Eventions IPO
Eventions IPO is an SME IPO raising ₹38 Cr at ₹112 – ₹118 a share. It listed on 8 Oct 2026 at ₹111, −5.9% against its issue price of ₹118, and trades at ₹60 today (−49.1% since issue). It was subscribed 2.44× in total.
2.4 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
What this company actually does
Read out of the prospectus’s business section, stripped of its marketing language.
Eventions Limited is a Gurgaon-based B2B event management company that plans, coordinates and executes corporate events, conferences, incentive travel programs, exhibitions and brand activations for corporate and institutional clients in India and abroad. It also acts as a back-end execution partner for other event management companies handling large or multi-location assignments. FIT (customised travel) work has been moved to its subsidiary Gantu Online Private Limited, which targets individual travellers (B2C).
How it earns
Revenue comes from project/event-based fees for planning and executing corporate meetings, conferences, incentive trips, exhibitions and brand activation campaigns, billed to clients on a per-event basis.
Who buys
B2B clients concentrated heavily in Banking & Insurance (85.91% of FY26 revenue). Top customer accounted for 42.72% of revenue in FY26 (Rs 42.62 crore), down from 54.82% in FY25 and 63.21% in FY24. Top 10 customers made up 84.59% of FY26 revenue (Rs 84.37 crore). Client base is small in number but high in ticket size - 49 high-value events (contract value Rs 50 lakh+) served to 21 clients in FY26.
Scale
Revenue from operations of Rs 99.74 crore in FY26, Rs 87.53 crore in FY25 and Rs 86.57 crore in FY24 (figures originally in lakhs; 1 crore = 100 lakh). Executed 49 high-value events (Rs 50 lakh+ ticket size) in FY26 across 26 domestic and 23 international locations; cumulative 107 such events across FY24-FY26. 35 employees as of March 31, 2026, including 13 in MICE operations and 6 in Events operations. Operates from a registered office in Gurgaon plus roughly a dozen small co-working offices across Delhi, Goa, Hyderabad, Chennai, Jaipur, Mumbai, Kochi, Bangalore, Kolkata, Dehradun, Dharamshala and Noida.
What it says sets it apart
- MICE accounts for 91.29% of revenue (FY26), giving a single-segment focus rather than a fragmented services mix
- Asset-light execution - coordinates through hospitality providers, destination management companies, logistics partners and event production vendors rather than owning event infrastructure
- Execution footprint spans international destinations in Europe (Spain, France, Netherlands, Switzerland, Hungary), Middle East (UAE, Azerbaijan) and Asia-Pacific (Singapore, Indonesia), in addition to Indian cities
- International events contributed 71.10% of FY26 revenue (Rs 70.91 crore) versus 62.93% in FY24, showing a rising international tilt
- Repeat-customer dependence in high-value work: 57.14% of FY26 high-value events (28 of 49) came from repeat clients, despite repeat-client count falling to 33.33% in FY26 from 66.67% in FY25
Revenue mix
The numbers at a glance
The price they’re asking →derived: cut-off price Rs118 / stated EPS Rs8.9 (FY2026 (year ended March 31, 2026) diluted EPS, restated, after giving effect to bonus issue dated March 5, 2026). Stated figures are as printed in the prospectus; margins, growth and the borrowing ratio are computed from its own summary table. A multiple is one lens, not a verdict.
The last few years in numbers
From the prospectus’s own summary financial table (restated standalone). Margins and growth are computed from the stated figures; everything else is as printed.
| Period | Revenue | Profit after tax | PAT margin | Net worth | Borrowings |
|---|---|---|---|---|---|
| FY2026 | ₹100 Cr+14% | ₹8 Cr+51% | 7.7% | ₹18 Cr | ₹9 Cr |
| FY2025 | ₹88 Cr+1% | ₹5 Cr+56% | 5.9% | ₹10 Cr | ₹4 Cr |
| FY2024 | ₹87 Cr | ₹3 Cr | 3.8% | ₹5 Cr | ₹2 Cr |
Where the money goes
The offer →Most of this issue is new shares — the money raised goes to the company, not to exiting shareholders.
How its cohort has done
185 SME issues listed in 2026 that we can price today. This is the group this issue belongs to.
Neither figure is a forecast for this issue — they describe what happened to comparable issues. Full cohort analytics →
What we hold for this issue
Stated up front on every issue, so a sparse page reads as a fact about the source rather than a broken one.
Led by Corporate Professionals Capital Private Limited — median +4.2% across the 3 of its issues we can price. All lead managers →
What happens when
Next: the UPI mandate expires on 16 Nov 2026.
What to watch
- Priced at 13.3× earnings — 20% below the median of the peers the issuer itself names.
- Its cohort's record: median −2.3% since issue price, 52.4% now below it — a base rate, not a forecast.
Each line restates a disclosure from the prospectus or the exchanges — nothing here is a recommendation to apply to this issue.
Track EVENTIONS LIMITED
Results, orders, board decisions and every other filing — summarised and sent to your WhatsApp the minute they are out.
Figures are as published by the exchanges and the issuer’s prospectus. MarketPing publishes facts, comparisons and history only — nothing here is a recommendation to apply to this issue, and we do not publish grey market premium.