Ventive Hospitality shares debuted on December 30, 2024, at ₹718.15 on the BSE, a premium of ₹75.15 (11.69%) over the issue price of ₹643, and ₹716 on the NSE, reflecting a premium of ₹73 (11.3%). The listing aligned closely with grey market estimates, where shares traded at ₹723 before listing.
Ventive Hospitality IPO Subscription Status
The Senores Pharmaceuticals IPO received a strong response, with an overall subscription of 9.82 times. Qualified Institutional Buyers (QIBs) subscribed 9.08 times, while Non-Institutional Investors (NIIs) saw a higher subscription at 13.87 times, with bids primarily from individuals and corporates.
Retail Individual Investors (RIIs) subscribed 5.94 times, and the employee category witnessed a 9.60 times subscription. The IPO demonstrated strong demand across all categories.
Ventive Hospitality IPO GMP
Ventive Hospitality shares debut this Monday, with a Grey Market Premium (GMP) of ₹70. At the upper price band of ₹643, the stock is expected to list at a 10% premium to its issue price.
About Ventive Hospitality IPO
Ventive Hospitality’s ₹1,600 crore IPO, featuring a fresh issue of 2.49 crore shares, is priced at ₹610-₹643 per share. Opening on December 20, 2024, and closing December 24, the listing is set for December 30 on the BSE and NSE. Retail investors can apply with a minimum lot of 23 shares for ₹14,789. The company reported strong financial growth, with 2024 revenue at ₹494.71 crores and profit at ₹166.32 crores, making it a promising long-term investment.
Ventive Hospitality IPO Financial Background
Ventive Hospitality has shown consistent financial growth, with revenue rising from ₹237.51 crores in 2022 to ₹494.71 crores in 2024 and profit increasing from ₹29.43 crores to ₹166.32 crores. Despite a dip in profit to ₹20.76 crores in September 2024, the company’s assets reached ₹8714.47 crores, reflecting strong long-term potential.
About Company
Ventive Hospitality Limited, established in 2002, operates 11 luxury hospitality assets across India and the Maldives, totaling 2,036 keys. Partnering with global brands like Marriott, Hilton, and Minor, the company offers premium experiences in key business hubs, tourist spots, and cultural centers. With a strong portfolio, a skilled workforce, and a focus on development and acquisitions, Ventive is a leading player in the hospitality sector.