Eventions Limited IPO

Eventions Limited IPO closed on 5 Oct 2026. Allotment 6 Oct 2026, listing 8 Oct 2026. Price band ₹112–₹118, lot 1200 shares, GMP +₹0 (0%). Track allotment on Allotly.

About Eventions Limited

Eventions Limited is engaged in the Meetings, Incentives, Conferences and Exhibitions (MICE) and event management segment. The company provides event planning, coordination and execution services primarily to corporate and institutional clients. Its services include MICE programs such as meetings, conferences and incentive travel, corporate events including product launches and virtual events, free independent travel (FIT) services, and brand and marketing activations. The company coordinates venues, travel, accommodation, logistics and on-site execution based on individual project requirements. It works with hospitality providers, destination management companies, logistics partners and event production vendors. It also provides execution support to other event management companies for specific assignments. Eventions undertakes projects across India and international locations…

Strengths

• Eventions provides services across MICE, corporate events and brand activations. Its service model covers event conceptualisation, travel coordination, venue management, hospitality arrangements, logistics planning and on-site execution under a single engagement.
• The company undertakes event planning, venue identification, travel and accommodation arrangements, logistics, vendor coordination and on-site event management. Its assignments include corporate meetings, incentive travel programs, conferences, exhibitions, product launches and promotional campaigns.
• Eventions claims to follow an asset-light business model and executes assignments through hospitality partners, destination management companies, event production vendors and logistics service providers. This allows it to undertake projects across different locations without maintaining significant fixed infrastructure or owning event production assets.
• The company has seen an increase in the number of high-value events executed. It executed 27, 31 and 49 events with a contract value of Rs 0.50 crore or more in FY24, FY25 and FY26, respectively. Of these, 11, 16 and 23 events were international, while 16, 15 and 26 events were domestic, respectively, indicating an increase in both overall high-value assignments and international event executions.
• Eventions receives a portion of its business from repeat corporate clients. The number of events with a contract value of Rs 0.50 crore or more from repeat clients stood at 23, 12 and 28 in FY24, FY25 and FY26, respectively, representing 85.19%, 38.71% and 57.14% of such events, respectively.
• The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 86.57 crore in FY24 to Rs 87.53 crore in FY25 to Rs 99.74 crore in FY26, while PAT increased from Rs 3.29 crore to Rs 5.12 crore to Rs 7.72 crore, respectively.

Risks

• Eventions derives a significant portion of its revenue from a limited number of customers. Its top customer accounted for 63.21%, 54.82% and 42.72% of revenue from operations in FY24, FY25 and FY26, respectively, while its top 10 customers accounted for 92.59%, 96.67% and 84.59%, respectively. Since customer engagements are generally project-based and do not involve long-term commitments, loss or reduction of business from major customers may affect the company’s revenue, profitability and order flow.
• The company’s recent improvement in profitability may not be sustainable. PAT stood at Rs 3.29 crore, Rs 5.12 crore and Rs 7.72 crore in FY24, FY25 and FY26, respectively, while PAT margin stood at 3.77%, 5.82% and 7.67%, respectively. The improvement was partly driven by a favourable event mix, including higher-value and international events; therefore, a change in event mix or reduction in premium assignments may affect its profitability.
• Eventions is significantly dependent on its MICE segment. Revenue from MICE services stood at Rs 75.65 crore, Rs 80.32 crore and Rs 91.05 crore in FY24, FY25 and FY26, respectively, accounting for 87.39%, 91.77% and 91.29% of total revenue, respectively. Therefore, any reduction in demand for MICE services may adversely affect the company’s revenue, profitability and overall financial performance.
• The company recorded negative cash flows from operating activities of Rs 2.89 crore and Rs 4.52 crore in FY25 and FY26, respectively. It also recorded negative cash flows from investing activities of Rs 1.73 crore and Rs 0.84 crore in FY24 and FY25, respectively. The negative operating cash flows were primarily due to its working capital-intensive operations and delays in the timely realisation of receivables, as the company incurs upfront project expenses while collections from clients are realised over a longer cycle. Sustained negative operating cash flows may affect the company’s liquidity and its ability to meet operational and funding requirements.
• The company, its subsidiaries, promoters, and directors are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
• Eventions has seen an increase in unbilled revenue. Revenue recognised but not yet billed stood at Rs 4.62 crore, Rs 7.94 crore and Rs 20.50 crore in FY24, FY25 and FY26, respectively, representing 5.33%, 9.07% and 20.55% of revenue from operations, respectively. Delays in achieving billing milestones, obtaining client confirmations or collecting these amounts may affect the company’s liquidity, working capital and cash flows.
• The company has experienced delays in statutory compliances. There were 75, 54 and 37 instances of delayed payments relating to EPF, ESIC and TDS in FY24, FY25 and FY26, involving Rs 0.13 crore, Rs 0.43 crore and Rs 0.21 crore, respectively. The company has also incurred aggregate interest and late fees of Rs 1.19 crore due to delays in filing GST returns, and similar delays in the future may result in penalties or regulatory action.
• A significant portion of the company’s revenue is concentrated in Haryana. Haryana accounted for Rs 53.49 crore (61.80%), Rs 60.33 crore (68.93%) and Rs 70.96 crore (71.15%) of revenue from operations in FY24, FY25 and FY26, respectively. This exposes the company to risks arising from adverse business, regulatory or economic developments in the region.
• Eventions depends on third-party vendors for executing its events. Its top 10 suppliers accounted for 49.59%, 52.41% and 44.51% of total event management expenses in FY24, FY25 and FY26, respectively. Since the company does not own significant event infrastructure, disruption in vendor availability, performance or pricing may lead to higher costs, execution delays or difficulty in delivering events on time.

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