited has established itself as a trusted partner for corporate clients demanding highly engaging and professionally managed event experiences.
Why is the Company Raising Funds? (Objects of the Issue)
The Eventions Limited IPO is a ₹38.12 Crore offering structured entirely as a 100% Fresh Issue. This means all capital raised (net of IPO expenses) will flow directly into the company to fuel its operational scaling and deleveraging strategy. The management has outlined the following primary objectives for the IPO proceeds:
- Funding Working Capital Requirements (₹18.80 Crore): The event management industry is highly working-capital intensive. Eventions requires substantial upfront liquidity to book premium venues, hire artists, and secure third-party vendors well before final client payments are realized. This massive allocation ensures the company can bid for and execute larger, multi-crore corporate events simultaneously without cash flow constraints.
- Repayment of Outstanding Borrowings (₹7.00 Crore): A significant portion of the funds will be used to prepay or repay existing debt facilities. This strategic deleveraging will immediately reduce the company's interest burden, directly expanding net profit margins post-listing.
- Investment in Subsidiary (₹1.40 Crore): Strategic capital injection into its subsidiary company to expand operational capabilities, geographic reach, or specific service verticals within the broader event management ecosystem.
- General Corporate Purposes: The remaining proceeds will cover mandatory issue-related expenses, general administrative operations, and strategic business initiatives designed to sustain long-term revenue growth.
₹18.80 Crore is allocated to fund working capital requirements. Operating as an end-to-end event architect requires substantial upfront liquidity to secure premium venues, logistics partners, and production vendors prior to final client settlements.
Approximately ₹10.92 Crore is assigned for funding mandatory IPO issue expenses, routine corporate administration, and strategic business initiatives to drive continued expansion in the corporate MICE segment.
₹7.00 Crore is dedicated to the full or partial repayment/prepayment of outstanding borrowings. This deleveraging move will meaningfully reduce the company's interest burden and improve net profitability margins.
₹1.40 Crore is earmarked for strategic investment in its recently acquired subsidiary, Gantu Online Private Limited, helping Eventions scale its footprint into the broader FIT (Free Independent Traveller) travel and experiences ecosystem.
Company Financials
| 📅 Period Ended | 📈 Total Income | 💼 Net Worth | 💰 PAT | 🏦 Assets |
|---|---|---|---|---|
| FY 2024 | ₹87.29 | ₹4.73 | ₹3.29 | ₹29.00 |
| FY 2025 | ₹88.02 | ₹9.86 | ₹5.13 | ₹23.77 |
| FY 2026 | ₹100.62 | ₹18.13 | ₹7.72 | ₹50.63 |
Eventions IPO Key Performance Indicators (KPIs)
| Financial KPI (Mar 31, 2026)* | Value |
|---|---|
| Return on Equity (ROE) | 55.16% (FY26) |
| Return on Capital Employed (ROCE) | 48.76% (FY26) |
| EBITDA Margin | 10.13% (FY26) |
| PAT Margin | 7.67% (FY26) |
| Debt to Equity Ratio | 0.52x (FY26) |
| Return on Net Worth (RoNW) | 55.16% (FY26) |
| Earnings Per Share (EPS) | ₹8.62 (Pre-IPO) | ₹6.34 (Post-IPO) |
| Price/Earning (P/E) Ratio | 13.69x (Pre-IPO) | 18.61x (Post-IPO) |
| Net Asset Value (NAV) | ₹20.92 (Pre-IPO) |
| Price to Book (P/B) Value | 5.64x (At Upper Band) |
| Market Cap at Offer Price | ₹105.65 Cr (Pre-IPO) | ₹143.77 Cr (Post-IPO) |
Promoters & Shareholding Pattern
| Shareholder Category | Pre-IPO Holding | Post-IPO Holding |
|---|---|---|
| Promoter & Promoter Group | 99.96% | 73.46% |
| Public / Institutional / Others | 0.04% | 26.54% |
Eventions Limited enters the NSE SME market backed by its core founding promoters, Cristoo Arora, Ravi Rajak, and Kirat Ahluwalia. Prior to the IPO, the promoter group maintained virtually total control of the enterprise with a dominant 99.96% equity stake. Because the ₹38.12 Crore offering is structured entirely as a Fresh Issue, the founding management is not selling any of their personal stakes or offloading shares through an Offer for Sale (OFS). Post-listing, the issuance of new primary equity to the public will organically dilute the promoter holding to a still-massive 73.46%. By retaining such heavy majority control post-IPO, the promoters demonstrate immense conviction in the company's long-term business trajectory as they seek to capture a larger share of the corporate MICE (Meetings, Incentives, Conferences, and Exhibitions) sector.
Industry Peer Comparison
| Company Name | EPS (₹) | P/E Ratio (Post-IPO) | NAV (₹) |
|---|---|---|---|
| Eventions Ltd. (IPO) | 6.34 | 18.61x | 20.92 |
| E Factor Experiences Limited | 13.88 | 14.00x | 68.96 |
| Touchwood Entertainment Limited | 3.20 | 37.19x | 14.12 |
IPO Strengths & Key Risks
Smart Market Insights
Eventions Limited enters the NSE SME platform as an established corporate event management and experiential marketing agency specializing in the high-ticket MICE (Meetings, Incentives, Conferences, and Exhibitions) space. Unlike consumer-oriented wedding planners, Eventions focuses strictly on enterprise B2B accounts, delivering turnkey solutions that bridge creative conceptualization, artist curation, and on-ground logistics. Operating an asset-light model via specialized vendor networks, the company crossed a major operating milestone in FY26, reporting Total Income of ₹100.62 Crore (up from ₹87.29 Crore in FY24). Simultaneously, Profit After Tax (PAT) expanded from ₹3.29 Crore in FY24 to ₹7.72 Crore in FY26. Consequently, the enterprise commands outstanding capital efficiency, boasting a phenomenal Return on Net Worth (RoNW) of 55.16%, a ROCE of 48.76%, and healthy net margins of 7.67%.
The ₹38.12 Crore offering is structured entirely as a 100% Fresh Issue, meaning all net proceeds flow directly into expanding operating capabilities. Management has targeted these funds toward key operational bottlenecks: ₹18.80 Crore (49.32%) is earmarked to fund working capital requirements to bid for and execute larger multi-crore corporate contracts, ₹7.00 Crore (18.36%) will prepay outstanding debt, and ₹1.40 Crore will be injected into its subsidiary, Gantu Online. This debt reduction will immediately lower finance costs and enhance bottom-line resilience. Notably, founding promoters Cristoo Arora, Ravi Rajak, and Kirat Ahluwalia are not offloading a single share via an OFS, retaining a dominant 73.46% equity stake post-listing. However, investors must stay alert to industry-inherent headwinds: event management is highly working-capital intensive with historical periods of negative operating cash flows (-₹2.9 Crore in FY25), long client receivable cycles, unbilled revenue, and high revenue dependence on key corporate repeat accounts.
From a valuation standpoint, management has priced the issue fairly. At the upper price band of ₹118 per share, the IPO commands a post-dilution P/E multiple of 18.61x (based on diluted FY26 EPS of ₹6.34) and a Price-to-Book (P/B) multiple of 5.64x against a pre-IPO NAV of ₹20.92, translating to a post-listing market capitalization of ₹143.77 Crore. While this sits at a moderate premium to peer E Factor Experiences (~14.00x P/E), it is offered at a steep discount to Touchwood Entertainment (~37.19x P/E), leaving reasonable headroom on the table given Eventions' larger top-line scale (₹100+ Crore) and superior 55.16% RoNW. With the minimum retail commitment set at ₹2,83,200 (2 lots / 2,400 shares), this issue demands sizable capital. Given the clean balance sheet transition, strong promoter conviction, and secular tailwinds in corporate MICE spending, we assign a SUBSCRIBE (FOR RISK-TOLERANT INVESTORS) rating for those with a medium-to-long-term horizon who can navigate working capital volatility.
Disclaimer: The information provided above is for educational and informational purposes only and does not constitute financial advice. Initial Public Offerings (IPOs) carry market risks, and equity investments are subject to broader market fluctuations. Wealthova is not a SEBI-registered investment advisor. Always consult with a certified financial planner and conduct your own due diligence before locking up capital in any public issue.
Eventions IPO Key Contacts & Advisors
| Role / Entity | Contact & Details |
|---|---|
| 📋 IPO Registrar |
Mudra RTA Ventures Private Limited
Phone: +91 99588 08069
Email: ipo@mudrarta.com
Website: mudrarta.com
|
| 🏢 Company Contact |
Eventions Limited
Registered Office: Plot No. 108, Sector 44, Institutional Area, Gurgaon Sector 45, Haryana, India, 122003
Phone: +91 98718 22880
Email: compliance@eventions.in
Website: eventions.in
|
| 💼 Merchant Bankers |
Corporate Professionals Capital Private Limited
Book Running Lead Manager
Phone: 011-40622248
Email: mb@indiacp.com
Website: corporateprofessionals.com
|
Frequently Asked Questions (FAQs)
What are the opening and closing dates for the Eventions IPO?
What is the minimum lot size and investment required for retail investors?
How can I check the allotment status for the Eventions IPO?
- Wealthova (Recommended): Check directly on the Wealthova IPO Allotment Status Hub using your PAN number or Application Number for real-time verification.
- Official Registrar Portal: Visit the official allotment page of Mudra RTA Ventures Private Limited.
- Stock Exchange Portal: Verify directly on the official NSE IPO allotment status page.