Ventive Hospitality IPO
- Status: Closed
-
₹
14,030
/
23
shares
Minimum Investment
IPO Details
- Open Date
20 Dec 2024
- Close Date
24 Dec 2024
- IPO
Price Range
₹ 610 to ₹ 643
- IPO
Size
₹ 1600.00 Cr
- Listing Exchange
BSE, NSE
- Listing Date
30 Dec 2024
IPO Timeline
Ventive Hospitality IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 20-Dec-24 | 1.11 | 0.1 | 0.65 | 0.75 |
| 23-Dec-24 | 1.28 | 1.13 | 5.23 | 1.35 |
| 24-Dec-24 | 9.58 | 14.6 | 6.19 | 10.33 |
Last Updated: 24 December 2024 6:05 PM by 5Paisa
Ventive Hospitality IPO is set to open on 20 December 2024 and will close on 24 December 2024. Ventive Hospitality focuses on high-end luxury hotels and resorts in business and leisure segments.
The IPO is an entirely fresh issue of 1,600.00 Cr shares, aggregating to ₹1,600.00 Cr. The price range is set at ₹610 to ₹643 per share and the lot size is 23 shares.
The allotment is scheduled to be finalised on 26 December 2024. It will go public on BSE NSE, with a tentative listing date of 30 December 2024.
JM Financial Ltd, Axis Capital Ltd, HSBC Securities & Capital Markets Pvt Ltd, ICICI Securities Ltd, IIFL Securities Ltd, Kotak Mahindra Capital Company Ltd, SBI Capital Markets Ltd are the book running lead managers, while Kfin Technologies Ltd is the registrar.
Ventive Hospitality IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹1600.00 Cr. |
| Offer For Sale | - |
| Fresh Issue | ₹1600.00 Cr. |
Ventive Hospitality IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | 14,030 |
| Retail (Max) | 13 | 299 | 182,390 |
| S-HNI (Min) | 14 | 322 | 196,420 |
| S-HNI (Max) | 67 | 1,541 | 940,010 |
| B-HNI (Min) | 68 | 1,564 | 954,040 |
Ventive Hospitality IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 9.58 | 74,60,342 | 7,14,41,565 | 4,593.693 |
| NII (HNI) | 14.6 | 37,30,171 | 5,44,71,935 | 3,502.545 |
| Retail | 6.19 | 24,86,781 | 1,53,84,861 | 989.247 |
| Total** | 10.33 | 1,36,93,606 | 14,14,62,029 | 9,096.008 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
Ventive Hospitality IPO Anchor Allocation
| Anchor Bid Date | 19 December, 2024 |
| Shares Offered | 1,11,90,513 |
| Anchor portion Size (In ₹ Cr.) | 719.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | 25 January, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | 26 March, 2025 |
1. Repayment/prepayment of borrowings including accrued interest, and funding step-down subsidiaries with interest payments through investments,
2. General corporate purposes.
Ventive Hospitality Limited focuses on high-end luxury hotels and resorts in business and leisure segments. With 11 assets in India and the Maldives (2,036 keys), it partners with global operators like Marriott and Hilton. Strengths include premium assets, growth through acquisitions, expert management, and industry tailwind opportunities.
Established in: 2002
Executive Director: Mr. Atul I. Chordia
Peers
Chalet Hotels Ltd
Samhi Hotels Ltd
Juniper Hotels Ltd
The Indian Hotels Company Ltd
EIH Limited
Lemon Tree Hotels Ltd
Apeejay Surrendra Park Hotels Ltd
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 1,197.61 | 1,762.19 | 1,907.38 |
| EBITDA | 124.60 | 250.09 | 300.56 |
| PAT | -146.20 | 15.68 | -66.75 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Total Assets | 8,010.41 | 8,606.17 | 8,794.10 |
| Share Capital | 10.44 | 10.44 | 10.71 |
| Total Borrowings | 3,291.07 | 3,599.66 | 3,682.13 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 128.89 | 215.22 | 265.06 |
| Net Cash Generated From / (used in) investing activities | -40.81 | 10.80 | -198.12 |
| Net Cash Generated From / (used in) financing activities | -83.36 | -219.45 | -57.05 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 4.72 | 6.58 | 9.89 |
Strengths
1. Premium hospitality assets located in prime areas and top tourist destinations.
2. Strong partnerships with global operators like Marriott, Hilton, and Minor Group.
3. Proven expertise in development and acquisition-led growth across India and the Maldives.
4. Experienced promoters and management team with global and local industry expertise.
5. Well-positioned to capitalize on increasing demand for luxury business and leisure accommodations.
Risks
1. Dependence on global operators for branding and operational expertise limits independent decision-making.
2. High reliance on the Maldives market exposes the company to geographic concentration risks.
3. Significant debt obligations could impact future expansion and operational flexibility.
4. Seasonal demand fluctuations affect occupancy rates and overall profitability in certain locations.
5. Competitive pressures from emerging hospitality brands challenge market share in upscale segments.
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FAQs
Ventive Hospitality IPO opens from 20 December to 24 December 2024.
The size of Ventive Hospitality IPO is ₹1,600.00 Cr.
The price of Ventive Hospitality IPO is fixed at ₹610 to ₹643 per share.
To apply for Ventive Hospitality IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Ventive Hospitality IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Ventive Hospitality IPO is 23 shares and the investment required is ₹14,030.
The share allotment date of Ventive Hospitality IPO is 26 December 2024
The Ventive Hospitality IPO will be listed on 30 December 2024.
JM Financial Ltd, Axis Capital Ltd, HSBC Securities & Capital Markets Pvt Ltd, ICICI Securities Ltd, IIFL Securities Ltd, Kotak Mahindra Capital Company Ltd, SBI Capital Markets Ltd are the book running lead managers for Ventive Hospitality IPO.
Ventive Hospitality plans to utilise the raised capital from the IPO for:
1. Repayment/prepayment of borrowings including accrued interest, and funding step-down subsidiaries with interest payments through investments,
2. General corporate purposes.
Contact Information
Ventive Hospitality
Ventive Hospitality Limited
2nd Floor, Tower D, Tech Park One
Yerwada
Pune, 411006
Phone: +91 2069061900
Email: CS@ventivehospitality.com
Website: https://www.ventivehospitality.com/
Ventive Hospitality IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ventive.ipo@sbicaps.com
Website: https://kosmic.kfintech.com/ipostatus/
Ventive Hospitality IPO Lead Manager
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