Market News
3 min read | Updated on December 26, 2024, 08:42 IST
SUMMARY
Investors eager to know Ventive Hospitality IPO allotment status can visit the websites of the NSE, the BSE, and Kfin Technologies.
Ventive Hospitality shares will make their secondary market debut on Monday, December 30.
Ventive Hospitality IPO allotment status will likely be finalised on Thursday, December 26. According to NSE data, the company's initial public offer was subscribed 9.82 times as investors bid for 14.17 crore shares against 1.44 crore shares on offer.
The non-institutional investors (NIIs) subscribed the most, booking their portion 13.87 times. The category for qualified institutional buyers (QIBs) attracted 9.08 times the subscription. Retail investors part got 5.94 times the subscription.
The issue, which was entirely a fresh issuance of ₹1,600 crore, had set a price range of ₹610-₹643 per share.
The company proposes to use the net IPO proceeds to clear outstanding borrowings and corporate general purposes.
The allotment finalisation details can also be checked on the BSE portal.
Ventive Hospitality shares will make their secondary market debut on Monday, December 30. The shares will get listed on the NSE and the BSE at 10 am.
Ventive Hospitality (previously ICC Realty), a joint venture between Panchshil Realty and the US-based Blackstone Group, is a hospitality asset owner focused on luxury offerings in India and the Maldives.
The company's portfolio, as of September 2024, has 11 operational properties, consisting 2,036 keys across the luxury, upscale and upper upscale segments. Its assets are franchised by or operated by global operators, including Hilton, Marriott, Minor and Atmosphere.
ICICI Securities, JM Financial, IIFL Capital Services Ltd, Kotak Mahindra Capital Company, Axis Capital, HSBC Securities and Capital Markets (India) Pvt Ltd and SBI Capital Markets are the book-running lead managers for the issue.
Particulars | FY22 | FY23 | FY24 | Q1FY25 |
---|---|---|---|---|
Revenue | ₹229.17 cr | ₹430.81 cr | ₹477.98 cr | ₹372.77 cr |
Net Profit | ₹29.43 cr | ₹131.27 cr | ₹166.32 cr | -₹20.76 cr |
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