Eventions IPO

GMP History

Financial Performance

As disclosed by Eventions in its offer document.

Strengths and risks

Taken from Eventions's own offer document — not Arthneeti's assessment.

• ✓Eventions provides services across MICE, corporate events and brand activations. Its service model covers event conceptualisation, travel coordination, venue management, hospitality arrangements, logistics planning and on-site execution under a single engagement.
• !Eventions derives a significant portion of its revenue from a limited number of customers. Its top customer accounted for 63.21%, 54.82% and 42.72% of revenue from operations in FY24, FY25 and FY26, respectively, while its top 10 customers accounted for 92.59%, 96.67% and 84.59%, respectively. Since customer engagements are generally project-based and do not involve long-term commitments, loss or reduction of business from major customers may affect the company’s revenue, profitability and order flow.
• ✓The company undertakes event planning, venue identification, travel and accommodation arrangements, logistics, vendor coordination and on-site event management. Its assignments include corporate meetings, incentive travel programs, conferences, exhibitions, product launches and promotional campaigns.
• !The company’s recent improvement in profitability may not be sustainable. PAT stood at Rs 3.29 crore, Rs 5.12 crore and Rs 7.72 crore in FY24, FY25 and FY26, respectively, while PAT margin stood at 3.77%, 5.82% and 7.67%, respectively. The improvement was partly driven by a favourable event mix, including higher-value and international events; therefore, a change in event mix or reduction in premium assignments may affect its profitability.

About Eventions

Eventions Limited is engaged in the Meetings, Incentives, Conferences and Exhibitions (MICE) and event management segment. The company provides event planning, coordination and execution services primarily to corporate and institutional clients. Its services include MICE programs such as meetings, conferences and incentive travel, corporate events including product launches and virtual events, free independent travel (FIT) services, and brand and marketing activations. The company coordinates venues, travel, accommodation, logistics and on-site execution based on individual project requirements. It works with hospitality providers, destination management companies, logistics partners and event production vendors. It also provides execution support to other event management companies for specific assignments. Eventions undertakes projects across India and international locations, including Europe, the Middle East and Asia-Pacific. Its subsidiary, Gantu Online Private Limited, primarily provides customised travel and experiential tourism services to individual customers and small groups.