The initial public offering (IPO) of Ventive Hospitality Limited, a prominent operator in the luxury hotels and resorts industry, opened to the public on December 20, 2024, and will remain open until December 24, 2024. Investors now have two days left to participate in the IPO, which has gained attention due to its strong subscription numbers and attractive Grey Market Premium (GMP). The company is presenting its shares within a price range of ₹610 to ₹643 per share.
Subscription Status
On Day 2 of the IPO, the subscription shows a positive response:
- Retail Investors: The retail segment has been subscribed 0.76 times, indicating a good level of interest from individual investors.
- Non-Institutional Investors (NII): The NII category has been subscribed 0.14 times, and this figure may improve as the IPO progresses.
- Qualified Institutional Buyers (QIBs): The QIB category has been subscribed 1.05 times, reflecting strong confidence from institutional investors.
These numbers suggest a solid response to the IPO despite some market volatility.
The Grey Market Premium (GMP) for Ventive Hospitality shares is currently ₹28, indicating an expected listing gain of around 4%. This positive GMP shows that the market is optimistic about the company’s performance, even amid recent market fluctuations. The strong GMP is a good sign for potential investors, as it suggests a favorable listing on the stock exchange.
Ventive Hospitality’s IPO is attracting attention from both retail and institutional investors. With positive signs from the grey market, the IPO shows promise for investors interested in the hospitality sector. However, before investing in any IPO, it is crucial to conduct thorough research to make an informed decision.
