Ventive Hospitality IPO subscribed overall 10.33 times on the last day, while A retail quota was subscribed 6.19 times, QIB was subscribed 9.58 times, and NII quota subscribed by 14.6 times respectively.
Details About Ventive Hospitality IPO
Ventive Hospitality got approval from SEBI for an IPO of ₹1600 crores to raise funds and maintain financial stability. The face value of each share was Rs 1 each. Moreover, the company has set up a price band between ₹610 to ₹643 per share. In this IPO total of 23 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category 299 shares in 13 lot sizes. S-HNI (Min) has a total of 322 shares in 14 lot sizes, while B-HNI Minimum has a total of 1,564 shares available in 68 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,789 and maximum investment of ₹1,92,257.
- Small HNI (S-HNI): Minimum investment of ₹2,07,046.
- Big HNI (S-HNI): Minimum investment of ₹10,05,652.
Subscription duration of Ventive Hospitality IPO
The Ventive Hospitality IPO subscription opening date was 20 December and the close date was 24 December. The Ventive Hospitality IPO allotment was finalized on December 26 and the IPO listing is on December 30.
Funds Deployment of This Company
The company plans to use the money raised from the new shares for the following purposes:
- The company decided to use funds for Repayment/prepayment, in part or full, of certain borrowings availed by the company.
- They will also use some of the funds for 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.
- The remaining funds will be utilized for the company’s General corporate purposes.
About Ventive Hospitality IPO
Ventive Hospitality Limited was incorporated in February 2002 and is one of the leading hospitality property owners that focuses on the business of luxury offerings and leisure segments. Some global operators like Marriott, Hilton, Minor, and Atmosphere run or franchise all of their hospitality properties. JW Marriott, Pune, The Ritz-Carlton, Pune, Conrad, Maldives, Anantara, Maldives, and Raaya by Atmosphere, Maldives are some of the luxury properties businesses owned by Ventive Hospitality Limited. They have a total of 11 operational hospitality properties in India and Maldives, with an overall 2,036 properties across the luxury, upper, and upscale segments as of March 31, 2024. Ventive Hospitality owns three luxurious properties in Maldives making it some of the most loved tourist destinations for many. As of March 31, 2024, the company operates a total of 11 hospitality properties, of which 7 properties (1331 rooms) were built by the company, and the remaining 4 properties (705 rooms) were purchased by the company.
Ventive Hospitality IPO Financial Background
The company reported revenue of ₹494.71 crores in 2024 against ₹441.75 crores in 2023. The company reported a profit of ₹166.32 crores in 2024 against a Profit of ₹131.27 crores in 2023.
