Ventive Hospitality’s IPO allotment is set to be finalized today, following a strong subscription rate of 9.82 times during the offering period that closed on December 24, 2024. The IPO, priced at ₹610-643 per share, received bids for 14.17 crore shares against 1.44 crore shares on offer.
Non-Institutional Investors showed the strongest interest with 13.87 times subscription, followed by Qualified Institutional Buyers at 9.08 times and Retail Individual Investors at 5.94 times. The employee portion was oversubscribed 9.60 times.
The grey market indicates a premium of ₹72 over the upper price band of ₹643, suggesting a potential listing price of ₹715. However, grey market premiums are speculative and should not be relied upon as an accurate predictor of listing performance. The company’s shares are expected tentatively to debut on the BSE and NSE on December 30, 2024.
Ventive Hospitality, established in 2002, operates luxury hospitality assets in partnership with global operators including Marriott, Hilton, Minor, and Atmosphere. The company emerged from Panchshil Realty’s hospitality division and received a significant boost in 2017 when Blackstone affiliate BRE Asia acquired a 50 percent stake.
Investors can check their allotment status through the BSE website by providing their application number and PAN card details.
In conclusion, Ventive Hospitality’s IPO has garnered significant interest from investors, and the company’s strong partnerships and growth potential make it an attractive investment opportunity. The upcoming listing on the stock exchanges is eagerly anticipated, and investors are advised to stay informed about developments in the company’s performance in the hospitality sector.
