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Ventive Hospitality Ltd

Realty

Offer Period :

20th to 24th Dec 2024

Ventive Hospitality Ltd IPO Details

IPO Date 20th to 24th Dec 2024 Minimum Investment ₹14789 / 1 Lots
Listing Date 2024-12-30 Maximum Investment ₹192257 / 13 Lots
Face Value ₹1 per share Total Issue Size ₹1600 Crores
Price ₹643 to ₹643 per share Fresh Issue ₹1600 Crores
Lot Size 1 Lots (23 Shares) Offer For Sale ₹ 0
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹30 per share    
IPO Date 20th to 24th Dec 2024
Listing Date 2024-12-30
Face Value ₹1 per share
Price ₹643 to ₹643 per share
Lot Size 1 Lots (23 Shares)
Listing At BSE, NSE
Employee Discount ₹30 per share
Minimum Investment ₹14789 / 1 Lots
Maximum Investment ₹192257 / 13 Lots
Total Issue Size ₹1600 Crores
Fresh Issue ₹1600 Crores
Offer For Sale
Retail Discount ₹ 0

About Ventive Hospitality Limited

Established in February 2002, Ventive Hospitality Limited is a premier player in the hospitality industry, focusing on the business and leisure segments. The company is dedicated to developing and managing high-end luxury hotels and resorts, offering an exceptional experience across its portfolio. As of September 30, 2024, Ventive Hospitality operates 11 luxury hospitality assets in India and the Maldives, featuring 2,036 keys across upscale segments. These properties are strategically located in key business hubs like Pune and Bengaluru, popular tourist destinations such as the Maldives, and cultural and spiritual centers like Varanasi.

Ventive Hospitality collaborates with global operators like Marriott, Hilton, Minor, and Atmosphere to manage or franchise its properties. Notable assets include JW Marriott, Pune, The Ritz-Carlton, Pune, Conrad Maldives, Anantara Maldives, and Raaya by Atmosphere, Maldives. Supported by a skilled workforce of 2,791 permanent employees and 632 contractual personnel, the company excels in asset development and acquisition-led growth. With premium hospitality assets, a professional management team, and a robust track record of adding value through active asset management, Ventive Hospitality is poised to leverage strong industry tailwinds and solidify its leadership in luxury hospitality.

Timeline

Important dates for allocation and IPO listing.

20th Dec

IPO Starts

24th Dec

IPO Ends

26th Dec

Allotment Date

27th Dec

Initiation of Refund

27th Dec

Credit of Shares to Demat Account

30th Dec

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.59 88.98
Public Group 0.41 11.02

Ventive Hospitality Ltd IPO Reservation

QIB Shares Offered 7460342(29.98%)
NII (HNI) Shares Offered 3730171(14.99%)
Retail Shares Offered 2486781(9.99%)
Anchor Investor Shares Offered 11190513(44.97%)
Total Shares Offered 24883360
Total Shares With Anchor Investor 24883360

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Ventive Hospitality Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222/
Email Id einward.ris@kfintech.com
Our Website www.kfintech.com

Ventive Hospitality Ltd IPO Lead Manager

1. JM Financial Ltd

2. Axis Capital Ltd

3. HSBC Securities and Capital Markets (India) P Ltd

4. ICICI Securities Ltd

5. IIFL Securities Ltd

6. Kotak Mahindra Capital Company Ltd

7. SBI Capital Markets Ltd

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Ventive Hospitality Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 74,60,342 95,86,446 26.0
Non Institutional Investors (NIIs) 37,30,171 86,89,998 5,134.0
Non Institutional Investors (Bid amount of more than Ten Lakh Rupees) 24,86,929 66,11,833 2,40,617.0
Non Institutional Investors (Bid amount of more than Two Lakh and upto Ten Lakh Rupees) 12,43,242 20,78,165 2,40,617.0
Retail Individual Investors (RIIs) 24,86,781 57,46,642 84,921.0
Employee Reserved 16,313 99,314 0.0
Total 1,36,93,606 2,41,22,400 2,40,617.0

Strength of Ventive Hospitality Ltd

1. Premium hospitality assets complemented by Grade A annuity assets.

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

3. Renowned Promoters with global and local expertise.

4. Professional and experienced management team.

5. Proven track record of active asset management.

6. Well-positioned to benefit from strong industry tailwinds.

Risks Involved

1. The Company acquired the New Portfolio recently (in Fiscal 2025) from its Promoters and may undertake such acquisitions in the future. Further, the Pro Forma Financial Information prepared for this Red Herring Prospectus is presented for illustrative purposes only to illustrate the impact of such acquisition of New Portfolio as if the acquisition had taken place at the beginning of the applicable period/year and may not accurately reflect its future financial condition or results of operations.

2. The company relies on third parties for the quality of services at its hospitality assets and the company hospitality assets are operated by or franchised from third-party brands. Any adverse impact on the reputation of its hospitality assets, or the brands under which they operate, or a failures of quality control systems at its hospitality assets could adversely affect the company business, results of operations and financial condition.

3. The company does not have a consolidated operating history through which its overall performance may be evaluated and have incurred losses in the recent past. If the company does not successfully integrate and operate the properties that the company has acquired pursuant to the Acquisition Transactions, its may continue to incur losses and the company's business, financial condition, cash flows and results of operations may be adversely affected.

4. Most of its hospitality assets are operated by or franchised from Marriott and Hilton, collectively comprising 8 out of 11 operational hospitality assets, contributing to 78.05% of the keys in its hospitality portfolio as at September 30, 2024 and 49.19% of the company pro forma total income for the six months ended September 30, 2024. While the company has entered into long term agreements with such third party operators or franchisors, if these agreements are terminated or not renewed, its business, results of operations, cash flows and financial condition may be adversely affected.

5. Prior to the Acquisition Transactions, all its total income on a restated basis was derived from assets located in Pune. A significant portion of its pro forma total income is derived from assets concentrated in a few geographical locations (58.40% and 32.03% of our pro forma total income for the six months ended September 30, 2024 from assets located in Pune and Maldives, respectively, contributing to 90.43% of its pro forma total income for the six months ended September 30, 2024, and 53.29% and 38.24% of its pro forma total income for FY24 from assets located in Pune and Maldives, respectively, contributing to 91.53% of its pro forma total income for FY24). Any adverse developments affecting such assets or locations could have an adverse effect on its business, financial condition, cash flows and results of operations.

6. Prior to the Acquisition Transactions, all its total income on a restated basis was derived from assets located in Pune. A significant portion of its pro forma total income is derived from assets concentrated in a few geographical locations (58.40% and 32.03% of its pro forma total income for the six months ended September 30, 2024 from assets located in Pune and Maldives, respectively, contributing to 90.43% of its pro forma total income for the six months ended September 30, 2024, and 53.29% and 38.24% of its pro forma total income for FY24 from assets located in Pune and Maldives, respectively, contributing to 91.53% of its pro forma total income for FY24). Any adverse developments affecting such assets or locations could have an adverse effect on the company business, financial condition, cash flows and results of operations.

7. Its annuity assets contributed to 28.02% and 24.44% of the company pro forma total income for the six months ended September 30, 2024 and FY24, respectively. If there is a decline in demand for office and retail properties, its business, financial condition, results of operations and cash flows may be adversely affected.

8. The success of its business is dependent on the ability to anticipate and respond to customer requirements. The company business may be affected if the company is unable to identify and understand contemporary and evolving customer preferences or if the company is unable to deliver quality service as compared to its competitors. Further, any delay in execution of ongoing projects would adversely impact the operations and profitability of the Company.

9. Its hospitality business is subject to seasonal and cyclical variations that could result in fluctuations in its results of operations and cash flows.

10. Conflicts of interest may arise out of common business objectives shared by its Promoters, the Company and their respective associates/affiliates and its Directors. Further, the BRE Promoters have not entered into a deed of right of first offer in respect of any assets owned by them or other entities of Blackstone which could lead to potential conflicts of interest.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Ventive Hospitality Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-12-30 544321 VENTIVE
INE781S01027
₹643 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹643 ₹643
Open ₹718.15 ₹716
Low ₹701.55 ₹702
High ₹748.8 ₹749
Low ₹701.55 ₹702

Frequently Asked Questions

What is Ventive Hospitality Ltd IPO?

Answer Field

Ventive Hospitality Ltd IPO is a Mainboard IPO of 2,48,83,360 equity shares of a face value of ₹1 aggregating up to ₹1600 Crores. The issue is priced at ₹643 to ₹643 per share. The minimum order quantity is 23 Shares. The IPO opens on December 20, 2024, and closes on December 24, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Ventive Hospitality Ltd IPO will open?

Answer Field

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

What is the lot size of Ventive Hospitality Ltd?

Answer Field

Ventive Hospitality Ltd lot size is 23 shares, and the minimum amount required is ₹14,789.

How to apply for Ventive Hospitality Ltd IPO?

Answer Field

You can apply in Ventive Hospitality Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Ventive Hospitality Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Ventive Hospitality Ltd IPO will be done on December 26, 2024, and the allotted shares will be credited to your demat account by December 27, 2024.

When is Ventive Hospitality Ltd IPO listing date?

Answer Field

The Ventive Hospitality Ltd listing date is December 30, 2024.

Who is the registrar of Ventive Hospitality Ltd IPO?

Answer Field

The registrar of Ventive Hospitality Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

JM Financial Ltd,Axis Capital Ltd,HSBC Securities and Capital Markets (India) P Ltd,ICICI Securities Ltd,IIFL Securities Ltd,Kotak Mahindra Capital Company Ltd,SBI Capital Markets Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Ventive Hospitality Ltd IPO?

Answer Field

The fresh issue size is ₹1600 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Ventive Hospitality Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 23 shares and ₹14,789 amount.

How can I approve the UPI mandate request for Ventive Hospitality Ltd IPO?

Answer Field

To apply for Ventive Hospitality Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Ventive Hospitality Ltd?

Answer Field

The price of each Ventive Hospitality Ltd share will be ranging in between ₹643 to ₹643 per share.

What is the cut-off time for the UPI mandate for Ventive Hospitality Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, December 24, 2024.

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