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IPO

V

₹14,789 / 23 shares

RHP/DRHP

Issue Date

--

Price Range

₹610 - ₹643

Lot Size

23

IPO Size

₹1600.03 Cr

Ventive Hospitality IPO Listing Details

Listing On

30 Dec'24

Issue Price

₹643

Listed Price

₹ 716

Retail Gain/Listing Gain

11.35%

Schedule of Ventive Hospitality IPO

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

30/12/2024

Ventive Hospitality Limited is an IPO of ₹1600 crores. It consists of an offer for sale which is entirely a fresh issue of ₹2.49 crore shares. The IPO opening date is Dec 20, 2024 and the closing date is Dec 24, 2024. The shares will be allotted on Dec 26, 2024. They will be credited to the demat account on Dec 27, 2024. The refunds will be initiated on Dec 27, 2024.

Repayment/prepayment, in part or full, of certain of borrowings availed by the:

  • Company including payment of interest accrued thereon; and
  • Step- down Subsidiaries namely SS & L Beach Private Limited and Maldives Property Holdings Private Limited, including the payment of interest thereon through investment in such step-down subsidiaries

India’s travel and tourism sector contributed ₹19.1 trillion to GDP in 2023 and is expected to grow significantly by 2034. The Maldives also witnessed robust tourism growth, attracting 1.9 million foreign tourists in 2023.

Incorporated in February 2002, Ventive Hospitality Limited, a hospitality business, has announced their IPO! The company primarily focuses on developing and managing high-end luxury hotels and resorts. As of September 30, 2024, the company has 11 operational hospitality assets in India and the Maldives, with 2,036 keys across various upscale segments.
Ventive Hospitality IPO Review | IPO Issue Details | Must Watch Key Highlights

Kotak Securities

3m 06s

Ventive Hospitality Limited is a prominent hospitality asset owner, managing luxury offerings across India and Maldives. The company focuses on both leisure and business segments with an extensive portfolio of high-end hotels.

Geographic Concentration: Heavy reliance on assets in Pune and Maldives. Brand Dependence: Partnerships with Marriott and Hilton account for over 78% of keys. Seasonality: Hospitality revenues are subject to cyclical and seasonal trends

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The anchor investor bidding will start on Dec 19, 2024.
IPO Registrar and Book Running Lead Managers

Book running Lead managers:

JM Financial Limited
Axis Capital Limited
HSBC Securities and Capital Markets (India) Private Limited
ICICI Securities Limited
IIFL Capital Services Limited
Kotak Mahindra Capital Company Limited
SBI Capital Markets Limited

Registrar for the IPO is Kfin Technologies Limited

Hotel Operations: Revenue from room bookings, food, and beverages
Rental Income: Leasing Grade A office and retail spaces
Property Development: Creating integrated hospitality-led developments

Revenue Growth: From ₹229.17 crores in FY24 to ₹477.98 crores in 2024. PAT: Increased from ₹29.43 crores in FY24 to a profit of ₹1663.17 crores for the same period

Ventive Hospitality Limited is a prominent hospitality asset owner, managing luxury offerings across India and Maldives. The company focuses on both leisure and business segments with an extensive portfolio of high-end hotels.

You can check the allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar — Link InTime India Pvt Ltd. To check the status on the BSE website:

  • Visit the BSE website
  • Click on “Investor Services” and choose “Application Status Check”
  • Choose the issue type — Equity or Debt (Equity in this case)
  • Select the Issue Name from the drop-down. The issue name is the company’s name, which is Ventive Hospitality Limited.
  • Enter your application number or PAN number
  • Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

Follow these steps to know the allotment status on the registrar’s website:

  • Visit the Link Intime website
  • Choose “Public Issues” from the “Investor Services” drop-down
  • Select Ventive Hospitality Ltd from the drop-down
  • Enter your PAN number or Application number
  • Click on “Submit” to know the allotment status
Apply for Ventive Hospitality IPO