Eventions (O)
What they do: The company generates revenue primarily through service charges for event and conference management. It recognizes revenue based on the completion of services as per contractual terms.
By IPO Milega Research · Published
Eventions Limited shows a stable financial performance with consistent revenue growth and profitability.
- GMP (unofficial)
- +0%
- ₹0 a share
- Opens
- 30 Sept
- Closes 5 Oct
- Min. investment
- ₹2,83,200
- 2400 shares
GMP is an unofficial grey market indication.
- Price band
- ₹118
- Lot size
- 2400 shares
- Min. investment
- ₹2,83,200
- Issue size
- N/A
- Open30 Sept 2026
- Close5 Oct 2026
- Allotment6 Oct 2026
- Listing8 Oct 2026
Overview
₹118 (+0.00%)
GMP trend
Unofficial grey market quotes, times in IST
Outer ring: estimated gain
How the score adds up
The overall score is the average of these five, nudged by QIB demand once bidding closes.
- Financials7.0
- Performance7.0
- Flexibility8.0
- Timing7.0
- Risk4.0
The Grey Market Premium (GMP) for Eventions Limited is currently at 0.00%, indicating no expected premium on listing. This suggests that the market does not anticipate immediate gains upon listing, possibly due to the high customer concentration risk and reliance on a single revenue stream, despite the company's strong growth and adaptability.
Strengths3
- Surpassed INR 75 crores in revenue for FY 2024-25.
- Acquired a 70% stake in Gantu Online Private Limited.
- Executed 49 high-value events in FY 2026.
Concerns5
- High dependency on a single customer contributing 42.72% of revenue.
- Reliance on MICE services for 91.29% of revenue.
- Potential conflicts of interest within promoter group.
- Operational risks related to working capital requirements.
- Regulatory compliance challenges.
Who gets shares
- QIB50%
- NII15%
- Retail35%
- Retail Minimum2,83,2002 lots, 2400 shares
- Retail Maximum2,83,2002 lots, 2400 shares
- S-HNI Minimum4,24,8003 lots, 3600 shares
- S-HNI Maximum9,91,2007 lots, 8400 shares
- B-HNI Minimum11,32,8008 lots, 9600 shares
| Application | Lot size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2400 | 2,83,200 |
| Retail Maximum | 2 | 2400 | 2,83,200 |
| S-HNI Minimum | 3 | 3600 | 4,24,800 |
| S-HNI Maximum | 7 | 8400 | 9,91,200 |
| B-HNI Minimum | 8 | 9600 | 11,32,800 |
Timing
7.0/10The timing of the IPO appears favorable given the company's recent transition to a public limited entity, which can attract investor interest. The inclusion of anchor investors suggests confidence in the market environment. However, as an SME IPO, market conditions specific to smaller enterprises and investor sentiment towards such offerings will play a crucial role in its success.
- Time to market
- The company has strategically timed its IPO following its conversion to a public limited company, which is likely to enhance its appeal to investors. The use of anchor investors further suggests a well-considered approach to market entry, aiming to ensure a successful offering.
- How allotment works
- Basis of allotment finalized and shares credited to demat
- Market timing
- Favourable
- Time to market
- 8.0
- Listing on
- NSE SME
Key milestones
- 30 Sept 2026IPO Opens
- 5 Oct 2026IPO Closes
- 6 Oct 2026Basis of Allotment
- 7 Oct 2026Refunds Initiated
- 7 Oct 2026Credit to Demat Account
- 8 Oct 2026Listing Date
Financials
7.0/10- Revenue
- ₹101 Cr
- +14.3%
- Profit after tax
- ₹7.72 Cr
- +50.5%
- Net margin
- 7.7%
- +1.8 pts
- Assets
- ₹50.63 Cr
- +113.0%
- Return on equity
- 42.6
- Debt to equity
- 0.82
- Current ratio
- 1.56
- Revenue CAGR
- 7.5%
- ROCE
- 48.76%
- Return on net worth
- 55.16%
- NAV per share (₹)
- 20.92
Financial performance trend
Amount ₹ in croresEventions Limited shows a stable financial performance with consistent revenue growth and profitability. The company has a strong asset base and a manageable level of liabilities, indicating a solid financial position. However, the debt-to-equity ratio suggests a moderate reliance on debt financing.
Risk
4.0/10Read this score as a safety rating: 10/10 means the lowest risk, 1/10 the highest.
Where the risks sit
- Financial risks2
- Market risks1
- Operational risks2
- Regulatory risks2
High customer concentration and operational dependencies pose significant risks, despite no major legal issues.
How the company offsets these
Diversifying customer base and revenue streams can mitigate dependency risks.
Financial risks2
- High dependency on a single customer contributing 42.72% of revenue.
- Outstanding tax demands and GST issues.
Market risks1
- Reliance on MICE services for 91.29% of revenue.
Operational risks2
- Potential conflicts of interest within promoter group.
- Operational risks related to working capital requirements.
Regulatory risks2
- Regulatory compliance challenges.
- Consumer complaint with potential financial liability.
Performance
7.0/10Eventions Limited, established in 2020, operates in the MICE and event management sector. The company has shown consistent revenue growth, driven by its focus on high-value events and international engagements. However, it faces challenges from a fragmented market and reliance on a few key clients. The management team has a strong track record, and the company has made strategic acquisitions to enhance its service offerings.
- Historical growth
- consistent, high
- Market comparison
- Eventions Limited operates in a fragmented market with significant competition. It has a strong focus on high-value and international events, which differentiates it from some peers.
- Future potential
- The company is expected to continue its growth trajectory by focusing on high-margin international events and expanding its client base.
- Operational consistency
- The company has shown consistent revenue growth, but its reliance on a few key clients and the fragmented market pose risks to revenue stability.
- Experience
- The promoters, Mr. Cristoo Arora and Mr. Ravi Rajak, have significant experience in the industry.
- Track record
- The management has successfully grown the company and maintained a high equity stake, indicating confidence in the business.
Key achievements
- 01Surpassed INR 75 crores in revenue for FY 2024-25.
- 02Acquired a 70% stake in Gantu Online Private Limited.
- 03Executed 49 high-value events in FY 2026.
Flexibility
8.0/10The company has a strong presence in both domestic and international markets, executing events across Europe, the Middle East, and Asia-Pacific. Its ability to adapt to various client needs and locations is evidenced by its diverse client base and repeat engagements.
The company shows a healthy financial position with increasing revenue and profitability. However, the high concentration of revenue from a few clients poses a potential risk to financial stability.
Eventions Limited operates through an asset-light model, allowing it to scale operations efficiently without significant fixed costs. This model supports operational flexibility and the ability to manage large-scale, complex events.
Eventions Limited demonstrates strong flexibility and adaptability in the MICE and event management sector, leveraging an asset-light model and a diverse service portfolio to cater to a wide range of corporate clients across multiple geographies.
- Product diversification
- The company offers a wide range of services including MICE, corporate events, FIT services, and brand activations, catering to both B2B and B2C segments through its subsidiary Gantu Online Private Limited.
- Future adaptability
- The company plans to strengthen its core MICE business, expand its client base, and enhance its travel platform through Gantu, indicating strong potential for future adaptability.
The data on this page has been reviewed manually by the IPO Milega research team. It is not investment advice, and IPO Milega accepts no responsibility for losses arising from any investment decision. Investments in the securities market are subject to market risks. Read all the related documents, including the full prospectus, carefully before investing.