Ventive Hospitality IPO Subscription: Sturdy response from buyers on the final day, subscribed 5 instances to date – #INA

Ventive Hospitality IPO: Ventiv Hospitality’s IPO is getting good response from buyers. The problem has been subscribed 5.03 instances to date on the final day of subscription. It has obtained bids for a complete of seven.25 crore shares, whereas there are 1.44 crore shares on supply. Traders could have the chance to speculate on this IPO until December 24. The corporate desires to boost Rs 1,600 crore from its public difficulty. For this, the worth band of Rs 610-643 per share has been fastened.

Ventive Hospitality IPO: Categorywise subscription particulars

Certified Institutional Consumers (QIB) – 2.92 instances

Retail Traders – 4.43 instances

Worker Reserve – 7.98 instances

Whole – 5.03 instances

(24 Dec 2024 | 02:51:00 PM)

Ventiv Hospitality is an proprietor, developer and asset supervisor of luxurious and enterprise inns and resorts. It has 11 totally operational inns and resorts in India and Maldives. 2 extra inns are being constructed. Panchsheel Realty and Blackstone as promoters personal 80.90 % of the corporate. Earlier than the IPO, anchor buyers will have the ability to bid on December 19. After the closing of the IPO, the itemizing of shares will happen on BSE and NSE on December 30.

How will the IPO cash be used?

Ventiv Hospitality will use Rs 1,400 crore from its IPO proceeds to repay debt. The remaining cash might be used for basic company functions. As of September 2024, the corporate had a complete debt of Rs 3,609.5 crore.

75 % of the IPO is reserved for certified institutional consumers, 10 % for retail buyers and the remaining 15 % for non-institutional buyers. Shares price Rs 1 crore are reserved for the corporate’s workers within the IPO.

Ventive Hospitality’s monetary place

Ventiv Hospitality reported a web lack of Rs 66.7 crore in FY 2023-24. Within the earlier monetary 12 months, the corporate had made a revenue of Rs 15.7 crore. Income elevated by 8.4 % to Rs 1,842 crore throughout FY 2024 from Rs 1,699.4 crore in FY 2023. Even within the first half of the present monetary 12 months 2025 April-September, Ventiv Hospitality recorded a income of Rs 846.4 crore and a lack of Rs 137.8 crore. The corporate’s listed rivals embody names like Charlotte Accommodations, Samhi Accommodations, Juniper Accommodations, Indian Accommodations Firm, EIH, Lemon Tree Accommodations and APJ Surendra Park Accommodations.

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