Ventive Hospitality IPO:- The Ventive Hospitality IPO has garnered significant interest among investors, given its luxury hospitality focus and backing from global brands. This article provides a detailed analysis of the IPO, including key dates, price band, GMP (Grey Market Premium), review, and essential insights for prospective investors.
Ventive Hospitality IPO
Ventive Hospitality Limited is launching its IPO with an issue size of ₹1,600.00 crores, comprising a fresh issue of 2.49 crore shares. The price band for the IPO is set between ₹610 to ₹643 per share, with a minimum lot size of 23 shares requiring a minimum investment of ₹14,789. The IPO opened for subscription on December 20, 2024, and closed on December 24, 2024.
The allotment is expected to be finalized on December 26, 2024, and the shares are tentatively scheduled to list on December 30, 2024, on both BSE and NSE. Lead managers for the IPO include JM Financial, Axis Capital, Kotak Mahindra Capital, SBI Capital, and others. Ventive Hospitality plans to use the proceeds for debt repayment, funding subsidiaries, and general corporate purposes, aiming to strengthen its premium hospitality portfolio across key locations.
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Ventive Hospitality IPO Overview
The Ventive Hospitality IPO is a book-built issue amounting to ₹1,600 crore, consisting entirely of a fresh issue of 2.49 crore shares. The IPO aims to strengthen the company’s financial position and support its growth strategy.
| Article for | Ventive Hospitality IPO |
| IPO Date | December 20, 2024 – December 24, 2024 |
| Listing Date | December 30, 2024 |
| Price Band | ₹610 – ₹643 per share |
| Lot Size | 23 shares |
| Minimum Investment | ₹14,789 (Retail Investors) |
| Total Issue Size | ₹1,600 crore |
| Registrar | KFin Technologies Limited |
| Lead Managers | JM Financial, Axis Capital, HSBC Securities, and others |
| Category | Finance |
IPO Reservation and Share Allocation
| Category | Shares Reserved | % of Issue | Maximum Allottees |
|---|---|---|---|
| Anchor Investors | 1,11,90,513 | 44.97% | NA |
| QIB | 74,60,342 | 29.98% | NA |
| NII (HNI) | 37,30,171 | 14.99% | 11,584 |
| Retail Investors | 24,86,781 | 9.99% | 1,08,120 |
| Employees | 16,313 | 0.07% | NA |
Ventive Hospitality IPO Lot Size and Investment Details
| Category | Minimum Shares | Investment (₹) | Maximum Shares | Investment (₹) |
|---|---|---|---|---|
| Retail | 23 | ₹14,789 | 299 | ₹1,92,257 |
| sNII | 322 | ₹2,07,046 | 1,541 | ₹9,90,863 |
| bNII | 1,564 | ₹10,05,652 | NA | NA |
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Company Overview: Ventive Hospitality Limited
Incorporated in 2002, Ventive Hospitality Limited specializes in premium hospitality assets in India and the Maldives. The company’s portfolio includes 11 operational luxury hotels and resorts with 2,036 keys as of September 30, 2024, operated by renowned global brands like Marriott, Hilton, and Atmosphere.
Competitive Strengths
- Strong presence in prime locations such as Pune, Bengaluru, and the Maldives.
- Robust track record of asset development and acquisitions.
- Managed by experienced promoters and a professional team.
Objects of the Issue
The company aims to utilize the proceeds for:
- Repayment/prepayment of certain borrowings.
- Investment in step-down subsidiaries for interest payment.
- General corporate purposes.
Financial Performance
| Metrics | Sep 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|
| Revenue (₹ Cr.) | 875.9 | 1,907.38 | 1,762.19 | 1,197.61 |
| PAT (₹ Cr.) | -137.83 | -66.75 | 15.68 | -146.2 |
| Net Worth (₹ Cr.) | 3,665.83 | 3,657.15 | 3,441.39 | – |
| Total Borrowings (₹ Cr.) | 3,682.13 | 3,599.66 | 3,291.07 | – |
Grey Market Premium (GMP)
As of the latest updates, the Ventive Hospitality IPO GMP reflects moderate market interest. Investors are advised to monitor GMP trends closely, as they provide an indication of market sentiment.
Ventive Hospitality IPO Review
The IPO presents an opportunity to invest in a premium hospitality company with high-end assets. However, losses in recent financial years and high valuation make it suitable primarily for long-term investors with a high-risk appetite.
- Positives:- Strong asset portfolio and global brand affiliations. Strategic locations with high growth potential.
- Concerns:- Recent financial losses and aggressive pricing. High debt levels.
Ventive Hospitality IPO Subscription Status
On the final day of bidding (December 24, 2024), the IPO was subscribed 2.78 times, with significant interest from retail investors (3.3x) and NII (4.9x).
Conclusion
The Ventive Hospitality IPO is an attractive option for long-term investors who believe in the potential of India’s hospitality industry. While the pricing appears aggressive, the company’s premium assets and experienced management team could drive future growth.
Investors are advised to review the Red Herring Prospectus (RHP) and consult their financial advisors before making an investment.
FAQ’s
What is the issue size of the Ventive Hospitality IPO?
The Ventive Hospitality IPO is a book-built issue with a total size of ₹1,600.00 crores, comprising a fresh issue of 2.49 crore shares.
When does the Ventive Hospitality IPO open and close for subscription?
The IPO opened for subscription on December 20, 2024, and closed on December 24, 2024.
What is the price band of the Ventive Hospitality IPO?
The price band for the IPO is set between ₹610 to ₹643 per share.
What is the lot size for the Ventive Hospitality IPO?
The minimum lot size is 23 shares, with a minimum investment of ₹14,789 for retail investors.
When will the allotment of Ventive Hospitality IPO shares be finalized?
The allotment is expected to be finalized on Thursday, December 26, 2024.
What is the tentative listing date for Ventive Hospitality IPO?
The shares are tentatively set to list on Monday, December 30, 2024, on both BSE and NSE.
What is the subscription status of the Ventive Hospitality IPO?
The IPO was subscribed 2.78 times overall as of December 24, 2024. This includes:
- 3.3 times in the retail category
- 1.53 times in the QIB category
- 4.7 times in the NII category
Where can I find detailed information about the IPO?
You can refer to the Red Herring Prospectus (RHP) or visit the official websites of the lead managers for detailed information.
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