Ventive Hospitality’s first public offering, supported by investment management company Blackstone, was subscribed to 1.28 times until 5.00 p.m. on Monday, the second day of bidding.
Consolidated bid data in NSE indicates that 1,84,68,011 shares were bid on during the initial public offering (IPO), out of the 1,44,34,453 equity shares that were available.
Subscription across all categories
When bids were received for 95,81,409 shares out of the 78,63,934 shares available, the portion designated for qualified institutional buyers (QIBs) received 1.22 times the subscription.
Compared to the 39,31,967 shares that were up for grabs, the non-institutional investor category received 1.07 times subscriptions with bids for 42,01,663 shares.
The portion of retail investors that was booked was 1.76 times because bids were received for 46,00,529 shares out of the 26,21,311 shares that were reserved.
Issue size and structure
The book-built Ventive Hospitality IPO is worth Rs 1,600.00 crores. 2.49 crore shares are being offered in a completely fresh issue. The issue offers employees a reservation of up to 16,313 shares at a discount of Rs 30.00 off the issue price.
At the Ventive Hospitality IPO, 2,48,84,119 shares are available. QIB will receive 74,60,342 shares amounting to 29.98 per cent, NII will receive 37,30,171 shares adding up to 14.99 per cent, RII will be alloted 24,86,781shares roughly 9.99 per cent, employees received 16,313shares 0.07 per cent, and anchor investors received 1,11,90,513 44.97 per cent.
Price band and minimum bid
The price range for Ventive Hospitality’s IPO is Rs 610 to Rs 643 per share. An application must have a minimum lot size of 23. Retail investors must make a minimum investment of Rs 14,789.
For bNII, the minimum lot size investment is 68 lots comprising of 1,564 shares amounting to Rs 10,05,652, and for sNII, it is 14 lots including 322 shares, amounting to Rs 2,07,046, respectively.
IPO subscription and listing dates
The subscription period for the Ventive Hospitality IPO bidding began on December 20, 2024, and it will end on December 24, 2024. On Thursday, December 26, 2024, the Ventive Hospitality IPO allotment is anticipated to be finalized.
The tentative listing date for Ventive Hospitality’s initial public offering (IPO) is set for Monday, December 30, 2024, on the BSE and NSE.
Book running lead manager and registrar
Axis Capital, JM Financial, IIFL Capital Services Ltd, Kotak Mahindra Capital Company, ICICI Securities, HSBC Securities and Capital Markets (India) Pvt Ltd, and SBI Capital Markets are the lead managers in charge of bookkeeping. This registrar is Kfin Technologies.
Disclaimer This article is for informational purposes only and does not constitute financial advice. Investing in IPOs involves risks and potential volatility. Readers are advised to conduct their own research and consult a financial advisor before making investment decisions. The author and publisher are not responsible for any financial losses incurred by readers.
