Ventive Hospitality’s Initial Public Offering (IPO) made waves in the market, raising ₹1,600 crores and achieving an overwhelming subscription rate of 9.82 times during its subscription window from December 20 to December 24, 2024. The allotment was finalized on December 26, with shares debuting on December 30 at ₹718.15 on the BSE and ₹716 on the NSE, reflecting a premium of around 12% over the upper price band of ₹643. This IPO success highlights the company’s strong positioning in the luxury hospitality sector, operating iconic brands like JW Marriott and Ritz-Carlton.
IPO Details
Here’s an overview of the Ventive Hospitality IPO:
Details | Specifications |
---|---|
Issue Size | ₹1,600 crores |
Subscription Period | December 20 – 24, 2024 |
Allotment Date | December 26, 2024 |
Listing Date | December 30, 2024 |
Price Band | ₹610 – ₹643 per share |
Lot Size | 23 shares (₹14,789) |
Subscription Status
The Ventive Hospitality IPO subscription status was remarkable, with the issue oversubscribed by 9.82 times. Here’s how different investor categories responded:
- Retail Investors: 5.94 times
- Non-Institutional Investors (NII): 13.87 times
- Qualified Institutional Buyers (QIBs): 9.08 times
This shows strong demand across all investor segments, reflecting confidence in the company’s business model and growth potential.
Allotment Status
The Ventive Hospitality IPO allotment status was finalized on December 26, 2024. Investors can easily check their allotment details on the Kfin Technologies website by entering their application number or PAN.
Listing Performance
On its debut, Ventive Hospitality shares opened at ₹718.15 on the BSE and ₹716 on the NSE, delivering a 12% premium over the upper IPO price band of ₹643. As of the latest updates, the shares were trading at ₹742.55, reflecting robust investor sentiment.
Grey Market Premium (GMP)
Before listing, the Grey Market Premium (GMP) for Ventive Hospitality IPO price stood at ₹70 per share. This indicated high expectations for a strong opening.
Company Overview
Ventive Hospitality is a leading luxury hospitality player under Panchshil Realty, managing renowned brands like JW Marriott and Ritz-Carlton across India and the Maldives.
Key Facts:
- Portfolio: 11 properties with 2,036 keys
- Market Focus: High-end luxury hospitality
- Competitive Edge: Association with globally recognized brands
This strategic positioning in the luxury segment provides a strong foundation for the company to grow further.
Why Ventive Hospitality’s IPO Stands Out?
The Ventive Hospitality IPO review indicates several factors contributing to its success:
- Premium Valuation: Listing at a 12% premium reflects robust investor interest.
- Strong Fundamentals: Luxury brands and prime market positioning.
- High Demand: Oversubscription by diverse investor categories.
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Frequently Asked Questions (FAQ) – Ventive Hospitality IPO
1. What is the Ventive Hospitality IPO subscription status?
The Ventive Hospitality IPO subscription status was oversubscribed by 9.82 times, indicating strong demand from retail, institutional, and non-institutional investors.
2. How can I check my Ventive Hospitality IPO allotment status?
You can check the Ventive Hospitality IPO allotment status on the Kfin Technologies website by entering your application number or PAN details. The allotment process was completed on December 26, 2024.
3. What is the Ventive Hospitality IPO price?
The Ventive Hospitality IPO price was between ₹610 and ₹643 per share, with a strong debut premium of 12% on listing day.
4. When did the Ventive Hospitality IPO shares list?
The Ventive Hospitality IPO shares were listed on December 30, 2024, with a listing price of ₹718.15 on the BSE and ₹716 on the NSE.
5. How can I invest in Ventive Hospitality IPO?
To invest in the Ventive Hospitality IPO, you need to have a Demat account. You can easily create one with us by clicking the link below.
6. Should I invest in Ventive Hospitality IPO?
Given the strong listing premium and the association with luxury hotel brands like JW Marriott and Ritz-Carlton, the Ventive Hospitality IPO shows great potential for growth. However, do thorough research before making any investment decisions.