Eventions Limited

Incorporated in December 2020 as Eventions Private Limited and converted into a public limited enterprise, Eventions Limited is a Gurgaon, Haryana-headquartered corporate event management and travel solutions company operating primarily in the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector.

The company operates an asset-light B2B execution model providing turnkey event planning, venue contracting, artist coordination, delegate logistics, and on-ground production. Its service architecture covers MICE solutions (contributing 91.29% of FY26 operating revenue), Corporate Events (8.60%), Free Independent Traveler (FIT) bespoke travel programs (0.11%), and Brand Activations.

Client Demographics & Geographic Execution:

• Client Base: Serves multinational corporations and institutions across BFSI, FMCG, Automobile, and Industrial sectors on a purchase order basis, with repeat clients generating 57.14% of high-value assignments in FY26.
• Global Footprint: International long-haul and short-haul destinations (including Spain, France, the Netherlands, and Switzerland) contributed 71.10% of operational turnover in FY26, with domestic corporate events (in Haryana, Maharashtra, Goa, and Delhi) contributing 28.90%.
• Marquee Projects: Over the last three fiscal years, the company executed over 200 events, including 107 high-value assignments with individual contract values exceeding ₹50.00 Lakhs.
• Digital Expansion: Acquired a 70% equity stake in Gantu Online Private Limited to develop an integrated digital travel platform, deploying ₹1.40 Cr from fresh issue proceeds to build automated itinerary planning and online booking portals.

Financial Track Record:

• FY24: Total Income of ₹87.29 Cr | Restated PAT of ₹3.29 Cr
• FY25: Total Income of ₹88.02 Cr | Restated PAT of ₹5.13 Cr
• FY26: Total Income of ₹100.62 Cr | Restated PAT of ₹7.72 Cr (a 2-year total income CAGR of 7.36% and PAT CAGR of 53.18%)
• Balance Sheet & Leverage: Net worth stood at ₹18.71 Cr as of March 31, 2026, delivering an RoNW of 55.16% and an EBITDA margin of 12.35%, with total debt of ₹9.44 Cr (debt-to-equity ratio of 0.52x, of which ₹7.00 Cr will be retired using IPO proceeds).

Valuation & Peer Comparison:
At the upper price band of ₹118 per equity share, the issue is priced at a pre-issue P/BV of 5.64x against an NAV of ₹20.92 (as of March 31, 2026) and a post-issue P/BV of 2.56x. Based on post-issue diluted EPS of ₹6.34, the asking price translates to a P/E multiple of 18.62x. This is positioned competitively compared to listed MICE and event peers like Mach Conferences & Events Limited (20.0x to 22.44x) while commanding a reasonable premium over E-Factor Experiences Limited (11.3x) on account of a higher proportion of high-margin international corporate MICE mandates.

Issue Management:
The public offer is lead-managed by Corporate Professionals Capital Private Limited, with Share India Securities Limited acting as Market Maker. Mudra RTA Ventures Private Limited serves as the Registrar to the Issue.

• 1 Mr. Cristoo Arora
• 2 Mr. Ravi Rajak
• 3 Mrs. Kirat Ahluwalia