| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹1600.00 Cr |
| Fresh Issue | ₹1600.00 Cr |
| Face Value | โน1 Per Equity Share |
| Price Band | โน610.00-643.00 per share |
| Discount | Retail: 0.00,Employee: 30.00 |
| BSE Code | 544321 |
| NSE Code | VENTIVE |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Kotak Mahindra Capital Co.Ltd. |
| Allotment Status | |
| DRHP | |
| RHP | |
| Final Prospectus | |
| Anchor List |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 23 shares and in multiples thereof
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
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Repayment/prepayment, in part or full, of certain of borrowings availed by the Company and subsidaries, namely SS & L Beach Private Limited and Maldives Property Holdings Private Limited | 1,400.00 |
| 2 | General Corporate Purposes | 119.46 |
| Total | 1,519.46 |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 8,794.10 | 8,606.17 | 8,010.41 | |
| Total Income | 875.90 | 1,907.38 | 1,762.19 | 1,197.61 |
| Profit After Tax | -137.83 | -66.75 | 15.68 | -146.20 |
| NET Worth | 3,665.83 | 3,657.15 | 3,441.39 | |
| Total Borrowing | 3,682.13 | 3,599.66 | 3,291.07 | |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| RoNW | -1.82% |
| PAT Margin | 35.00% |
| Price to Book Value | 3.66 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | -3.20 | -ve |
| P/E (x) | -201.01 | -ve |
| Promoter Holding | 99.59% | 88.98% |
| Market Cap | โน15016.70 Cr. | |