Ventive Hospitality, a well-established company in the luxury hotel industry, is all set to launch its Initial Public Offering (IPO) on December 20, 2024. The IPO will remain open for subscription until December 24, 2024. The company aims to raise ₹1,600 crore through the IPO, offering 2.49 crore shares to the public. The funds raised from this IPO will be used to repay existing debt and for general corporate purposes.
The price range for the Ventive Hospitality IPO has been fixed between ₹610 and ₹643 per share. This is the range at which the shares will be offered to the public. The minimum lot size for the application is 23 shares, requiring retail investors to invest at least around ₹14,789. Investors who are interested in the IPO can apply through their bank accounts, brokerage accounts, or online platforms, which makes the application process quite simple and accessible.
At the time of writing, the Grey Market Premium (GMP) for the IPO is reported as nil, indicating that the shares may list at or near the issue price. The company is not offering any shares for sale by existing shareholders, and the entire issue is a fresh offering of shares to the public. The funds from the IPO will primarily be used to pay off existing debts, which will help Ventive Hospitality improve its financial stability and focus on future growth.
The IPO size of ₹1,600 crore is significant, and the company is expecting a good response from investors, especially with its solid presence in the hospitality industry. Ventive Hospitality manages high-end hotels and resorts in India and the Maldives, featuring brands such as Marriott, Hilton, and Minor. The company has been successful in offering both business and leisure travel services, making it a well-known name in the hospitality sector.
Retail investors have been allocated 10% of the IPO, which means a portion of the shares is reserved specifically for individual investors. The shares are anticipated to be listed on the BSE and NSE on December 30, 2024. This will be the day when investors can begin trading their shares in the stock market.
Investors should take note that while the GMP can provide an indication of the expected listing price, it is based on market speculation and is not an official figure. It’s crucial for potential investors to conduct their own research and make informed decisions before applying for the IPO.
The Ventive Hospitality IPO presents a promising opportunity for investors looking to invest in the growing hospitality sector. With its established portfolio of luxury hotels and resorts, the company is positioned for future growth. However, like any investment, it is important to consider the risks and perform due diligence before committing funds to the IPO. Investors interested in participating should ensure they submit their applications before December 24, 2024, to take part in this exciting opportunity.
