Ventive Hospitality IPO

NiftyTrader • December 18, 2024

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Ventive Hospitality IPO opens for subscription on December 20, 2024 and closes on December 24, 2024. The allotment for the Ventive Hospitality IPO is expected to be finalized on Thursday, December 26, 2024. Ventive Hospitality IPO will list on BSE, NSE with tentative listing date fixed as Monday, December 30, 2024.

Ventive Hospitality IPO price band is set at ₹610 to ₹643 per share. The minimum lot size for an application is 23. The minimum amount of investment required by retail investors is ₹14,789. The minimum lot size investment for sNII is 14 lots (322 shares), amounting to ₹2,07,046, and for bNII, it is 68 lots (1,564 shares), amounting to ₹10,05,652.

Ventive Hospitality IPO is a book built issue of Rs 1,600.00 crores. The issue is entirely a fresh issue of 2.49 crore shares.

Ventive Hospitality IPO Details

IPO Date	December 20, 2024 to December 24, 2024
Listing Date	[.]
Face Value	₹1 per share
Price	₹610 to ₹643 per share
Lot Size	23 Shares
Total Issue Size	2,48,83,358 shares (aggregating up to ₹1,600.00 Cr)
Fresh Issue	2,48,83,358 shares (aggregating up to ₹1,600.00 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Shareholding pre-issue	20,86,57,830 shares
Share holding post issue	23,35,41,188 shares

Ventive Hospitality IPO Lot Size

Investors can bid for a minimum of 23 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	23	₹14,789
Retail (Max)	13	299	₹1,92,257
S-HNI (Min)	14	322	₹2,07,046
S-HNI (Max)	67	1,541	₹9,90,863
B-HNI (Min)	68	1,564	₹10,05,652

Ventive Hospitality IPO Objectives

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; and
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.

About Ventive Hospitality

Incorporated in February 2002, Ventive Hospitality is in the hospitality business, primarily focusing on business and leisure segments. The company primarily focuses on developing and managing high-end luxury hotels and resorts.

As of September 30, 2024, the company has 11 operational hospitality assets in India and the Maldives, with 2,036 keys across various upscale segments.

The company’s hospitality assets are operated by or franchised by global operators such as Marriott, Hilton, Minor and Atmosphere.

The company’s hotels are located in prime areas like Pune and Bengaluru, popular tourist spots such as the Maldives, and significant spiritual and cultural centres like Varanasi.

The company’s pre-acquisition luxury hospitality asset comprises JW Marriott, Pune, and its post-acquisition luxury hospitality assets comprise JW Marriott, Pune, The Ritz-Carlton, Pune, Conrad, Maldives, Anantara, Maldives and Raaya by Atmosphere, Maldives.

As of September 30, 2024, the company had 2,791 permanent employees and employed 632 personnel on a contract basis across its hospitality assets.

Competitive Strengths

Well-positioned to benefit from strong industry tailwinds

Premium hospitality assets complemented by Grade A annuity assets

Established track record of development and acquisition-led growth in India and the Maldives

Renowned Promoters with global and local expertise

Professional and experienced management team

Proven track record of adding value through active asset management

Ventive Hospitality Financial Information

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets		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		3,665.83	3,657.15	3,441.39
Total Borrowing		3,682.13	3,599.66	3,291.07
				Amount in ₹ Crore

Ventive Hospitality IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not less than 75% of the Net Issue
Retail Shares Offered	Not more than 10% of the Net Issue
NII (HNI) Shares Offered	Not more than 15% of the Net Issue

Ventive Hospitality IPO Timeline (Tentative Schedule)

Ventive Hospitality IPO opens on December 20, 2024, and closes on December 24, 2024.

IPO Open Date	Friday, December 20, 2024
IPO Close Date	Tuesday, December 24, 2024
Basis of Allotment	Thursday, December 26, 2024
Initiation of Refunds	Friday, December 27, 2024
A credit of Shares to Demat	Friday, December 27, 2024
Listing Date	Monday, December 30, 2024
Cut-off time for UPI mandate confirmation	5 PM on December 24, 2024