Ventive Hospitality Limited is set to launch its public offering. The issue will open on 20 December, 2024 (Friday) and close on 24 December, 2024 (Tuesday). This is a Book Built Issue. Through this offering, the company aims to raise approximately ₹1,600 crores from potential investors.
The public offering consists entirely of a Fresh Issue of 2,48,83,358 equity shares amounting to ₹1,600 crores. The face value of the shares is ₹1 per share, and the issue price range is set at ₹610 to ₹643 per share. Investors can bid for a minimum lot size of 23 shares.
IPO Important Highlights
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Open Date | 20 December, 2024 |
| IPO Close Date | 24 December, 2024 | |
| Pricing Information | Face Value | ₹1 per share |
| Price Band | ₹610 to ₹643 per share | |
| Offer for Sale | N/A | |
| Offer Structure | Total Issue Size | 2,48,83,358 shares (amounting up to ₹1,600.00 Cr) |
| Fresh Issue | 2,48,83,358 shares (amounting up to ₹1,600.00 Cr) | |
| Investor Details | Lot Size | 23 Shares |
| Listing Exchange | BSE, NSE | |
| IPO Type | Book Built Issue |
Key Dates to Remember
| Event | Date |
|---|---|
| IPO Opening Date | 20 December 2024 (Friday) |
| IPO Closing Date | 24 December 2024 (Tuesday) |
| Finalisation of Basis of Allotment | 26 December 2024 (Thursday) |
| Initiation of Refunds | 27 December 2024 (Friday) |
| Credit of Shares to Demat Account | 27 December 2024 (Friday) |
| Listing Date | 30 December 2024 (Monday) |
What is GMP of Ventive Hospitality IPO Today?
As of December 20, 2024, the Grey Market Premium (GMP) for the Ventive Hospitality IPO is ₹63. This indicates that the shares are expected to list at approximately ₹706 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company Financial Standing
| Period | 30 Sep 2024 (₹ Crore) | FY 24 (₹ Crore) | FY 23 (₹ Crore) | FY 22 (₹ Crore) |
|---|---|---|---|---|
| Total Assets | - | 8,794.10 | 8,606.17 | 8,010.41 |
| Total Revenue | 875.90 | 1,907.38 | 1,762.19 | 1,197.61 |
| Total Expense | 352.45 | 289.52 | 282.57 | 201.48 |
| Profit After Tax | -137.83 | -66.75 | 15.68 | -146.20 |
| Company’s Net Worth | - | 3,665.83 | 3,657.15 | 3,441.39 |
| Total Reserves & Surplus | 3,036.19 | 324.01 | 157.33 | 204.37 |
Company’s Key Metrics (FY 2024)
| Key Performance Indicator | Value (31 Mar 2024) |
|---|---|
| Return on Net Worth (RONW) | 50.31% |
| Net Asset Value (NAV) | ₹31.65 |
| Earnings Per Share (EPS) | -₹5.24 |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum Lot) | 1 | 23 | ₹14,789 |
| Retail Investor (Maximum Lot) | 13 | 299 | ₹1,92,257 |
| Small HNI Investor (Minimum Lot) | 14 | 322 | ₹2,07,046 |
| Small HNI Investor (Maximum Lot) | 67 | 1,541 | ₹9,90,863 |
| Big HNI Investor (Minimum Lot) | 68 | 1,564 | ₹10,05,652 |
Investor Category-Wise Reservation
| Investor Category | Reservation |
|---|---|
| Shares Reserved for QIB | 75% of the Net Issue |
| Shares Reserved for Retail Investors | 10% of the Net Issue |
| Shares Reserved for Non-Institutional Investors (NII) | 15% of the Net Issue |
Cash Flow Overview
| Net Cash Flow | For the Period Ended 30 Sep 2024 (₹ in crores) | FY 2024 (₹ in crores) | FY 2023 (₹ in crores) | FY 2022 (₹ in crores) |
|---|---|---|---|---|
| Net Cash Flow from Operating Activities | 130.87 | 265.06 | 215.22 | 128.89 |
| Net Cash Flow from Investing Activities | -1,960.93 | -198.12 | 10.80 | -40.81 |
| Net Cash Flow from Financing Activities | 1,651.22 | -57.05 | -219.45 | -83.36 |
| Net Increase/(Decrease) in Cash and Cash Equivalents | -178.85 | 9.89 | 6.57 | 4.72 |
Peer Comparison: EPS, PE Ratio, and Face Value
| Company Name | Face Value (₹) | EPS* Basic (₹) | P/E Ratio |
|---|---|---|---|
| Ventive Hospitality | 1.00 | 15.92 | [●] |
| Samhi Hotels Limited | 1.00 | (14.67) | - |
| Apeejay Surrendra Park Hotels Limited | 1.00 | 3.82 | 42.96 |
| Lemon Tree Hotels Limited | 10.00 | 1.88 | 69.10 |
| Chalet Hotels Limited | 10.00 | 13.54 | 66.04 |
| Juniper Hotels Limited | 10.00 | 1.46 | 244.86 |
| The Indian Hotels Company Limited | 1.00 | 8.86 | 87.89 |
| EIH Limited | 2.00 | 10.22 | 36.68 |
Key Objectives of this IPO
The funds raised through this issue will be used for the following purposes.
- Fund Utilization for Pre-IPO Acquisitions.
- Debt Repayment and Working Capital.
- General Corporate Purposes.
- Listing on Recognized Stock Exchanges.
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
Looking for more IPO reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Commonly Asked Questions
Q1. What are the opening and closing dates for the Ventive Hospitality Public Issue?
The issue opens on 20 December, 2024, and closes on 24 December, 2024.
Q2. Who are the lead managers for this Public Issue?
The lead managers are:
- JM Financial Limited
- Axis Capital Limited
- HSBC Securities and Capital Markets (India) Private Limited
- ICICI Securities Limited
- IIFL Capital Services Limited
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited.
Q3. Who is the registrar for the Ventive Hospitality IPO?
The registrar is KFin Technologies Limited.
Q4. What is the issue price for the Ventive Hospitality public issue?
The issue price is *.
Q5. What is the minimum lot size for retail investors in this offer?
The minimum lot size is * shares, amounting to *.
Q6. What are the main objectives of the Public Issue?
The objectives include:
- Repayment or prepayment of certain borrowings.
- Funding general corporate purposes.
- Facilitating a partial exit for existing shareholders and promoters.
- Enhancing visibility and market presence through listing.
Q7. On which stock exchanges will the shares be listed?
The shares are proposed to be listed on BSE and NSE.
Q8. What is the total issue size for the Ventive Hospitality issue?
The total issue size is * equity shares, amounting up to *.
Q9. When will the allotment and refund process begin?
The allotment process is expected to begin on 26 December, 2024, and refunds will be initiated soon after.
Q10. When will the shares be credited to the Demat account?
The shares are expected to be credited to investors’ Demat accounts on 27 December, 2024.
Q11. What is the expected listing date for the offer?
The shares are expected to list on 30 December, 2024.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Ventive Hospitality IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
Don’t miss out on the latest IPOs – Click here to Find Upcoming IPOs.
“Invest Smarter, Faster – Click Here to Open Your Free Demat Account Today!”
“If this article was useful to you, feel free to share it with others who might find it helpful. Your feedback is important, so drop your questions or thoughts in the comments—we’d love to hear from you!”
Looking for the latest updates on upcoming IPOs? Explore detailed insights, expert reviews, and key information on these trending IPOs:
New Malayalam Steel Ltd IPO 2024 Price, GMP & Important Dates – A Complete Report
Dam Capital Advisors Ltd IPO 2024 Price, GMP & Allotment – A Comprehensive Report
Leave a comment