Eventions IPO

Incorporated on December 15, 2020, Eventions Limited provides MICE (Meetings, Incentives, Conferences and Exhibitions) and event management services. It plans, coordinates and executes corporate events, conferences and related programs for corporate and institutional clients.

The company works mainly in the B2B segment on a project-by-project basis, handling venues, travel, accommodation, logistics and on-site execution. It follows an asset-light model, working with hospitality partners, destination management companies, logistics providers and event production vendors. It also supports other event management companies on specific parts of larger assignments.

The MICE segment contributed 91.29% of revenue from operations in FY2026. During the year ended March 31, 2026, the company executed 49 events with a contract value of ₹50 lakh and above, of which 23 were at international destinations. Its clients come from banking, insurance, FMCG and other sectors, and its international assignments have covered Europe, the Middle East and Asia-Pacific.

B2C travel and FIT activities are now mainly carried out through its subsidiary, Gantu Online Private Limited, allowing the company to keep its focus on core corporate event and MICE operations.

Integrated MICE and Events Model: The company covers MICE, corporate events and brand activations, so clients can use one firm for conceptualisation, travel, venue, hospitality, logistics and on-site execution. Between FY2024 and FY2026, it executed more than 200 events of varying size, of which 107 had a ticket size of ₹50 lakh and above.

End-to-End Event Management: Eventions handles the full event lifecycle, from planning and venue identification to travel, accommodation, logistics, vendor coordination and on-site management. Clients avoid dealing with multiple service providers, as the company coordinates hospitality providers, transport vendors, production agencies and destination partners for meetings, incentive trips, conferences and product launches.

Asset-Light Business Model: The company executes assignments through a network of hospitality partners, destination management companies, production vendors and logistics providers instead of owning event infrastructure. This lets it scale operations with project requirements, manage fixed operating costs and take on events across different geographies and formats.

High Customer Concentration: The top customer contributed 42.72% and the top 10 customers 84.59% of revenue from operations in FY2026. Engagements are project-based without long-term contracts, so any reduction, delay or loss of business from key clients could hurt revenue, profitability and working capital.

Sustainability of Improved Margins: PAT margin rose from 3.77% in FY2024 to 7.67% in FY2026, and EBITDA margin from 4.77% to 10.22%, helped by more premium and international events. A less favourable event mix, pricing pressure or loss of major customers could mean these margin levels are not maintained.

Investment in Early-Stage Subsidiary: About ₹140.00 lakh of the Net Proceeds will be invested, as debt, in subsidiary Gantu Online Private Limited, a travel booking and FIT platform with limited operating history and FY2026 revenue of about ₹313.68 lakh. Underperformance of the subsidiary could adversely affect the company's financial results.