
The Ventive Hospitality IPO, valued at ₹1,600 crore, is set to make its debut on the BSE and NSE today, December 30, 2024. The IPO garnered significant interest from investors during its subscription period, closing with an overall subscription rate of 10.33 times.
Grey Market Premium (GMP)
As of the latest update, the Ventive Hospitality IPO’s Grey Market Premium (GMP) is ₹70 per share, indicating a potential listing price of ₹713 (₹643 issue price + ₹70 GMP). This translates to an estimated listing gain of 10.89%, reflecting strong market sentiment.
Key IPO Details
- 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: 16,313 shares at a ₹30 discount per share
Subscription Breakdown
- Retail Investors: Subscribed 6.19 times
- Qualified Institutional Buyers (QIBs): Subscribed 9.58 times
- Non-Institutional Investors (NIIs): Subscribed 14.6 times
Lead Managers and Registrar
- Lead Managers: JM Financial, Axis Capital, HSBC Securities, ICICI Securities, IIFL Securities, Kotak Mahindra Capital, SBI Capital Markets
- Registrar: KFin Technologies Limited
The strong subscription numbers and positive GMP suggest that Ventive Hospitality is poised for a robust listing. Investors and market participants will closely watch its performance on the stock exchanges today.