VENTIVE HOSPITALITY LIMITED

Price Band

₹ 610 - ₹ 643

Bid Lot

23 Shares

VENTIVE HOSPITALITY LIMITED

20-Dec-2024 - 24-Dec-2024

Price Band

₹ 610 - ₹ 643

Minimum Investment

₹ 14789.00

Bid Lot

23 Shares

Shares

24,884,119

  • Face Value -  Rs. 1/- Per Share
  • Lisitng at  NSE BSE
  • 108,120 Application Required in Retail for 1 Time.
  • Registrar :  KFin Technologies Limited

IPO Details

Fresh Issue of Equity Shares aggregating to RS 1,600 Cr

QIB
75%

(18,650,856 Shares)RS.1199.25

HNI 1
5%

(1,243,390 Shares)RS.79.95 CR @ 3861 FORM 1X

HNI 2
10%

(2,486,780 Shares)RS.159.90 CR @ 7723 FORM 1X

Retail
10%

(2,486,780 Shares)RS.159.90 CR @ 108121 FORM 1X

Employee
0%

(16,313 Shares)RS.1.00 CR

BRLMs: Axis Capital, JM Financial, HSBC Securities and Capital Markets (India), ICICI Securities, IIFL Capital Services, Kotak Mahindra Capital, SBI Capital Markets

Timeline

  • 20

    Dec-2024

    Open Date

  • 24

    Dec-2024

    Close Date

  • 26

    Dec-2024

    Basis of Allotment Date

  • 27

    Dec-2024

    Initiation of Refunds

  • 27

    Dec-2024

    Credit of Shares to Demat A/C

  • 30

    Dec-2024

    IPO Listing Date

Subscription as on 24-Dec-2024 16:35

Category

Book Size

Subscription

QIB

9.58x
7,460,343

(₹479.70 Cr.)

71,441,565

(₹4593.69 Cr.)

HNI (<10 LAKH)

11.97x
1,243,390

(₹79.95 Cr.)

14,879,666

(₹956.76 Cr.)

HNI2 (>10 LAKH)

15.86x
2,486,780

(₹159.90 Cr.)

39,447,415

(₹2536.47 Cr.)

RETAIL

6.00x
2,486,780

(₹159.90 Cr.)

14,920,537

(₹959.39 Cr.)

EMP

9.92x
16,313

(₹1.05 Cr.)

161,759

(₹10.40 Cr.)

Total

10.29x
13,693,606
140,850,942

Category

Book Size

Subscription

QIB

9.58x
7,460,343

(₹479.70 Cr.)

71,441,565

(₹4593.69 Cr.)

HNI (<10 LAKH)

11.97x
1,243,390

(₹79.95 Cr.)

14,879,666

(₹956.76 Cr.)

HNI2 (>10 LAKH)

15.86x
2,486,780

(₹159.90 Cr.)

39,447,415

(₹2536.47 Cr.)

RETAIL

6.00x
2,486,780

(₹159.90 Cr.)

14,920,537

(₹959.39 Cr.)

EMP

9.92x
16,313

(₹1.05 Cr.)

161,759

(₹10.40 Cr.)

Total

10.29x
13,693,606
140,850,942

*Excluding Anchor

Total No. of Application Approx : ~685303 (6.34 Appwise)

HNI Cost

About Company

  • The Company was incorporated as ‘O4U Realty (India) Pvt. Ltd” in 2002. The name was changed to ‘ICC Realty (India) Pvt. Ltd in 2003 and further changed to ‘Ventive Hospitality Pvt. Ltd’ on July 8, 2024. Subsequently on conversion to a public limited company the name was changed to ‘Ventive Hospitality Ltd’ on August 28, 2024.  The Company was founded as the hospitality division of Panchshil Realty, a real estate conglomerate based in Pune which has a presence across the commercial, retail, luxury residential and data center segments.
  • The company is predominantly a hospitality asset owner primarily focused on luxury offerings across business and leisure segments in India and the Maldives.
  • Prior to August’24, the company’s portfolio included JW Marriott- Pune, ICC Offices - Pune and ICC Pavilion - Pune. In August ‘24, the company acquired 10 operational hospitality assets (7 in India and 3 in Maldives) and 2 hospitality assets under development (1 each in India and Sri Lanka).
  • The company’s Portfolio comprises 11 operational hospitality assets in India and Maldives, totalling 2,036 keys across the luxury, upper upscale and upscale segments as at September 30, 2024. The Ritz-Carlton, Pune is one of only two “The Ritz-Carlton” hotels in India which is a luxury brand within the Marriott portfolio.
  • The company’s Average Room Rate stood at ? 16,645/- with overall occupancy of 60.68% for the Hospitality assets as on September 30th, 2024.
  • The company’s annuity assets, which are part of the company’s hospitality-led integrated developments in Pune, have a total Leasable Area of 3.40 msf and Committed Occupancy of 95.55% as at September 30, 2024.
  • The company’s revenue from operations increased to ? 477.98 Cr in FY 2024 from ? 229.17 Cr in FY 2022, its EBITDA margins improved to 60.75% in FY2024 from 52.46%in FY2022 and PAT increased to ? 166.32 Cr in FY2024 from ? 29.43 Cr in FY2022. The company reported revenue from operations at ? 372.28 Cr in 6 months ended Sept.30th 2024, while it reported a loss of ? 20.76 cr, during the same period. The company’s net borrowings stood at ? 3,422.97 Cr as on Sept. 30the 2024.

Strengths

Competitive Strength 

  • Premium hospitality assets complemented by Grade A annuity assets
  • Established track record of development and acquisition-led growth in India and the Maldives
  • Renowned Promoters with global and local expertise
  • Professional and experienced management team
  • Proven track record of active asset management
  • Long-term ESG commitment
  • Well-positioned to benefit from industry tailwinds

 Business Strategies 

  • Developing and expanding the asset base
  • Drive organic growth from ramp-up of the existing assets
  • Leverage on the award-winning F&B and amenities
  • Optimize event spaces
  • Selective acquisitions supported by cash flows and significant debt headroom
  • Proactive asset management driving shareholder value

Company Promoters

Company Financials

Ventive Hospitality Limited's revenue increased by 8% and profit after tax (PAT) dropped by -526% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended 30 Sep 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets   8,794.1 8,606.17 8,010.41
Revenue 875.9 1,907.38 1,762.19 1,197.61
Profit After Tax -137.83 -66.75 15.68 -146.2
Net Worth   3,665.83 3,657.15 3,441.39
Total Borrowing   3,682.13 3,599.66 3,291.07
Amount in ? Crore

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Fresh Issue towards the funding of the following objects:

  1. Repayment/prepayment, in part or full, of certain of borrowings availed by the company:
  2. For payment of interest accrued thereon; and
  3. Step-down Subsidiaries, namely SS & L Beach Private Limited and Maldives Property Holdings Private Limited, including the payment of interest thereon through investment in such step-down Subsidiaries;
  4. General corporate purposes.

How to Apply

Apply for IPO in few simple steps.

  • Step 1

    Once you create your account, Login to Easy Investing.

  • Step 2

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 3

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 4

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 5

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
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  • Enter the number of shares you wish to buy, as per the lot size.
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