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Ventive Hospitality Ltd.

Hotel, Resort & Restaurants

IPO Details
  • Issue Type Book building
  • Price range Rs.610-643
  • Market Lot 23
  • Total Equity Shares 14434453
  • Face Value Rs. 1
  • Listing Date Dec 30, 2024
IPO Timeline
Opening date Dec 20, 2024
Closing date Dec 24, 2024
Listing Date Dec 30, 2024

IPO Details

We are a hospitality asset owner with a primary focus on luxury offerings across business and leisure segments. All of ourhospitality assets are operated by or franchised from global operators, including Marriott, Hilton, Minor and Atmosphere. Ourluxury hospitality assets comprise JW Marriott, Pune, The Ritz-Carlton, Pune, Conrad, Maldives, Anantara, Maldives andRaaya by Atmosphere, Maldives. Our luxury hospitality assets collectively contributed to over 80% of our pro forma revenuefrom hotel operations for FY24, FY23 and FY22. Our pro forma revenue and pro forma EBITDA were the highest among listedhospitality asset owners1 in India in FY24, FY23 and FY22. Among listed hospitality companies in India, 2 our pro formarevenue was the third highest in each of FY24 and FY23 and second highest for FY22 and our pro forma EBITDA was thethird highest in FY24 and second highest for each of FY23 and FY22.

Projects

1. Project Name: Repayment/prepayment, in part or full, of certain of borrowings availed by

Project Cost: 1400

2. Project Name: General corporate purposes

Project Cost: 119.4

Promoters

Prmoters Name

1. Atul I. Chordia

2. Atul I. Chordia HUF

3. Premsagar Infra Realty Pvt Ltd.

4. BRE Asia ICC Holdings Ltd

5. BREP Asia III India Holding Co VI Pte. Ltd.

Prmoters Holdings
  • Pre Share Capital: 207811070
  • Pre Promoter Holding: 99.59
  • Offer to Public: 14434453
  • Post Share Capital: 207811070
  • Post Promoter Holding: 88.98

Registrar

Registrar Name:Karvy Computershare Pvt Ltd
Phone: 91-040-67161500
Email: einward.ris@karvy.com
Website: www.karvy.com

Lead Managers

  • JM Financial Ltd.
  • Axis Capital Ltd.
  • HSBC Securities & Capital Markets (India) Pvt Ltd
  • ICICI Securities Ltd
  • IIFL Securities Ltd.
  • Kotak Mahindra Capital Co Ltd
  • SBI Capital Markets Ltd

Subscription Details

Field Description Field Value
Ipo Code 3111
Total Equity 14434453

Field Description Field Value
No of Shares Offered/Reserved For Qualified Institutional Buyers 7863934
No of Shares Bid For Qualified Institutional Buyers 71441565
Total No of Shares Bid For Qualified Institutional Buyers 9.08
No of Shares Offered/Reserved For Foreign Institutional Buyers 0
No of Shares Bid For Foreign Institutional Buyers 31749982
Total No of Shares Bid For Foreign Institutional Buyers 0.00
No of Shares Offered/Reserved For Mutual Fund 0
No of Shares Bid For Mutual Fund 12311348
Total No of Shares Bid For Mutual Fund 0.00
No of Shares Offered/Reserved For Qualified Institutional Buyers - Others 0
No of Shares Bid For Qualified Institutional Buyers - Others 27380235
Total No of Shares Bid For Qualified Institutional Buyers - Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Non-Institutional Buyers 3931967
No of Shares Bid For Non-Institutional Buyers 54471935
Total No of Shares Bid For Non-Institutional Buyers 13.85
No of Shares Offered/Reserved For Corporate 0
No of Shares Bid For Corporate 1627342
Total No of Shares Bid For Corporate 0.00
No of Shares Offered/Reserved For Individuals 0
No of Shares Bid For Individuals 50389021
Total No of Shares Bid For Individuals 0.00
No of Shares Offered/Reserved For Individuals - Others 0
No of Shares Bid For Individual Others 2455572
Total No of Shares Bid For Individual Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Retail Individual Investor 2621311
No of Shares Bid For Retail Individual Investor 15385022
Total No of Shares Bid For Retail Individual Investor 5.87
No of Shares Offered/Reserved For Retail Individual Investor - Cutoff 0
No of Shares Bid For Retail Individual Investor - Cutoff 13524345
Total No of Shares Bid For Retail Individual Investor - Cutoff 0.00
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 1860677
Total No of Shares Bid For Retail Individual Investor 0.00

Field Description Field Value
No of Shares Offered/Reserved For Employee 17241
No of Shares Bid For Employee 163668
Total No of Shares Bid For Employee 9.49
No of Shares Offered/Reserved Employee - Cutoff 0
No of Shares Bid For Employee - Cutoff 149914
Total No of Shares Bid For Employee - Cutoff 0.00
Total No of Shares Bid Offered/Reserved For Employee 0
No of Shares Bid Offered/Reserved For Employee 13754
Total No of Shares Bid For Employee 0.00

Field Description Field Value
No of Shares Offered/Reserved For All 14434453
No of Shares Bid For All 141462190
Total 9.80