Ventive Hospitality is into Consumer Hotels sector and is looking raise funds through Fresh Issue
IPO Summary
Ventive Hospitality IPO is a public offering of shares by Atul I. Chordia, Atul I. Chordia HUF, Premsagar Infra Realty Private Limited, BRE Asia ICC Holdings Ltd and BREP Asia III India Holding Co VI Pte. Ltd.. The IPO will open on December 20 and will close on December 24. The price band is ₹610 to ₹643 per share and the lot size is 23 shares. The issue size is ₹1,600. crore. The shares are expected to be listed on NSE, BSE on December 30 (^). Some additional information that you may find useful are: Portfolio consists of 11 operational hospitality assets in India and Maldives, totalling 2,036 keys across the luxury, upper upscale and upscale segment. Currently three hotels are under development stage at UP, Karnataka and Srilanka with estimated 367 keys.: (**) - based on higher price band (^) indicative datePromoters of the company are Atul I. Chordia, Atul I. Chordia HUF, Premsagar Infra Realty Private Limited, BRE Asia ICC Holdings Ltd and BREP Asia III India Holding Co VI Pte. Ltd. Currently promoters hold 99.59% stake in the company. While post-equity promoters stake will be 88.98%
- Company aims to raise between Rs 1,600 to 1,600 crs through this IPO.
- The net proceeds of the issue will be utilized to Company will not receive any proceeds from the Offer. The objects of the Offer are to (i) achieve the benefits of listing the Equity Shares on the Stock Exchange (ii) carry out the Offer for Sale (OFS)
- Anchor bidding is expected to commence one day prior to the IPO dates. Tentative anchor bidding date would be 19-Dec-24.
- Price band for the IPO has been fixed at Rs 610 to 643 per share and bid lot are in multiple of 23 shares. The implied market cap post-issue at Rs 14,328 to 15,017 crs.
- As per the tentative schedule, allotment date of this IPO is most likely on December 26 and share are expected to be listed on NSE, BSE on December 30.
- Company has direct peer competition in India'a Hospitality sector. In Listed space peers include Chalet Hotel, Samhi Hotels, Juniper Hotels, The Indian Hotels Co, EIH, Lemon Tree Hotels, Apeejay Surendra Park Hotels among others.
- JM Financial, Axis Capital, HSBC Securities, ICICI Securities, IIFL Capital, Kotak Mahindra Capital, SBI Capital has been appointed as Merchant Banker to the issue. KFin Technologies Ltd. has been appointed as official registrar of the issue.
- Company has not undertaken Pre-IPO placement.
Key Pointers of Ventive Hospitality IPO:
| Ventive Hospitality Limited IPO Snapshot | UdhyamPitch on X | |||
|---|---|---|---|
| Established | City | Sector | Sub-Sector |
| 2002 | Pune | Consumer | Hotels |
| Issue | Issue Type | Tentative Listing Date | Listing at |
| IPO (Fresh) | Book Building | 30-Dec-24 | NSE, BSE |
| IPO Dates | Price Band (Rs/sh) | Face Value (Rs/sh) | Min Lot Qty |
| 20-Dec-24 to 24-Dec-24 | ₹ 610 to 643 per sh | ₹ 1 per sh | 23 sh and in multiples |
| Retail App (min) | Retail App (max) | Non-Retail (Rs2-10L App) | Non-Retail (>Rs10L min App) |
| 23 shares ₹ 14,789 | 299 shares up to ₹ 192,257 | 322 to 1,541 shares ₹ 207,046 to 990,863 | 1,564 shares and above ₹ 1,005,652 and above |
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
About Ventive Hospitality Limited
Established in 2002, Ventive Hospitality Ltd is predominantly a hospitality asset owner primarily focused on luxury offerings across business and leisure segments in India and the Maldives. Until August 2024, portfolio consisted of an integrated hospitality-led development comprising JW Marriott, Pune, ICC Offices, Pune and ICC Pavilion, Pune. In August 2024, acquired 10 operational hospitality assets (seven in India and three in Maldives) and two hospitality assets under development (one each in India and Sri Lanka). Pursuant to such Acquisition Transactions, company also acquired two Grade A office assets.
Portfolio consists of 11 operational hospitality assets in India and Maldives, totalling 2,036 keys across the luxury, upper upscale and upscale segment. Currently three hotels are under development stage at UP, Karnataka and Srilanka with estimated 367 keys.
About Industry
The India travel and tourism sector contributed Rs. 19.1 trillion of GDP in 2023 and is expected to contribute over Rs. 43 trillion by 2034. Domestic travel visits grew at a 13.5% CAGR between 2001-2019. HAI estimates that foreign tourists in India will cross 30 million by 2037 (from 9.3 million in 2023). The Maldives received 1.9 million foreign tourists in 2023 from various international source markets (including long-haul markets) (Source: Horwath HTL Report). 2 Pune currently ranks as the sixth largest office market in India in terms of completed stock.
| Ventive Hospitality Limited IPO Dates | UdhyamPitch on X | |
|---|---|
| Anchor Open | 19-Dec-24 |
| IPO Open | 20-Dec-24 |
| IPO Close | 24-Dec-24 |
| Allotment | 26-Dec-24 |
| Credit of Shares | 27-Dec-24 |
| Refund | 27-Dec-24 |
| Listing | 30-Dec-24 |
| Anchor Investor Lockin (50% of Anchor book investment) | |
| Anchor Investor Lockin (Balance 50% of Anchor book investment) | |
Kindly note UPI Mandate deadline is 5:00 pm IST on closing date. To avoid last minute issue, request you to approve UPI mandate before 4:00 pm IST on last day. In case, UPI mandate has not been approved during the prescribed time period, applications are liable to get rejected.
There are highly chances of variation in dates. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| Ventive Hospitality Limited IPO - Management Details: | |
|---|---|
| Atul I. Chordia, Chairman and Executive Director | |
| Ranjit Bharat Batra, CEO | |
| Paresh Bafn, Chief Financial Officer | |
| Pradip Bhatambrekar, Company Secretary and Compliance Officer | |
Visit DRHP / RHP for more details on Board of Directors and Management details.
| Ventive Hospitality Limited IPO - Details of Offer/Issue Breakup | UdhyamPitch on X | |||||
|---|---|---|---|---|---|
| Category | Quota (%) | No of Shares-Lower | No of Shares-Upper | Value (Rs Cr)-Lower | Value (Rs Cr)-Upper |
| QIB (Incl Anchor) | 75 | NA | 18,662,519 | NA | 1,200. |
| Non-Retail (NII) | 15 | NA | 3,732,504 | NA | 240. |
| Non-Retail (NII): >Rs10L | NA | 2,488,336 | NA | 160. | |
| Non-Retail (NII): Rs2L-Rs10L | NA | 1,244,168 | NA | 80. | |
| Retail | 10 | NA | 2,488,336 | NA | 160. |
| Employee | NA | . | . | ||
| Shareholder | NA | . | . | ||
| NA=Not Available or Not Calculated | Upper= Upper Price Band | Lower=Lower Price Band | |||||
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
Check IPO Allotment status of Ventive HospitalityIPO:
| Ventive Hospitality Limited - Anchor Lockin Dates and Details | |
|---|---|
| Anchor Investor Lockin (50% of Investment for 30 days) release of | |
| Anchor Investor Lockin (Balance Investment for 90 days) release of | |
Above information is automatically calculated based on estimations. Chances of errors/changes could be possible due to holidays and/or other conditions. Users are requested to Visit BSE, NSE, SEBI for more information or contact the Company/Merchant Banker/RTA for more information.
| Ventive Hospitality Limited - Documents | |
|---|---|
Disclaimer:
Above article only publishes details on the companies and about forthcoming / upcoming IPO' and are solely intended for educational purpose. We don't solicit or invite any interest of user to invest in any of the investment products. Please review DRHP/RHP/Prospectus for more details about the company, fundamentals and other details. Please visit respective sources to verify and know more details about the IPO. SME IPOs can be more volatile due to smaller market capitalization and liquidity. Prices may fluctuate significantly in response to market conditions. We advise users and/or investors to take opinion from certified and SEBI registered experts before taking any investment decisions.
| Source: SEBI, BSE, NSE |
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