Ventive Hospitality IPO Live
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Schedule of Ventive Hospitality
| Issue open date | 20 Dec 2024 |
| Issue close date | 24 Dec 2024 |
| UPI mandate deadline | 24 Dec 2024 (5 PM) |
| Allotment finalization | 26 Dec 2024 |
| Refund initiation | 27 Dec 2024 |
| Share credit | 27 Dec 2024 |
| Listing date | 30 Dec 2024 |
| Mandate end date | 08 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 25 Jan 2025 |
| Lock-in end date for anchor investors (remaining) | 26 Mar 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Ventive Hospitality
Ventive Hospitality Limited is a leading luxury hospitality asset owner with 11 premium properties across India and the Maldives, featuring renowned brands like JW Marriott, The Ritz-Carlton, and Conrad. With a portfolio of 2,036 keys, our luxury assets contribute over 80% of our pro forma revenue from hotel operations. Their award-winning properties command ARR premiums in their respective markets, driven by superior offerings and exceptional customer experiences. Supported by a proven track record of acquisitions and development, they have added over 1,000 keys since 2019. Their IPO offers a unique opportunity to invest in a high-growth luxury hospitality portfolio backed by global operators.
Financials of Ventive Hospitality
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹1600 crores |
| Fresh Issue | ₹1600 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment/prepayment of certain borrowings | 1400 |
Strengths
- Owns premium hotels in India and the Maldives (JW Marriott, Ritz-Carlton).
- The luxury segment drives 80%+ of hotel revenue.
- Commands premium room rates.
- Strong acquisition-led growth since 2019.
Risks
- Reliance on the luxury segment makes it vulnerable to economic downturns.
- High debt from acquisitions.
- Legal and regulatory risks in India and the Maldives.
- Dependency on global operators for asset management.
Subscription Figures for Ventive Hospitality
Subscription numbers as of 5:00 PM on 20 Dec 2024:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 78.64 | 82.44 | 1.05x |
| HNI (₹2L+) | 39.32 | 3.74 | 0.10x |
| Retail (upto ₹2L) | 26.21 | 15.89 | 0.61x |
| Employees | 0.17 | 0.31 | 1.82x |
| Total | 144.34 | 102.39 | 0.71x |