- The Ventive Hospitality IPO opens on December 20, 2024, and closes on December 24, 2024.
- The price band is set between ₹610 to ₹643 per share, with a minimum lot size of 23 shares.
- The IPO is reserved for QIB, NII, RII, and Anchor Investors, with specific share allocations.
- The company intends to use the IPO proceeds for debt repayment, investment in subsidiaries, and general corporate purposes.
Ventive Hospitality Limited, a prominent player in the hospitality sector, has launched its IPO, which is a book-built issue worth Rs 1,600 crores. The IPO consists of a fresh issue of 2.49 crore shares, and it opened for subscription on December 20, 2024, and will close on December 24, 2024. The listing on BSE and NSE is scheduled for December 30, 2024.
Ventive Hospitality IPO Key Details
| Parameter | Details |
|---|---|
| IPO Opening Date | December 20, 2024 |
| IPO Closing Date | December 24, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹610 to ₹643 per share |
| Lot Size | 23 Shares |
| Total Issue Size | 2.49 crore shares (₹1,600.00 crore) |
| Fresh Issue | 2.49 crore shares (₹1,600.00 crore) |
| Employee Discount | ₹30 per share |
| Listing At | BSE, NSE |
| Pre-Issue Shareholding | 20,86,57,830 shares |
| Post-Issue Shareholding | 23,35,41,188 shares |
| Category Reservation | QIB – 30%, NII – 15%, RII – 10%, Anchor Investors – 45% |
| Issue Type | Book Built Issue IPO |
IPO Tentative Timeline
- IPO Opens: December 20, 2024
- IPO Closes: December 24, 2024
- Basis of Allotment: December 26, 2024
- Initiation of Refunds: December 27, 2024
- Credit of Shares to Demat: December 27, 2024
- Listing Date: December 30, 2024
- Cut-off Time for UPI Mandate: 5 PM on December 24, 2024
IPO Lot Size and Investment Details
Investors can bid for a minimum of 23 shares, and the table below shows the investment details for retail and institutional investors.
| Category | Shares | Amount |
|---|---|---|
| Retail (Min) | 23 | ₹14,789 |
| Retail (Max) | 299 | ₹1,92,257 |
| S-HNI (Min) | 322 | ₹2,07,046 |
| S-HNI (Max) | 1,541 | ₹9,90,863 |
| B-HNI (Min) | 1,564 | ₹10,05,652 |
Reservation for Various Investor Categories
The IPO is reserved for various investor categories, including QIB, NII, RII, and Anchor Investors, with the following shares allocated:
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investors | 1,11,90,513 (45%) | NA |
| QIB | 74,60,342 (30%) | NA |
| NII (HNI) | 37,30,171 (15%) | |
| sNII < ₹10L | 12,43,242 (5%) | 3,861 |
| bNII > ₹10L | 24,86,929 (10%) | 7,723 |
| Retail Investors (RII) | 24,86,781 (10%) | 1,08,120 |
| Total Shares Offered | 2,48,67,807 (100%) |
Category Reservation and Application Limits
Ventive Hospitality IPO has set different application limits for various categories of investors. Below is a table with the application category, maximum bidding limits, and whether bidding at the cut-off price is allowed:
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Retail Investors (RII) | Up to ₹2 Lakhs | Yes |
| sNII (Small Non-Institutional Investors) | ₹2 Lakhs to ₹10 Lakhs | No |
| bNII (Big Non-Institutional Investors) | Above ₹10 Lakhs (Under NII reservation portion) | No |
| Employees | Up to ₹5 Lakhs | Yes |
| Employee + RII/NII | Employee limit: Up to ₹5 Lakhs (In certain cases, employees are given a discount if bidding amount is up to ₹2 Lakhs) | Yes for Shareholder/RII/NII |
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Anchor Investor Details
Ventive Hospitality raised Rs 719.55 crore from anchor investors. The anchor bid was finalized on December 19, 2024. The lock-in period for anchor investors is as follows:
- 50% of Shares: Lock-in for 30 days (until January 25, 2025)
- Remaining Shares: Lock-in for 90 days (until March 26, 2025)
About Ventive Hospitality
Incorporated in 2002, Ventive Hospitality is a leading hospitality company with a focus on both business and leisure segments. With assets in prime locations like Pune, Bengaluru, and the Maldives, the company operates luxury hotels and resorts, including franchises with global brands such as Marriott, Hilton, and Atmosphere. The company currently operates 11 hospitality assets across India and the Maldives.
Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Crore) | 8,794.1 | 8,606.17 | 8,010.41 | |
| Revenue (₹ Crore) | 875.9 | 1,907.38 | 1,762.19 | 1,197.61 |
| Profit After Tax (₹ Crore) | -137.83 | -66.75 | 15.68 | -146.2 |
| Net Worth (₹ Crore) | 3,665.83 | 3,657.15 | 3,441.39 | |
| Total Borrowing (₹ Crore) | 3,682.13 | 3,599.66 | 3,291.07 |
Objects of the Issue
The company intends to utilize the funds raised from the IPO for:
- General corporate purposes
- Repayment or prepayment of borrowings
- Investment in subsidiaries
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.
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