Eventions Ltd IPO
Status: Closed
Overview
IPO date
30 Sept 2026 to 05 Oct 2026
Face value
₹ 10 per share
Price
₹ 112 to ₹118 per share
Issue Size
3,230,400 shares
(aggregating up to ₹ 38.12 Cr)
(aggregating up to ₹ 38.12 Cr)
Allotment Date
06 Oct 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Miscellaneous
Unlock Stock of the Month
T&C*
Strengths vs Risks of Eventions Ltd
Know the pros & cons
Strengths
- Proven Track Record in Execution of Corporate Events and Conferences.
- Experienced Promoters with Industry Expertise.
- Asset-Light and Scalable Operating Model.
- Capability to Execute Large-Format Events.
- Client-Centric Approach with Repeat Business Relationships.
Risks
- The Company derives a significant portion of its revenues from a limited number of customers, a substantial proportion of which comprises repeat engagements, and any reduction, delay, or discontinuation of business from such customers could materially affect the company's revenue and profitability.
- The company's PAT margins increased significantly in Fiscal 2025 and Fiscal 2026, and such increased profitability levels and dependence on a limited number of customers may not be sustainable in future periods.
- The company intends to utilise a portion of the Net Proceeds towards investment in its subsidiary, Gantu Online Private Limited, which is at an early stage of operations with limited operating history and limited experience in the travel and FIT services business, and any underperformance of such subsidiary may adversely affect the company's business, financial condition and results of operations.
- Conflict of interest may arise as certain promoter group entities are engaged or may be engaged in a similar line of business as the Company.
- The company's revenue is significantly derived from its MICE services, and any adverse changes in demand for such services may impact the company's business, results of operations and financial condition.
- The company has significant working capital requirements for its smooth day to day operations of business and discontinuance or the company's inability to acquire adequate working capital timely and on favourable terms may have an adverse effect on its operations, profitability and growth prospects.
- The company has in past entered into related party transactions and its may continue to do so in the future.
- There have been some instances of delays in filing in the past with the Registrar of Companies (RoC) and further the Company has not complied with certain statutory provisions of the Companies Act, 2013 and rules framed thereunder. Such non-compliances/ lapses may attract penalties.
- The company's Promoter has previously been associated with a company which is under the process of striking off by the Registrar of Companies, which may attract regulatory scrutiny.
- There have been certain qualifications and adverse observations in the past by the company's statutory auditors in relation to statutory compliances and accounting matters, which may attract regulatory scrutiny and could have an adverse impact on the company's financial condition and reputation.
- A portion of the company's revenue is recognised prior to invoicing in accordance with applicable accounting standards and is reflected as unbilled revenue in its financial statements. Any delay in billing or collection of such amounts may adversely affect the company's cash flows and financial condition.
- The Company has experienced negative cash flows in certain periods and sustained negative cash flows could adversely affect its business, financial condition and results of operations.
- The company has certain outstanding litigation against its, an adverse outcome of which may adversely affect the company's business, reputation and results of operations.
- The Company primarily operates based on purchase orders or event-specific work orders from clients rather than long-term contracts, and any reduction or delay in such orders may adversely affect the company's revenue and profitability.
- The company's business is operating under various laws which requires it to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company's inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company's business, prospects, results of operations and financial condition.
- There have been instances of delays in payment of statutory dues, i.e. ESIC,EPF, GST, Income Tax and TDS by the Company. In case of any delay in payment of statutory due in future by the Company, the Regulatory Authorities may impose monetary penalties on the company or take certain punitive actions against its in relation to the same which may have adverse impact on the company's business, financial condition and results of operations.
- A significant portion of the company's revenue is derived from operations in certain geographical regions, particularly Haryana, and any adverse developments in these regions could adversely affect its business, financial condition and results of operations.
- The company's primary brand name and logo `EVENTIONS' is currently registered in the name of its Promoter and the transfer of such trademark in favour of the Company is pending registration, which may expose it to risks relating to ownership and enforcement of the company's intellectual property.
- The Company is dependent on third-party vendors for execution of its event management services, and a significant portion of the company's event-related expenses is concentrated among a limited number of such vendors. Any disruption in the availability, performance or pricing of such vendors may adversely affect its business, results of operations and financial condition.
- The company's business operations are dependent on information technology systems and digital communication platforms and any disruption, failures, inadequacy or security breach in such systems may adversely affect its operations, client servicing, financial performance and reputation.
- Any delay or default in payments from the company's clients may adversely affect its cash flows, working capital requirements and financial condition.
- The company operations involve on-ground execution and coordination of events across diverse venues, exposing the company to potential operational, safety and reputational risks, which may adversely affect its business, results of operations and financial condition.
- The company's Registered Office is located on leased premises. There may or may not be assurance that its will be able to retain or renew such leases on the same or similar terms, or that the company will find alternate locations for the existing offices on terms favourable to the company, or at all.
- The company's business is subject to seasonality and fluctuations, which may result in uneven revenues, cash flows and sub-optimal utilisation of resources during certain periods.
- The company's business is significantly dependent on maintaining high standards of service quality and client satisfaction, and any failures to meet client expectations may adversely affect its reputation, client relationships, business prospects and may expose the company to potential service deficiency claims.
- The company's asset-light operating model involves significant reliance on third-party vendors, subcontractors and freelance professionals for event infrastructure, production and on-ground execution, and any failures or delay on their part may adversely affect the company operations, project timelines and reputation.
- The event management and MICE industry is highly competitive and fragmented, and the company's inability to maintain differentiation through service quality, innovation, and client retention may adversely affect its market position and profitability.
- The company's significant dependence on domestic corporate clients for MICE and event management assignments exposes it to demand risks arising from fluctuations in corporate travel, marketing and employee engagement expenditure.
- The company's business performance is sensitive to macroeconomic conditions, geopolitical conflicts, including ongoing war situations, travel restrictions, and other external factors beyond its control.
- Cancellation, postponement or scaling down of events by clients may adversely affect the company's revenue, profitability and cash flows.
- The company's execution of events across multiple domestic and international locations exposes it to logistical, regulatory and operational challenges that may affect timely project delivery.
- The company's future growth depends on its ability to successfully implement the company's expansion strategies and effectively utilize the Issue Proceeds.
- Failures to adapt to evolving event formats, including digital and hybrid events, may affect its competitiveness and growth prospects.
- Inadequate protection of client data, event information, or digital content may expose it to data privacy, confidentiality, regulatory and reputational risks.
- The average cost of acquisition of Equity Shares by the company's Promoters may be lower than the issue price of Equity Share.
- The Company has issued Equity Shares in the last 12 months at a price which may be lower than the Issue Price.
- The company's Promoters and Promoter Group will continue to retain a majority shareholding in the Company after the Issue, which will enable them to exercise significant influence over its operations and key corporate decisions.
- The company's success depends on the continued services of its promoters, key managerial personnel and other skilled, creative and operational personnel, and the company's inability to attract, retain or effectively utilise such talent may adversely affect its business operations and growth.
- The company's business operations involve coordination with third-party transportation and travel service providers for execution of certain domestic and international events, and any disruption, delay or deficiency in such services may adversely affect event execution, client satisfaction and the company's reputation.
- The company's Promoters, Directors and Key Managerial Personnel have interests in the Company other than reimbursement of expenses or normal remuneration or benefits, which may result in potential conflicts of interest.
- The company operations may be exposed to foreign exchange fluctuations arising from international event arrangements and related transactions.
- The company's subsidiary has incurred losses in its initial year of operations, which may adversely affect the company's consolidated financial performance.
- The company's Promoters have extended personal guarantee in connection with some of its debt facilities to the company. There can be no assurance that such personal guarantee will be continued to be provided by the company's Promoters in future or can be called at any time, affecting the financial arrangements.
- Certain unsecured loans availed by the Company is repayable on demand and may be recalled by the lenders at any time, which may adversely affect its liquidity and financial condition.
- The Objects of the Issue for which funds are being raised are based on the company's management estimates and the same have not been appraised by any bank or financial institution or any independent agency.
- Certain industry and market data included in this Red Herring Prospectus have not been independently verified by the company.
- The company has not identified any alternate source of funding for the Objects of the Issue, and any delay or shortfall in raising funds through the Issue may affect the implementation of its business plans.
- Certain key performance indicators of listed industry peers included in this Red Herring Prospectus are based on publicly available information and may not be directly comparable.
- The company's ability to access external financing may be limited in the absence of a credit rating, and any unfavourable credit assessment in the future may adversely affect its business, financial condition and growth prospects.
- If the company fails to maintain an effective system of internal controls, its may not be able to effectively manage the company operations or accurately report its financial results.
- A majority of the company Directors does not have prior experience as directors of listed companies, which may affect its ability to effectively address the regulatory and governance requirements applicable to a listed entity.
- The company's employees may engages in misconduct or other improper activities, which could adversely affect its business and reputation.
- Any variation in the utilisation of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- The company has not paid any dividends in the past and its ability to pay dividends in the future will depends upon the company's future earnings, financial condition and other factors.
Eventions Ltd Peer Comparison
Understand the company’s industry standing
Eventions Limited
Mach Conferences & Events Limited
Face Value
10
10
Standalone / Consolidated
Standalone
Consolidated
Total Income Rs. Cr.
---
---
EPS-Basis
8.9
7.16
EPS-Diluted
---
---
NAV Per Share
20.92
58.47
P/E-Basic EPS
---
22.44
P/E-Diluted EPS
---
---
RONW(%)
55.16
12.99
Latest NAV Period
---
---
Latest NAV
---
---
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The IPO opens on 30 Sept 2026 & closes on 05 Oct 2026.
Eventions Limited was incorporated on December 15, 2020, as Eventions Private Limited', with the Central Registration Centre. Thereafter, Company was converted from private limited to public limited, and the name of the Company was changed from 'Eventions Private Limited' to 'Eventions Limited' vide fresh Certificate of incorporation dated February 26, 2026 issued by the Registrar of Companies, Central Processing Centre.
The services include MICE services, including meetings, conferences, board meetings, training sessions and incentive travel programs; corporate events like product launches, conferences and corporate gatherings, award ceremonies, promotional events including Virtual programs, conducted through digital platforms; brand and marketing activations.
Company primarily operates in the business-to-business (B2B) segment, focusing on event management and MICE services for corporate and institutional clients. In the initial stages of operations, the Company undertook travel-related services, including customized travel solutions and Free Independent Traveller (FIT) offerings. Subsequently, to expand and scale the travel and experiential business, such activities have been transitioned and are currently undertaken through its subsidiary, Gantu Online Private Limited.
Company has undertaken assignments for clients operating across various sectors including banking, insurance, event management, fast-moving consumer goods and other industry. The Company's integrated service structure enable it to support clients across multiple components of corporate programs, including event planning, travel coordination, accommodation arrangements and on-site event execution.
Company has filed a Draft Prospectus with SEBI & is planning the issuance of 32,30,400 equity shares of Rs 10 each through IPO.
Eventions Ltd IPO will close on 05 Oct 2026.
- Proven Track Record in Execution of Corporate Events and Conferences.
- Experienced Promoters with Industry Expertise.
- Asset-Light and Scalable Operating Model.
- Capability to Execute Large-Format Events.
- Client-Centric Approach with Repeat Business Relationships.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Cristoo Arora | 4382629 | 48.95 | 4382629 | 35.97 |
| 2 | Ravi Rajak | 4479980 | 50.04 | 4479980 | 36.77 |
| 3 | Kirat Ahluwalia | 36450 | 0.41 | 36450 | 0.3 |
| 4 | Malti Verma | 43650 | 0.49 | 43650 | 0.36 |
| 5 | Vincy Arora | 7200 | 0.08 | 7200 | 0.06 |
- The Company derives a significant portion of its revenues from a limited number of customers, a substantial proportion of which comprises repeat engagements, and any reduction, delay, or discontinuation of business from such customers could materially affect the company's revenue and profitability.
- The company's PAT margins increased significantly in Fiscal 2025 and Fiscal 2026, and such increased profitability levels and dependence on a limited number of customers may not be sustainable in future periods.
- The company intends to utilise a portion of the Net Proceeds towards investment in its subsidiary, Gantu Online Private Limited, which is at an early stage of operations with limited operating history and limited experience in the travel and FIT services business, and any underperformance of such subsidiary may adversely affect the company's business, financial condition and results of operations.
- Conflict of interest may arise as certain promoter group entities are engaged or may be engaged in a similar line of business as the Company.
- The company's revenue is significantly derived from its MICE services, and any adverse changes in demand for such services may impact the company's business, results of operations and financial condition.
- The company has significant working capital requirements for its smooth day to day operations of business and discontinuance or the company's inability to acquire adequate working capital timely and on favourable terms may have an adverse effect on its operations, profitability and growth prospects.
- The company has in past entered into related party transactions and its may continue to do so in the future.
- There have been some instances of delays in filing in the past with the Registrar of Companies (RoC) and further the Company has not complied with certain statutory provisions of the Companies Act, 2013 and rules framed thereunder. Such non-compliances/ lapses may attract penalties.
- The company's Promoter has previously been associated with a company which is under the process of striking off by the Registrar of Companies, which may attract regulatory scrutiny.
- There have been certain qualifications and adverse observations in the past by the company's statutory auditors in relation to statutory compliances and accounting matters, which may attract regulatory scrutiny and could have an adverse impact on the company's financial condition and reputation.
- A portion of the company's revenue is recognised prior to invoicing in accordance with applicable accounting standards and is reflected as unbilled revenue in its financial statements. Any delay in billing or collection of such amounts may adversely affect the company's cash flows and financial condition.
- The Company has experienced negative cash flows in certain periods and sustained negative cash flows could adversely affect its business, financial condition and results of operations.
- The company has certain outstanding litigation against its, an adverse outcome of which may adversely affect the company's business, reputation and results of operations.
- The Company primarily operates based on purchase orders or event-specific work orders from clients rather than long-term contracts, and any reduction or delay in such orders may adversely affect the company's revenue and profitability.
- The company's business is operating under various laws which requires it to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company's inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company's business, prospects, results of operations and financial condition.
- There have been instances of delays in payment of statutory dues, i.e. ESIC,EPF, GST, Income Tax and TDS by the Company. In case of any delay in payment of statutory due in future by the Company, the Regulatory Authorities may impose monetary penalties on the company or take certain punitive actions against its in relation to the same which may have adverse impact on the company's business, financial condition and results of operations.
- A significant portion of the company's revenue is derived from operations in certain geographical regions, particularly Haryana, and any adverse developments in these regions could adversely affect its business, financial condition and results of operations.
- The company's primary brand name and logo `EVENTIONS' is currently registered in the name of its Promoter and the transfer of such trademark in favour of the Company is pending registration, which may expose it to risks relating to ownership and enforcement of the company's intellectual property.
- The Company is dependent on third-party vendors for execution of its event management services, and a significant portion of the company's event-related expenses is concentrated among a limited number of such vendors. Any disruption in the availability, performance or pricing of such vendors may adversely affect its business, results of operations and financial condition.
- The company's business operations are dependent on information technology systems and digital communication platforms and any disruption, failures, inadequacy or security breach in such systems may adversely affect its operations, client servicing, financial performance and reputation.
- Any delay or default in payments from the company's clients may adversely affect its cash flows, working capital requirements and financial condition.
- The company operations involve on-ground execution and coordination of events across diverse venues, exposing the company to potential operational, safety and reputational risks, which may adversely affect its business, results of operations and financial condition.
- The company's Registered Office is located on leased premises. There may or may not be assurance that its will be able to retain or renew such leases on the same or similar terms, or that the company will find alternate locations for the existing offices on terms favourable to the company, or at all.
- The company's business is subject to seasonality and fluctuations, which may result in uneven revenues, cash flows and sub-optimal utilisation of resources during certain periods.
- The company's business is significantly dependent on maintaining high standards of service quality and client satisfaction, and any failures to meet client expectations may adversely affect its reputation, client relationships, business prospects and may expose the company to potential service deficiency claims.
- The company's asset-light operating model involves significant reliance on third-party vendors, subcontractors and freelance professionals for event infrastructure, production and on-ground execution, and any failures or delay on their part may adversely affect the company operations, project timelines and reputation.
- The event management and MICE industry is highly competitive and fragmented, and the company's inability to maintain differentiation through service quality, innovation, and client retention may adversely affect its market position and profitability.
- The company's significant dependence on domestic corporate clients for MICE and event management assignments exposes it to demand risks arising from fluctuations in corporate travel, marketing and employee engagement expenditure.
- The company's business performance is sensitive to macroeconomic conditions, geopolitical conflicts, including ongoing war situations, travel restrictions, and other external factors beyond its control.
- Cancellation, postponement or scaling down of events by clients may adversely affect the company's revenue, profitability and cash flows.
- The company's execution of events across multiple domestic and international locations exposes it to logistical, regulatory and operational challenges that may affect timely project delivery.
- The company's future growth depends on its ability to successfully implement the company's expansion strategies and effectively utilize the Issue Proceeds.
- Failures to adapt to evolving event formats, including digital and hybrid events, may affect its competitiveness and growth prospects.
- Inadequate protection of client data, event information, or digital content may expose it to data privacy, confidentiality, regulatory and reputational risks.
- The average cost of acquisition of Equity Shares by the company's Promoters may be lower than the issue price of Equity Share.
- The Company has issued Equity Shares in the last 12 months at a price which may be lower than the Issue Price.
- The company's Promoters and Promoter Group will continue to retain a majority shareholding in the Company after the Issue, which will enable them to exercise significant influence over its operations and key corporate decisions.
- The company's success depends on the continued services of its promoters, key managerial personnel and other skilled, creative and operational personnel, and the company's inability to attract, retain or effectively utilise such talent may adversely affect its business operations and growth.
- The company's business operations involve coordination with third-party transportation and travel service providers for execution of certain domestic and international events, and any disruption, delay or deficiency in such services may adversely affect event execution, client satisfaction and the company's reputation.
- The company's Promoters, Directors and Key Managerial Personnel have interests in the Company other than reimbursement of expenses or normal remuneration or benefits, which may result in potential conflicts of interest.
- The company operations may be exposed to foreign exchange fluctuations arising from international event arrangements and related transactions.
- The company's subsidiary has incurred losses in its initial year of operations, which may adversely affect the company's consolidated financial performance.
- The company's Promoters have extended personal guarantee in connection with some of its debt facilities to the company. There can be no assurance that such personal guarantee will be continued to be provided by the company's Promoters in future or can be called at any time, affecting the financial arrangements.
- Certain unsecured loans availed by the Company is repayable on demand and may be recalled by the lenders at any time, which may adversely affect its liquidity and financial condition.
- The Objects of the Issue for which funds are being raised are based on the company's management estimates and the same have not been appraised by any bank or financial institution or any independent agency.
- Certain industry and market data included in this Red Herring Prospectus have not been independently verified by the company.
- The company has not identified any alternate source of funding for the Objects of the Issue, and any delay or shortfall in raising funds through the Issue may affect the implementation of its business plans.
- Certain key performance indicators of listed industry peers included in this Red Herring Prospectus are based on publicly available information and may not be directly comparable.
- The company's ability to access external financing may be limited in the absence of a credit rating, and any unfavourable credit assessment in the future may adversely affect its business, financial condition and growth prospects.
- If the company fails to maintain an effective system of internal controls, its may not be able to effectively manage the company operations or accurately report its financial results.
- A majority of the company Directors does not have prior experience as directors of listed companies, which may affect its ability to effectively address the regulatory and governance requirements applicable to a listed entity.
- The company's employees may engages in misconduct or other improper activities, which could adversely affect its business and reputation.
- Any variation in the utilisation of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- The company has not paid any dividends in the past and its ability to pay dividends in the future will depends upon the company's future earnings, financial condition and other factors.
The Issue type of Eventions Ltd is Book Building - SME.
The minimum application for shares of Eventions Ltd is 2400.
The total shares issue of Eventions Ltd is 3230400.
Initial public issue of 32,30,400 equity shares of face value of Rs. 10 each ("Equity Shares") of Eventions Limited ("Company") for cash at a price of Rs. 118 per equity share (including a share premium of Rs. 108 per equity share) ("Issue Price") aggregating to Rs. 38.12 Crores of which up to 1,62,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 118 per equity share including a share premium of Rs. 108 per equity share aggregating to Rs. 1.91 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Net issue of 30,68,400 equity shares of face value of Rs. 10 each at a price of Rs. 118 per equity share aggregating to Rs. 36.21 Crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.51% and 25.18% respectively of the post issue paid up equity share capital of the company.
Price Band: Rs. 118 per equity share of face value of Rs. 10/- each.
The floor price is 11.80 times of the face value of the equity shares.
Bids can be made for a minimum of two lot (lot size consist of 2,400 equity shares each) and in multiples of 1,200 equity shares thereafter.