# Eventions Limited: IPO analysis > Eventions Limited (CIN U92190HR2020PLC091592) has filed a Red Herring Prospectus with SEBI for an IPO comprising a fresh issue of 32,30,400 shares, priced at ₹112.00 to ₹118.00 per share. In FY26 it reported revenue of ₹100 Cr (+14.0% on FY25) and a net profit of ₹7.7 Cr. Promoters hold 99.4% before the IPO. Our fact-check of its claims found 6 medium or high concerns across 40 claims checked. - Page: https://ipo.innerkore.com/company/U92190HR2020PLC091592/eventions-limited/ - CIN: U92190HR2020PLC091592 - Last updated: 30 Sep 2026 ## Key facts - **Company:** Eventions Limited - **CIN:** U92190HR2020PLC091592 - **Filing stage:** RHP - **Latest SEBI filing:** 30 Sep 2026 - **Price band:** ₹112.00 to ₹118.00 per share - **Bidding closes:** 29 Sep 2026 - **Listing on:** NSE - **Revenue FY26:** ₹100 Cr - **Revenue growth:** +14.0% - **Net profit FY26:** ₹7.7 Cr - **Revenue CAGR FY24 to FY26:** 7.3% - **Promoter holding (pre-IPO):** 99.4% - **Lead managers:** Corporate Professionals Capital Private Limited - **Registrar:** Mudra RTA Ventures Private Limited - **Fact-check flags:** 0 high, 6 medium, 3 low ## Key signals (read from the filing; not investment advice) - **Valuation** (looks fine): 18.6x P/E. From NSE's price band, on FY26 profit; 3x book value. - **Growth** (concern): 7.3% a year. Sales FY24 to FY26; latest year +14%. - **Profitability** (look closer): 7.7% net margin. FY26; operating margin improving. - **Debt** (looks fine): 0.2x equity. ₹9.4 crore borrowed at the end of FY26. - **Profit into cash** (concern): -59% of profit. Operations brought in ₹-4.5 crore against ₹7.7 crore of profit in FY26. - **One-off income** (look closer): 9% of profit. Other and one-off income is 9% of pre-tax profit; management describes 1 one-off item. - **Where the money goes** (looks fine): All new money. 100% is new shares issued by the company. 26% of the new money repays debt. (converted using NSE's price band) - **Red flags** (look closer): 6 to review. 40 claims checked: 0 high, 6 medium concern. ## Financial snapshot (₹ crore unless stated; standalone) | | FY24 | FY25 | FY26 | |---|---:|---:|---:| | Sales | 87 | 88 | 100 | | Sales growth | – | 1.1% | 14.0% | | Operating profit | 4.1 | 7.1 | 10 | | Operating margin | 4.8% | 8.1% | 10.2% | | Net profit | 3.3 | 5.1 | 7.7 | | Net margin | 3.8% | 5.9% | 7.7% | | Net worth | 25 | 22 | 48 | | Borrowings | 2.0 | 3.6 | 9.4 | | Return on equity | 13.2% | 23.4% | 16.1% | ## Non-recurring items (as described by management) - Liability written back of ₹ (34.11) lakhs was attributable to the difference in cash flow for FY 2023-24. (p.264) ## Use of proceeds (fresh issue) - Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company: ₹7.0 crore - Investment in Subsidiary: ₹1.4 crore - To meet working capital requirements: ₹19 crore - General Corporate Purpose#: amount not fixed yet ## Fact-checked claims - **MEDIUM** (LitigationStatus): There are two outstanding indirect tax (GST) matters, including a show cause notice for non-filing of GST returns and an assessment order for non-filing of GSTR-3B returns.. One search result corroborates the existence of GST proceedings involving the promoter, reporting an aggregate amount of Rs 1.7546 crore in such proceedings. However, the search results do not specifically confirm the exact nature of the two mentioned matters (show cause notice and assessment order for GSTR-3B) as described in the claim. - **MEDIUM** (SubsidiaryPerformance): Clause I of the Memorandum of Association was amended on February 17, 2026, to change the company's name from “Eventions Private Limited” to “Eventions Limited” following its conversion to a public limited company.. One search result suggests that Eventions Limited was incorporated as Eventions Private Limited on December 15, 2020, and converted to a public company in February 2026. This partially aligns with the claim regarding a name change following a conversion, but it does not explicitly confirm the specific date of the name change mentioned in the DRHP clause. - **MEDIUM** (RegulatoryAction): The Issue is being made under Regulation 229(2) of Chapter IX of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 via the book building process.. The search results confirm that Eventions Limited has filed a Draft Red Herring Prospectus (DRHP) for an initial public offering (IPO), which is relevant to the claim about the issue process. However, the search results do not explicitly mention the specific regulation cited (Regulation 229(2) of Chapter IX of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018) or the book building process in relation to the filing. - **MEDIUM** (RegulatoryAction): The Issue is being made in terms of Regulation 229 (2) of Chapter IX of SEBI (ICDR) Regulations, 2018, for companies with post-issue paid-up capital between ten and twenty-five crore rupees.. The search results confirm that Eventions Limited has filed a DRHP and is involved in an IPO, with one result mentioning a fresh issue amount of ₹27.20 crore. However, the search results do not explicitly state the post-issue paid-up capital figure to directly verify the ten to twenty-five crore rupee range mentioned in the claim. - **MEDIUM** (LitigationStatus): There is an outstanding demand totalling Rs. 53,62,080 including default of TDS for the years 2025-26, 2024-25, 2023-24, and 2022-23.. The search results mention GST proceedings involving the promoter with an aggregate amount, but none directly corroborate the specific outstanding demand figure mentioned in the DRHP claim (Rs. 53,62,080 including default of TDS for four specific years). - **MEDIUM** (LitigationStatus): The pending consumer case has a next hearing date of October 1, 2026.. The search results mention a consumer complaint involving Eventions, but none of the provided snippets specify a next hearing date of October 1, 2026 for a pending case. One result mentions a consumer complaint over a Bali trip, but this does not confirm the specific date mentioned in the DRHP claim. - **LOW** (SubsidiaryPerformance): Travel-related services were transitioned to a subsidiary, Gantu Online Private Limited, which operates in the business-to-consumer (B2C) segment.. The search results corroborate the claim by stating that the subsidiary, Gantu Online Private Limited, focuses on B2C travel and customized travel experiences. This aligns with the claim that the services were transitioned to a subsidiary operating in the B2C segment. - **LOW** (LitigationStatus): A show cause notice for FY 2017–18 proposed a demand of ₹9,18,940 concerning excess and ineligible input tax credit, which resulted in a final demand of ₹9,64,886.. One search result mentions that Eventions reported Rs 1.7546 crore in promoter GST proceedings, which is related to GST proceedings involving the promoter, but it does not specifically corroborate the exact figures mentioned in the claim regarding the show cause notice demand and final demand for FY 2017-18. - **LOW** (LitigationStatus): A scrutiny notice in Form GST ASMT-10 was issued for FY 2019-20, leading to a show cause notice proposing a demand of ₹88,74,249, which was subsequently confirmed by an order proposing a final demand of ₹69,84,817, currently under appeal.. The search results mention GST proceedings involving the promoter with an aggregate amount, but they do not specifically corroborate the exact figures or details mentioned in the DRHP claim regarding the scrutiny notice, show cause notice, and final demand amounts for FY 2019-20. - **NONE** (PromoterBackground): The Promoters have entered into a non-compete agreement with respect to Eventions (Proprietorship) due to its engagement in a similar line of business.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that the promoters have entered into a non-compete agreement with respect to Eventions (Proprietorship). - **NONE** (PromoterBackground): Mrs. Kirat Ahluwalia holds 36,450 equity shares, representing 0.41% of the pre-issue paid-up Equity Share capital.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Mrs. Kirat Ahluwalia holds 36,450 equity shares representing 0.41% of the pre-issue paid-up Equity Share capital. - **NONE** (PromoterBackground): Mrs. Kirat Ahluwalia is the Non-Executive Director of the Company.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that Mrs. Kirat Ahluwalia is the Non-Executive Director of Eventions Limited. ## Common questions ### How big is the Eventions Limited IPO? Eventions Limited's IPO comprises a fresh issue of 32,30,400 shares, according to its Red Herring Prospectus. The price band is ₹112.00 to ₹118.00 per share. ### What are Eventions Limited's revenue and profit? Eventions Limited reported revenue from operations of ₹100 Cr in FY26, +14.0% versus FY25. Net profit was ₹7.7 Cr (FY25: ₹5.1 Cr). Revenue grew at a compound rate of 7.3% a year from FY24 to FY26. Figures are read from the RHP, as printed there. ### How much do promoters own in Eventions Limited? Promoters hold 99.4% of Eventions Limited before the IPO. Largest holders listed: Grand Total (A+B) (100.0%); Mr. Ravi Rajak (50.0%); Mr. Cristoo Arora (49.0%). ### How will Eventions Limited use the IPO money? The fresh-issue proceeds are earmarked for: Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company (₹7.0 Cr); Investment in Subsidiary (₹1.4 Cr); To meet working capital requirements (₹19 Cr); General Corporate Purpose (amount not fixed yet). ### What are the red flags in Eventions Limited's RHP? We fact-checked 40 claims from the filing against the open web: 0 raised a high concern, 6 medium and 3 low. The most notable: One search result corroborates the existence of GST proceedings involving the promoter, reporting an aggregate amount of Rs 1.7546 crore in such proceedings.… One search result suggests that Eventions Limited was incorporated as Eventions Private Limited on December 15, 2020, and converted to a public company in… The search results confirm that Eventions Limited has filed a Draft Red Herring Prospectus (DRHP) for an initial public offering (IPO), which is relevant to… This is an automated screen, not a verdict; each finding links to its sources. ### What does Eventions Limited do? Here’s a detail about the IPO of Eventions Limited that almost nobody notices: one search result points to GST proceedings against the promoter, totaling about 1.75 crore rupees. But here’s the catch—the search results don't even confirm what those proceedings actually were. ### Who manages the Eventions Limited IPO? Book running lead managers: Corporate Professionals Capital Private Limited. Registrar to the offer: Mudra RTA Ventures Private Limited. Shares are proposed to list on NSE. ### Where can I read the original Eventions Limited IPO documents? All 1 filing for Eventions Limited (RHP) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [Eventions Limited](https://nsearchives.nseindia.com/content/ipo/RHP_EVENTIONS.zip) (Red Herring Prospectus, filed 30 Sep 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.