Ventive Hospitality IPO Date, Price, GMP, Review, Details

Table of Contents  

1. Introduction

2. Company Overview

3. Financial Highlights

4. Management Team

5. IPO Details

6. Subscription Status

7. Grey Market Premium (GMP)

8. Key Objectives of the IPO

9. Future Growth Potential

10. Conclusion

Ventive hotel's recent Initial Public Offering (IPO) has created excitement in the hotel sector. Let's look at the company's finances, management, and the details of the IPO.

Company Details

Ventive Hospitality, founded in 2002, has created out a position in the luxury and business hotel sectors in India & Maldives. This company has a portfolio of 2,036 hotel keys, including popular hotels such as Marriott Suites, DoubleTree by Hilton, and Marriott Aloft in Bengaluru.

 

Contact Information

Registered & Corporate Office:

Address: Tech Park One, Tower D, 2nd Floor, Yerwada, Pune, Maharashtra, India – 411006. 

Email: info@ventivehospitality.com 

Phone: +91-20-6906-1900 

Management Team

Ventive Hospitality's upward trajectory is driven by a team of qualified professionals.

Atul I. Chordia: Chairman and Executive Director. 

Nipun Sahni: Non-Executive and Nominee Director. 

Thilan Manjith: Non-executive and Nominee Director.

Financial Highlights

the Ventive Hospitality's specific financial data are not open to the public, the company's strategic decisions in the premium and luxurious hotel categories point to a strong financial base. This latest IPO wants to improve the company's financial condition and fund future projects for growth.

 

IPO Details

 Ventive Hospitality's first IPO has received a lot of interest from investors.

 Issue Period: December 20, 2024 - December 24, 2024. 

Price Range: ₹610-643 per share. 

Issue size: ₹1,600 crore (fresh issue). 

Lot size: 23 shares or multiples thereof.

 Purpose: Repayment or payback of loans up to ₹1,400 crore

 General corporate purposes.

Subscription Status

As of December 24, 2024, the IPO has been fully subscribed, reflecting strong investor confidence in Ventive Hospitality's business model and growth prospects. 

Grey Market Premium (GMP).

 Ventive Hospitality shares are trading at a premium of ₹27 a share on the grey market, meaning a potential listing price of ₹670, a 4.2% premium above the highest level of the price range.

You Must Read This 

top-5-upcoming-ipos-to-watch-out

Conclusion 

Ventive Hospitality's successful IPO shows its strong market position and investors' confidence in the company's future. With a clear strategy for using the new funds to reduce debt and grow, this company has the potential for long-term success in the competitive hospitality market. 

*Disclaimer: This post is created for informative purposes only. It should not be taken as financial advice. Investors ought to do their own research before making investing decisions.*

 

Vanity hospitality IPO FAQs 

1. Is Ventive Hospitality IPO Good?

Yes, it shows promise with strong subscription, robust business plans, and positive GMP.

2. What is the GMP of Ventive Hospitality?

₹27 per share.

3. What is the IPO Price of Ventive Hospitality?

Price band is ₹610 to ₹643 per share.

4. What is the IPO Size of Ventive Hospitality?

₹1,600 crore (Fresh Issue).