Eventions IPO to Open on September 30; Aims to Raise Rs. 38.12 Crore
Eventions Limited announces its Rs. 38.12 crore IPO. Find out the price band, subscription dates, and how the company plans to use the funds.
Eventions Limited, a prominent player in the MICE (Meetings, Incentives, Conferences, and Exhibitions) and corporate events sector, has officially announced its Initial Public Offering (IPO). The company, which specializes in event planning, brand activations, and incentive travel both in India and internationally, is set to hit the NSE SME platform.
The Eventions IPO details indicate that the subscription period will commence on Wednesday, September 30, 2026, and conclude on Monday, October 5, 2026. Investors looking to participate in this offering will see the company issue 32,30,400 equity shares.
Price Band and Subscription Particulars
The company has set a price band of Rs. 112 to Rs. 118 per equity share. At the upper end of this band, the total issue size aggregates to approximately Rs. 38.12 crore. The final issue price will be decided through a book-building process.
Investors should take note of the following requirements for participation:
- Market Lot: 1,200 Equity Shares
- Retail Investors: Minimum application of two lots, totaling Rs. 2.83 lakh at the upper price band.
- HNI Investors: Minimum application of three lots, totaling Rs. 4.25 lakh at the upper price band.
Corporate Professionals Capital Pvt. Ltd. is serving as the Book Running Lead Manager, while Mudra RTA Ventures Private Limited has been appointed as the Registrar for the issue.
Strategic Use of IPO Proceeds
Eventions Limited intends to utilize the capital raised to bolster its financial structure and fuel its next stage of expansion. The company has outlined a clear roadmap for the deployment of funds:
- Debt Management: Rs. 7.00 crore will be allocated toward the repayment or prepayment of existing borrowings to optimize the debt position.
- Subsidiary Investment: Rs. 1.40 crore will be directed toward investing in its subsidiary.
- Working Capital: A significant portion, amounting to Rs. 18.80 crore, will be used to meet working capital requirements, providing the liquidity needed for large-scale event executions.
- General Corporate Purposes: Remaining funds will support general business activities.
Ravi Rajak, Managing Director of Eventions Limited, stated that the IPO is designed to strengthen the company's financial foundation and support its mission to provide integrated solutions for corporate clients globally. He emphasized the focus on deepening client relationships and building a scalable platform for the growing MICE market.
Financial Performance Overview
The company has reported a trajectory of consistent growth over the last three financial years, showing marked improvements in both top-line revenue and bottom-line profitability:
- Revenue Growth: Total income rose from Rs. 87.29 crore in FY24 to Rs. 100.62 crore in FY26.
- EBITDA Trends: Earnings Before Interest, Taxes, Depreciation, and Amortization increased from Rs. 4.13 crore in FY24 to Rs. 10.19 crore in FY26.
- Profitability: Profit After Tax (PAT) saw a steady climb from Rs. 3.29 crore in FY24 to Rs. 7.72 crore in FY26.
This upward trend reflects the company's ability to maintain higher operating profitability as corporate demand for professionally managed conferences and incentive programs continues to rise.