Eventions IPO

SME • NSE SME • Fresh capital only

LISTEDSMENSE SME

Eventions

Price band

₹112 – ₹118

Lot size

1200 shares

Min investment

₹1,41,600

Issue size

₹38.12 Cr

About the company

Eventions Limited was incorporated in December 2020 and works in the meetings, incentives, conferences and exhibitions business, usually shortened to MICE. It plans, coordinates and runs corporate events and conferences for companies and institutions. Services cover MICE events, corporate events, conferences, incentive travel programmes, virtual events, free independent travel and brand and marketing activations, including venue coordination, travel and accommodation, logistics and running the event on the ground. It works mainly business to business and also executes events on behalf of other event management companies when an assignment is large or spread across cities. The model is asset light, with hospitality providers, destination management companies, logistics partners and event production vendors doing the physical work. It has run events across India and in Spain, France, the Netherlands, Switzerland, Hungary, the UAE, Azerbaijan, Singapore and Indonesia. Across FY2024, FY2025 and FY2026 it executed 107 events each billing more than Rs 50 lakh and served more than 50 corporate clients. MICE work was 91.29% of revenue in FY2026, 91.77% in FY2025 and 87.39% in FY2024. Its subsidiary Gantu Online Private Limited sells travel to consumers. As on 31 March 2026 it had 35 employees.

Eventions Limited plans and runs corporate meetings, incentives, conferences and exhibitions, known as MICE, for corporate and institutional clients. It handles venues, travel, accommodation, logistics and on-site execution in India and abroad, and owns a travel subsidiary, Gantu Online Private Limited.

IPO details

Issue price: ₹118
Price band: ₹112 – ₹118
Face value: ₹10
Lot size: 1200
Min investment: ₹1,41,600
Issue size: ₹38.12 Cr
Sale type: Fresh capital only
Listing on: NSE SME
BSE scrip code: EVENTIONS
NSE symbol: EVENTIONS-SM.NS

Lot size & investment by category

APPLICATION	LOTS	SHARES	AMOUNT
Retail (Min)	1	1,200	₹1,41,600
Retail (Max)	1	1,200	₹1,41,600
HNI (Min)	2	2,400	₹2,83,200

Investor reservation

CATEGORY	RESERVED
QIB	1,62,000 shares
NII	10,51,200 shares (34.26% of the Offer)
Retail	18,55,200 shares (60.46% of the Offer)

Objects of the issue

1Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company7.00

2Investment in Subsidiary1.40

3To meet working capital requirements18.80

4General Corporate Purpose

Financials

Rs. Crore • restated

METRIC	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	50.63	23.77	29.00
Total Income	100.62	88.02	87.29
Profit After Tax	7.72	5.13	3.29
EBITDA	10.19	7.09	4.13
NET Worth	18.13	9.86	4.73
Reserves and Surplus	9.18	9.85	4.72
Total Borrowing	9.44	3.57	2.01

Key performance indicators

P/E Ratio

18.61

EPS (₹)

6.34

RoE

55.16%

RoCE

48.76%

RoNW

55.16%

PAT Margin

7.67%

EBITDA Margin

10.22%

Debt / Equity

0.52

NAV (₹)

20.92

✓ Strengths

• Profit has more than doubled in two years, from Rs 3.29 crore in FY2024 to Rs 5.13 crore in FY2025 and Rs 7.72 crore in FY2026.

• EBITDA has grown from Rs 4.13 crore in FY2024 to Rs 10.19 crore in FY2026.

• Return on net worth is 55.16% and return on capital employed is 48.76%, because the asset-light model needs little capital of its own.

• Net worth has grown from Rs 4.73 crore in FY2024 to Rs 18.13 crore in FY2026.

• Revenue crossed Rs 100 crore in FY2026, at Rs 100.62 crore against Rs 88.02 crore in FY2025.

• There is a record of repeat work, with 107 events each billing over Rs 50 lakh across three years and more than 50 corporate clients.

• The whole Rs 38.12 crore issue is fresh capital with no offer for sale, with Rs 18.80 crore for working capital and Rs 7 crore repaying borrowings.

• It executes events in Europe, the Middle East and Asia-Pacific as well as India, so it is not limited to one market.

⚠ Risks

• The reserves row does not fit the rest of the table, falling from Rs 9.85 crore in FY2025 to Rs 9.18 crore in FY2026 while net worth rose from Rs 9.86 crore to Rs 18.13 crore.

• The assets row moves oddly too, falling from Rs 29.00 crore in FY2024 to Rs 23.77 crore in FY2025 and then more than doubling to Rs 50.63 crore in FY2026.

• Revenue was almost flat between FY2024 and FY2025, at Rs 87.29 crore and Rs 88.02 crore, so only one year of real growth is on record.

• The profit margin is thin at 7.67% and the EBITDA margin is 10.22%, because most of the billing is passed on to hotels, airlines and vendors.

• Rs 7 crore of the Rs 38.12 crore issue repays borrowings and Rs 1.40 crore goes into the subsidiary Gantu Online Private Limited, so that part of the money does not build the main business.

• Borrowing has risen from Rs 2.01 crore in FY2024 to Rs 9.44 crore in FY2026.

• The client list is short at more than 50 corporate customers, and corporate event budgets are cut first when companies tighten spending.

• The company runs on 35 employees and buys in venues, travel and production, so delivery depends on vendors it does not control.

• The QIB reservation of 1,62,000 shares is shown without a percentage of the offer, so the split cannot be checked against the other categories.

• The company was incorporated only in December 2020, so there is no record of how it trades through a weak year.

• Promoter holding falls from 99.96% to 73.46% after the issue.

• This is an SME issue. One lot is 1,200 shares, which is about Rs 1.42 lakh at the upper band of Rs 118, and SME shares usually trade in low volume after listing.

Promoters & holding

Cristoo Arora, Ravi Rajak and Kirat Ahluwalia

Pre-issue promoter holding

99.96%

Post-issue promoter holding

73.46%

Promoters hold 99.96% before the issue and will hold 73.46% after it.

Data refreshed 07 Nov 2026, 04:40 pm IST. GMP is unofficial market sentiment, not investment advice.