Now Reading: Eventions Ltd IPO opens 30 September, subscribe says broker
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Eventions Ltd IPO opens 30 September, subscribe says broker
The Story in Brief
Eventions Ltd, a MICE and corporate events company, opened its initial public offering on Wednesday, 30 September 2026. The issue closes on 5 October 2026. The price band is 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, according to Business Today. Managing Director Ravi Rajak said the IPO will strengthen the company's financial foundation and help expand capabilities in the MICE and corporate events business.
Brokerage firm Lakshmishree has given a 'subscribe' rating for the IPO, citing the company's asset-light model and improving operating margins. Business Today reports that EBITDA margin rose from 4.82% in FY24 to 10.27% in FY26.
Update, 1 October 2026: Business Today reports that the Eventions IPO is now in its second day, Thursday, 1 October 2026. Brokerage firm Lakshmishree has given a 'subscribe' rating for the issue, citing the company's asset-light model and improving EBITDA margin of 10.27% in FY26.
Indian Opinion Analysis
Both articles from Business Today are uniform straight-report coverage of the Eventions IPO. They present identical core facts: price band, issue size, lot details, use of proceeds, and financials. The second article adds the Lakshmishree broker rating and a more recent EBITDA margin figure (10.27%), but neither outlet adopts an evaluative stance. The coverage is descriptive, not promotional or critical. The key update for investors is that the IPO is now in its second day, with the subscription window closing on 5 October 2026.
Sources (2): businesstoday.in, businesstoday.in (2)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
