The Ventive Hospitality IPO, valued at ₹1,600 crore, concluded its bidding process on December 24, 2024, with strong investor interest. The IPO, entirely a fresh issue of 2.49 crore shares, is set to debut on the BSE and NSE on December 30, 2024.
Key Details of the IPO
- Price Band: ₹610 – ₹643 per share
- Minimum Lot Size: 23 shares
- Retail Investors: Minimum investment of ₹14,789
- sNII (14 lots/322 shares): ₹2,07,046
- bNII (68 lots/1,564 shares): ₹10,05,652
- Employee Reservation: Up to 16,313 shares at a ₹30 discount per share
Lead Managers: JM Financial, Axis Capital, HSBC Securities, ICICI Securities, IIFL Securities, Kotak Mahindra Capital, SBI Capital Markets
Registrar: KFin Technologies Limited
Subscription Status
The IPO received an overwhelming subscription rate of 10.33 times, broken down as follows:
- Retail Investors: Subscribed 6.19 times
- Qualified Institutional Buyers (QIBs): Subscribed 9.58 times
- Non-Institutional Investors (NIIs): Subscribed 14.6 times
Grey Market Premium (GMP)
Ventive Hospitality shares are trading at a GMP of ₹83, indicating an estimated listing price of ₹726 per share—a 12.91% premium over the upper price band of ₹643.
Listing Timeline
- Allotment Finalization: December 26, 2024
- Listing Date: December 30, 2024
Ventive Hospitality’s strong subscription numbers, coupled with a healthy GMP, highlight the market’s positive sentiment towards the company’s prospects. Investors eagerly await its market debut.
