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₹118 - 118 Amounts at the upper price band.
Eventions Ltd
MiscellaneousIPOSME
₹118 - 118
Our Company operates in the Meetings, Incentives, Conferences and Exhibitions ("MICE") and Event Management segment and is engaged in providing services relating to the planning, coordination and execution of corporate events, conferences and related activities. These services are generally provided to corporate clients and institutions and involve coordination of venues, travel arrangements, accommodation, logistics management and on-site event execution support depending on the scope of the engagement. Our services are typically delivered on a project-specific basis, wherein clients engage the Company for the planning and execution of particular programs or events. A portion of the Company's assignments are received through repeat engagements from existing corporate clients, where organisations periodically organise meetings, conferences and corporate events.
Lot1,200Min Invest₹2,83,200Face Value₹10Issue Size₹38 CrFresh Issue₹38 CrListing Price₹111CMP₹74
Timeline
30 Sept
Bidding opens
5 Oct
Bidding closes
6 Oct
Allotment
7 Oct
Refund & demat credit
8 Oct
Listing
Subscription · As of 7:00 PM, 5 Oct
Shares & amount
CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB65.4x1.54 L1.01 Cr118.74NII0.58x9.98 L5.80 L6.85Retail1.38x17.61 L24.28 L28.65Total0.00x32.30 L00.00
Reports
Offer Details
Terms
Issue Size₹38 Cr0.32 Cr shares
Fresh Issue₹38 Cr
Face Value₹10
Lot Size1,200 shares
ReservationQIB 5.28% · NII 34.26% · RETAIL 60.46%
Application Sizes
Retail₹2,83,2001-1 lots
sNII₹2,83,200from 2 lots
bNII₹11,32,800from 8 lots
Managers & Registrar
Lead ManagerCorporate Professionals Capital Private Limited
RegistrarMudra RTA Ventures Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group99.97%73.46%Public0.03%26.54%
Objects of the Issue
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company
- Investment in Subsidiary
- To meet working capital requirements
- General Corporate Purpose
Anchor Book
Bid Date29-Sep-202630-day lock-in04-Nov-202690-day lock-in03-Jan-2027
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 42 | 87 | 88 | 100 |
| Operating ProfitCr | 2 | 4 | 7 | 10 |
| OPM% | 4.3 | 4.8 | 8.1 | 10.2 |
| PBTCr | 2 | 4 | 7 | 10 |
| PATCr | 1 | 3 | 5 | 8 |
| EPS | 2 | 4 | 6 | 9 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 9 |
| ReservesCr | 1 | 5 | 10 | 9 |
| BorrowingsCr | 1 | 2 | 4 | 9 |
| Total AssetsCr | 11 | 29 | 24 | 51 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 3 | 0 | -3 | -5 |
| Investing Cash FlowCr | 0 | -2 | -1 | 0 |
| Financing Cash FlowCr | 1 | 1 | 1 | 6 |
| Net Cash FlowCr | 3 | 0 | -3 | 2 |
Strengths & Risks
Strengths · as stated in the DRHP
- Proven Track Record in Execution of Corporate Events and Conferences.
- Experienced Promoters with Industry Expertise.
- Asset-Light and Scalable Operating Model.
- Capability to Execute Large-Format Events.
- Client-Centric Approach with Repeat Business Relationships.
Strategies · as stated in the DRHP
- Scaling and Strengthening Core MICE Business.
- Strengthening Relationships with Existing Clients and Expanding the Client Base.
- Expansion of the Gantu Travel Platform and FIT segment.
- Strengthening Vendor and Destination Partner Network.
Risks · as stated in the DRHP
- The Company derives a significant portion of its revenues from a limited number of customers, a substantial proportion of which comprises repeat engagements, and any reduction, delay, or discontinuation of business from such customers could materially affect the company's revenue and profitability.
- The company's PAT margins increased significantly in Fiscal 2025 and Fiscal 2026, and such increased profitability levels and dependence on a limited number of customers may not be sustainable in future periods.
- The company intends to utilise a portion of the Net Proceeds towards investment in its subsidiary, Gantu Online Private Limited, which is at an early stage of operations with limited operating history and limited experience in the travel and FIT services business, and any underperformance of such subsidiary may adversely affect the company's business, financial condition and results of operations.
- Conflict of interest may arise as certain promoter group entities are engaged or may be engaged in a similar line of business as the Company.
- The company's revenue is significantly derived from its MICE services, and any adverse changes in demand for such services may impact the company's business, results of operations and financial condition.
- The company has significant working capital requirements for its smooth day to day operations of business and discontinuance or the company's inability to acquire adequate working capital timely and on favourable terms may have an adverse effect on its operations, profitability and growth prospects.