The Ventive Hospitality IPO has attracted 0.71 times the subscription on its first day. As of December 20, 2024, investors placed bids for 1.02 crore shares, while 1.44 crore shares were on offer. The IPO opened on December 20, 2024, and will close on December 24, 2024. The price band for the shares ranges from ₹610 to ₹643, and investors can bid for a minimum of 23 shares in multiples of 23.
Key details of Ventive Hospitality IPO
The IPO consists of a fresh issue of ₹1,600 crore. The company will use ₹1,400 crore of this amount to repay or prepay borrowings. The remaining funds will support general corporate purposes.
On December 19, 2024, Ventive Hospitality raised ₹719.54 crore from anchor investors. The company allotted 1.11 crore shares at ₹643 each to 26 investors, reflecting strong early support.
About Ventive Hospitality
Ventive Hospitality (VHL) owns premium hospitality assets, focusing on the luxury business and leisure segments. The company operates its properties through global brands such as Marriott, Hilton, Minor, and Atmosphere. VHL is a joint venture between Panchshil Realty and Blackstone.
Ventive Hospitality’s financials
For the six months ending September 30, 2024, Ventive Hospitality posted a consolidated net loss of ₹137.83 crore. Its sales for the period reached ₹846.44 crore. Despite the loss, the company’s partnerships with leading global brands and its focus on luxury hospitality position it for long-term success.
This IPO will help Ventive Hospitality strengthen its financial position and expand into new markets. The company’s well-established brand partnerships and luxury offerings provide a solid foundation for future growth.
