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Eventions SME IPO Opens September 30, Aims to Raise Rs 38.12 Crore for Expansion
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News18•27-09-2026, 19:30
Eventions SME IPO Opens September 30, Aims to Raise Rs 38.12 Crore for Expansion
- •Eventions, an event management company, will launch its Rs 38.12 crore initial public offering (IPO) on September 30, closing on October 5.
- •The IPO consists of a fresh issue of up to 32.30 lakh equity shares, priced between Rs 112-118 per share, with listing on the NSE SME platform by October 8.
- •Proceeds from the IPO will fund working capital requirements (Rs 18.80 crore), debt repayment (Rs 7 crore), and investment in its subsidiary (Rs 1.40 crore).
- •Eventions, incorporated in 2020, specializes in MICE and event management, offering integrated solutions for corporate and institutional clients.
- •The company's total income grew from Rs 87.29 crore in FY24 to Rs 100.62 crore in FY26, with profit after tax increasing from Rs 3.29 crore to Rs 7.72 crore in the same period.
Key Questions Answered
The Eventions SME initial public offering will open for subscription on September 30 and conclude on October 5, seeking to raise Rs 38.12 crore.
The public offer consists of a fresh issue of up to 32.30 lakh equity shares priced between Rs 112 and Rs 118 per share, with shares tentatively slated to list on the NSE SME platform on October 8.
Eventions plans to use about Rs 18.80 crore for working capital requirements, Rs 7 crore for debt repayment, Rs 1.40 crore for its subsidiary, and the remaining balance for general corporate purposes.
