Ventive Hospitality Limited, founded in February 2002, is a prominent player in the hospitality sector, offering services to both business and leisure travelers. Specializing in high-end luxury hotels and resorts, the company is set to make its debut on the stock market. The Ventive Hospitality Limited IPO is slated for listing today, December 26, 2024, with shares expected to be available for trading on the BSE and NSE by Monday, December 30, 2024.
IPO Details at a Glance
The Ventive Hospitality IPO is a book-built issue with a total value of ₹1,600 crore. It consists solely of a fresh issuance of 2.49 crore shares. The bidding period for the IPO took place from December 20 to December 24, 2024, and the share allotment is expected to be finalized on December 26, 2024. The IPO listing date has been set for December 30, 2024 on the BSE and NSE.
| IPO Details | Information |
|---|---|
| IPO Size | ₹1,600 Crore |
| Shares Issued | 2.49 Crore Shares |
| IPO Bidding Period | December 20–24, 2024 |
| Allotment Finalization Date | December 26, 2024 |
| Listing Date | December 30, 2024 |
How the Funds Will Be Used
The net proceeds from the fresh issuance of shares will be utilized to achieve several key objectives:
- Repayment or prepayment of borrowings, including interest.
- Investment in step-down subsidiaries, SS & L Beach Private Limited and Maldives Property Holdings Private Limited, to help cover their borrowing obligations and interest payments.
- A portion of the funds will also be used for general corporate purposes.
How to Check the Allotment Status
If you’ve applied for the Ventive Hospitality Limited IPO, here’s how you can check your allotment status:
1. Check Allotment Status on BSE:
- Visit the BSE IPO allotment page.
- Select ‘Equity’ as the issue type.
- From the dropdown, choose ‘Ventive Hospitality Limited’.
- Enter your application number or PAN (Permanent Account Number).
- Complete the CAPTCHA to verify you’re not a robot.
- Click on Search to view your allotment status.
2. Check Allotment Status on NSE:
- Go to the NSE IPO bid verification page.
- Register or log in if you are a new user.
- Select ‘Ventive Hospitality Limited’.
- Enter your application number and click on Get Data to view the allotment status.
3. Check Allotment Status on Kfin Technologies:
- Visit the Kfin Technologies IPO registrar website.
- From the dropdown, select ‘Ventive Hospitality Limited’.
- Choose whether to search using Application Number, Demat Account, or PAN.
- Enter the required details and CAPTCHA, then click Submit to see your allotment.
Ventive Hospitality Limited Business Overview
Ventive Hospitality operates a network of luxury hotels and resorts catering to business and leisure travelers. As of September 30, 2024, the company manages 11 operational properties across India and the Maldives, totaling 2,036 keys. These assets are either operated or franchised under well-known global brands like Marriott, Hilton, Minor, and Atmosphere.
Strategically located in major business hubs such as Pune and Bengaluru, along with popular tourist destinations like the Maldives, Ventive’s portfolio also extends to culturally and spiritually significant locations like Varanasi.
Some of the prominent properties in the company’s portfolio include:
- JW Marriott, Pune (pre-acquisition).
- The Ritz-Carlton, Pune.
- Conrad, Maldives.
- Anantara, Maldives.
- Raaya by Atmosphere, Maldives.
IPO Subscription Status
As of the third day of the Ventive Hospitality IPO (December 24, 2024), the IPO has witnessed an overwhelming response, with an overall subscription rate of 9.82 times the total shares available. Here’s a breakdown of the subscriptions:
| Category | Subscription Rate |
|---|---|
| Non-Institutional Investors | 13.87 times |
| Retail Investors | 5.94 times |
| Qualified Institutional Buyers (QIBs) | 9.08 times |
| Employees | 9.60 times |
This high subscription rate suggests strong investor interest in Ventive Hospitality Limited.
Ventive Hospitality IPO Review
The Ventive Hospitality IPO price has garnered positive feedback from analysts. Investors are drawn to the company’s strong growth potential, given its well-established brand portfolio and presence in high-demand markets. The strategic locations of its assets, combined with the rising demand in the hospitality industry, make this IPO an attractive investment option.
By checking the Ventive Hospitality IPO allotment status on BSE, NSE, or Kfin Technologies, you can easily find out if you’ve been allotted shares. Keep an eye on the Ventive Hospitality share price post-listing, as the market response to the IPO could reflect the company’s growth trajectory.
If you are also interested in other IPOs like Carraro India IPO, stay tuned for updates regarding their GMP (Grey Market Premium) and subscription status.
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