IPO Analysis
Eventions IPO Analysis: GMP, Financials, Valuation & Risks
Eventions IPO is open on NSE SME with an issue size of ₹38.12 crore and an unofficial grey market premium of ₹0 as of 30 Sept 2026, 2:47 am IST.
· 5 min read
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Summary
Eventions IPO is open on the NSE SME platform. The price band is ₹112 to ₹118 per share, and the issue size is Approx 38.12 Crores.
The company has reported steady revenue growth and profits in the last three financial years, but operating cash flow has been negative in the latest two years. The unofficial grey market premium is ₹0 as of 30 Sept 2026, 2:47 am IST.
IPO snapshot
| Particulars | Details |
|---|---|
| Exchange | NSE SME |
| IPO type | SME |
| Issue type | Book build Issue |
| Price band | 112 to 118 Per Share |
| Face value | 10 Per Equity Share |
| Issue size | Approx 38.12 Crores |
| Fresh issue | Approx 38.12 Crores |
| Offer for sale | Not available |
Dates table
| Event | Date |
|---|---|
| Open | September 30, 2026 |
| Close | October 5, 2026 |
| Allotment | October 6, 2026 |
| Refunds | October 7, 2026 |
| Credit to demat | October 7, 2026 |
| Listing | October 8, 2026 |
Business
Eventions Limited shows steady revenue growth and healthy accounting profits. The business has executed 107 high-value events with individual billing above ₹50 lakh across FY24-FY26.
It has served more than 50 corporate clients across banking, insurance, FMCG and other sectors, and has expanded its international execution footprint across Europe, Middle East and Asia-Pacific.
The business profile also shows that the model is execution-led and asset-light, but cash conversion and working-capital needs matter. The IPO includes partial debt repayment plus working capital support.
Financials
Unit as published by the source; do not assume one if it is not stated.
| Period ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 87.29 | 82.86 | 3.29 | 29.00 |
| 2025 | 88.02 | 81.00 | 5.13 | 23.77 |
| 2026 | 100.62 | 90.40 | 7.72 | 50.63 |
The company has reported revenue growth and profit growth across the three periods shown. However, operating cash flow was negative in the latest two years, which is an important quality-of-earnings point to watch.
Valuation
| Metric | Value |
|---|---|
| ROE | 52.07% |
| ROCE | 48.76% |
| EBITDA margin | 10.22% |
| PAT margin | 7.67% |
| EPS | 8.90 (Basic) |
| P/E ratio | N/A |
| RONW | 55.16% |
| NAV | 20.92 |
The company has shown strong return ratios and positive margins. At the same time, the P/E ratio is marked as N/A in the available data, so any valuation view should be read together with the operating cash flow and working-capital picture.
GMP
The unofficial grey market premium (not an exchange figure) is ₹0 as of 30 Sept 2026, 2:47 am IST. The estimated listing price is 118, and the estimated listing percent is 0.
| Date | Unofficial GMP | Estimated listing percent |
|---|---|---|
| 2026-09-28 | 0 | 0 |
| 2026-09-29 | 0 | 0 |
| 2026-09-30 | 0 | 0 |
This is an unofficial indication only. It may not reflect actual listing performance.
Strengths
- Executed 107 high-value events with individual billing above ₹50 lakh across FY24-FY26.
- Served more than 50 corporate clients across banking, insurance, FMCG and other sectors.
- Expanded international execution footprint across Europe, Middle East and Asia-Pacific.
- Improved EBITDA margin from 4.77% in FY24 to 10.22% in FY26.
- Received industry recognition including MICE awards and partner appreciation.
Risks
- Revenue is highly concentrated among few customers; top 10 contributed 84.59% of FY26 revenue.
- Operating cash flow was negative in FY25 and FY26 despite reported profits, indicating earnings-to-cash conversion risk.
- Working capital strain is elevated, with trade receivables of INR 2,987.09 lakhs and unbilled revenue of INR 2,050.25 lakhs in FY26.
- Event management/MICE demand is volatile and execution depends on third-party vendors, venues, and timely client approvals.
- Compliance lapses exist, including delayed RoC filings and auditor observations on GST cancellation and ESI/PF non-compliance.
- Outstanding tax matters include TDS and GST demands/notices for the company and promoters.
- A consumer complaint seeks refund and compensation; an adverse order could require reimbursement and reputational impact.
Important dates
| Event | Date |
|---|---|
| Open | September 30, 2026 |
| Close | October 5, 2026 |
| Allotment | October 6, 2026 |
| Refunds | October 7, 2026 |
| Credit to demat | October 7, 2026 |
| Listing | October 8, 2026 |
Who may find this IPO relevant
This IPO may be relevant to readers tracking SME issues on NSE SME, or those looking at a company with reported profit growth, strong return ratios, and an asset-light event execution model.
It may also be relevant for readers who want to study a case where cash flow, customer concentration, and compliance risks are important parts of the decision.
The promoters of the company are Cristoo Arora, Ravi Rajak and Kirat Ahluwalia.
FAQs
What is the issue size of Eventions IPO?
The issue size is Approx 38.12 Crores.
What is the price band for Eventions IPO?
The price band is 112 to 118 Per Share.
What is the unofficial grey market premium for Eventions IPO?
The unofficial grey market premium is ₹0 as of 30 Sept 2026, 2:47 am IST.
What are the subscription numbers for Eventions IPO?
The latest subscription is 0.70 times as of 30 Sept 2026, 3:35 pm IST.
When is the listing date for Eventions IPO?
The listing date is October 8, 2026.