Eventions Limited, a player in the MICE and corporate events space, has opened its Initial Public Offering (IPO), with the issue set to remain open from September 30 to October 5, 2026. The company is offering 32,30,400 equity shares with a face value of ₹10 each in a price band of ₹112 to ₹118 per share, aggregating up to ₹38.12 crore at the upper end of the price band.
The equity shares are proposed to be listed on the NSE SME platform. The issue price will be determined through the book-building process. The market lot comprises 1,200 equity shares, with retail investors required to apply for a minimum of two lots, amounting to ₹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 ₹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.
IPO Proceeds to Support Working Capital and Expansion
Eventions plans to utilise the IPO proceeds across debt repayment, investment in its subsidiary, working capital requirements and general corporate purposes.
Of the total proceeds, ₹7 crore will be used towards repayment and/or prepayment of certain borrowings, while ₹1.40 crore will be invested in its subsidiary. The company plans to deploy ₹18.80 crore towards working capital requirements, with the funds expected to support its ongoing operations 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.”
Revenue Crosses ₹100 Crore in FY26
Eventions has reported growth in revenue and profitability over the last three financial years. Its total income increased from ₹87.29 crore in FY24 to ₹88.02 crore in FY25 and ₹100.62 crore in FY26.
EBITDA rose from ₹4.13 crore in FY24 to ₹7.09 crore in FY25 and ₹10.19 crore in FY26. Profit After Tax (PAT) increased from ₹3.29 crore in FY24 to ₹5.13 crore in FY25 and ₹7.72 crore in FY26.
The company said its FY26 performance was supported by higher operating profitability, with continued improvement in EBITDA and PAT.
Integrated MICE and Event Management Operations
Incorporated in 2020, Eventions operates across the MICE and event management sectors, providing services to corporate and institutional clients. Its portfolio includes corporate events, conferences, incentive travel programmes, virtual events, Free Independent Travel services, and brand and marketing activations.
The company’s services span venue coordination, travel and accommodation arrangements, logistics and on-site event execution. Operating through an asset-light B2B model, Eventions works with hospitality providers, destination management companies, logistics partners and event production vendors to execute assignments.
The company has delivered events across India and international markets, including Europe, the Middle East and Asia Pacific, with projects in Spain, France, the Netherlands, Switzerland, Hungary, the UAE, Azerbaijan, Singapore and Indonesia.
Eventions’ subsidiary, Gantu Online Private Limited, focuses on B2C travel and customised travel experiences. Through the IPO, the company aims to strengthen its financial position, support working capital requirements and build capacity for its next phase of growth across the MICE and corporate events market.
