Now Reading: Eventions Ltd IPO opens September 30, price band Rs 112-118
-
01
Eventions Ltd IPO opens September 30, price band Rs 112-118
Eventions Ltd, an MICE and corporate events company, will open its initial public offering on Wednesday, 30 September 2026. The issue closes on 5 October 2026. The price band is fixed at…
Eventions Ltd, an MICE and corporate events company, will open its initial public offering on Wednesday, 30 September 2026. The issue closes on 5 October 2026. The price band is fixed at Rs 112 to Rs 118 per share, and the total issue size at the upper end is Rs 38.12 crore.
The company is offering 32.30 lakh equity shares. Retail investors must apply for a minimum of two lots of 1,200 shares each, amounting to Rs 2.83 lakh at the upper price band. HNI investors need a minimum of three lots, or about Rs 4.25 lakh.
Proceeds from the IPO will be used to repay debt of Rs 7 crore, invest Rs 1.40 crore in its subsidiary, and fund working capital requirements of Rs 18.80 crore. The company's revenue grew from Rs 87.29 crore in FY24 to Rs 100.62 crore in FY26, while profit after tax rose from Rs 3.29 crore to Rs 7.72 crore over the same period.
Indian Opinion Analysis
Eventions operates on an asset-light B2B model, partnering with hospitality firms and vendors rather than owning venues. This structure allows it to scale without heavy capital expenditure, but it also means margins depend heavily on client contracts and travel demand. The MICE industry in India is fragmented, with a mix of unorganised players and a few listed peers. The IPO proceeds are primarily earmarked for working capital, which suggests the company is preparing for larger assignments. The IPO opens on 30 September 2026.
Source: bazaar.businesstoday.in
This brief was synthesised by AI from the source linked above.
