Ventive Hospitality IPO is set to open on December 20, 2024, and will close on December 24, 2024. The Ventive Hospitality IPO is a Book Built Issue, aiming to raise approximately ₹1600 crores. This includes a fresh issue of ₹1600 crores and an offer for sale of up to [.] equity shares. The face value of each share is ₹1.
Ventive Hospitality IPO Price band is set between ₹610 to ₹643 per share. The quota allocation is 10% for Retail investors, 75% for Qualified Institutional Buyers (QIB), and 15% for Non-Institutional Investors (HNI). Ventive Hospitality IPO is scheduled to list on BSE, NSE on December 30, 2024, with the allotment announcement on December 26, 2024.
The company reported revenue of ₹494.71 crores in 2024, compared to ₹441.75 crores in 2023. It posted a Profit of ₹166.32 crores in 2024, compared to a Profit of ₹131.27 crores in 2023. Based on the financials, IPO investors are advised to apply for the IPO for gains in the long term.
- Ventive Hospitality IPO Details
- Ventive Hospitality IPO Market Lot
- Ventive Hospitality IPO Dates
- About Ventive Hospitality
- Promoters of Ventive Hospitality
- Ventive Hospitality IPO Financial Report
- Key Performance Indicator
- Peer Group Comparison
- Objective of the Issue
- Ventive Hospitality IPO GMP (Grey Market Premium)
- Ventive Hospitality Subscription Status
- Ventive Hospitality Allotment Status
- IPO Registrar
- IPO Lead Managers
- Ventive Hospitality Contact
- FAQs
Ventive Hospitality IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Ventive Hospitality Limited |
| Industry | Hospitality |
| IPO Issue Type | Book Built Issue |
| Open Date | December 20, 2024 |
| Close Date | December 24, 2024 |
| Total Issue Size | Approx ₹1600 Crores |
| Fresh Issue | Approx ₹1600 Crores |
| Face Value | ₹1 Per Equity Share |
| Price Band | ₹610 to ₹643 Per Share |
| Listing on | NSE & BSE |
| Lot Size | 23 Shares Per Lot |
| Offer for Sale | Approx [.] Equity Shares |
| Shares Offered to Retail | 10% |
| Shares Offered to QIB | 75% |
| Shares Offered to HNI | 15% |
Ventive Hospitality IPO Market Lot
Ventive Hospitality IPO has a minimum lot size of 23 shares, with an amount of ₹14,789.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 23 | ₹14,789 |
| Retail Maximum | 13 | 299 | ₹1,92,257 |
| S-HNI Minimum | 14 | 322 | ₹2,07,046 |
| B-HNI Minimum | 68 | 1,564 | ₹10,05,652 |
Ventive Hospitality IPO Dates
Ventive Hospitality IPO opens on December 20, 2024, and closes on December 24, 2024. The allotment will be announced on December 26, 2024, and the IPO will be listed on December 30, 2024.
| Event | Date |
|---|---|
| IPO Open Date | December 20, 2024 |
| IPO Close Date | December 24, 2024 |
| Basis of Allotment | December 26, 2024 |
| Refunds | December 27, 2024 |
| Credit to Demat Account | December 27, 2024 |
| IPO Listing Date | December 30, 2024 |
About Ventive Hospitality
Founded in February 2002, Ventive Hospitality Limited is a hospitality property owner focused on luxury and leisure offerings. The company’s properties are operated or franchised by renowned global brands such as Marriott, Hilton, Minor, and Atmosphere. Some of the luxury properties owned by Ventive Hospitality include JW Marriott Pune, The Ritz-Carlton Pune, Conrad Maldives, Anantara Maldives, and Raaya by Atmosphere Maldives.
As of March 31, 2024, Ventive Hospitality owns and operates 11 hospitality properties across India and the Maldives, with a total of 2,036 rooms spanning luxury, upper, and upscale segments. In the Maldives, the company owns three properties, which are among the world’s most popular tourist destinations. Of the 11 properties, 7 (1,331 rooms) were developed by Ventive Hospitality, while 4 (705 rooms) were acquired.
Promoters of Ventive Hospitality
- Atul I. Chordia
- Atul I. Chordia HUF
- Premsagar Infra Realty Private Limited
- BRE Asia ICC Holdings Ltd
- BREP Asia III India Holding Co VI Pte. Ltd
Ventive Hospitality IPO Financial Report
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | NA | 8,794.1 | 8,606.17 | 8,010.41 |
| Revenue | 875.9 | 1,907.38 | 1,762.19 | 1,197.61 |
| Profit After Tax | -137.83 | -66.75 | 15.68 | -146.2 |
| Net Worth | NA | 3,665.83 | 3,657.15 | 3,441.39 |
| Total Borrowing | NA | 3,682.13 | 3,599.66 | 3,291.07 |
| Amount in ₹ Crores | ||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | -% |
| ROCE | -% |
| EBITDA Margin | 60.75% |
| PAT Margin | 33.62% |
| Debt to equity ratio | (24.95) |
| Earning Per Share (EPS) | ₹15.92 (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 50.31% |
| Net Asset Value (NAV) | ₹31.65 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Chalet Hotels Limited | 13.54 | 66.04 | 15.03% | 90.08 | 1417.25 Cr. |
| Samhi Hotels Limited | (14.67) | NA | NA | 47.63 | 957.39 Cr. |
| Juniper Hotels Limited | 1.46 | 244.86 | 0.90% | 119.34 | 817.66 Cr. |
| The Indian Hotels Company Limited | 8.86 | 87.89 | 13.13% | 71.16 | 6768.75 Cr. |
| EIH Limited | 10.22 | 36.68 | 16.58% | 65.34 | 2511.27 Cr. |
| Lemon Tree Hotels Limited | 1.88 | 69.10 | 11.75% | 19.52 | 1071.12 Cr. |
| Apeejay Surrendra Park Hotels Limited | 3.82 | 42.96 | 5.74% | 56.13 | 578.97 Cr. |
Objective of the Issue
Repayment or prepayment, in part or full, of certain borrowings availed by the company, including:
- Payment of accrued interest on the borrowings;
- Investment in step-down subsidiaries, specifically SS & L Beach Private Limited and Maldives Property Holdings Private Limited, including payment of interest on such investments;
- General corporate purposes.
Ventive Hospitality IPO GMP (Grey Market Premium)
To check real-time Grey Market Premium (GMP on IPO) of Ventive Hospitality, please visit the IPO GMP page.
Ventive Hospitality Subscription Status
This IPO subscription kicks off on December 20, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Ventive Hospitality Allotment Status
To check Ventive Hospitality’s IPO allotment status, visit the IPO register website Kfin Tech or go to the IPO Allotment page.
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: vhl.ipo@kfintech.com
Website: www.kfintech.com
IPO Lead Managers
KOTAK MAHINDRA CAPITAL COMPANY LIMITED
27 BKC, 1st Floor, Plot no. C-27,
‘G’ Block, Bandra Kurla Complex,
Bandra (East), Mumbai 400 051
Phone: +91 22 4336 0000
Email: ventive.ipo@kotak.com
Website: www.investmentbank.kotak.com
Ventive Hospitality Contact
VENTIVE HOSPITALITY LIMITED
5th Floor, Tower D, Tech Park One,
Yerwada, Pune, Maharashtra, 411 006, India
Phone: +91 20 6906 1900
Email: CS@ventivehospitality.com
Website: www.ventivehospitality.com
FAQs
What is the Ventive Hospitality’s IPO?
The Ventive Hospitalitys’ IPO is a Mainboard offering to raise ₹1,600 crores, with shares priced between ₹610 and ₹643 each. The IPO will be listed on both BSE and NSE.
When will the Ventive Hospitality’s IPO open?
The IPO will open for subscription on December 20, 2024, and close on December 24, 2024, for QIB, NII, and Retail Investors.
What is Ventive Hospitality’s IPO Investors’ Portion?
- 75% for Qualified Institutional Buyers (QIB)
- 15% for Non-Institutional Investors (NII)
- 10% for Retail Investors
How to Apply for the IPO?
You can apply for the Ventive Hospitality’s IPO via ASBA online through your bank account, UPI via stock brokers, or by filling out an offline form with your stockbroker.
What is the IPO Issue Size?
The issue size of the Ventive Hospitality IPO is ₹1,600 crores.
Note: Ventive Hospitality’s IPO price band and date have been officially announced. Ventive Hospitality’s IPO Grey Market Premium (GMP) will be added to the IPO GMP page as soon as it becomes available.
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