Eventions

Book Building issueSMENSE₹38.12 Cr issue
-5.93%
Listing gain over issue price
Price band
₹112 – ₹118
Issue size
₹38.12 Cr
1 lot at cut-off
₹1,41,600
Lot size
1,200shares
Open
30 Sep 2026
Close
05 Oct 2026
Allotment
06 Oct 2026
Listing
08 Oct 2026

Listing performance

Issue price
—
Listed at
₹111
Listing-day close
—
Latest price
—
Listing gain
-5.93%

Scheduled dates

Tentative timetable — a past date is not confirmation the step completed

  1. Open
    30 Sep 2026
  2. Close
    05 Oct 2026
  3. Allotment
    06 Oct 2026
  4. Refund
    07 Oct 2026
  5. Demat credit
    07 Oct 2026
  6. Listing
    08 Oct 2026

Subscription

2.39×
Overall
Qualified institutionalQIB
26.18×
Big non-institutionalbNII · above ₹10 lakh
0.50×
Small non-institutionalsNII · ₹2–10 lakh
0.69×
Retail individualRII · up to ₹2 lakh
1.25×

Grey market premium

Unofficial and indicative — not a forecast

₹0
12 Oct, 12:20 pm
28 Sep 2026 Range ₹0 – ₹0 over 11 days 08 Oct 2026
Day-wise premium · 11 observations
DateGMP%SaudaEst. listingGain / lot
08 Oct 2026₹0—₹0₹118₹0
07 Oct 2026₹0—₹0₹118₹0
06 Oct 2026₹0—₹0₹118₹0
05 Oct 2026₹0—₹0₹118₹0
04 Oct 2026₹0—₹0₹118₹0
03 Oct 2026₹0—₹0₹118₹0
02 Oct 2026₹0—₹0₹118₹0
01 Oct 2026₹0—₹0₹118₹0
30 Sep 2026₹0—₹0₹118₹0
29 Sep 2026₹0—₹0₹118₹0
28 Sep 2026₹0—₹0₹118₹0

Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.

Bids received

The demand behind each multiple — what was offered, what was bid for, and what those bids are worth

CategoryShares offeredShares bid forBids (₹ Cr)Times
Qualified institutional1,62,00042,40,800₹50.04 Cr26.18×
Non-institutional10,51,2005,43,600₹6.41 Cr0.52×
Big non-institutionalwithin NII7,00,8002,20,800₹2.61 Cr0.32×
Small non-institutionalwithin NII3,50,4003,22,800₹3.81 Cr0.92×
Retail individual18,55,20025,58,400₹30.19 Cr1.38×
Total30,68,40073,26,000₹86.45 Cr2.39×

Times subscribed is the figure published for each category, not shares bid for divided by shares offered — a category's multiple is struck against its own allottable base, which is not always the offered count shown beside it. Observed 05 Oct, 05:11 pm IST; the registrar publishes the final basis of allotment.

Issue details

IPO date
30 Sep 2026 – 05 Oct 2026
Listing date
08 Oct 2026
Face value
₹10 per share
Price band
₹112 – ₹118
Lot size
1,200 shares
Sale type
Fresh capital
Issue type
Book Building issue
Listing at
NSE
Total issue size
₹38.12 Cr
Fresh issue
₹36.21 Cr 30,68,400 shares
Offer for sale
₹0 Cr 0 shares
Market cap at offer price
₹144 Cr
Promoter holding
99.96% → 73.46% pre-issue → post-issue
ISIN
INE20M201019
CIN
U92190HR2020PLC091592
Registrar
Mudra RTA Ventures Private Limited
Lead managers
Corporate Professionals Capital Pvt.Ltd.
Registered office
Plot No. 108, Sector 44, Institutional, Gurgaon Sector 45, Haryana, India, 122003

Reservation and application size

How the issue is split between investor categories, and what each may bid

Investor categoryShares% of net% of total
QIB 1,62,0005.28%5.01%
Anchor investor · within QIB0—0.00%
NII (HNI) 10,51,20034.26%32.54%
bNII > ₹10L · within NII7,02,000—21.73%
sNII < ₹10L · within NII3,49,200—10.81%
Retail (RII) 18,55,20060.46%57.43%
Employee 0—0.00%
Market maker 1,62,000—5.01%
Total issue32,30,400—100.00%

Net offer to the public of 30,68,400 shares, out of a total issue of 32,30,400. Indented rows sit inside the category above them and are not added to it.

Application size

Minimum 1,200 shares per lot, in multiples, at ₹118

ApplicationLotsSharesAmount
Retail (min)11,200₹1,41,600
S-HNI (min)22,400₹2,83,200
S-HNI (max)78,400₹9,91,200
B-HNI (min)89,600₹11,32,800

Category limits

CategoryBid sizeCut-off
Retail (RII)Up to ₹2 lakhYes
Small HNI (sNII)₹2 lakh – ₹10 lakhNo
Big HNI (bNII)Above ₹10 lakhNo
EmployeeUp to ₹5 lakhYes

Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.

Anchor investors

Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.

Shares allocated
0
0.00% of the total issue
Anchor portion
₹0 Cr
at ₹118 per share
Share of QIB portion
0.00%
of 1,62,000 QIB shares

Valuation and performance

Valuation at offer price

₹118 per share

MetricPre-issuePost-issue
EPS (₹)8.626.34
P/E (×)13.6918.61
Price to book (×)5.64—
Market cap—₹144 Cr

Key performance indicators

Latest reported period, standalone

Return on net worth
55.16%
ROCE
56.00%
Debt / equity
0.52
PAT margin
7.67%
EBITDA margin
10.22%
NAV per share
₹20.92
Price to book
5.64

Single period as reported. Year-on-year movement is in the financials table below, where every period is published.

Company financials

Standalone ·₹ crore unless a row shows % or ×, as reported in the offer document

FY26 income +14.3% · PAT +50.5%
Total income
₹101 Cr
FY26
Profit after tax
₹7.72 Cr
7.67% margin
Total assets
₹50.63 Cr
FY26
Net worth
₹18.13 Cr
42.58% ROE
Period endedFY26FY25FY24
Profit and loss
Total income100.6288.0287.29
Revenue from operations99.7487.5386.57
Other income0.880.490.72
Total expenses90.48182.86
Operating profit10.227.024.43
Operating margin10.16%7.98%5.08%
Profit before tax10.227.024.42
Profit after tax7.725.133.29
PAT margin7.67%5.83%3.77%
Balance sheet
Total assets50.6323.7729
Current assets48.521.2227.11
Current liabilities3113.121.56
Total liabilities32.513.9224.27
Net worth18.139.864.73
Current ratio1.56×1.62×1.26×
Return on equity42.58%52.03%69.56%
Cash flow
Operating cash flow-4.52-2.890.29
Investing cash flow0.36-0.84-1.73
Financing cash flow5.691.181.08
Net cash flow1.53-2.56-0.36

Objects of the issue

Stated use of the net proceeds— open a row for the issuer's full explanation

₹27.20 Cr quantified
  1. 1 Repayment and/or Pre-payment of Borrowings ₹7 Cr

    The company proposes to utilize a portion of the Net Proceeds towards full or partial repayment or pre-payment of certain borrowings availed from lenders, including term loans and working capital facilities, to reduce outstanding indebtedness, lower interest outgo, and improve the debt-equity ratio.

  2. 2 Investment in Subsidiary ₹1.40 Cr

    The company intends to invest a portion of the Net Proceeds in its subsidiary, Gantu Online Private Limited, in the form of debt, to support the development, enhancement, and scaling of its technology-driven travel and experiential platform, including backend/frontend engineering, mobile app development, AI tooling, and third-party integrations.

  3. 3 To Meet Working Capital Requirements ₹18.80 Cr

    The company proposes to utilize a portion of the Net Proceeds to fund incremental working capital requirements arising from anticipated growth in scale of operations, larger event assignments, and advance payments to vendors and service providers, with the balance to be met through internal accruals and existing facilities.

  4. 4 General Corporate Purposes —

    The company's management intends to deploy a portion of the Net Proceeds towards general corporate purposes, including acquisition/hiring of land/property, strategic alliances, capital expenditure, funding growth opportunities, working capital, and other business exigencies, subject to a cap of 15% of Gross Proceeds or INR 10 Crore, whichever is lower.

1 of 4 objects carry no stated amount — typically general corporate purposes, funded from whatever remains — so the total above is the quantified portion only, not the whole issue.

About Eventions

Eventions Limited, incorporated on December 15, 2020 and converted to a public limited company on February 26, 2026, is an event management firm providing services including corporate events, MICE programs, conferences, exhibitions, brand activations and Free Independent Traveller (FIT) services. The company derives approximately 91.29% of its revenue from MICE services, with the remaining coming from corporate events and other services. For FY 2026, the company generated total revenue from operations of INR 9,973.96 lakhs with PAT margins of 7.67%. The company is headquartered in Haryana and operates across multiple Indian states. As of March 31, 2026, the company has a subsidiary, Gantu Online Private Limited, which operates a travel booking platform engaged in providing FIT services including itinerary planning and travel bookings.

www.eventions.in ↗

Management

  • Mr. Cristoo Arora

    CFO

  • Mr. Ravi Rajak

    CEO

Strengths

As stated in the offer document

  • Integrated Service Model for MICE and Corporate Events

    The company operates across MICE, corporate events, and brand activation segments, enabling coordination of event conceptualization, travel, venue management, and on-site execution within a single engagement framework. Over FY2024–2026, the company executed 200+ events, of which 107 had a ticket size of INR 50 lakhs and above.

  • End-to-End Event Management Capabilities

    The company provides services across the full event lifecycle — from planning and venue identification to logistics, vendor coordination, and on-site management — reducing clients' need to engage multiple service providers. Assignments include corporate meetings, incentive travel, conferences, exhibitions, product launches, and promotional campaigns.

  • Asset-Light Business Model

    The company follows an asset-light operating structure, executing assignments through a network of hospitality partners, destination management companies, event production vendors, and logistics providers without maintaining significant fixed infrastructure. This model enables scalable operations and flexible execution across multiple geographies and event formats.

  • Event Execution Capabilities Across Multiple Geographies

    The company executes corporate event and MICE assignments across domestic and international destinations; in FY2026, 49 high-value events (INR 50 lakh+) were executed — 26 domestic and 23 international — supported by a strong partner ecosystem and operational coordination teams.

  • Established Corporate Client Relationships and Repeat Engagements

    The company maintains strong repeat client engagement; in FY2025 and FY2024, repeat clients accounted for 66.67% and 62.50% of total clients served respectively, with 38.71% and 85.19% of high-value events executed for repeat clients in the same periods.

  • Experienced Promoter and Management Team

    The company is led by promoters with approximately 20 years of collective experience in the MICE and event management industry, involved in client engagement, vendor coordination, and operational oversight since the company's incorporation. The management team further supports planning, coordination, and monitoring of event operations.

Risk factors

As stated in the offer document

  • High Customer Concentration Risk

    The company derives a significant portion of its revenue from a limited number of customers, with the top 1 customer contributing 42.72% and top 10 customers accounting for 84.59% of total revenue from operations as of March 31, 2026. Engagements are project-based with no long-term contractual commitments, making revenue highly vulnerable to loss or reduction of key client relationships.

  • Sustainability of PAT Margin Growth

    The company's PAT increased from INR 328.65 lakhs in FY2024 to INR 772.01 lakhs in FY2026, with PAT margin rising from 3.77% to 7.67%, driven by a favourable shift toward premium and international events. There is no assurance that this event mix or profitability level will be sustained, especially given continued dependence on a limited number of customers.

  • Heavy Dependence on MICE Segment

    Approximately 91.29% of the company's total revenue in FY2026 was derived from MICE services, creating significant concentration risk in a single service segment. Any reduction in corporate travel budgets, marketing spend, or demand for MICE programs could materially impact revenues and profitability.

  • Significant Working Capital Requirements and Negative Cash Flows

    The company's working capital requirements grew to INR 2,399.46 lakhs in FY2026, and it reported negative operating cash flows of INR 451.75 lakhs in FY2026 and INR 289.38 lakhs in FY2024. Delays in receivable collection, high unbilled revenue (20.55% of revenue in FY2026), and upfront vendor commitments create persistent liquidity pressure.

  • Rising Attrition and Dependence on Key Personnel

    The company's employee attrition rate has increased sharply from 20.69% in FY2024 to 48.57% in FY2026, posing a significant risk to operational continuity and service quality. The business is heavily dependent on the experience and client relationships of its promoters and key managerial personnel in a relationship-driven industry.

  • Regulatory Non-Compliance and Statutory Filing Delays

    The company has a history of multiple delayed filings with the Registrar of Companies (19 instances) and delays in payment of statutory dues including EPF, ESIC, TDS, and GST across FY2024–FY2026, with total delayed statutory payments of INR 76.69 lakhs and GST interest/late fees of INR 119.24 lakhs. Such non-compliances expose the company to penalties, regulatory actions, and reputational damage.

  • Third-Party Vendor Dependency and Supplier Concentration

    The company relies extensively on third-party vendors for event execution and does not own significant event infrastructure, with the top 10 suppliers accounting for 44.51% of total event management expenses in FY2026. Any disruption in vendor availability, pricing escalation, or service failure could directly impair event delivery, client satisfaction, and financial performance.

  • Investment in Early-Stage Subsidiary with Limited Operating History

    The company intends to deploy approximately INR 140.00 lakhs of IPO proceeds into its subsidiary Gantu Online Private Limited, which reported a loss of INR 74.65 lakhs in FY2026 and operates in the highly competitive travel services industry with limited experience. No binding agreements for technology deployment have been finalized, increasing the risk of delayed or suboptimal utilization of funds.

Company Analysis

from RHP

Eventions Limited is an event management and MICE (Meetings, Incentives, Conferences, Exhibitions) services company that also operates a travel booking platform through its subsidiary.

Eventions Limited, incorporated on December 15, 2020 and converted to a public limited company on February 26, 2026, is an event management firm providing services including corporate events, MICE programs, conferences, exhibitions, brand activations and Free Independent Traveller (FIT) services. The company derives approximately 91.29% of its revenue from MICE services, with the remaining coming from corporate events and other services. For FY 2026, the company generated total revenue from operations of INR 9,973.96 lakhs with PAT margins of 7.67%. The company is headquartered in Haryana and operates across multiple Indian states. As of March 31, 2026, the company has a subsidiary, Gantu Online Private Limited, which operates a travel booking platform engaged in providing FIT services including itinerary planning and travel bookings.

Event ManagementMICE (Meetings, Incentives, Conferences, Exhibitions)Corporate Events and Brand ActivationsTravel and Tourism Services

Objects of the Issue

  • Investment in subsidiary Gantu Online Private Limited
    140.00 lakhs p.28
  • Working capital requirements
    p.30
  • General corporate purposes
    p.28
  • Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company
    ₹700.00 lakhs p.91
  • Investment in Subsidiary
    ₹140.00 lakhs p.95
  • To meet working capital requirements
    ₹1,880.00 lakhs p.98
  • General Corporate Purposes
    [●] p.101
  • Expansion of Gantu Travel Platform and FIT segment
    p.142

Issue Structure

Total Issue
Up to 32,30,400 Equity Shares of face value of INR 10 each aggregating up to INR [●] Lakhs
Fresh Issue
Up to 32,30,400 Equity Shares of face value of INR 10 each
Offer for Sale
Nil
Lot Size
[●]
Face Value
INR 10

Business Model

The company generates revenue through event management and MICE services on a project-based model, typically through purchase orders and work orders from corporate clients. The company does not own significant event infrastructure and relies on third-party vendors for venue, logistics, and event execution. Revenue is recognized based on stage of completion of assignments. The company also has a subsidiary providing travel booking and FIT services, which generated INR 313.68 lakhs in revenue for FY 2026.

Business Segments

Meetings, Incentives, Conferences and Exhibitions services
Corporate events and brand activations
Free Independent Traveller services and other services
Conceptualization, planning, coordination and execution of corporate events, conferences, exhibitions, brand activations and experiential marketing assignments for corporate and institutional clients
B2C FIT (Free Independent Traveller) segment operator offering customised travel experiences, including curated itineraries, experiential tourism and leisure travel solutions
Includes corporate meetings, board meetings, training sessions, incentive travel programs, conferences, seminars, conventions, summits, congresses and exhibitions involving venue management, travel and accommodation arrangements, logistics, on-site coordination and ancillary services.
Supports businesses in organizing events for internal engagement, brand promotion or stakeholder interaction including product launches, corporate gatherings, dealer or distributor meets, award ceremonies, promotional events and roadshows. Involves concept planning, preparation of event schedules, coordination with venues and vendors, and logistics management.
Customized travel planning solutions for individual travellers and small groups tailored to specific preferences, budgets and travel requirements. Includes design of personalized itineraries, booking of transportation and accommodation, coordination of local travel arrangements and facilitation of ancillary travel-related services. Primarily undertaken through subsidiary Gantu Online Private Limited.
Promotional activities designed to enable brands to interact directly with their target audience including on-ground promotional campaigns, experiential marketing initiatives, retail or in-store promotions and roadshows. Services involve planning of promotional activities, coordination with vendors and partners, deployment of promotional teams and management of on-ground execution.
Planning, coordination and execution of corporate events, conferences, incentive travel programs and related activities
Meetings, Incentives, Conferences and Exhibitions including meetings, conferences and incentive travel programs
Product launches, conferences, corporate gatherings including Virtual events conducted through digital platforms
Free Independent Travel comprising customised travel arrangements
Promotional and on-ground marketing activities

SWOT Analysis

Strengths
  • • Established long-standing relationships with corporate clients providing repeat engagement base(p.27)
  • • Significant improvement in profitability with PAT margins increasing from 3.77% (FY2024) to 7.67% (FY2026)(p.27)
  • • Growing execution of premium and higher-ticket-size events with improved margin profiles(p.28)
  • • Integrated service offerings across both MICE and corporate events segments with in-house capabilities(p.43)
  • • Proven track record executing corporate events and conferences(p.107)
  • • Experienced promoters with industry expertise(p.107)
  • • Asset-light, scalable operating model(p.107)
  • • Capability to execute large-format events(p.107)
  • • Strong EBITDA margin growth from 4.77% to 10.22% over 3 years(p.109)
  • • Integrated service model across MICE and corporate events(p.139)
  • • End-to-end event management capabilities(p.140)
  • • Asset-light business model enabling scalability(p.140)
  • • Execution capabilities across multiple geographies(p.140)
  • • Strong repeat client relationships(p.140)
  • • Experienced promoter and management team with ~20 years combined MICE experience(p.141)
  • • Growing industry recognition and awards(p.132)
  • • High-value event execution track record(p.131)
  • • Experienced management with 15+ years in MICE industry(p.175)
  • • Strong revenue growth trajectory(p.200)
  • • Improved profitability and net profit margin expansion(p.200)
  • • Established subsidiary acquisition demonstrating growth strategy(p.208)
  • • Strong revenue growth and profitability trajectory(p.254)
  • • Asset-light execution model provides operational flexibility(p.249)
  • • Improved margin profile from higher-value international events(p.256)
  • • Growing contribution from higher-ticket size projects(p.254)
  • • Strong return on equity and profitability metrics(p.251)
Weaknesses
  • • Extreme concentration of revenue among limited number of customers with top customer contributing 42.72% of revenue(p.26)
  • • Heavy reliance on project-based engagements without long-term contractual commitments(p.27)
  • • Significant working capital requirements with trade receivables increasing substantially to INR 2,987.09 lakhs (March 2026)(p.30)
  • • Negative operating cash flows of INR (451.75) lakhs in FY2026 indicating liquidity stress(p.34)
  • • Limited operating history and early-stage operations of subsidiary Gantu Online with losses of INR 74.65 lakhs in FY2026(p.49)
  • • History of statutory compliance failures including delayed filings and non-compliance with EPF/ESI provisions(p.31)
  • • High employee attrition rate of 48.57% in FY2026, indicating difficulty in talent retention(p.48)
  • • Potential conflict of interest with promoter group entity Eventions engaged in similar business(p.28)
  • • Trademark ownership vesting with promoter with assignment pending registration(p.39)
  • • High concentration of vendor expenses with top 10 suppliers accounting for 44.51% of event management expenses(p.40)
  • • High dependence on promoter guarantees for debt facilities(p.49)
  • • Significant unsecured loans repayable on demand(p.49)
  • • Majority of directors lack prior listed-company experience(p.51)
  • • High debt-to-equity ratio at 52.07%(p.109)
  • • High interest rate burden on loans (16-18.5%)(p.93)
  • • No credit rating obtained(p.50)
  • • High customer concentration risk(p.143)
  • • Declining revenue per event trend(p.134)
  • • Small employee base limiting scalability(p.146)
  • • Low EBITDA margins despite revenue growth(p.133)
  • • Increasing debt levels(p.133)
  • • Limited institutional infrastructure and brand recognition(p.125)
  • • High debt dependence and increasing borrowings(p.224)
  • • Significant reliance on directors for loans(p.210)
  • • High short-term borrowings relative to total debt(p.210)
  • • Substantial increase in provisions and liabilities during restatement(p.218)
  • • Prior audit qualifications on statutory compliance(p.206)
  • • High dependence on few customers(p.266)
  • • Significant increase in debt and finance costs(p.252)
  • • Negative operating cash flow despite profitability(p.263)
  • • High proportion of unbilled revenue and trade receivables(p.264)
  • • Debt-to-equity ratio increased significantly(p.251)
  • • Outstanding tax matters including GST and TDS defaults(p.270)
  • • Pending consumer dispute litigation(p.268)
Opportunities
  • • Expansion into new service lines and geographies beyond Haryana's 71.15% concentration(p.29)
  • • Growth in premium and international event segment with long-haul events increasing from 9 to 17 events(p.28)
  • • Development and integration of digital and hybrid event solutions to meet evolving client preferences(p.46)
  • • Investment in subsidiary Gantu Online's travel booking platform for FIT services expansion(p.29)
  • • Leveraging Issue proceeds for business expansion and operational infrastructure strengthening(p.45)
  • • Expansion into B2C travel segment through subsidiary Gantu Online(p.95)
  • • Technology infrastructure investment to strengthen digital platform(p.96)
  • • Capacity to undertake larger and higher-value event assignments(p.99)
  • • Cross-selling opportunities between event management and travel services(p.95)
  • • India's rapid growth in MICE industry with government support(p.123)
  • • Government initiatives to position India as global MICE destination(p.122)
  • • National Strategy targeting India's MICE market share expansion(p.122)
  • • Expansion of Asia-Pacific as preferred MICE destination(p.122)
  • • Growing demand for professional event management services(p.122)
  • • Rising consumer affluence and disposable incomes driving event spending(p.123)
  • • Technology-enabled hybrid event models creating new opportunities(p.123)
  • • Expansion opportunity in subsidiary Gantu's B2C travel segment(p.142)
  • • Strategic acquisition of subsidiary to expand service offerings(p.237)
  • • Expansion of MICE and event management services portfolio(p.203)
  • • Leverage IPO capital for debt reduction and growth(p.195)
  • • Expansion of international and long-haul event portfolio(p.256)
  • • Growth in higher-value event segment(p.256)
  • • Leveraging improved procurement and vendor relationships(p.257)
  • • Potential for scale-up in repeat engagements from existing clients(p.249)
Threats
  • • Dependence on domestic corporate clients whose spending is sensitive to macroeconomic downturns and cost rationalization(p.44)
  • • Risk of event cancellations, postponements or scaling down by clients due to budget constraints or external disruptions(p.45)
  • • Exposure to macroeconomic volatility, geopolitical conflicts, and travel restrictions impacting corporate event demand(p.44)
  • • Intense competition from organized and unorganized players with greater financial resources and wider geographic presence(p.43)
  • • Rising client expectations and aggressive pricing pressures affecting operating margins and working capital efficiency(p.43)
  • • Disruption risks from third-party vendors, logistics providers and service partners affecting event execution(p.40)
  • • Dependence on information technology systems vulnerable to cyber-attacks, data breaches and system failures(p.40)
  • • Regulatory and compliance risks including licensing, permit renewals and evolving statutory requirements(p.36)
  • • Risk of operational disruptions, safety incidents and reputational harm from on-ground event execution(p.41)
  • • Logistical and operational challenges in multi-location execution across domestic and international venues(p.45)
  • • Foreign exchange fluctuation exposure from international event arrangements and overseas vendor payments(p.49)
  • • Slowdown in Indian or global economic growth(p.53)
  • • Changes in government policies affecting business environment(p.54)
  • • Global economic instability and geopolitical tensions(p.54)
  • • Changes in applicable laws and regulations(p.54)
  • • No public trading history creates illiquidity risk(p.52)
  • • Regulatory constraints on foreign capital raising(p.52)
  • • Intense competition from organized and unorganized players(p.144)
  • • Risk of new entrants and technology-enabled competitors(p.145)
  • • Regional competition from established MICE destinations(p.125)
  • • High tax structure impacting competitiveness(p.125)
  • • Lack of standardization of processes and services in Indian MICE industry(p.125)
  • • Global trade policy uncertainty affecting international event demand(p.119)
  • • Conflict of interest from promoter group entity in similar business(p.171)
  • • Interest rate exposure on bank overdraft facilities(p.210)
  • • Foreign exchange fluctuation risk on international event services(p.219)
  • • Regulatory and statutory compliance risks(p.206)
  • • Customer concentration risk in event management business(p.214)
  • • Significant exposure to working capital financing requirements(p.252)
  • • Exposure to economic and fiscal policy changes(p.250)
  • • Foreign exchange volatility exposure(p.255)
  • • Competitive pressure in MICE and event management sector(p.266)
  • • Risk factors related to industry volatility and economic cycles(p.250)

Promoters

NameRolePre-IssuePost-Issue
Mr. Cristoo AroraPromoter——
Mr. Ravi RajakPromoter——
Mrs. Kirat AhluwaliaPromoter——
Mr. Cristoo AroraPromoter48.95%[●]
Mr. Ravi RajakPromoter50.04%[●]
Mrs. Kirat AhluwaliaPromoter0.41%[●]
Mrs. Malti VermaPromoter Group0.49%[●]
Ms. Vincy AroraPromoter Group0.08%[●]
Mr. Cristoo AroraPromoter48.95%—
Mr. Ravi RajakPromoter50.04%—
Mrs. Kirat AhluwaliaPromoter0.41%—
Mr. Cristoo AroraPromoter/Director-Promoter48.95%—
Mr. Ravi RajakPromoter/Director-Promoter50.04%—
Mrs. Kirat AhluwaliaPromoter0.41%—
Cristoo AroraPromoter/Promoter Group——
Ravi RajakPromoter/Promoter Group——

Leadership

Mr. Cristoo Arora · Chief Financial Officer and Promoter
Mr. Ravi Rajak · Chief Executive Officer and Promoter
Ms. Misha Dhawan · Company Secretary and Compliance Officer

Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.

Peer comparison

The comparable listed companies named in the offer document, as on 31 Mar 2025

CompanyEPSNAVP/EP/BVRoNW
Eventions Ltd. THIS ISSUE
8.9020.9218.61, computed at the offer price5.64, computed at the offer price55.16%
7.1658.4722.442.7612.99%
15.0369.4110.982.3924.25%

Blank cells are figures the offer document does not publish. This issue is unlisted, so it has no market price and the document publishes no multiple for it — its P/E and P/BV here are computed at the offer price, on the post-issue share count, and are comparable to a listed peer's.

Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey Market Premium is unofficial, indicative data from unregulated grey-market dealers — it is not published by NSE, BSE, SEBI or the issuer, and is not a forecast of the listing price. Nothing here is investment advice or a recommendation; read the offer document and consult a SEBI-registered adviser before applying.