Ventive Hospitality Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 18,650,856 (75%) | — | ₹119,925 Cr |
| NII (HNI) | — | 3,730,171 (15%) | — | ₹23,985 Cr |
| Retail | — | 2,486,780 (10%) | — | ₹1,599 Cr |
| Employee | — | 16,313 (0%) | — | ₹10 Cr |
| Σ Total | — | 24,884,120 (100%) | — | ₹1,600,049 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,789 |
| Retail (Max) | 13 | 299 | ₹192,257 |
| S-HNI (Min) | 14 | 322 | ₹207,046 |
| B-HNI (Min) | 67 | 1,541 | ₹990,863 |
Financial Statements Amount in Crore
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 876 | 1,907 | 1,762 |
| Profit After Tax | -138 | -67 | 16 |
| Net Worth | — | 3,666 | 3,657 |
| Total Assets | — | 8,794 | 8,606 |
| Total Borrowing | — | 3,682 | 3,600 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects 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. –
Company Overview
Incorporated in February 2002, Ventive Hospitality Limited is in the hospitality business, primarily focusing 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.
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