Ventive Hospitality IPO
Open MainLineCurrent GMP
₹80 (+12.44%)
Price Band
₹ 610 – 643
Lot Size
23
Issue Size
₹1600 Cr
Minimum Investment
₹14789 (23 Shares)
Listing Date
30 December 2024
Subscription
9.8x
About the Company
Ventive Hospitality Limited is a hospitality asset owner focused on luxury offerings across both business and leisure segments. The company operates or franchises its hospitality assets through global operators such as Marriott, Hilton, Minor, and Atmosphere. Its portfolio includes key assets in India and the Maldives, notably luxury properties like JW Marriott Pune, The Ritz-Carlton Pune, and Conrad Maldives, among others. These luxury assets contribute significantly to the company’s revenue, with luxury properties making up over 80% of hotel operations revenue.
The company’s operational portfolio spans 11 assets, totaling 2,036 keys, with notable hotels like The Ritz-Carlton Pune and Conrad Maldives being key highlights. Ventive’s assets are positioned in premium markets and are known for their high average room rates (ARR) compared to peers, a reflection of their superior quality and guest experiences.
Ventive also excels in food and beverage offerings, with top-rated restaurants, including Alto Vino and Tao Fu in Pune, and Ithaa, an underwater restaurant at Conrad Maldives. The company's revenue from food and beverage sales forms a significant portion of its total income.
Founded as part of Panchshil Realty, a real estate conglomerate based in Pune, Ventive Hospitality has seen substantial growth since its inception in 2007. The company expanded through development and acquisitions, increasing its portfolio by over 1,000 keys since 2019. In 2017, BRE Asia, a Blackstone affiliate, acquired a 50% stake in the company.
Ventive has a proven track record of successful hotel development and acquisition across various segments, including luxury, upper upscale, and upscale, in both India and the Maldives. The company is known for its asset management practices, leveraging experienced professionals to optimize operational performance and ensure a superior experience for guests and tenants.
Promoters
- 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.
Promoters Holding
Holding Pre Issue
99.59%
Holding Post Issue
88.98%
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards the funding of the following objects:
- Repayment/prepayment, in part or full, of certain of borrowings availed by the company.
- For payment of interest accrued thereon.
- 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.
- General corporate purposes.
Address / Contact Info
Ventive Hospitality Limited
2nd Floor, Tower D, Tech Park
One, Yerwada, Pune
Maharashtra, 411 006
Phone: +91 2069061900
Email: CS@ventivehospitality.com
Website: https://www.ventivehospitality.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 20 December 2024
IPO Close Date
Tuesday, 24 December 2024
Basis of Allotment
Thursday, 26 December 2024
Initiation of Refunds
Friday, 27 December 2024
Credit of Shares to Demat
Friday, 27 December 2024
Listing Date
Monday, 30 December 2024 — NSE & BSE
Important Dates
Open Date
20 December 2024
Close Date
24 December 2024
Basis Of Allotment
26 December 2024
Listing Date
30 December 2024
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 0 | 8794.1 | 8606.17 | 8010.41 |
| Revenue | 875.9 | 1907.38 | 1762.19 | 1197.61 |
| Profit After Tax | -137.83 | -66.75 | 15.68 | -146.2 |
| Net Worth | 0 | 3665.83 | 3657.15 | 3441.39 |
| Reserve & Surplus | 0 | 0 | 0 | 0 |
| Total Borrowings | 0 | 3682.13 | 3599.66 | 3291.07 |
EPS Pre
-3.20%
EPS Post
-11.80%
P/E Pre
-20.01
P/E (Post Issue)
-54.48x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Sun, Mar 31, 2024. |
|---|---|
| ROE % | 0 |
| ROCE % | 0 |
| Debt / Equity | 0 |
| RoNW % | -1.82 |
| PbW | 0 |
| Pat Margin % | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 11190513 | 45 | 0 |
| Qualified Institutions | 7460342 | 30 | 0 |
| Non-Institutional | 3730171 | 15 | 0 |
| BNII | 2486929 | 10 | 0 |
| SNII | 1243242 | 5 | 0 |
| Retail Investors | 2486781 | 10 | 0 |
| Total | 24867807 | 100 | 0 |
Subscription Status ( Tue, 24 Dec 24 01:28 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 7863934 | 71441565 | 9.08x |
| Non-Institutional | 3931967 | 54471935 | 13.85x |
| BNII | 2621312 | 39447415 | 15.05x |
| SNII | 1310655 | 15024520 | 11.46x |
| Retail Investors | 2621311 | 15385068 | 5.87x |
| Employees | 17241 | 163668 | 9.49x |
| Total | 14434453 | 141462236 | 9.8x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 23 | 14,789.00 |
| Retail (Max) | 13 | 299 | 192,257.00 |
| S-HNI (Min) | 14 | 322 | 207,046.00 |
| S-HNI (Max) | 67 | 1,541 | 990,863.00 |
| B-HNI (Min) | 68 | 1,564 | 1,005,652.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- IIFL Capital Services Limited
- Axis Capital Limited
- ICICI Securities Limited
- JM Financial Limited
- Kotak Mahindra Capital Company Limited
- Hsbc Securities & Capital Markets Pvt Ltd
- SBI Capital Markets Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Ventive Hospitality IPO is a Book-building IPO worth ₹1600 crores. The price band is ₹610 to 643 per share. The IPO opens on Fri, Dec 20, 2024 and closes on Tue, Dec 24, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Ventive Hospitality IPO opens on Fri, Dec 20, 2024 and closes on Tue, Dec 24, 2024
Ventive Hospitality IPO Price Band is ₹610 to 643.
Ventive Hospitality IPO lot size is 23, and the minimum amount required for application is ₹14789.
The minimum investment for Ventive Hospitality IPO is approximately ₹14789 based on the upper price band.
To apply for the Ventive Hospitality IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Dec 24, 2024. After submission, funds are blocked until the basis of allotment of Ventive Hospitality IPO is finalised.
Ventive Hospitality IPO issue size is ₹1600 crores.
Ventive Hospitality IPO allotment date is Sat, Jun 27, 2026.
The registrar for Ventive Hospitality IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Ventive Hospitality IPO through their official website or helpline.
The Ventive Hospitality IPO GMP (Grey Market Premium) is ₹80 as of Mon, Dec 30, 2024. Based on the upper price band of ₹643 per share, the estimated Ventive Hospitality IPO listing price is ₹723, indicating a potential listing gain of approximately 31% over the issue price.