Eventions Limited, a player in the MICE and corporate events segment, will open its Initial Public Offering (IPO) for subscription on September 30, with the issue closing on October 5, 2026. The company plans to raise Rs. 38.12 crore through the issue, comprising 32,30,400 equity shares with a face value of Rs. 10 each. The price band has been fixed at Rs. 112-118 per share, with the equity shares proposed to be listed on the NSE SME platform.
The IPO proceeds will include Rs. 7 crore towards repayment and/or prepayment of borrowings, Rs. 1.40 crore for investment in a subsidiary and Rs. 18.80 crore for working capital requirements, with the balance earmarked for general corporate purposes. The market lot is 1,200 shares, while retail investors must apply for a minimum of two lots, requiring Rs. 2.83 lakh at the upper price band. Corporate Professionals Capital Pvt. Ltd. is the book running lead manager and Mudra RTA Ventures Private Limited is the registrar.
From Rs. 87.29 crore in FY24, total income rose to Rs. 100.62 crore in FY26, while PAT increased from Rs. 3.29 crore to Rs. 7.72 crore.
In Kolkata, the IPO could draw attention from investors tracking SME listings and companies linked to the growing corporate events and MICE ecosystem, particularly as businesses increase spending on conferences, incentive travel and brand activations.