Ventive Hospitality Limited is in the hospitality business with a primary focus on business and leisure segments. The company primarily focuses on developing and managing high-end luxury hotels and resorts.
As of September 30, 2024, the company has 11 operational hospitality assets in India and the Maldives, with 2,036 keys across various upscale segments.
The company’s hospitality assets are operated by or franchised by global operators such as Marriott, Hilton, Minor and Atmosphere.
The company’s hotels are located in prime areas like Pune and Bengaluru, popular tourist spots such as the Maldives, and significant spiritual and cultural centres like Varanasi.
The company’s pre-acquisition luxury hospitality asset comprises JW Marriott, Pune, and its post-acquisition luxury hospitality assets comprise JW Marriott, Pune, The Ritz-Carlton, Pune, Conrad, Maldives, Anantara, Maldives and Raaya by Atmosphere, Maldives.
As of September 30, 2024, the company had 2,791 permanent employees and employed 632 personnel on a contract basis across its hospitality assets.
Ventive Hospitality IPO – Details
| IPO Opening Date | 20 December 2024 |
| IPO Closing Date | 24 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: [] Shares Worth ₹1600.00 Crore Fresh Issue: [] Shares Worth ₹1600.00 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹[] – ₹[] per share |
| Market Lot | – |
| Min Order | – |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Ventive Hospitality IPO – Date Schedule
| IPO Open Date | 20 November 2024 |
| IPO Close Date | 24 December 2024 |
| Basis of Allotment | 26 December 2024 |
| Initiation of Refund | 27 December 2024 |
| Credit of Shares to Demat Account | 27 December 2024 |
| IPO Listing Date | 30 December 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 24, 2024 |
Ventive Hospitality IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Competitive Strengths
- 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 adding value through active asset management.
- Well-positioned to benefit from strong industry tailwinds.
Company Promoters
- Atul I. Chordia
- Atul I. Chordia HUF
- Premsagar Infra Realty Private Limited
- BRE Asia ICC Holdings Ltd
- BREP Asia III India Holding Co VI Pte. Ltd
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 237.50 | 201.47 | 29.43 | 419.00 |
| 31 March 2023 | 441.75 | 282.56 | 131.27 | 425.16 |
| 31 March 2024 | 494.70 | 289.52 | 166.31 | 412.60 |
| 30 September 2024 | 388.92 | 352.44 | -20.76 | 3,599.16 |
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | -1.82% |
| Pre IPO | Post IPO | |
| EPS (Rs) | – | – |
| P/E (x) | – | – |
Object Of The Issue
- Repayment/prepayment, in part or full, of certain of borrowings availed by the company:
- For payment of interest accrued thereon; and
- 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;
- General corporate purposes.
Ventive Hospitality IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Chalet Hotels Limited | 66.04 |
| 2 | 1 | Samhi Hotels Limited | – |
| 3 | 10 | Juniper Hotels Limited | 244.86 |
| 4 | 1 | The Indian Hotels Company Limited | 87.89 |
| 5 | 2 | EIH Limited | 36.68 |
| 6 | 10 | Lemon Tree Hotels Limited | 69.10 |
| 7 | 1 | Apeejay Surrendra Park Hotels Limited | 42.96 |
Ventive Hospitality IPO Promoter Holding
| Pre Issue Share Holding | 99.59% |
| Post Issue Share Holding | – |
Ventive Hospitality IPO Prospectus
Company Contact Information
| Ventive Hospitality Limited 2 nd Floor, Tower D, Tech Park One Yerwada Pune, 411006 Phone: +91 2069061900 Email: CS@ventivehospitality.com Website: https://www.ventivehospitality.com/ |
Ventive Hospitality IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: ventive.ipo@sbicaps.com Website: https://kosmic.kfintech.com/ipostatus/ |
Ventive Hospitality IPO Lead Manager(s)
| 1. JM Financial Limited 2. Axis Capital Limited 3. ICICI Securities Limited 4. SBI Capital Markets Limited 5. Kotak Mahindra Capital Company Limited 6. HSBC Securities and Capital Markets (India) Private Limited 7. IIFL Capital Services Limited (Formerly known as IIFL Securities Limited) |
Ventive Hospitality IPO FAQs
| What is Ventive Hospitality IPO? Ventive Hospitality IPO is a main-board IPO. The issue is priced at ₹[] to ₹[] per equity share. The IPO is to be listed on BSE & NSE. |
| When Ventive Hospitality IPO will open? The IPO is to open on 20 December 2024 for QIB, NII, and Retail Investors. |
| What is Ventive Hospitality IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Ventive Hospitality IPO? You can apply Ventive Hospitality IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Ventive Hospitality IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Ventive Hospitality IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Concord Enviro Systems IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Concord Enviro Systems IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Ventive Hospitality IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Ventive Hospitality IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Ventive Hospitality IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Ventive Hospitality IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Ventive Hospitality IPO Size? Ventive Hospitality IPO size is ₹1,600.00 Crore. |
| What is the Ventive Hospitality IPO Price Band? Ventive Hospitality IPO Price Band is ₹[] to ₹[]. |
| What is Ventive Hospitality IPO Minimum and Maximum Lot Size for Retail? The minimum bid is [] Shares with ₹[] amount while the maximum bid is [] Shares with ₹[]. |
| What is the Ventive Hospitality IPO Allotment Date? Ventive Hospitality IPO allotment date is 26 December 2024. |
| What is the Ventive Hospitality IPO Listing Date? Ventive Hospitality IPO listing date is 30 December 2024. The IPO is to be listed on BSE and NSE. |
