Eventions IPO

Eventions offers MICE services, corporate events and brand activations under a coordinated service model, covering event conceptualisation, travel, venue management, hospitality, logistics and on-site execution. It executed 200+ events during FY24–FY26, including 107 events with ticket sizes of ₹50 lakh and above.  

Company manages multiple stages of the event lifecycle, from planning and venue identification to travel, accommodation, vendor coordination and on-ground execution, reducing the need for clients to coordinate with multiple service providers. 

Eventions primarily relies on hospitality partners, destination management companies, logistics providers and event production vendors rather than owning significant fixed infrastructure. This provides flexibility to scale assignments based on project size, location and client requirements.  

High-value events increased from 27 in FY24 to 31 in FY25 and 49 in FY26. International high-value events also increased from 11 to 16 and 23 over the same period, while long-haul international events rose from 2 in FY24 to 17 in FY26. 

MICE accounted for 91.29% of revenue from operations in FY26, compared with 91.77% in FY25 and 87.39% in FY24, reflecting the Company's increasing focus on corporate conferences, incentive travel and large-scale business events. 

The Company has served more than 50 corporate clients, with a portion of assignments coming from repeat engagements. It caters to sectors including banking, insurance, FMCG and other industries, providing scope to deepen wallet share through multiple event and travel-related services. 

The RHP cites Mordor Intelligence data estimating India's event and exhibition market at US$5.23 billion in 2024, projected to reach US$7.80 billion by 2029, representing an 8.31% CAGR. Rising demand for professional event management, corporate events, exhibitions and brand promotions provides an industry-level growth opportunity. 

India's National Strategy for MICE targets increasing India's share of global MICE business to 2%, improving its ICCA ranking to the top 20, and establishing MICE Promotion Bureaus across major cities. The proposed “Meet in India” initiative also aims to promote India as a global MICE destination. 

The company identifies increasing adoption of hybrid events, AI, real-time data analysis and virtual platforms as key developments in the event management industry. Eventions also intends to expand its technology-driven B2C travel platform through its subsidiary, Gantu Online, creating an additional avenue for customised travel and experiential tourism. 

Eventions acquired 70% of Gantu Online Private Limited, which operates in the B2C FIT segment. The IPO proceeds include ₹1.40 crore for investment in Gantu, intended for technology infrastructure, platform enhancement, AI-enabled customer support and itinerary optimisation, potentially expanding the Company's presence beyond its core B2B MICE business. 

Eventions derives a substantial share of revenue from a limited customer base. In FY2026, its top 1 customer contributed 42.72%, top 5 contributed 64.57%, and top 10 contributed 84.59% of revenue. Loss or reduction in business from key customers could materially affect revenue and profitability. 

Customer engagements are generally project-specific and are not backed by long-term contractual commitments. Clients can reduce, delay or discontinue assignments, creating uncertainty in future order flow and revenue visibility. 

PAT margin increased from 3.77% in FY2024 to 5.82% in FY2025 and 7.67% in FY2026, while EBITDA margin rose to 10.22% in FY2026. The RHP states that this improvement was partly driven by premium international and higher-ticket events and may not be sustainable if the event mix changes. 

Eventions plans to invest ₹140 lakh of IPO proceeds in Gantu Online, its 70%-owned subsidiary. Gantu generated revenue of only ₹313.68 lakh in FY2026 and has limited operating history in the travel/FIT segment, creating risks around scalability, customer acquisition, competition and profitability. 

Event execution depends on hospitality providers, destination management companies, logistics partners and event-production vendors. The RHP notes that a significant portion of event-related expenses is concentrated among a limited number of vendors; disruptions, pricing increases or performance issues could affect margins and execution. 

Trade receivables increased to ₹2,987.09 lakh in FY2026 from ₹985.68 lakh in FY2025. Receivables outstanding for more than six months stood at ₹218.99 lakh as of March 31, 2026. Since the Company may incur venue, logistics and vendor costs before receiving full client payments, delays or defaults could pressure liquidity. 

Events involve large gatherings, temporary structures and multiple external vendors. Incidents such as fire, electrical faults, structural failures, crowd-management issues or medical emergencies could disrupt events and adversely affect the Company's reputation and financial performance. 

The Company faces competition from organised and unorganised players in the event-management and MICE industry. Its ability to attract, retain and train skilled personnel, creative professionals and key managerial employees is also identified as a risk in the RHP. 

Eventions operates across multiple domestic and international locations. Expansion into new geographies can expose it to unfamiliar market conditions, local competition, logistical challenges, vendor availability and differing regulatory requirements. 

A slowdown in India or global economic activity, geopolitical tensions, wars, travel restrictions, pandemics, natural disasters or other force-majeure events could reduce corporate spending and lead to event cancellations or postponements. The RHP also identifies inflation, interest-rate and foreign-exchange fluctuations as potential risks.