Eventions

Eventions was founded in December 2020 to capture rising corporate spending on experiential marketing, conferences, and structured business travel. Over the years, the company has scaled rapidly by establishing robust operational frameworks, enabling it to manage high-value corporate mandates. Its incorporation journey reflects swift adaptation to post-pandemic corporate dynamics, where businesses increasingly outsourced experiential and engagement events to professional specialists.

The core business model centers on delivering end-to-end MICE services, corporate events, incentive travel programs, virtual events, Free Independent Travel (FIT) solutions, and comprehensive brand activations. Eventions acts as an orchestrator rather than owning physical assets, collaborating seamlessly with destination management companies, luxury hospitality chains, logistics operators, and technical production vendors.

The company caters to a prestigious roster of institutional and corporate clients across multiple industry verticals. Its service delivery spans numerous international destinations across Europe, the Middle East, and Asia-Pacific, including regions such as Spain, France, the UAE, Singapore, and Indonesia. High customer stickiness is driven by customized planning, flawless execution, and strong relationship management.

Operating on an asset-light framework, Eventions maintains high operational efficiency while scaling revenues without heavy capital expenditure on real estate or machinery. Execution capabilities are anchored by seasoned project management teams, digital coordination tools, and a reliable vendor network that guarantees service quality across diverse geographical locations.

Promoted by seasoned entrepreneurs Cristoo Arora, Ravi Rajak, and Kirat Ahluwalia, the leadership team brings extensive domain expertise in corporate hospitality and event logistics. Strategic expansion initiatives focus on expanding geographical reach, deepening corporate client relationships, and leveraging favorable tailwinds in the Indian corporate travel and MICE ecosystem.

Eventions is launching its initial public offering via the book-building route on the NSE SME platform, aiming to mobilize approximately Rs. 38.12 crores through a completely fresh issue of equity shares with a face value of Rs. 10 each. The price band has been fixed at Rs. 112 to Rs. 118 per equity share, with a minimum market lot requirement of 2,400 shares, translating to an application amount of Rs. 2,83,200 for retail investors. The IPO timeline spans from the opening date of September 30, 2026, to the closing date of October 5, 2026, with share allotment finalizing on October 6 and listing scheduled for October 8, 2026.

The net proceeds raised from the fresh issue will be strategically deployed toward core corporate requirements, including meeting working capital demands of Rs. 18.80 crores, prepaying or repaying specific borrowings amounting to Rs. 7.00 crores, and investing Rs. 1.40 crores in its subsidiary. This deployment plan directly targets balance sheet optimization and strengthens the liquidity buffer required to manage large-scale corporate event advances.

Financially, the company has demonstrated robust top-line and bottom-line expansion over the last three fiscal years. Revenue from operations increased from Rs. 87.29 crores in FY24 to Rs. 88.02 crores in FY25, and further accelerated to Rs. 100.62 crores in FY26. Concurrently, Profit After Tax (PAT) showed a positive trajectory, moving from Rs. 3.29 crores in FY24 to Rs. 5.13 crores in FY25, and reaching Rs. 7.72 crores in FY26, highlighting improving operational leverage and expense management.

From a valuation standpoint, the company commands strong return metrics for FY2026, reporting a Return on Net Worth (RoNW) of 55.16%, a Return on Equity (ROE) of 52.07%, and a Return on Capital Employed (ROCE) of 48.76%. The basic Earnings Per Share (EPS) stands at Rs. 8.90, with a Net Asset Value (NAV) per share of Rs. 20.92. When benchmarked against SME peers like Mach Conferences & Events Limited and E-Factor Experiences Limited, Eventions exhibits comparable financial productivity and margin profiles.

Key investment highlights include 100% fresh issuance of capital ensuring all proceeds flow directly into business operations rather than providing an exit to existing shareholders, robust return ratios, and favorable government initiatives granting structural industry status to MICE infrastructure in India. Promoter holding alignment remains strong, with promoters retaining a substantial controlling stake post-listing.

Principal risk factors include customer concentration risks where top corporate clients account for a significant portion of annual billings, working capital intensity inherent to event management receivables, and potential vulnerabilities to macroeconomic slowdowns impacting corporate travel and marketing budgets. Subscription pacing indicates healthy institutional interest alongside measured retail participation.