Eventions Limited's SME IPO concluded its bidding window on October 5, 2026, with the final day subscription reaching 1.96 times as reported by Investing.com India. The institutional portion demonstrated exceptional strength, with QIB subscribing at 65.44 times by the preceding session's close, representing a significant increase from the earlier reported 26.18 times subscription. The overall IPO subscription showed improved retail participation, with retail portion subscribed at 0.65 times and non-institutional portion at 0.23 times, while the SENIOR HNI portion remained subscribed at 0.13 times. The SME IPO comprises 32.30 lakh equity shares with a total issue size of ₹38.12 crore at the upper price band.
The price band for the Eventions IPO has been fixed at ₹112 to ₹118 per share, with the lot size set at 1,200 shares. Individual investors need to apply for a minimum of two lots, requiring an application for 2,400 shares to cost ₹2,83,200 at the upper price band. As reported by Goodreturns, the IPO is entirely a fresh issue of shares and is being managed by Corporate Professionals Capital Pvt. Ltd., while Mudra RTA Ventures Private Limited serves as the registrar to the issue. The minimum application for retail investors is 2 lots (₹2,83,200), while SENIOR HNI investors can apply for 3-7 lots ranging from ₹4,24,800 to ₹9,91,200. The SME IPO comprises 32.30 lakh equity shares with a total issue size of ₹38.12 crore.
The Eventions IPO continues to attract attention in the unofficial grey market, with the latest grey-market indication suggesting a premium of around ₹42 per share over the upper IPO price of ₹118. According to Goodreturns, if this premium holds, the implied price would be around ₹160 per share. However, this represents only a mathematical indication based on unofficial transactions and does not guarantee a listing price. The grey market premium is subject to change based on demand, subscription levels, and broader market sentiment, with the current premium reflecting the strong institutional interest in the issue. The tentative listing is scheduled for October 8, 2026 on NSE Emerge platform.
Eventions has demonstrated consistent growth in its financial metrics, with revenue increasing from ₹86.57 crore in FY24 to ₹99.74 crore in FY26, representing a 14.6% CAGR. The company's EBITDA grew from ₹4.13 crore to ₹10.19 crore over the same period, showing strong operational efficiency improvements. Profit after tax increased from ₹3.29 crore to ₹7.72 crore, indicating robust bottom-line growth. The company's EBITDA margin expanded from 4.82% in FY24 to 10.27% in FY26, reflecting significant improvement in operating profitability. Eventions operates in India's Meetings, Incentives, Conferences and Exhibitions (MICE) and corporate events market, following an asset-light business model that helps businesses organise conferences, meetings, incentive trips, exhibitions and other corporate events without owning large numbers of assets. The company's Serviceable Obtainable Market (SOM) currently stands at approximately ₹100 crore, representing just 1% of the organized SAM, indicating significant expansion potential.
The Eventions IPO is structured under Chapter IX of SEBI ICDR Regulations for listing on NSE Emerge platform, with post-issue dilution constituting approximately 26.51% of the paid-up equity share capital. The company plans to deploy ₹25.80 crore of IPO proceeds for working capital deployment, repayment of borrowings (₹7.00 crore), equity infusion into subsidiary Gantu Online (₹1.40 crore), and general corporate expenditures. Lakshmishree Investment & Securities Ltd has recommended the IPO for subscription at ₹118 with a target price of ₹195, projecting the stock could scale to ₹210 by FY27-28 and further to ₹273-353 by FY29-30. The company operates across domestic and international destinations including Europe, Middle East, and Asia-Pacific markets, with plans for geographic diversification post-IPO to expand client capture offices across Western and Southern India.
