SME

IPO ·

NSE Emerge

Eventions Ltd

Listed

Gurugram event management firm handling MICE, corporate conferences and incentive travel.

Issue details

Price band

₹112 – ₹118

Face value

₹10

Lot size

1,200 shares

Minimum investment

₹2,83,200

Issue size

₹38.12 Cr

Fresh issue

₹38.12 Cr

Offer for sale

—

Issue type

Book Built

Exchange

NSE Emerge

Key dates

Opens

30 Sep 2026

Closes

5 Oct 2026

UPI mandate cut-off

5:00 PM on 5 Oct 2026

Allotment

6 Oct 2026

Refunds

7 Oct 2026

Shares in demat

7 Oct 2026

Listing

8 Oct 2026

Subscription and listing

Subscription

2.39x

Listing price

₹111

Registrar

Mudra RTA Ventures Pvt Ltd

Lead manager

Corporate Professionals Capital Pvt Ltd

Subscription by category

QIB (Ex Anchor)

26.18x

NII *

0.52x

bNII (> ₹10L)

0.32x

sNII (< ₹10L)

0.92x

Individual Investor

1.38x

Total

2.39x

Total applications

1,178

Listing day

Issue price

₹118

Open

₹111.00

High

₹111.00

Low

₹105.45

Day close

₹105.45

Listing gain at open

-5.93%

Issue structure

Shares reserved per category and share of the total issue

QIB

1,62,000

5.01%

NII

10,51,200

32.54%

bNII > ₹10L

7,02,000

21.73%

sNII < ₹10L

3,49,200

10.81%

Retail

18,55,200

57.43%

Market Maker

1,62,000

5.01%

Total

32,30,400

100.00%

Finaccle’s quick read

Neutral

PAT up 51% in FY26 with ROE of 55.16%, debt/equity of 0.52 and post-issue P/E of 18.61, but income grew only 14% on a thin 7.67% PAT margin and was flat the year before.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Eventions is a B2B event management company focused on MICE (meetings, incentives, conferences and exhibitions), which brings in over 90% of its revenue. It has served more than 50 corporate clients and run 107 events billed above ₹50 lakh between FY24 and FY26, and has a subsidiary, Gantu Online, for B2C travel. Total income crossed ₹100 Cr in FY26 with a team of 35.

Founded

2020

2020

Promoters

Cristoo Arora, Ravi Rajak, Kirat Ahluwalia

Cristoo Arora, Ravi Rajak, Kirat Ahluwalia

Products and segments

MICE and corporate event management; B2C travel via subsidiary Gantu Online

MICE and corporate event management; B2C travel via subsidiary Gantu Online

Promoter holding

99.96% pre-issue; 73.46% post-issue

99.96% pre-issue; 73.46% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

100.62

100.62

10.19

7.72

7.72

18.13

9.44

9.44

50.63

FY25

FY25

88.02

88.02

7.09

5.13

5.13

9.86

3.57

3.57

23.77

FY24

FY24

87.29

87.29

4.13

3.29

3.29

4.73

2.01

2.01

29.00

ROE

55.16%

ROCE

48.76%

Debt / equity

0.52

PAT margin

7.67%

P/E post issue

18.61

Market cap

₹143.77 Cr

Use of IPO money

Repayment/prepayment of borrowings

₹7.00 Cr

Investment in subsidiary

₹1.40 Cr

Working capital

₹18.80 Cr

General corporate purpose

₹5.62 Cr

Issue expenses

₹5.30 Cr

Strengths

✓

Asset-light event management model

✓

Repeat corporate client base

✓

PAT up 51% in FY26 with ROE of 55.16%

✓

Entirely fresh issue

Risks to watch

!

Thin PAT margin of 7.67%

!

Income nearly flat between FY24 and FY25

!

Over 90% of revenue from the MICE segment

!

Borrowings rose from ₹3.57 Cr to ₹9.44 Cr in FY26

!

Small net worth base before the IPO

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.