Eventions Limited IPO to open September 30, aims to raise Rs 38.12 crore
Eventions Limited's IPO opens September 30 and closes October 5, 2026, with a price band of Rs 112-118 per share.
The IPO of Eventions Limited, a company engaged in MICE and corporate event work, will open on September 30, 2026, and close on October 5, 2026. The company is looking to raise Rs 38.12 crore through the issue.
The company has fixed a price band of Rs 112 to Rs 118 per equity share for the IPO. A total of 32,30,400 equity shares will be issued, with each share carrying a face value of Rs 10. The company's shares are proposed to be listed on the NSE SME platform, and the final IPO price will be decided through the book building process.
The market lot for this IPO is 1,200 shares. Retail investors will have to apply for a minimum of 2 lots, which means, at the upper price band of Rs 118, retail investors will need to invest at least Rs 2.83 lakh. HNI investors will need a minimum of 3 lots, requiring an investment of around Rs 4.25 lakh at the upper price band. Corporate Professionals Capital Pvt. Ltd. will be the book running lead manager for the issue, while Mudra RTA Ventures Private Limited will be the registrar.
The company has said the funds raised from the IPO will be used to strengthen its financial position. Of this, Rs 7 crore will be used to repay or prepay debt, Rs 1.40 crore will be invested in the company's subsidiary, and Rs 18.80 crore will go towards working capital requirements. The remaining amount will be used for general corporate purposes. The company expects that a larger sum for working capital will give it financial flexibility for bigger events and a growing business.
Eventions Limited is a company in the MICE and corporate events sector, offering services such as event planning, event execution, incentive travel and brand activation. The company organises conferences, business events, incentive programmes and brand experiences for corporate clients in India as well as at international locations. The company's focus is on providing end-to-end services, from travel, accommodation and logistics to on-site event management.
The company's performance has improved over the last three financial years. Its total revenue was Rs 87.29 crore in FY24, which rose to Rs 88.02 crore in FY25 and further to Rs 100.62 crore in FY26. EBITDA also rose during this period, from Rs 4.13 crore in FY24 to Rs 7.09 crore in FY25 and Rs 10.19 crore in FY26. The company's profit after tax rose from Rs 3.29 crore in FY24 to Rs 5.13 crore in FY25 and Rs 7.72 crore in FY26.
Corporate companies are increasingly seeking professional services for conferences, incentive travel, business events and brand activation, which is creating more opportunities in the MICE sector. Eventions Limited is looking to strengthen its position in this growing market. According to the company, the money raised from the IPO will help manage its debt burden as well as meet working capital requirements and fund further business expansion.
Eventions Limited's IPO will open on September 30, 2026, and close on October 5, 2026. Before investing in this IPO, investors should check the company's DRHP/RHP, its financial position, the risk factors of the IPO and other related information.
