About Ventive Hospitality Limited
Incorporated in February 2002, Ventive Hospitality Limited is in the hospitality business, primarily focusing on business and leisure segments. The company primarily focuses on developing and managing high-end luxury hotels and resorts.
As of September 30, 2024, the company has 11 operational hospitality assets in India and the Maldives, with 2,036 keys across various upscale segments.
The company’s hospitality assets are operated by or franchised by global operators such as Marriott, Hilton, Minor and Atmosphere.
The company’s hotels are located in prime areas like Pune and Bengaluru, popular tourist spots such as the Maldives, and significant spiritual and cultural centres like Varanasi.
The company’s pre-acquisition luxury hospitality asset comprises JW Marriott, Pune, and its post-acquisition luxury hospitality assets comprise JW Marriott, Pune, The Ritz-Carlton, Pune, Conrad, Maldives, Anantara, Maldives and Raaya by Atmosphere, Maldives.
As of September 30, 2024, the company had 2,791 permanent employees and employed 632 personnel on a contract basis across its hospitality assets.
Competitive Strengths
- Premium hospitality assets complemented by Grade A annuity assets
- Established track record of development and acquisition-led growth in India and the Maldives
- Renowned Promoters with global and local expertise
- Professional and experienced management team
- Proven track record of adding value through active asset management
- Well-positioned to benefit from strong industry tailwinds
Ventive Hospitality IPO is a book built issue of Rs 1,600.00 crores. The issue is entirely a fresh issue of 2.49 crore shares.
Ventive Hospitality IPO bidding opened for subscription on December 20, 2024 and will close on December 24, 2024. The allotment for the Ventive Hospitality IPO is expected to be finalized on Thursday, December 26, 2024. Ventive Hospitality IPO will list on BSE, NSE with tentative listing date fixed as Monday, December 30, 2024.
Ventive Hospitality IPO price band is set at ₹610 to ₹643 per share. The minimum lot size for an application is 23. The minimum amount of investment required by retail investors is ₹14,789. The minimum lot size investment for sNII is 14 lots (322 shares), amounting to ₹2,07,046, and for bNII, it is 68 lots (1,564 shares), amounting to ₹10,05,652.
The issue includes a reservation of up to 16313 shares for employees offered at a discount of Rs 30.00 to the issue price.
Ventive Hospitality IPO Details
| IPO Date | December 20, 2024 to December 24, 2024 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | ₹610 to ₹643 per share |
| Lot Size | 23 Shares |
| Total Issue Size | 2,48,83,358 shares (aggregating up to ₹1,600.00 Cr) |
| Fresh Issue | 2,48,83,358 shares (aggregating up to ₹ 1,600.00 Cr) |
| Employee Discount | 30.00 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 20,86,57,830 shares |
| Share Holding Post Issue | 23,35,41,188 shares |
Ventive Hospitality IPO Timeline (Tentative Schedule)
Ventive Hospitality IPO IPO opens on December 20, 2024, and closes on December 24, 2024.
| IPO Open Date | Friday, December 20, 2024 |
| IPO Close Date | Tuesday, December 24, 2024 |
| Basis of Allotment | Thursday, December 26, 2024 |
| Initiation of Refunds | Friday, December 27, 2024 |
| Credit of Shares to Demat | Friday, December 27, 2024 |
| Listing Date | Monday, December 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 24, 2024 |
Ventive Hospitality IPO Lot Size
Investors can bid for a minimum of 23 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,789 |
| Retail (Max) | 13 | 299 | ₹1,92,257 |
| S-HNI (Min) | 14 | 322 | ₹2,07,046 |
| S-HNI (Max) | 67 | 1,541 | ₹9,90,863 |
| B-HNI (Min) | 68 | 1,564 | ₹10,05,652 |
| Lot Size Calculator | |||
Ventive Hospitality IPO Reservation
Ventive Hospitality IPO offers 2,48,84,119 shares. 74,60,342 (29.98%) to QIB, 37,30,171 (14.99%) to NII, 24,86,781 (9.99%) to RII, 16,313 (0.07%) to employees and 1,11,90,513 (44.97%) to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,11,90,513 (44.97%) | NA |
| QIB Shares Offered | 74,60,342 (29.98%) | NA |
| NII (HNI) Shares Offered | 37,30,171 (14.99%) | |
| bNII > ₹10L | 24,86,929 (9.99%) | 7,723 |
| sNII < ₹10L | 12,43,242 (5%) | 3,861 |
| Retail Shares Offered | 24,86,781 (9.99%) | 1,08,120 |
| Employee Shares Offered | 16,313 (0.07%) | NA |
| Total Shares Offered | 2,48,84,119 (100%) |
Ventive Hospitality IPO Promoter Holding
The company’s Promoters are Atul I. Chordia, Atul I. Chordia HUF, Premsagar Infra Realty Private Limited, BRE Asia ICC Holdings Ltd and BREP Asia III India Holding Co VI Pte. Ltd.
| Share Holding Pre Issue | 99.59% |
| Share Holding Post Issue |
Category Reservation Detail Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for shareholder/RII
|
Ventive Hospitality IPO Anchor Investors Details
Ventive Hospitality IPO raises Rs 719.55 crore from anchor investors. Ventive Hospitality IPO Anchor bid date is December 19, 2024.Ventive Hospitality IPOAnchor Investors list
| Bid Date | December 19, 2024 |
| Shares Offered | 1,11,90,513 |
| Anchor Portion Size (In Cr.) | 719.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 25, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 26, 2025 |
Company Financials
Ventive Hospitality Limited Financial Information (Proforma Consolidated)
Ventive Hospitality Limited’s revenue increased by 8% and profit after tax (PAT) dropped by -526% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 8,794.1 | 8,606.17 | 8,010.41 | |||||||||||||||||||||||||||||||||||||
| Revenue | 875.9 | 1,907.38 | 1,762.19 | 1,197.61 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | -137.83 | -66.75 | 15.68 | -146.2 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 3,665.83 | 3,657.15 | 3,441.39 | |||||||||||||||||||||||||||||||||||||
| Total Borrowing | 3,682.13 | 3,599.66 | 3,291.07 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of Ventive Hospitality IPO is Rs 15016.70 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| RoNW | -1.82% |
| Price to Book Value | 3.66 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | -3.20 | -11.80 |
| P/E (x) | -201.01 | -54.48 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue (Ventive Hospitality IPO Objectives)
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards the funding of the following objects:
- Repayment/prepayment, in part or full, of certain of borrowings availed by the company:
- For payment of interest accrued thereon; and
- Step-down Subsidiaries, namely SS & L Beach Private Limited and Maldives Property Holdings Private Limited, including the payment of interest thereon through investment in such step-down Subsidiaries;
- General corporate purposes.
