Eventions IPO to Open on September 30, 2026; Company to Raise Rs 38.12 Crore

Eventions Limited, a player in the MICE and corporate events space, is set to open its Initial Public Offering (IPO) for subscription on September 30, 2026. The IPO will close on October 5, 2026, with the Equity Shares proposed to be listed on the NSE SME platform. The company plans to raise Rs. 38.12 crore through the issue.

The IPO comprises 32,30,400 Equity Shares with a face value of Rs. 10 each. The price band has been fixed at Rs. 112 to Rs. 118 per Equity Share, with the issue aggregating up to Rs. 38.12 crore at the upper end of the price band. The Issue Price will be determined through the book building process.

The market lot for the IPO is 1,200 Equity Shares. Retail investors are required to apply for a minimum of two lots, involving an investment of Rs. 2.83 lakh at the upper end of the price band. HNI investors are required to apply for a minimum of three lots, amounting to Rs. 4.25 lakh. Corporate Professionals Capital Pvt. Ltd. is the Book Running Lead Manager to the Issue, while Mudra RTA Ventures Private Limited is the Registrar to the Issue.

The company plans to utilise the IPO proceeds towards repayment and/or prepayment of certain borrowings, investment in its subsidiary, working capital requirements and general corporate purposes. Of the proceeds, Rs. 7.00 crore will be used for repayment and/or prepayment of borrowings, while Rs. 1.40 crore will be invested in its subsidiary, Gantu Online Private Limited. A further Rs. 18.80 crore will be deployed towards working capital requirements. These investments are intended to strengthen the company’s financial position and support its business expansion and execution of large-scale assignments.

Commenting on the IPO, Ravi Rajak, Managing Director, Eventions Limited, said, “Eventions has built its business by bringing MICE services and event management together under one platform, enabling us to deliver integrated solutions for corporate clients across India and international destinations. As we enter the next phase of our growth, the IPO will strengthen our financial foundation, support our working capital needs and help us further build our capabilities. We remain focused on deepening client relationships, expanding our execution capabilities and creating a scalable platform to capture the growing opportunities in the MICE and corporate events space.”

Eventions has reported growth in its financial performance over the last three financial years. Total income increased from Rs. 87.29 crore in FY24 to Rs. 88.02 crore in FY25 and further to Rs. 100.62 crore in FY26. EBITDA rose from Rs. 4.13 crore in FY24 to Rs. 7.09 crore in FY25 and Rs. 10.19 crore in FY26. Profit After Tax (PAT) increased from Rs. 3.29 crore in FY24 to Rs. 5.13 crore in FY25 and further to Rs. 7.72 crore in FY26. The FY26 performance reflects higher operating profitability and continued improvement in EBITDA and PAT.

Eventions operates in the MICE and corporate events industry, which includes professionally managed conferences, incentive programmes, business events and brand experiences. The company provides integrated MICE and event management services, with capabilities spanning travel, accommodation, Logistics and on-site event management.

Incorporated in 2020, Eventions Limited provides services across corporate events, conferences, incentive travel programmes, virtual events, Free Independent Travel services and brand and marketing activations. Its capabilities cover the event lifecycle, including venue coordination, travel and accommodation arrangements, logistics management and on-site execution.

The company follows an asset-light B2B operating model and works with hospitality providers, destination management companies, logistics partners and event production vendors. It has executed events across India and international destinations, including Spain, France, the Netherlands, Switzerland, Hungary, the UAE, Azerbaijan, Singapore and Indonesia.

Its subsidiary, Gantu Online Private Limited, focuses on B2C travel and customised travel experiences. Eventions aims to deepen its presence across markets, strengthen its client base and pursue opportunities in the evolving MICE and corporate events landscape.

Disclaimer: The article is for informational purposes only and not investment advice.