IPO

Ventive Hospitality Limited IPO

Mainboard

Hotels & Resorts

Listed On: Dec 30, 2024 at ₹ 716.0(NSE)

₹ 14789 /23 Shares

Check Allotment

Price Summary

Last Closing

681.50 (5.99%)

52 Week High

774.50

52 Week Low

653.60

Last Update

17-Jan-2025 3:30 PM
Ventive Hospitality IPO Details

20 Dec, 2024

Open Date

24 Dec, 2024

Close Date

26 Dec, 2024

Allotment Date

30 Dec, 2024

Listing Date

Issue Price

₹610-643 per equity share

Face Value

₹1 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

716.0(NSE)

Listing Date

2024-12-30

Market Lot

Retail : 23 Shares (₹14,789/-)
S-HNI : 322 Shares (₹2,07,046/-)
B-HNI : 1,564 Shares (₹10,05,652/-)

Lead Manager

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

Issue Size

[2,48,83,358 shares(aggregating up to ₹1,600.00 Cr)

Retail Portion

10% (Number of Retail Applications: 1,08,121 Approx),
(Number of S-HNI Applications : 3,861 Approx),
(Number of B-HNI Applications : 7,723 Approx)

Subscription

9.80 times

IPO Docs

DRHP RHP ANCHOR

Ventive Hospitality IPO Subscription Details

As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved74,60,34237,30,171
24,86,929    12,43,242		24,86,7811,36,77,294
Day 1 - 20-12-24 05:00 PM1.05 x0.10
0.05 x   0.18 x		0.61 x0.71 x
Day 2 - 23-12-24 05:00 PM1.22 x1.07
1.12 x   0.98 x		1.75 x1.28 x
Day 3 - 24-12-24 05:00 PM9.08 x13.85
15.05 x   11.46 x		5.87 x9.80 x
Total No. of Applications: 7,27,669 (Approx)
Retail Subscription on the basis of Applications: Retail:5.44x BHNI:2.89x SHNI:11.86x times

Ventive Hospitality Valuations

EPS Pre IPO

-₹3.20/-

EPS Post IPO

-₹11.80/-

P/E Pre IPO

-201.01

P/E Post IPO

-54.48

RoNW

-1.82%

Ventive Hospitality Company Financials All values are in ₹ Cr.

31-Mar-2431-Mar-2331-Mar-22
Assets8,794.18,606.178,010.41
Revenue1,907.381,762.191,197.61
Profit After Tax-66.7515.68-146.2
Net Worth3,665.833,657.153,441.39
Total Borrowing3,682.133,599.663,291.07

About The Company

Incorporated in February 2002, Ventive Hospitality Limited is a leading hospitality player focused on the business and leisure segments. It focuses on developing and managing high-end luxury hotels and resorts that can offer world-class experiences to its guests. As of September 30, 2024, Ventive Hospitality has 11 premium hospitality assets in India and the Maldives, with 2,036 keys catering to upscale and luxury travelers.

Ventive Hospitality has managed some of the most luxurious properties around the world through the operations of globally recognized players such as Marriott, Hilton, Minor, and Atmosphere. Its pre-acquisition portfolio comprises the iconic JW Marriott Pune, and its post-acquisition assets comprise the luxury brands like The Ritz-Carlton Pune, Conrad Maldives, Anantara Maldives, and Raaya by Atmosphere Maldives. These properties have been strategically placed in cities like Pune and Bengaluru, the tourist destinations of Maldives, the spiritual and cultural destinations of Varanasi for a blend of accessibility with exclusivity to its guest.

The company is committed to operational excellence, which has been supported by a good number of permanent employees: 2,791 and contractual staff: 632. This is an assurance of smooth service with unforgettable guest experiences. The prime locations, partnerships with the leading global operators, and customer-centric approach that Ventive Hospitality has provided have made it a trustworthy name in the luxury hospitality sector.

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Ventive Hospitality - Peers Comparison

P/B RatioP/E RatioRoNWNet Worth
Ventive Hospitality10.06153.958.66%890
Chalet Hotels7.5728416.4%1,530
Samhi Hotels4.07160%1,062
Juniper Hotels2.942281.56%896
Indian Hotels12.084.914.3%7,246
EIH Limited6.3038.217.6%2,598
Lemon Tree Hotels12.080.016.3%1,168
Apeejay Surrendra Park3.1254.17.88%591

Ventive Hospitality - Promoter(s)

Pre Issue Share Holding: 99.59%

Post Issue Share Holding: 88.98%

Company Promoter(s)
  1. Atul I. Chordia
  2. Atul I. Chordia HUF
  3. Premsagar Infra Realty Private Limited
  4. BRE Asia ICC Holdings Ltd
  5. BREP Asia III India Holding Co VI Pte. Ltd

Ventive Hospitality IPO - Issue Objectives

  1. Repayment/prepayment, in part or full, of certain of borrowings availed by the company
  2. For payment of interest accrued thereon
  3. 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
  4. General corporate purposes.

Ventive Hospitality IPO - Anchor Investors

Blackstone-backed Ventive Hospitality IPO; Firm mops up Rs 720 crore from anchor investors.

Global investors like Government Pension Fund Global, Florida Retirement System, ABSL Umbrella Ucits Fund, Citigroup Global, Societe Generale, Copthall Mauritius Investment, and Tocu Europe invested in Ventive via anchor book.

Several domestic institutional investors including Quant Mutual Fund, SBI General Insurance, SBI Life Insurance, Tata Alternative Investment Fund, JM Financial MF, Nuvama, Samco MF, and Trust MF also participated in the anchor book.

Other Details

Company Contact Details

Ventive Hospitality

2 nd Floor, Tower D, Tech Park One, Yerwada,Pune, 411006

Phone: +91 2069061900

Email: CS@ventivehospitality.com

Website: https://www.bajajhousingfinance.in/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: vhl.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

Ventive Hospitality IPO - FAQs

Ans. Ventive Hospitality Limited IPO is a Mainboard IPO. The issue is priced at ₹610-643 per equity share. The minimum order quantity is 23 Shares. The IPO opens on Dec 20, 2024, and closes on Dec 24, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Ventive Hospitality Limited IPO opens on Dec 20, 2024 and closes on Dec 24, 2024.

Ans. The size of Ventive Hospitality Limited IPO is [2,48,83,358 shares(aggregating up to ₹1,600.00 Cr).

Ans. The IPO price band is set between ₹610-643 per equity share.

Ans. To apply for Ventive Hospitality Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Ventive Hospitality Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Ventive Hospitality Limited IPO is Dec 26, 2024.

Ans. The Ventive Hospitality Limited IPO will be listed on Dec 30, 2024.

Ans. Follow the steps to check the allotment status for Ventive Hospitality Limited IPO here.