New Delhi: The Ventive Hospitality IPO is making headlines as it approaches its closing date on December 24, 2024. With strong demand observed during its second day of bidding, investors are keen to understand the latest updates, including the grey market premium (GMP), price band, and listing date. Here’s everything you need to know.
IPO Overview
Ventive Hospitality, a prominent player in the luxury hospitality sector, aims to raise ₹1,600 crore by issuing 2.49 crore shares. The IPO opened for subscription on December 20, 2024, and is set to close today.
Key Details:
- Price Band: ₹610 – ₹643 per share
- Lot Size: 23 shares
- Total Issue Size: ₹1,600 crore
- Allotment Date: December 26, 2024
- Listing Date: December 30, 2024
Subscription Status
As of the second day of bidding:
- Retail Investors: Subscribed 1.76 times
- Qualified Institutional Buyers (QIBs): Subscribed 1.22 times
- Non-Institutional Investors (NIIs): Subscribed 1.07 times
This strong demand reflects investor confidence in the company’s growth potential within the luxury hospitality market.
Grey Market Premium (GMP)
The shares of Ventive Hospitality are currently trading at a grey market premium of ₹27, indicating a potential listing price of approximately ₹670, which represents a premium of about 4.2% over the upper price band.
| Date | GMP | Estimated Listing Price |
|---|---|---|
| December 24 | ₹27 | ₹670 |
| December 23 | ₹25 | ₹650 |
About Ventive Hospitality
Founded in 2002, Ventive Hospitality specializes in developing and managing luxury hotels and resorts across India and the Maldives. The company operates several high-profile properties under global brands such as JW Marriott and The Ritz-Carlton. With a portfolio that includes 11 operational hotels, Ventive is well-positioned to capitalize on the growing demand for luxury accommodations.
Financial Insights
The funds raised from this IPO will be utilized for:
- Repayment/prepayment of certain borrowings: ₹1,400 crore
- General corporate purposes
The company reported substantial growth in revenue and profitability, making it an attractive option for investors looking to enter the hospitality sector.
Should You Invest?
Given the strong subscription numbers and positive GMP trends, many analysts recommend considering an investment in the Ventive Hospitality IPO. The luxury segment’s resilience and growing tourism demand provide a solid foundation for future growth.
Conclusion
As the Ventive Hospitality IPO nears its closing date, investors should weigh their options carefully based on the latest subscription data and market sentiment. With a promising outlook for the hospitality industry, this IPO could present an appealing opportunity for long-term gains.
Disclaimer
This article is intended for informational purposes only and does not constitute financial advice. Investors are encouraged to conduct their own research or consult with financial advisors before making investment decisions related to IPOs or any other financial instruments.
