Ventive Hospitality IPO Details:
- Price Band: ₹610-₹643 per share (face value Re 1).
- Subscription Dates: December 20-24, 2024.
- Anchor Investor Allocation: December 19.
- Lot Size: 23 shares and multiples thereof.
Investor Allocation:
- QIBs: 75%, NIIs: 15%, Retail: 10%, Employees: ₹10 million reserved.
Key Dates:
- Allotment Finalization: December 26
- Refunds/Share Credit: December 27
- Listing Date: December 30 (BSE & NSE).
Use of Funds:
- Repayment of borrowings, interest payments for subsidiaries, and general corporate purposes.
Company Overview:
Ventive Hospitality owns luxury hospitality assets managed/franchised by global brands like Marriott, Hilton, and Atmosphere, focusing on business and leisure markets.
Financials:
Hotel operations contribute 68%-72% of revenue (FY22-FY24).
Peers:
Chalet Hotels, Indian Hotels, EIH, Lemon Tree Hotels, and others.
Issue Size:
₹1,600 crore (entirely fresh issue).
Lead Managers: JM Financial, Axis Capital, HSBC, ICICI Securities, IIFL Securities, Kotak Mahindra Capital, SBI Capital Markets.
Registrar: KFin Technologies.
