Ventive Hospitality Limited (MAINBOARD)
Dec 20, 2024 - Dec 24, 2024
| Price | ₹610 - ₹643 |
| Premium | ₹80 |
|---|---|
| Lot size | 23 |
| Allotment | Dec 26, 2024 |
| Listing | Dec 30, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 23 | 14789 | 108121 |
| sHNI | 14 | 322 | 207046 | 3861 |
| bHNI | 68 | 1564 | 1005652 | 7723 |
Last updated on 24-Dec-2024 19:20:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 7460342 | 71441565 | 9.58 |
| HNIs | 3730171 | 54550526 | 14.62 |
| HNIs 10+ | 2486780 | 39447415 | 15.86 |
| HNIs 2+ | 1243390 | 15103111 | 12.15 |
| Retail | 2486780 | 15566239 | 6.26 |
| Employees | 16313 | 165577 | 10.15 |
| Total | 13693606 | 141723907 | 10.35 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 7723 | 22315 | 2.89 |
| HNIs (2-10L) | 3861 | 46025 | 11.92 |
| Retail | 108121 | 595698 | 5.51 |
| Employee | - | 5396 | - |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 479.7 | 4593.69 | 9.58 |
| FIIs | - | 2041.52 | - |
| DIIs | - | 529.05 | - |
| Mutual funds | - | 791.62 | - |
| Others | - | 1231.5 | - |
| HNIs | 239.85 | 3507.6 | 14.62 |
| HNIs 10+ | 159.9 | 2536.47 | 15.86 |
| HNIs 2+ | 79.95 | 971.13 | 12.15 |
| Retail | 159.9 | 1000.91 | 6.26 |
| Employees | 1.05 | 10.65 | 10.15 |
| Total | 880.5 | 9112.85 | 10.35 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹8.3 | @8% ₹9.5 | @9% ₹10.6 | @10% ₹11.8 | @11% ₹13 | @12% ₹14.2 |
IPO Details
| Issue Size | [2,48,83,358 ] shares (aggregating up to 1600 Cr) |
| Fresh Issue | [2,48,83,358] shares (aggregating up to 1600 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE,NSE |
| Share holding pre issue | 20,86,57,830 shares |
| Share holdng post issue | 23,35,41,188 shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 75% of the Net Issue |
| Retail Shares Offered | Not less than 10% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Key Performance Indicators
| KPI | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| RONW | -0.55% | 50.31% | 80.11% |
| EPS (basic) | -7.97 | -5.24 | -0.71 |
| P/E Pre IPO | -201.01 | ||
| P/E Post IPO | -54.48 |
Financial Details (Proforma Consolidated) In Crores.
| Period Ended | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 8,794 | 8,606 | 8,010 | |
| Revenue | 876 | 1,907 | 1,762 | 1,198 |
| Profit After Tax | -138 | -67 | 16 | -146 |
| Net Worth | 3,666 | 3,657 | 3,441 | |
| Total Borrowing | 3,682 | 3,600 | 3,291 |
About Company
Incorporated in February 2002, Ventive Hospitality Limited operates in the hospitality industry, focusing on the business and leisure segments, with an emphasis on high-end luxury hotels and resorts. As of September 30, 2024, the company manages 11 operational hospitality assets in India and the Maldives, offering a total of 2,036 keys across various upscale categories. These properties are strategically located in prime business hubs like Pune and Bengaluru, popular tourist destinations such as the Maldives, and significant spiritual and cultural centers like Varanasi. Ventive Hospitality collaborates with renowned global operators such as Marriott, Hilton, Minor, and Atmosphere to operate or franchise its properties. Its pre-acquisition asset includes JW Marriott, Pune, while its post-acquisition portfolio features prestigious properties like The Ritz-Carlton, Pune, Conrad Maldives, Anantara Maldives, and Raaya by Atmosphere, Maldives. The company employed 2,791 permanent staff and 632 contract personnel across its properties as of September 30, 2024, ensuring seamless operations and a luxury experience for its guests.
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Premium Hospitality and Grade A Annuity Assets: Ventive Hospitality Limited boasts a portfolio of high-end luxury hotels and resorts, complemented by Grade A annuity assets, ensuring a balanced revenue stream.
Proven Growth Strategy: The company has an established track record of development and strategic acquisitions in prime locations across India and the Maldives, driving consistent growth.
Renowned Promoters: Led by experienced promoters with global and local expertise, the company benefits from strong leadership and deep industry insights.
Dependence on Third-Party Brands and Operators: The company's reliance on third-party operators and franchised brands for its hospitality assets makes it vulnerable to reputational risks and service quality issues, which could adversely impact its business and financial results.
Recent Acquisitions and Integration Challenges: The recent acquisition of a new portfolio and potential future acquisitions pose integration risks, and failure to effectively manage these assets could lead to continued losses and affect overall performance.
Limited Consolidated Operating History: The lack of a consolidated operating track record and recent financial losses make it challenging to evaluate the company's overall performance and financial stability, increasing uncertainty about future results.
Phone: 04067162222, 04079611000
Email: ventive.ipo@sbicaps.com
Website: https://kosmic.kfintech.com/ipostatus/