Ventive Hospitality IPO Day 2 - Key Highlights, Subscription Status & Business Details
Founded in 2002, Ventive Hospitality is a hospitality services provider specialising in luxury hotels and resorts. The initial public offering (IPO) of Ventive Hospitality opened on December 20, 2024, and will close on December 24, 2024.
Ventive Hospitality IPO Details
- The company is aiming to raise 1600 crore through its IPO through an entirely fresh issue of 2.49 crore shares.
- The issue opened on December 20, 2024, and is scheduled to close on December 24, 2024.
- The price band is set between ₹610 to ₹643 per share.
- Provision for up to 16,313 shares is reserved for employees, available at a ₹30 discount per share to the issue price.
- Shares for Ventive Hospitality IPO will be allotted by December 26, 2024.
- The Ventive Hospitality IPO listing date for NSE and BSE is December 30, 2024.
- Retail investors can apply with a minimum lot size of 23 shares, requiring an investment of ₹14,789. For small non-institutional investors, the minimum investment is 14 lots (322 shares), totalling ₹2,07,046. For large non-institutional investors, the minimum requirement is 68 lots (1,564 shares), amounting to ₹10,05,652.
- Book-running lead managers for Ventive IPO are Jm Financial Limited, Axis Capital Limited, HSBC Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, Iifl Securities Ltd, Kotak Mahindra Capital Company Limited, and SBI Capital Markets Limited.
- Kfin Technologies Limited is serving as the registrar for the IPO.
Use of Proceeds
- To repay or prepay certain company borrowings, including interest accrued on these loans.
- To invest in step-down subsidiaries, SS & L Beach Private Limited and Maldives Property Holdings Private Limited, to repay their borrowings and cover associated interest costs.
- To pay for general corporate purposes.
Ventive Hospitality IPO Day 2 Subscription Status
December 23, 2024, 2:44:28 PM (Day 2)
On Day 2, Ventive Hospitality IPO was subscribed 1.12 times, with Retail Investors subscribing 1.51 times, Employees 4.2 times, Non-Institutional Buyers 0.86 times, and Qualified Institutional Buyers 1.11 times.
Ventive Hospitality IPO Day 1 Subscription Status
On Day 1, the Ventive Hospitality IPO was subscribed 0.75 times. The Retail Investors portion saw 0.65x subscription, Non-Institutional Buyers 0.1x, and the Qualified Institutional buyers segment was 1.11x.
Ventive Hospitality Business Overview
The premier division of Panchshil Realty, Ventive Hospitality, operates 11 fully operational hotels and resorts, with two properties in Varanasi and Sri Lanka under construction. Along with this, the company also manages 3.4 million sq. ft. of commercial and retail space.
The company’s portfolio includes properties in prime urban locations like Pune, Bengaluru, and Maldives. Notable names include DoubleTree by Hilton (Pune),
Courtyard by Marriott (Pune), Aloft Bengaluru Whitefield, Raaya by Atmosphere, Maldives, and more.
Ventive Hospitality Financial Highlights
- As of 31st March 2024, the company’s revenue from operations increased to Rs 477.98 crore from Rs 430.813 crore. For the six months ended 30 September 2024, revenue stood at Rs 372.778 crore.
- As of 31 March 2024, the company recorded a profit of Rs 166.32 crore, compared to a profit of Rs 131.27 crore in the previous years. However, for the six months ended 30 September 2024, the company made a loss of Rs 20.76 crores.
Key Ratios
|
Year |
FY24 |
|
ROE |
0.66% |
|
ROCE |
0.31% |
|
EBITDA Margin |
60.75% |
|
PAT Margin |
33.62% |