Ventive Hospitality IPO - Day 1 Subscription at 0.06 Times

The opening day of Ventive Hospitality's initial public offering has demonstrated measured investor participation, with overall subscription reaching 0.06 times by 11:59 AM on December 20, 2024. This initial response reflects the market's careful evaluation of one of India's leading luxury hospitality companies, which operates prestigious properties including JW Marriott and The Ritz-Carlton in key locations across India and the Maldives.

Ventive Hospitality IPO retail segment has shown relatively stronger early interest with 0.29 times subscription, while Non-Institutional Investors have demonstrated selective participation at 0.04 times, with slightly higher interest from smaller NIIs at 0.06 times compared to larger NIIs at 0.03 times. While the QIB portion is yet to see significant participation, this should be viewed in the context of the substantial anchor book of ₹719.55 crores, which provides strong institutional validation of the company's premium hospitality portfolio and growth strategy.

Subscription Status of Ventive Hospitality IPO :

*As of 11:59 AM

Here are the subscription details for Ventive Hospitality IPO as of Day 1 (20th December 2024, 11:59 AM):

Total Applications: 26,317

Ventive Hospitality IPO Key Highlights Day 1:

• Overall subscription began at 0.06 times, reflecting measured initial assessment
• Retail investors showed early interest with 0.29 times subscription, worth ₹46.356 crores
• NII category demonstrated selective participation at 0.04 times
• Strong anchor book of ₹719.55 crores provides substantial institutional backing
• Total bids received for 8.73 lakh shares worth ₹56.146 crores
• Applications reached 26,317, indicating careful market evaluation
• Opening day response reflects methodical assessment of luxury hospitality sector
• Initial subscription pattern suggests thorough evaluation of growth prospects

About Ventive Hospitality Limited:

Established in February 2002, Ventive Hospitality Limited has emerged as a significant player in India's luxury hospitality sector, focusing on developing and managing high-end hotels and resorts. Their portfolio encompasses 11 operational hospitality assets across India and the Maldives, totaling 2,036 keys in various upscale segments.

The company's strategic partnerships with global operators such as Marriott, Hilton, Minor, and Atmosphere have enabled them to establish a strong presence in prime locations. Their assets include prestigious properties like JW Marriott and The Ritz-Carlton in Pune, Conrad and Anantara in the Maldives. With 2,791 permanent employees and 632 contract personnel as of September 2024, they have demonstrated capability in operating luxury properties, though their financial performance shows some volatility with revenue growth of 8% but a PAT decline in FY2024.

Highlights of the Ventive Hospitality IPO:

• IPO type: Book Built Issue
• IPO size: ₹1,600.00 crores
• Fresh Issue: 2.49 crore shares
• Face value: ₹1 per share
• Price band: ₹610 to ₹643 per share
• Lot size: 23 shares
• Minimum investment for retail investors: ₹14,789
• Minimum investment for sNII: ₹2,07,046 (14 lots)
• Minimum investment for bNII: ₹10,05,652 (68 lots)
• Employee discount: ₹30 per share
• Listing at: BSE, NSE
• IPO opens: December 20, 2024
• IPO closes: December 24, 2024
• Allotment date: December 26, 2024
• Refund initiation: December 27, 2024
• Credit of shares: December 27, 2024
• Listing date: December 30, 2024
• Lead Managers: JM Financial Limited, Axis Capital Limited, HSBC Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, IIFL Securities Ltd, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited
• Registrar: Kfin Technologies Limited

The initial day's subscription pattern suggests a thoughtful market approach to evaluating Ventive Hospitality's position in the premium hospitality sector, with investors carefully assessing both the opportunities and challenges in the luxury hotel market.