Eventions IPO
Eventions LtdSME
This IPO opens on 30 Sep 2026.
- Open date
- 30 Sep 2026
- Close date
- 5 Oct 2026
- Min. Investment
- ₹2,83,200
- Lot Size
- -
- Fresh Issue
- ₹38.12 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers0.00x
- Non-Institutional Investors0.00x
- Retail-Individual Investors0.00x
- Total0.00x
Schedule
- Current step: IPO open date30 Sep 2026
- Upcoming: IPO close date5 Oct 2026
- Upcoming: Allotment date6 Oct 2026
- Upcoming: Funds unblock or debit7 Oct 2026
- Upcoming: Tentative listing date8 Oct 2026
About
Promoter shareholding in Eventions Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Cristoo Arora | 43,82,629 | 48.95% | 43,82,629 | 35.97% |
| Ravi Rajak | 44,79,980 | 50.04% | 44,79,980 | 36.77% |
| Kirat Ahluwalia | 36,450 | 0.41% | 36,450 | 0.30% |
| Malti Verma | 43,650 | 0.49% | 43,650 | 0.36% |
| Vincy Arora | 7,200 | 0.08% | 7,200 | 0.06% |
Eventions IPO Strengths & Risks
- 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: The company has in past entered into related party transactions and its may continue to do so in the future.
- Risks Relating to the Business: There have been some instances of delays in filing in the past with the Registrar of Companies (RoC) and further the Company has not complied with certain statutory provisions of the Companies Act, 2013 and rules framed thereunder. Such non-compliances/ lapses may attract penalties.
- Risks Relating to the Business: The company's Promoter has previously been associated with a company which is under the process of striking off by the Registrar of Companies, which may attract regulatory scrutiny.
- Risks Relating to the Business: There have been certain qualifications and adverse observations in the past by the company's statutory auditors in relation to statutory compliances and accounting matters, which may attract regulatory scrutiny and could have an adverse impact on the company's financial condition and reputation.
- Risks Relating to the Business: A portion of the company's revenue is recognised prior to invoicing in accordance with applicable accounting standards and is reflected as unbilled revenue in its financial statements. Any delay in billing or collection of such amounts may adversely affect the company's cash flows and financial condition.
- Risks Relating to the Business: The Company has experienced negative cash flows in certain periods and sustained negative cash flows could adversely affect its business, financial condition and results of operations.
- Risks Relating to the Business: The company has certain outstanding litigation against its, an adverse outcome of which may adversely affect the company's business, reputation and results of operations.
- Risks Relating to the Business: The Company primarily operates based on purchase orders or event-specific work orders from clients rather than long-term contracts, and any reduction or delay in such orders may adversely affect the company's revenue and profitability.
- Risks Relating to the Business: The company's business is operating under various laws which requires it to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company's inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company's business, prospects, results of operations and financial condition.
- Risks Relating to the Business: There have been instances of delays in payment of statutory dues, i.e. ESIC,EPF, GST, Income Tax and TDS by the Company. In case of any delay in payment of statutory due in future by the Company, the Regulatory Authorities may impose monetary penalties on the company or take certain punitive actions against its in relation to the same which may have adverse impact on the company's business, financial condition and results of operations.
- Risks Relating to the Business: A significant portion of the company's revenue is derived from operations in certain geographical regions, particularly Haryana, and any adverse developments in these regions could adversely affect its business, financial condition and results of operations.
- Risks Relating to the Business: The company's primary brand name and logo `EVENTIONS' is currently registered in the name of its Promoter and the transfer of such trademark in favour of the Company is pending registration, which may expose it to risks relating to ownership and enforcement of the company's intellectual property.
- Risks Relating to the Business: The Company is dependent on third-party vendors for execution of its event management services, and a significant portion of the company's event-related expenses is concentrated among a limited number of such vendors. Any disruption in the availability, performance or pricing of such vendors may adversely affect its business, results of operations and financial condition.
- Risks Relating to the Business: The company's business operations are dependent on information technology systems and digital communication platforms and any disruption, failures, inadequacy or security breach in such systems may adversely affect its operations, client servicing, financial performance and reputation.
- Risks Relating to the Business: Any delay or default in payments from the company's clients may adversely affect its cash flows, working capital requirements and financial condition.
- Risks Relating to the Business: The company operations involve on-ground execution and coordination of events across diverse venues, exposing the company to potential operational, safety and reputational risks, which may adversely affect its business, results of operations and financial condition.
- Risks Relating to the Business: The company's Registered Office is located on leased premises. There may or may not be assurance that its will be able to retain or renew such leases on the same or similar terms, or that the company will find alternate locations for the existing offices on terms favourable to the company, or at all.
- Risks Relating to the Business: The company's business is subject to seasonality and fluctuations, which may result in uneven revenues, cash flows and sub-optimal utilisation of resources during certain periods.
- Risks Relating to the Business: The company's business is significantly dependent on maintaining high standards of service quality and client satisfaction, and any failures to meet client expectations may adversely affect its reputation, client relationships, business prospects and may expose the company to potential service deficiency claims.
- Risks Relating to the Business: The company's asset-light operating model involves significant reliance on third-party vendors, subcontractors and freelance professionals for event infrastructure, production and on-ground execution, and any failures or delay on their part may adversely affect the company operations, project timelines and reputation.
- Risks Relating to the Business: The event management and MICE industry is highly competitive and fragmented, and the company's inability to maintain differentiation through service quality, innovation, and client retention may adversely affect its market position and profitability.
- Risks Relating to the Business: The company's significant dependence on domestic corporate clients for MICE and event management assignments exposes it to demand risks arising from fluctuations in corporate travel, marketing and employee engagement expenditure.
- Risks Relating to the Business: The company's business performance is sensitive to macroeconomic conditions, geopolitical conflicts, including ongoing war situations, travel restrictions, and other external factors beyond its control.
- Risks Relating to the Business: Cancellation, postponement or scaling down of events by clients may adversely affect the company's revenue, profitability and cash flows.
- Risks Relating to the Business: The company's execution of events across multiple domestic and international locations exposes it to logistical, regulatory and operational challenges that may affect timely project delivery.
- Risks Relating to the Business: The company's future growth depends on its ability to successfully implement the company's expansion strategies and effectively utilize the Issue Proceeds.
- Risks Relating to the Business: Failures to adapt to evolving event formats, including digital and hybrid events, may affect its competitiveness and growth prospects.
- Risks Relating to the Business: Inadequate protection of client data, event information, or digital content may expose it to data privacy, confidentiality, regulatory and reputational risks.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company's Promoters may be lower than the issue price of Equity Share.
- Risks Relating to the Business: The Company has issued Equity Shares in the last 12 months at a price which may be lower than the Issue Price.
- Risks Relating to the Business: The company's Promoters and Promoter Group will continue to retain a majority shareholding in the Company after the Issue, which will enable them to exercise significant influence over its operations and key corporate decisions.
- Risks Relating to the Business: The company's success depends on the continued services of its promoters, key managerial personnel and other skilled, creative and operational personnel, and the company's inability to attract, retain or effectively utilise such talent may adversely affect its business operations and growth.
- Risks Relating to the Business: The company's business operations involve coordination with third-party transportation and travel service providers for execution of certain domestic and international events, and any disruption, delay or deficiency in such services may adversely affect event execution, client satisfaction and the company's reputation.
- Risks Relating to the Business: The company's Promoters, Directors and Key Managerial Personnel have interests in the Company other than reimbursement of expenses or normal remuneration or benefits, which may result in potential conflicts of interest.
- Risks Relating to the Business: The company operations may be exposed to foreign exchange fluctuations arising from international event arrangements and related transactions.
- Risks Relating to the Business: The company's subsidiary has incurred losses in its initial year of operations, which may adversely affect the company's consolidated financial performance.
- Risks Relating to the Business: The company's Promoters have extended personal guarantee in connection with some of its debt facilities to the company. There can be no assurance that such personal guarantee will be continued to be provided by the company's Promoters in future or can be called at any time, affecting the financial arrangements.
- Risks Relating to the Business: Certain unsecured loans availed by the Company is repayable on demand and may be recalled by the lenders at any time, which may adversely affect its liquidity and financial condition.
- Risks Relating to the Business: The Objects of the Issue for which funds are being raised are based on the company's management estimates and the same have not been appraised by any bank or financial institution or any independent agency.
- Risks Relating to the Business: Certain industry and market data included in this Red Herring Prospectus have not been independently verified by the company.
- Risks Relating to the Business: The company has not identified any alternate source of funding for the Objects of the Issue, and any delay or shortfall in raising funds through the Issue may affect the implementation of its business plans.
- Risks Relating to the Business: Certain key performance indicators of listed industry peers included in this Red Herring Prospectus are based on publicly available information and may not be directly comparable.
- Risks Relating to the Business: The company's ability to access external financing may be limited in the absence of a credit rating, and any unfavourable credit assessment in the future may adversely affect its business, financial condition and growth prospects.
- Risks Relating to the Business: If the company fails to maintain an effective system of internal controls, its may not be able to effectively manage the company operations or accurately report its financial results.
- Risks Relating to the Business: A majority of the company Directors does not have prior experience as directors of listed companies, which may affect its ability to effectively address the regulatory and governance requirements applicable to a listed entity.
- Risks Relating to the Business: The company's employees may engages in misconduct or other improper activities, which could adversely affect its business and reputation.
- Risks Relating to the Business: Any variation in the utilisation of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- Risks Relating to the Business: The company has not paid any dividends in the past and its ability to pay dividends in the future will depends upon the company's future earnings, financial condition and other factors.
