Bookbuilding IPO | ₹1,600 Cr | Listed at BSE, NSE | Fri, Dec 20, 2024 - Tue, Dec 24, 2024
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 per share. The lot size for an application is 23. The minimum amount of investment required by an retail is ₹14,789 (23 shares) (based on upper price). 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 Open
Fri, Dec 20, 2024
IPO Close
Tue, Dec 24, 2024
Issue Price
₹643 per share
Market Cap (Pre-IPO)
₹15,016.70 Cr
| IPO Date | 20 to 24 Dec, 2024 |
| Listed on | Mon, Dec 30, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹610 to ₹643 |
| Issue Price | ₹643 per share |
| Lot Size | 23 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹30.00 |
| Total Issue Size | 2,48,83,778 shares (agg. up to ₹1,600 Cr) |
| Fresh Issue | 2,48,83,778 shares (agg. up to ₹1,600 Cr) |
| Share Holding Pre Issue | 20,86,57,830 shares |
| Share Holding Post Issue | 23,35,41,188 shares |
| BSE Script Code / NSE Symbol | 544321 / VENTIVE |
| ISIN | INE781S01027 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 23 shares and in multiples thereof.
| 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 |
Ventive Hospitality IPO raises ₹719.55 crore from anchor investors. Ventive Hospitality IPO Anchor bid date is December 19, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Dec 19, 2024 |
| Shares Offered | 1,11,90,513 |
| Anchor Portion (₹ Cr.) | 719.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jan 24, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Mar 25, 2025 |
| 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 |
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
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 8,794.10 | 8,606.17 | 8,010.41 | |
| Total Income | 875.90 | 1,907.38 | 1,762.19 | 1,197.61 |
| Profit After Tax | -137.83 | -66.75 | 15.68 | -146.20 |
| 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment, in part or full, of certain of borrowings availed by: the Company including payment of interest accrued thereon; | 1,400.00 |
| 2 | The company step- down Subsidiaries namely SS & L Beach Private Limited and Maldives Property Holdings Private Limited including payment of interest accrued thereon through investment in such step-down Subsidiaries; | |
| 3 | General corporate purposes | 119.46 |
| KPI | Mar 31, 2024 |
|---|---|
| RoNW | -1.82% |
| PAT Margin | 35.00% |
| Price to Book Value | 3.66 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | -3.20 | -ve |
| P/E (x) | -201.01 | -ve |
| Promoter Holding | 99.59% | 88.98% |
| Market Cap | ₹15,016.70 Cr. |
The Ventive Hospitality IPO is subscribed 10.33 times on December 24, 2024 6:19:09 PM (Day 3). The public issue subscribed 6.19 times in the retail category, 9.58 times in the QIB category, and 14.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 9.58 | 74,60,342 | 7,14,41,565 |
| NII | 14.6 | 37,30,171 | 5,44,71,935 |
| bNII (bids above ₹10L) | 15.86 | 24,86,929 | 3,94,47,415 |
| sNII (bids below ₹10L) | 12.08 | 12,43,242 | 1,50,24,520 |
| Retail | 6.19 | 24,86,781 | 1,53,84,838 |
| Employee | 10.03 | 16,313 | 1,63,668 |
| Total | 10.33 | 1,36,93,606 | 14,14,62,006 |
Total Application : 7,27,669
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission) | 18.88 |
| 2 | Brokerage, Selling Commission, commission and processing fee for SCSBs and Bankers to the Issue and fees payable to the Sponsor Bank(s) for Bids made by UPI Bidders. Brokerage, selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 2.70 |
| 3 | Fees payable to the Registrar to the Issue | 0.18 |
| 4 | Fees payable to advisors, consultants and other parties to the Issue: Auditors, Independent Chartered Accountant, Industry expert, Fee payable to legal counsel & Secretarial, consultancy and others | 40.57 |
| 5 | Others: Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 4.60 |
| 6 | Printing and stationery | 2.33 |
| 7 | Advertising and marketing expenses | 7.08 |
| 8 | Miscellaneous | 4.21 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹643.00 | ₹643.00 |
| Open | ₹718.15 | ₹716.00 |
| Low | ₹701.55 | ₹702.00 |
| High | ₹748.80 | ₹749.00 |
| Last Trade | ₹704.55 | ₹704.35 |
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 Crores. The issue is priced at ₹643 per share. The minimum order quantity is 23.
The IPO opens on Fri, Dec 20, 2024, and closes on Tue, Dec 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 Fri, Dec 20, 2024 and closes on Tue, Dec 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 Fri, Dec 27, 2024. Check the Ventive Hospitality IPO allotment status.
The Ventive Hospitality IPO listing date is on Mon, Dec 30, 2024.
