Ventive Hospitality IPO Price: ₹610 to ₹643 per share
IPO Dates: December 20, 2024 to December 24, 2024
About Ventive Hospitality Limited
Incorporated in February 2002, Ventive Hospitality Limited specializes in the hospitality industry, catering to both business and leisure travelers. The company is focused on developing and managing high-end luxury hotels and resorts.
Hospitality Portfolio (as of September 30, 2024):
- Operates 11 hospitality assets across India and the Maldives.
- The portfolio includes 2,036 keys, spanning various upscale and luxury segments.
Hotel Operations:
Ventive Hospitality’s assets are operated by or franchised under globally renowned brands such as Marriott, Hilton, Minor, and Atmosphere.
Prime Locations:
- Hotels are situated in key business hubs like Pune and Bengaluru.
- Tourist destinations like the Maldives.
- Significant cultural and spiritual centers such as Varanasi.
Key Luxury Properties:
- Pre-acquisition: JW Marriott, Pune.
- Post-acquisition: JW Marriott, Pune; The Ritz-Carlton, Pune; Conrad, Maldives; Anantara, Maldives; and Raaya by Atmosphere, Maldives.
Workforce (as of September 30, 2024):
- 2,791 permanent employees.
- 632 contract personnel employed across its hospitality assets.
Competitive Strengths
- Premium Hospitality Assets: Complemented by Grade A annuity assets for added stability.
- Track Record of Growth: Proven expertise in development and acquisition-led expansion in India and the Maldives.
- Renowned Promoters: Combining global insights with local expertise.
- Experienced Management Team: Professional leadership with a strong record of success.
- Active Asset Management: Demonstrated ability to enhance value through operational efficiency.
- Industry Opportunities: Positioned to capitalize on favorable trends in the hospitality sector.
Bidding Starts In
Ventive Hospitality IPO Details
| IPO Date | December 20, 2024 to December 24, 2024 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | ₹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) |
| Employee Discount | 30.00 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 20,86,57,830 shares |
| Share Holding Post Issue | 23,35,41,188 shares |
Ventive Hospitality IPO Timeline (Tentative Schedule)
Ventive Hospitality IPO 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 |
| 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 |
Ventive Hospitality IPO Lot Size
Bidders have the opportunity to bid for a minimum of 35 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 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 Limited Financial Information (Proforma Consolidated)
Ventive Hospitality Limited’s revenue increased by 8% and profit after tax (PAT) dropped by -526% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 |
Key Performance Indicator
The market capitalization of Ventive Hospitality IPO is Rs 15016.70 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| RoNW | -1.82% |
| Price to Book Value | 3.66 |
Objects of the Issue (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.
Ventive Hospitality IPO Prospectus
› Ventive Hospitality IPO DRHP
