Eventions Limited IPO
Listed 08 Oct 2026, 2.32× subscribed, ₹38.12 Cr issue, on the SME platform.
What the filing says
Arithmetic on the offer document and exchange data.
The filing raises real questions — 2 of 4 signals read negative
- Positive: Conservative balance sheetDebt/equity of 0.52×
- Negative: Qualified audit opinionthere were 03 qualifications in Auditor's Report on the Audited Financial Statements of the Company for the year ended March 31, 2024, which require any adjustments to the Restated
- Negative: 1 high-severity disclosurethere were 03 qualifications in Auditor's Report on the Audited Financial Statements of the Company for the year ended March 31, 2024, which require any adjustments to the Restated
- Positive: Institutions bid heavilyQIB portion subscribed 26.18×
Describes the offering as disclosed, pulled toward neutral for gaps; not a listing-price forecast or advice to apply.
Dates
Issuer's timetable, IST.
- 30 SeptBidding opens
- 5 OctBidding closesRetail UPI mandates by 5 pm IST
- 6 OctAllotmentStatus from Mudra RTA Ventures Private Limited
- 8 OctListingSME platform
- 30 SeptBidding opens
- 5 OctBidding closesRetail UPI mandates by 5 pm IST
- 6 OctAllotmentStatus from Mudra RTA Ventures Private Limited
- 8 OctListingSME platform
Demand and allotment odds
Times subscribed by investor category, one shared scale
- InstitutionsQIB26.18×
- Non-institutionalNII0.52×
- Above ₹10 lakhbNII0.31×
- ₹2–10 lakhsNII0.92×
- RetailRII1.38×
Max 26.2×; tick = 1× (fully subscribed). 1,178 applications.
How this is worked out
Retail is 1.38× subscribed. Allotment is a lottery on the minimum application, so roughly 1 in 1.4 applications gets one. Bidding for extra lots does not improve these odds.
How this is worked out
The HNI portion is under-subscribed at 0.52×, so applications should be allotted in full.
From SEBI allotment rules. Retail is a lottery on the minimum (2 lots); more lots do not raise the odds.
The offering
Terms, and valuation at the upper band.
Terms
- Price band
- ₹112 – ₹118
- Final issue price
- ₹118
- Face value
- ₹10.00
- Lot size
- 1,200 shares
- Minimum application
- ₹2,83,2002 lots at the upper band
- Total issue size
- ₹38.12 Cr
- Anchor investors
- None
- Registrar
- Mudra RTA Ventures Private Limited
- Lead managers
- Corporate Professionals Capital Private Limited
- ISIN
- INE20M201019
Company and valuation
- P/E at upper band
- —
- NAV per share
- ₹20.92
- Debt to equity
- 0.52×
- ROE, latest period
- 55.16%
- ROCE, latest period
- 48.76%
- RoNW, latest period
- 55.16%
- PAT Margin, latest period
- 7.67%
- EBITDA Margin, latest period
- 10.22%
- P/B (x), latest period
- 5.64
“Latest period” rows can be a part year, so ratios there may read low.
Who gets what
Split by investor category, and minimum bids.
- QIB5.0%
- NII (HNI)32.5%
- Retail57.4%
- Market Maker5.0%
| Category | Shares | Share of issue |
|---|---|---|
| QIB | 1,62,000 | 5.01% |
| QIB (Ex. Anchor) | 1,62,000 | 5.01% |
| NII (HNI) | 10,51,200 | 32.54% |
| bNII > ₹10L | 7,00,800 | 21.69% |
| sNII < ₹10L | 3,50,400 | 10.85% |
| Retail | 18,55,200 | 57.43% |
| Market Maker | 1,62,000 | 5.01% |
Total issue 32,30,400 shares. Indented rows sit inside the row above.
What each category may bid
- Individual investors (IND) (Min)
- ₹2,83,2002 lots, 2,400 shares
- Individual investors (IND) (Max)
- ₹2,83,2002 lots, 2,400 shares
- S-HNI (Min)
- ₹4,24,8003 lots, 3,600 shares
- S-HNI (Max)
- ₹9,91,2007 lots, 8,400 shares
- B-HNI (Min)
- ₹11,32,8008 lots, 9,600 shares
Small-HNI minimum is several lots, not one.
What the money is for
Stated use of net proceeds, ₹ Cr.
- Debt repaymentRepayment and/or pre-payment, in full or part, of certain borrowings…₹7.00 Cr
- SubsidiariesInvestment in Subsidiary₹1.40 Cr
- Working capitalTo meet working capital requirements₹18.80 Cr
- General purposesGeneral Corporate Purpose—
Unstated amounts (general purposes) mean the rows do not sum to the issue.
How the issuer compares
Peers named by the issuer itself.
| Company | EPS (₹) | P/E | NAV (₹) | RoNW |
|---|---|---|---|---|
| Our Companythis issue | 8.90 | — | 20.92 | 55.16% |
| Eventions Limited | 7.16 | 22.4× | 58.47 | 12.99% |
| Mach Conferences & Events Limited | 15.03 | 11.0× | 69.41 | 24.25% |
Also named, with no figures printed: E-Factor Experiences Limited. The offer document prints no P/E for the issuer; figures are pre-listing.
Risks worth reading
Ranked by severity.
- Auditor qualificationhigh
there were 03 qualifications in Auditor's Report on the Audited Financial Statements of the Company for the year ended March 31, 2024, which require any adjustments to the Restated Financial…
mediumOur 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 our revenues and profitability.
mediumOur 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.
mediumWe intend to utilise a portion of the Net Proceeds towards investment in our 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…
What happened to comparable issues
Last 8 listings, most comparable first. Context, not a forecast.
| Issue | Subscribed | Listing gain | Listing gain bar |
|---|---|---|---|
| Vedant Poly Fabs Limited | 1.9× | unchanged 0.0% | |
| HGS (India) Limited | 231× | up +33.3% | |
| Maxwell Engineering Solutions Limited | 491× | up +90.0% | |
| Ravita Engineering Services Limited | 6.7× | unchanged 0.0% | |
| Vaibhav Vyapaar Limited | 3.1× | down minus 2.0% | |
| R.K. Fashion Accessories Limited | 2.6× | down minus 2.4% | |
| Papadmalji Agro Foods Limited | 2.5× | up +0.4% | |
| Green Asia Impex | 1.0× | unchanged 0.0% |
Different companies at different prices. Bars share one scale (full = 90%).
Offer documents
Primary sources.
- PROSPECTUS30 Sept 2026AnalysisPDF (opens SEBI site in a new tab)
Common questions
How many times is the Eventions Limited IPO subscribed?
Eventions Limited is subscribed 2.32× overall (QIB 26.18×, NII 0.52×, retail 1.38×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, Mudra RTA Ventures Private Limited.
What is the minimum investment in the Eventions Limited IPO?
One lot is 1,200 shares, so a retail application at the ₹118 cut-off price blocks ₹1,41,600. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Eventions Limited IPO?
The retail portion is subscribed 1.38×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 1. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Eventions Limited IPO allotment date?
Allotment is scheduled for 2026-10-06, with listing on 2026-10-08. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, Mudra RTA Ventures Private Limited.
Source: offer document, NSE and BSE bidding data; allotment basis from the registrar. Grey-market premium is unofficial. For information only, not investment advice: consult a SEBI-registered adviser before applying.