Ventive Hospitality IPO subscription started on Friday, December 20, and will close on December 24 as per the schedule. The price band is set at ₹610 to ₹643 per share with a face value of ₹1.
Ventive Hospitality IPO Subscription Status
Ventive Hospitality IPO Subscribed over 0.75x on its First day till 05.00 PM on 20th December.
- Ventive Hospitality IPO subscription QIB investors portion is 1.11x times, while NII subscribed 0.1x times and RII investors subscribed 0.65x times.
- The company has received bids for 1,02,57,724 shares against 1,36,77,294 shares on offer on the First day.
- Ventive Hospitality IPO Subscribed over 0.75x on day 1.
About Ventive Hospitality IPO
Founded in February 2002, Ventive Hospitality Limited is a hospitality property owner that mainly focuses on the business of luxury offerings and leisure segments. Marriott, Hilton, Minor, and Atmosphere are the global operators that 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. As of March 31, 2024, 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 now, Ventive Hospitality has three hospitality properties in the Maldives which are globally ranked as one of the most loved tourist spots. 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 Company Financial Report
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.
Ventive Hospitality IPO GMP:
Ventive Hospitality IPO GMP was ₹60 as of Friday, December 20th. That indicates the IPO is trading at ₹703 with ₹60 premium in the grey market against the issue price of ₹643.
