Ventive Hospitality Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹610 - ₹643
- Lot size
- 23 shares
- Issue amount
- ₹1,600 cr
- Total subscription
- 10.35×
- Opens
- 20 Dec 2024
- Closes
- 24 Dec 2024
- Allotment
- 26 Dec 2024
- Listing
- 30 Dec 2024
Offer at a glance
Issue overview
- Issue size
- 2,48,83,778 shares
- Face value
- ₹1 Per Share
- Minimum investment
- ₹14,030
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,789
- Issue type
- Bookbuilding IPO
- Shares before issue
- 20,86,57,830
- Shares after issue
- 23,35,41,188
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 23 | ₹14,789 |
| sHNI | 14 | 322 | ₹2,07,046 |
| bHNI | 68 | 1,564 | ₹10,05,652 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| Category | Applied | Reserved |
| HNIs (10L+) | 7,723 | 22,315 |
| HNIs (2-10L) | 3,861 | 46,025 |
| Retail | 1,08,121 | 5,95,698 |
| Employee | 0 | 5,396 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 479.7 | 4,593.69 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | -7.97 | -5.24 | -0.71 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | -0.55 | 50.31 | 80.11 |
| PRE IPO | 0 | -201.01 | 0 |
| POST IPO | -54.48 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Ventive Hospitality Limited, incorporated in February 2002, is a luxury-focused hospitality company operating across business and leisure segments. As of September 30, 2024, it manages 11 premium hospitality assets in India and the Maldives, offering 2,036 keys across high-end categories. Its properties are strategically located in major business hubs like Pune and Bengaluru, popular tourist destinations such as the Maldives, and cultural centers like Varanasi. Ventive partners with globally renowned operators including Marriott, Hilton, Minor, and Atmosphere, with marquee assets such as JW Marriott Pune (pre-acquisition) and The Ritz-Carlton Pune, Conrad Maldives, Anantara Maldives, and Raaya by Atmosphere (post-acquisition). Supported by 2,791 permanent employees and 632 contractual staff, the company ensures seamless operations and exceptional guest experiences across its luxury portfolio.
Strengths
- Premium Hospitality Portfolio: High-end luxury hotels, resorts, and Grade A annuity assets ensure stable and diversified revenue.
- Proven Expansion Strategy: Strong track record of strategic developments and acquisitions in prime destinations across India and the Maldives.
- Experienced Promoters: Backed by renowned leaders with deep global and local industry expertise.
Risk factors
- Third-Party Dependency: Heavy reliance on external operators and franchised brands exposes the company to reputational and service quality risks.
- Integration Challenges: Recent and future acquisitions pose operational and financial integration risks that may extend losses.
- Limited Track Record: Short consolidated operating history and recent losses make future performance uncertain.
Promoters
Atul I. Chordia
Atul I. Chordia HUF
Premsagar Infra Realty Private Limited
BRE Asia ICC Holdings Ltd
BREP Asia III India Holding Co VI Pte. Ltd
Registrar & documents
Lead manager
Axis Capital Limited, Hsbc Securities & Capital Markets Private Limited, Jm Financial Limited, ICICI Securities Limited, IIFL Capital Services Limited, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
2 nd Floor, Tower D, Tech Park One Yerwada Pune, 411006
+91 2069061900
[email protected]Company website ↗Understanding VENTIVE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.