Ventive Hospitality IPO
Ventive Hospitality IPO — date, price band, lot size & details 2024
Ventive Hospitality listed on 30 Dec 2024 at ₹716, 11.4% above the ₹643 issue price.
Ventive Hospitality is a hospitality asset owner focused on luxury hotels across business and leisure segments in India and the Maldives, backed by Blackstone and the Panchshil group. Its proforma total income was Rs 1,907.38 crore in FY2024.
Stock price
Ventive Hospitality is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 20 Dec 2024
- Close 24 Dec 2024
- Allotment 26 Dec 2024
- Refund/credit 27 Dec 2024
- Listing 30 Dec 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 20 to 24 Dec, 2024 |
|---|---|
| Price Band | ₹610 – ₹643 |
| Face Value | ₹1 |
| Lot Size | 23 Shares |
| Issue Size | ₹1600 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 30.00 per share |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,789 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 23 shares at the ₹643 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 23 | ₹14,789 |
| Retail (max) | 13 | 299 | ₹1,92,257 |
| S-HNI (min) | 14 | 322 | ₹2,07,046 |
| S-HNI (max) | 67 | 1,541 | ₹9,90,863 |
| B-HNI (min) | 68 | 1,564 | ₹10,05,652 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Proforma total income rose from Rs 1,197.61 crore in FY2022 to Rs 1,907.38 crore in FY2024.
- 02The whole Rs 1,600 crore issue was fresh capital, mostly for repaying debt.
- 03Its portfolio includes 10 operating hospitality assets acquired in August 2024, across India and the Maldives.
- 04It focuses on the luxury segment, including JW Marriott Pune, with 2 more hotel assets under development.
- 05Proforma net worth was Rs 3,665.83 crore on 31 March 2024.
Risks · 5
- 01On a proforma basis it made losses of Rs 146.20 crore in FY2022, Rs 66.75 crore in FY2024 and Rs 137.83 crore in the six months to 30 September 2024.
- 02Proforma borrowing was Rs 3,682.13 crore on 31 March 2024.
- 03With proforma losses, the P/E was negative, and the market value at Rs 643 was Rs 15,016.70 crore.
- 04Hotel demand is cyclical, and the 3 Maldives assets add currency and travel risk.
- 05Promoters held 99.59% before the issue and 88.98% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Ventive Hospitality offer document.
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 8,794.10 | 8,606.17 | 8,010.41 | |
| Total Income | 875.90 | 1,907.38 | 1,762.19 | 1,197.61 |
| Profit After Tax | -137.83 | -66.75 | 15.68 | -146.20 |
| NET Worth | 3,665.83 | 3,657.15 | 3,441.39 | |
| Total Borrowing | 3,682.13 | 3,599.66 | 3,291.07 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Ventive Hospitality RHP.
Where the money goes
₹1,519.46 Cr of the issue is earmarked to named objects.
About the company
Until August 2024 it owned an integrated development in Pune with JW Marriott Pune, ICC Offices and ICC Pavilion. In August 2024 it acquired 10 operating hospitality assets, seven in India and three in the Maldives, two assets under development and two Grade A office assets.
Because of these acquisitions, the financial table shows the RHP's proforma figures, which treat the acquired assets as owned throughout. No proforma balance sheet was prepared for 30 September 2024. Its promoters include Atul I. Chordia, Premsagar Infra Realty and Blackstone entities.
The IPO was Rs 1,600 crore and was entirely fresh issue. The money was mainly planned for repaying borrowings of the company and its subsidiaries.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Ventive Hospitality IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
125 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
HSBC Securities & Capital Markets (India) Pvt. Ltd.
20 issues handledBest listing: Tenneco Clean Air India (+27.2%). Weakest: Nuvoco Vistas Corporation (-14.9%).
SBI Capital Markets Ltd.
70 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: Kalyan Jewellers India (-15.0%).
Axis Capital
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
133 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Kotak Mahindra Capital Company Limited
93 issues handledBest listing: Premier Energies (+120.0%). Weakest: Rategain Travel Technologies (-15.3%).
IIFL Capital Services Limited
116 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: Rategain Travel Technologies (-15.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Ventive Hospitality?
The current Grey Market Premium is ₹70, or 11% over the issue price.
What is the Ventive Hospitality IPO price band?
₹610 to ₹643, on a face value of ₹1.
When is the allotment?
The basis of allotment is 26 December 2024, with listing on 30 December 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
