Ventive Hospitality IPO - Day 3 Subscription at 1.51 Times

.Ventive Hospitality's initial public offering (IPO) has received strong investor interest over the three-day period. The IPO witnessed steady growth in demand, with subscription rates progressing from 0.75 times on day one, to 1.35 times on day two, and reaching 1.51 times by 10:24 AM on the final day.

Ventive Hospitality IPO, which opened on 20th December 2024, has seen robust participation across categories. The Employee portion has shown exceptional interest at 5.68 times, while Retail Investors achieved 2.1 times subscription. The Non-Institutional Investors reached 1.54 times and QIB portion stands at 1.28 times.

This strong response comes amid positive sentiment in the Indian stock market, particularly towards companies in the hospitality sector.
 

Subscription Status of Ventive Hospitality IPO:

*As of 10:24 AM

Here are the subscription details for Ventive Hospitality IPO as of Day 3 (24th December 2024, 10:24 AM):

Total Applications: 2,06,402

Key Highlights Ventive Hospitality IPO

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portion of anchor investors is not included in the total shares offered.
• Overall subscription reached 1.51 times on the final day
• Employee portion leading with exceptional 5.68 times subscription
• Retail investors showed strong interest with 2.10 times subscription
• Non-Institutional Investors achieved 1.54 times subscription
• QIB portion maintained at 1.28 times
• Large NII segment reached 1.59 times subscription
• Small NII segment achieved 1.44 times subscription
• Total bids worth ₹1,326.841 crores received
• Applications reached 2,06,402 showing broad-based interest

Ventive Hospitality IPO - Day 2 Subscription at 1.35 Times

Key Highlights

• Overall subscription improved to 1.35 times
• Employee portion showed strong interest at 5.25 times
• Retail investors crossed full subscription at 1.86 times
• Non-institutional investors achieved 1.13 times
• QIB portion reached 1.28 times
• Market response indicated growing confidence
• All segments showed significant improvement
• Both NII categories crossed full subscription
• Day two demonstrated robust momentum

Ventive Hospitality IPO - Day 1 Subscription at 0.75 Times

Key Highlights:

• Overall subscription opened at 0.75 times
• QIB portion started strong at 1.11 times
• Retail investors began with 0.65 times subscription
• Non-institutional investors started at 0.10 times
• Employee portion awaiting participation
• Opening day showed selective interest
• Initial momentum indicating careful evaluation
• Market response suggesting measured approach
• Small NII segment showing early interest

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.