Ventive Hospitality IPO
- IPO Date20 Dec, 2024 to 24 Dec, 2024
- Listing Date30 Dec, 2024
- Face Value₹1 per share
- Issue Price₹610 to ₹643 per share
- Lot Size23 Shares
- Minimum Investment₹14,789
- Listing AtBSE, NSE
- Total Issue Size2,48,83,358 Shares
(aggregating up to ₹1600.00 Cr) - Fresh Issue2,48,83,358 Shares
(aggregating up to ₹1600.00 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue20,86,57,830
- Shareholding post issue23,35,41,188
IPO Dates
Closing Date
24 Dec, 2024
Initiation of Refunds
27 Dec, 2024
Listing Date
30 Dec, 2024
20 Dec, 2024
Opening Date
26 Dec, 2024
Basis of Allotment
27 Dec, 2024
Credit of Shares
Ventive Hospitality Lot Size
Investors can bid for a minimum of 23 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 14 | 322 | ₹2,07,046 |
| Retail (Min) | 1 | 23 | ₹14,789 |
| B-HNI (Min) | 68 | 1564 | ₹10,05,652 |
| S-HNI (Max) | 67 | 1541 | ₹9,90,863 |
| Retail (Max) | 13 | 299 | ₹1,92,257 |
Ventive Hospitality Promoter Holding
The company's Promoters are Atul I. Chordia, Atul I. Chordia HUF, Premsagar Infra Realty Private Limited, BRE Asia ICC Holdings Ltd and BREP Asia III India Holding Co VI Pte. Ltd.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.59% | - |
Ventive Hospitality COMPANY INFORMATION
Ventive Hospitality IPO is a book built issue of Rs 1,600.00 crores. The issue is entirely a fresh issue of 2.49 crore shares. Ventive Hospitality IPO opens for subscription on December 20, 2024 and closes on December 24, 2024. The allotment for the Ventive Hospitality IPO is expected to be finalized on Thursday, December 26, 2024. Ventive Hospitality IPO will list on BSE, NSE with tentative listing date fixed as Monday, December 30, 2024. Ventive Hospitality IPO price band is set at ₹610 to ₹643 per share. The minimum lot size for an application is 23. The minimum amount of investment required by retail investors is ₹14,789. The minimum 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. 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 are the book running lead managers of the Ventive Hospitality IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to Ventive Hospitality IPO RHP for detailed information.
Incorporated in February 2002, Ventive Hospitality 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
- Premium hospitality assets complemented by Grade A annuity assets
- Established track record of development and acquisition-led growth in India and the Maldives
- Renowned Promoters with global and local expertise
- Professional and experienced management team
- Proven track record of adding value through active asset management
- Well-positioned to benefit from strong industry tailwinds
FAQs About Ventive Hospitality Ipo
Ventive Hospitality IPO will open on 20 Dec, 2024 and close on 24 Dec, 2024. Investors must apply within this period to participate.
The Ventive Hospitality IPO price band is set between ₹610.00 and ₹643.00 per share. The minimum lot size is 23, requiring an investment of at least ₹14789.00.
The Ventive Hospitality IPO shares are expected to be listed on 30 Dec, 2024, subject to regulatory approvals and final allotment.
You can track your Ventive Hospitality IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Ventive Hospitality IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.