The Eventions IPO entered its second day of subscription on October 1, 2026, with the issue remaining open until October 5, 2026. According to Goodreturns, the price band has been fixed at ₹112 to ₹118 per share, with the issue comprising a fresh issue of 32.30 lakh equity shares with a face value of ₹10 each. At the upper end of the price band, the total issue size will be approximately ₹38.11 crore. The lot size is set at 1,200 shares, meaning an application for two lots requires a minimum investment of ₹2,83,200. This relatively higher application amount makes the issue more relevant for investors comfortable with SME IPO investment levels. The final issue price will be determined through the book-building process, with the company planning to list its shares on the NSE SME platform.
The IPO has witnessed exceptional market traction with robust early institutional participation. As of October 1, 2026, the overall issue stands subscribed approximately 1.68-1.73 times, led by an exceptional Qualified Institutional Buyer (QIB) response of 26.18 times. The QIB category received applications for over 42 lakh shares against only 1.62 lakh shares available, with institutional bids alone exceeding the entire net public issue size in value terms. The Non-Institutional Investors (NII) category showed subdued response at 0.05x-0.21x, while Individual/Retail investors subscribed 0.46x-0.48x. The lot size is set at 1,200 shares, meaning one lot costs ₹1,41,600 at the upper price of ₹118 per share. Retail investors must apply for at least two lots, requiring a minimum investment of ₹2,83,200. HNI category investors need to apply for at least three lots, requiring ₹4,24,800 at ₹118 per share.
Reflecting the heavy institutional bidding momentum, unofficial grey market indications have surged with the company commanding an offline GMP of approximately ₹42 per share. When mapped against the upper issue price of ₹118, this implies a strong positive listing sentiment in the unregulated space. As per grey market premium estimates, the IPO may list around ₹160, though GMP is unofficial, unregulated, and highly volatile. The tentative listing is scheduled for October 8, 2026 on NSE Emerge platform. The IPO is structured strictly under the framework of Chapter IX of the SEBI ICDR Regulations for listing on the NSE Emerge platform.
Eventions operates in the MICE (Meetings, Incentives, Conferences and Exhibitions) segment, providing event-management services to corporate and institutional clients. The company manages different parts of an event, including planning, venue arrangements, travel, accommodation, logistics, vendor coordination and on-ground execution. The company follows an asset-light model, working with hotels, travel partners, destination management companies, logistics providers and other vendors rather than maintaining a large owned infrastructure base. This allows it to execute events across different locations while keeping fixed asset requirements relatively limited. The company has established presence across domestic and international destinations, with Haryana accounting for 71.15% of total revenue in FY26. The company has handled events outside India, with destinations including Spain, France, Switzerland, the UAE, Singapore and Indonesia among the markets covered by its operations.
According to the company's financial disclosures, Eventions has demonstrated consistent growth in recent years. Revenue increased from ₹86.57 crore in FY24 to ₹99.74 crore in FY26, showing steady expansion. The improvement in profitability has been more pronounced, with EBITDA rising from ₹4.17 crore in FY24 to ₹10.24 crore in FY26. Profit after tax increased from ₹3.67 crore to ₹7.76 crore during the same period. The company's EBITDA margin expanded significantly from 4.82% in FY24 to 10.27% in FY26, indicating substantial improvement in operating profitability. The company's unbilled revenue surged to ₹2,050.25 lakhs in FY26, representing 20.55% of all operational performance, indicating working capital intensity. The company has successfully migrated toward higher-margin premium international activations, with international long-haul assignments in the premium mix rising from 9 to 17 over the same period. Corporate Professionals Capital is serving as the book-running lead manager, while Mudra RTA Ventures is the registrar for the IPO.
