Ventive Hospitality IPO Launching on December 20, 2024: Key Details

The highly anticipated Ventive Hospitality Limited IPO will be available  to the public on the 20th of December, 2024 and the bidding closed on the 24th of December, 2024. Specifically, the anchor investor bid will be one day before the VI, on December 19, 2024.

The IPO comprises a sale of new equity shares of face value of ₹1 each for an initial amount of ₹16,000 million. The price band for the issue has been fixed at ₹610/- to ₹643/- per equity share, bidding away ₹30/- per equity share to the eligible employee under the employee reservation portion.

Minimum requirement for investment and bidding

The minimum bid is made for a value of 23 equity shares and thereafter the bid can be in increments of 23 shares by the investors. The net proceeds generated from this IPO offer will be mainly for repayment or premature repayment of certain borrowings along with interest.

Leadership and Vision

Atul I. Chordia, Chairman of Panchshil Realty and Executive Director of Ventive Hospitality, highlighted the significance of the IPO:

“The IPO of the Ventive Hospitality Limited is the flagship event for Panchshil and Blackstone as they seek to revolutionize regional hospitality.”

Tuhin Parikh, Head of Real Estate—India, Blackstone, emphasized their partnership with Panchshil Realty:

”We are delighted to continue our association with our strategic partner, Panchshil Realty, for this IPO that comprises of limited pockets of hospitality properties under global operators.”

Allocation and Proportions

The IPO allocation will follow SEBI regulation, as outlined below, because a high IPO allocation to certain deserving even though a high IPO allocation to some qualifier is logical, some regulation helps to establish fairness.

categories:

Qualified Institutional Buyers (QIBs):

There may be 5% of the allotment in shares; mutual funds of the remaining can be subscribed, any QIB in keeping with the proportionate representation of its shareholders.

Unsubscribed Mutual Fund portions will be offered to other qualified institutional buyers.

Non-Institutional Bidders (NIBs):

From this amount, 15% was provided with a third being for bids below ₹200,000 for bids below ₹1,000,000 and two-thirds for bids more than ₹1,000,000.

Retail Individual Bidders:

10% are reserved and hence the available few options for small retail investors available.

Book Running Lead Managers

 It follows that IPO are underwritten by some of the most reputable financial firms like , JM Financial, Axis Capital, HSBC Securities, ICICI Securities and IIFL Securities, Kotak Mahindra Capital Co. Limited , and SBI Capital market limited.

Why Giving Money to Ventive Hospitality IPO?

Ventive Hospitality has an outstanding collection of upscale properties managed by leading the global hospitality brands , which makes this IPO a perfect chance for investors.

Save the date for december 20, 2024 to have a chance to take part in this IPO.