The Ventive Hospitality IPO has garnered significant attention from investors as it nears its final day of subscription. Opening on Friday, December 20, the ₹1,600 crore public issue has shown robust participation across different investor categories. The price band for the IPO is set between ₹610 and ₹643 per share, and the company plans to list on both the BSE and NSE.
Subscription Status
The IPO has garnered 2.17 times more subscriptions than its available shares. Retail investors led the way, with their portion subscribed to 2.80 times. Non-institutional investors (NIIs) subscribed to 3.46 times their allocated shares, while Qualified Institutional Buyers (QIBs) subscribed to 1.30 times. The portion reserved for employees witnessed the highest enthusiasm, being subscribed to an impressive 6.39 times.
The Grey Market Premium (GMP) for Ventive Hospitality shares has shown fluctuations during the subscription period. On the final day, the GMP stood at ₹55, a drop from its peak of ₹67. Despite this decline, the shares are still expected to list at a premium. Based on the upper price band of ₹643 per share, the estimated listing price is ₹698, reflecting a 9% premium.
The IPO includes a fresh issue of approximately 2.5 crore shares. It aims to raise funds to strengthen the company’s financial position, reduce debt, and support future growth plans. Ventive Hospitality, known for its strong brand presence in the hospitality sector, seeks to capitalize on the growing demand for tourism and leisure services in India.
Listing Date and Share Allotment
The share allotment process for the IPO will be finalized on Thursday, December 26. Investors can anticipate the listing of Ventive Hospitality shares on Monday, December 30, on both the BSE and NSE.
Deciding whether to invest in the Ventive Hospitality IPO depends on individual financial goals and risk appetite. If you are optimistic about the long-term growth of the hospitality industry and the company’s potential, this IPO could be a suitable option. However, cautious investors may prefer to wait for a better entry point after assessing the company’s performance post-listing.
Key Highlights of Ventive Hospitality IPO
- Issue Size: ₹1,600 crore
- Price Band: ₹610 to ₹643 per share
- GMP: ₹55 on the final day
- Subscription Status: 2.17 times overall, with strong interest from retail and non-institutional investors
- Listing Date: December 30, 2024
This IPO marks a significant opportunity for investors to participate in a growing sector, but it is crucial to evaluate both the risks and rewards before making an investment decision.
