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Ventive Hospitality IPO is a book build issue of ₹1,600.00 crores. The issue is entirely a fresh issue of 2.49 crore shares of ₹1,600.00 crore.
Ventive Hospitality IPO bidding started from Dec 20, 2024 and ended on Dec 24, 2024. The allotment for Ventive Hospitality IPO was finalized on Dec 26, 2024. The shares got listed on BSE, NSE on Dec 30, 2024.
Ventive Hospitality IPO price band is set at ₹643.00 per share . The lot size for an application is 23. The minimum amount of investment required by an retail is ₹14,030 (23 shares). The lot size investment for sNII is 14 lots (322 shares), amounting to ₹2,07,046, and for bNII, it is 68 lots (1,564 shares), amounting to ₹10,05,652.
The issue includes a reservation of up to 16,313 shares for employees offered at a discount of ₹30.00 to the issue price.
JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Ventive Hospitality IPO RHP for detailed Information.
| IPO Date | December 20, 2024 to December 24, 2024 |
| Listing Date | December 30, 2024 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹610 to ₹643 per share |
| Issue Price Final | ₹643 per share |
| Lot Size | 23 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 2,48,83,778 shares (aggregating up to ₹1,600.00 Cr) |
| Employee Discount | ₹30.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 20,86,57,830 shares |
| Share Holding Post Issue | 23,35,41,188 shares |
Ventive Hospitality IPO offers total 2,48,84,120 shares. Out of which 1,86,50,856 (74.95%) allocated to QIB, 74,60,343 (29.98%) allocated to QIB, 37,30,171 (14.99%) allocated to NII, 24,86,780 (9.99%) allocated to RII and 1,11,90,513 (44.97%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,86,50,856 (74.95%) | NA |
| − Anchor Investor Shares Offered | 1,11,90,513 (44.97%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 74,60,343 (29.98%) | NA |
| NII (HNI) Shares Offered | 37,30,171 (14.99%) | NA |
| − bNII > ₹10L | 24,86,781 (9.99%) | 7,722 |
| − sNII < ₹10L | 12,43,390 (5.00%) | 3,861 |
| Retail Shares Offered | 24,86,780 (9.99%) | 1,08,120 |
| Employee Shares Offered | 16,313 (0.07%) | NA |
| Total Shares Offered | 2,48,84,120 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Ventive Hospitality IPO raises ₹719.55 crore from anchor investors. Ventive Hospitality IPO Anchor bid date is December 19, 2024. Ventive Hospitality IPO Anchor Investors list
| Bid Date | December 19, 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) | January 24, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 25, 2025 |
Ventive Hospitality IPO opens on December 20, 2024, and closes on December 24, 2024.
| IPO Open Date | Fri, Dec 20, 2024 |
| IPO Close Date | Tue, Dec 24, 2024 |
| Tentative Allotment | Thu, Dec 26, 2024 |
| Initiation of Refunds | Fri, Dec 27, 2024 |
| Credit of Shares to Demat | Fri, Dec 27, 2024 |
| Tentative Listing Date | Mon, Dec 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Dec 24, 2024 |
Investors can bid for a minimum of 23 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,789 |
| Retail (Max) | 13 | 299 | ₹1,92,257 |
| S-HNI (Min) | 14 | 322 | ₹2,07,046 |
| S-HNI (Max) | 67 | 1,541 | ₹9,90,863 |
| B-HNI (Min) | 68 | 1,564 | ₹10,05,652 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in February 2002, Ventive Hospitality Limited is in the hospitality business, primarily focusing on business and leisure segments. 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.
The company's hospitality assets are operated by or franchised by global operators such as Marriott, Hilton, Minor and Atmosphere.
The company's hotels are located in prime areas like Pune and Bengaluru, popular tourist spots such as the Maldives, and significant spiritual and cultural centres like Varanasi.
The company's pre-acquisition luxury hospitality asset comprises JW Marriott, Pune, and its post-acquisition luxury hospitality assets comprise JW Marriott, Pune, The Ritz-Carlton, Pune, Conrad, Maldives, Anantara, Maldives and Raaya by Atmosphere, Maldives.
As of September 30, 2024, the company had 2,791 permanent employees and employed 632 personnel on a contract basis across its hospitality assets.
Competitive Strengths
Ventive Hospitality Limited's revenue increased by 8% and profit after tax (PAT) dropped by -526% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 8,794.1 | 8,606.17 | 8,010.41 | |
| Total Income | 875.9 | 1,907.38 | 1,762.19 | 1,197.61 |
| Profit After Tax | -137.83 | -66.75 | 15.68 | -146.2 |
| Net Worth | 3,665.83 | 3,657.15 | 3,441.39 | |
| Total Borrowing | 3,682.13 | 3,599.66 | 3,291.07 | |
| Amount in ₹ Crore | ||||
The market capitalization of Ventive Hospitality IPO is ₹15016.70 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| RoNW | -1.82% |
| Price to Book Value | 3.66 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | -3.20 | -11.80 |
| P/E (x) | -201.01 | -54.48 |
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards the funding of the following objects:
[Dilip Davda] The company is one of the leading hospitality segment player with luxury and upper upscale and upscale offerings under marquee global brands. While the company has posted steady growth in its revenues, it has marked losses for the reported periods. Based on its recent financial performance, the issue appears aggressively priced. It is a pure long term story of growth post every plans are in place. Well-informed investors may park funds for long term. Read detail review...
| Listing Date | December 30, 2024 |
| BSE Script Code | 544321 |
| NSE Symbol | VENTIVE |
| ISIN | INE781S01027 |
| Final Issue Price | ₹643 per share |
| NSE Listing Group | EQ |
| BSE Listing Group | B |
Ventive Hospitality Ltd.
2 nd Floor, Tower D, Tech Park One
Yerwada
Pune, 411006
Pune, Maharashtra
Phone: +91 2069061900
Email: CS@ventivehospitality.com
Website: https://www.ventivehospitality.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: ventive.ipo@sbicaps.com
Website: https://ipostatus.kfintech.com/
Lead Manager Reports
Ventive Hospitality IPO is a main-board IPO of 2,48,83,778 equity shares of the face value of ₹1 aggregating up to ₹1,600.00 Crores. The issue is priced at ₹643 per share. The minimum order quantity is 23.
The IPO opens on December 20, 2024, and closes on December 24, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Ventive Hospitality IPO using UPI as a payment gateway. Zerodha customers can apply in Ventive Hospitality IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ventive Hospitality IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ventive Hospitality IPO opens on December 20, 2024 and closes on December 24, 2024.
Ventive Hospitality IPO lot size is 23, and the minimum amount required for application is ₹14,789.
You can apply in Ventive Hospitality IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ventive Hospitality IPO will be done on Thursday, December 26, 2024, and the allotted shares will be credited to your demat account by Friday, December 27, 2024. Check the Ventive Hospitality IPO allotment status.
The Ventive Hospitality IPO listing date is on Monday, December 30, 2024.
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