Ventive Hospitality Limited IPO Allotment Status: Check Allotment Status Online on BSE, NSE & Kfin Technologies

26 December 2024
3 min read
Ventive Hospitality Limited IPO Allotment Status: Check Allotment Status Online on BSE, NSE & Kfin Technologies
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Incorporated in February 2002, Ventive Hospitality Limited operates in the hospitality sector, catering to both business and leisure segments. The company specializes in the development and management of high-end luxury hotels and resorts. Ventive Hospitality's Initial Public Offering (IPO) is set to list on the BSE and NSE today, December 26, 2024, with the tentative listing date scheduled for Monday, December 30, 2024.

IPO Details

The Ventive Hospitality IPO is a book-built issue valued at ₹1,600 crore, consisting entirely of a fresh issuance of 2.49 crore shares. The bidding period for the IPO opened on December 20, 2024, and concluded on December 24, 2024. The allotment of shares are likely to be finalized today on Thursday, December 26, 2024. The IPO is scheduled to be listed on the BSE and NSE, with the expected listing date set for Monday, December 30, 2024.

Use of Proceeds

The company plans to utilize the net proceeds from the fresh issue to achieve several objectives, including the repayment or prepayment, either in full or part, of certain borrowings along with the associated interest. Additionally, funds will be invested in its step-down subsidiaries, namely SS & L Beach Private Limited and Maldives Property Holdings Private Limited, to address their borrowing obligations and accrued interest. A portion of the proceeds will also be allocated for general corporate purposes.

Checking the Allotment Status

Steps to Check Allotment Status on BSE 

  1. Visit the IPO allotment page on the BSE website here.  
  2. Select the issue type as 'Equity.'  
  3. Select 'Ventive Hospitality Limited' from the dropdown menu.  
  4. Enter your application number or PAN (Permanent Account Number).  
  5. Clear the 'Captcha' to verify that you are not a robot. 
  6. Click on the 'Search' option to see your allotment status.

Steps to Check Allotment Status on NSE

  1. Visit NSE’s IPO bid verification page here.
  2. Register on the website if you are a new user.
  3. Select ‘Ventive Hospitality Limited’.
  4. Enter details such as your application number.
  5. Click on ‘Get Data’.

Steps to Check Allotment Status on Kfin Technologies

  1. Visit the IPO registrar Kfin Technologies website here.
  2. Choose 'Ventive Hospitality Limited' from the Select IPO dropdown menu.
  3. Select either Application No., Demat Account, or PAN.
  4. Enter the details as per the option selected.
  5. Enter the Captcha code and click on Submit. Your Ventive Hospitality IPO allotment status will be displayed on the screen.

Ventive Hospitality Business Overview

Ventive Hospitality Limited, established in February 2002, operates in the hospitality sector with a strong focus on catering to both business and leisure travelers. The company specializes in developing and managing high-end luxury hotels and resorts.

As of September 30, 2024, Ventive Hospitality manages 11 operational hospitality assets across India and the Maldives, offering a total of 2,036 keys across various upscale segments. These properties are operated or franchised by renowned global brands such as Marriott, Hilton, Minor, and Atmosphere.

The company's hotels are strategically located in prime business hubs like Pune and Bengaluru, popular tourist destinations like the Maldives, and key spiritual and cultural centres such as Varanasi. 

Its portfolio includes a pre-acquisition luxury asset, JW Marriott, Pune, while the post-acquisition assets feature properties such as The Ritz-Carlton, Pune; Conrad, Maldives; Anantara, Maldives; and Raaya by Atmosphere, Maldives.

Ventive Hospitality IPO Day 3 Subscription Status 

(December 24, 2024, End of Day)

By the third day of bidding, the Ventive Hospitality IPO received an overall subscription of 9.82 times the total shares available. The Non-Institutional Investors (NIIs) segment subscribed 13.87 times their allotted quota, while the Retail Investors segment saw a subscription of 5.94 times the shares reserved for them. The Qualified Institutional Buyers (QIBs) category recorded a subscription rate of 9.08 times, and the Employees category was subscribed 9.60 times.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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