The Ventive Hospitality IPO is a book-built issue amounting to Rs 1,600.00 crores. The issue consists entirely of a fresh issue of 2.49 crore shares.
The subscription for the Ventive Hospitality IPO is scheduled to open on December 20, 2024, and will close on December 24, 2024. The allotment of shares is expected to be finalized on Thursday, December 26, 2024. The IPO is planned to be listed on BSE and NSE, with the tentative listing date set for Monday, December 30, 2024.
The price band for the Ventive Hospitality IPO has been set between ₹610 to ₹643 per share. The minimum lot size for an application has been fixed at 23 shares. For retail investors, the minimum investment amount required is ₹14,789. The minimum lot size for sNII has been specified as 14 lots (322 shares), amounting to ₹2,07,046, while for bNII, it has been set at 68 lots (1,564 shares), amounting to ₹10,05,652.
Get the Ventive Hospitality IPO RHP for detailed information.
| IPO Date | December 20, 2024 to December 24, 2024 |
| Listing Date | December 30, 2024 |
| Face Value | ₹ 1 / Share |
| Price Band | ₹ 610 to ₹ 643 / Share |
| Lot Size | 23 Shares |
| Total Issue Size | ₹1,600.00 Cr |
| Fresh Issue | ₹1,600.00 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 20,86,57,830 shares |
| Share holding post issue | 23,35,41,188 shares |
| Market Maker portion |
Ventive Hospitality Limited IPO opens on December 20, 2024, and closes on December 24, 2024.
| IPO Open Date | December 20, 2024 |
| IPO Close Date | December 24, 2024 |
| Basis of Allotment | December 26, 2024 |
| Initiation of Refunds | December 27, 2024 |
| Credit of Shares to Demat | December 27, 2024 |
| Listing Date | December 30, 2024 |
| Cut-off time for UPI mandate confirmation | December 24, 2024 |
Bids can be placed by investors for a minimum of 23 shares and in multiples thereafter. The table below illustrates the minimum and maximum investment limits for retail investors and HNIs in terms of the number of shares and the corresponding investment amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | Rs.14,789 |
| Retail (Max) | 13 | 299 | Rs.192,257 |
| S-HNI (Min) | 14 | 322 | Rs.207,046 |
| S-HNI (Max) | 67 | 1,541 | Rs.990,863 |
| B-HNI (Min) | 68 | 1,564 | Rs.1,005,652 |
| HNI (Min) |
| Share Holding Pre Issue | 99.59% |
| Share Holding Post Issue |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not less than 75% of the Net Issue |
|
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not more than 10% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Incorporated in February 2002, Ventive Hospitality Limited operates within the hospitality industry, with a primary focus on the business and leisure segments. The company specializes in the development and management of high-end luxury hotels and resorts.
As of September 30, 2024, 11 hospitality assets are operational across India and the Maldives, comprising 2,036 keys within various upscale segments.
The hospitality assets are operated or franchised by global operators, including Marriott, Hilton, Minor, and Atmosphere.
The company’s hotels are situated in prime locations such as Pune and Bengaluru, popular tourist destinations like the Maldives, and notable spiritual and cultural centers such as Varanasi.
The company’s pre-acquisition luxury hospitality asset includes JW Marriott, Pune, while its post-acquisition luxury assets consist of JW Marriott, Pune; The Ritz-Carlton, Pune; Conrad, Maldives; Anantara, Maldives; and Raaya by Atmosphere, Maldives.
| KPI | Values |
|---|---|
| ROE | |
| ROCE | |
| Debt/Equity | |
| RoNW | -1.82% |
| P/BV | |
| PAT Margin (%) |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | -3.20 | -11.80 |
| P/E (x) | -201.01 | -54.48 |
The Net Proceeds from the Fresh Issue are proposed to be utilized by the Company for the following purposes:
Ventive Hospitality Limited 2 nd Floor, Tower D, Tech Park One Yerwada, Pune, 411006 Phone: +91 2069061900 Email: CS@ventivehospitality.com Website: https://www.ventivehospitality.com/ |
Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: ventive.ipo@sbicaps.com Website: https://kosmic.kfintech.com/ipostatus/ |
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