Great response to Ventive Hospitality IPO
Ventiv Hospitality’s IPO has received an excellent response from investors. The issue has been subscribed 5.03 times till the last day of subscription. It has received bids for 7.25 crore shares, while only 1.44 crore shares are available on offer. Investors have the opportunity to invest in this IPO till 24 December 2024. The company plans to raise Rs 1,600 crore through this public offering, and for this the price band has been fixed at Rs 610-643 per share.
Category-wise subscription details
Subscription data from various categories in IPO:
- Qualified Institutional Buyers (QIB): 2.92 times
- Non-Institutional Investors (NII): 9.64 times
- Retail Investors: 4.43 times
- Employee Reserve: 7.98 times
- Total Subscription: 5.03 times
(Data updated: 24 December 2024, 02:51 PM)
Introduction to Ventive Hospitality
Ventiv Hospitality is a leading company specializing in the operation, development, and asset management of luxury and business hotels and resorts. The company has 11 fully operational hotels and resorts in India and Maldives, with two more under construction.
- Promoters: Panchsheel Realty and Blackstone, which hold 80.90% stake in the company.
- Share Listing: After the closing of the IPO, shares of Ventiv Hospitality will be listed on BSE and NSE on December 30.
Use of funds received from IPO
Rs 1,600 crore raised from the IPO will be used for the following purposes:
- loan repayment: The company will invest Rs 1,400 crore in reducing its total debt.
- General Corporate Requirements: The remaining funds will be used for general purposes.
Company Debt: As of September 2024, Ventiv Hospitality had a total debt of Rs 3,609.5 crore.
Investment opportunities in IPO
- 75% share: Reserved for Qualified Institutional Buyers (QIB).
- 10% share: For retail investors.
- 15% share: For non-institutional investors.
- Employee Reserve: Shares worth Rs 1 crore for company employees.
Ventive Hospitality’s financial position
Take a look at the company’s recent financial performance:
- FY 2023-24: Net loss of Rs 66.7 crore.
- FY 2022-23: Profit of Rs 15.7 crore.
- Revenue:
- In FY 2023: Rs 1,699.4 crore.
- In FY 2024: Rs 1,842 crore (growth of 8.4%).
- FY 2025 (1st half): The company’s revenue in April-September was Rs 846.4 crore, but a loss of Rs 137.8 crore was also recorded.
Listed competing companies
Competitive players in the Ventive Hospitality market include:
- CHALET HOTELS
- Samhi Hotels
- Juniper Hotels
- Indian Hotels Company
- EIH
- Lemon Tree Hotels
- APJ Surendra Park Hotels
