Ventive Hospitality IPO allotment on December 26: Here’s how to check status online

Ventive Hospitality Ltd is likely to decide the IPO share allotment status on Thursday, December 26, following the successful subscription of the public offer.

The mainboard issue closed for bidding on December 24. The IPO saw a strong demand on the last day with an overall subscription of nearly 10 times.

The hospitality company, backed by private equity major Blackstone, launched its initial public offering on December 20 to garner ₹1,600 crore from public investors.

At the close of the bidding on Tuesday, the public offer was over all booked 9.8 times with bids for over 14.14 crore shares against 1.44 crore shares on offer.

The Qualified Institutional Buyers (QIBs) placed bids for more than 7.14 crore shares compared to 78.63 lakh shares reserved for the segment. The QIBs’ portion was booked 9.08 times.

The Non-Institutional Investors (NIIs) placed bids for 5.44 crore equity shares against 39.31 lakh shares on offer for the segment. The NIIs segment was subscribed 13.85 times.

The retail portion was subscribed 5.87 times. The retail investors applied for over 1.53 crore shares compared to 26.21 lakh shares reserved for them. The employees’ quota was booked 9.49 times with applications for 1.63 lakh shares against 17,241 equity shares allocated to the segment.

Last week, the Blackstone-backed hospitality player mobilised ₹719 crore from anchor investors ahead of the opening of the IPO for subscription. Ventive Hospitality allotted 1.12 crore equity shares to 26 fund schemes at a price of ₹643 per share.

After the close of bidding, the investors are now waiting for the company to complete the share allocation process for the IPO. Successful investors will be informed about the IPO share allotment status through emails and SMS.

However, investors can check the allotment status on the official websites of IPO registrar, Kfin Technologies Ltd, and the BSE and NSE.

Steps to check Ventive Hospitality Ltd IPO share allotment on BSE

• Open the IPO application status page on the BSE website: https://www.bseindia.com/investors/appli_check.aspx
• Select equity from two options
• Choose Ventive Hospitality Ltd from the list for IPO names
• Enter PAN or application number
• Submit to check details

Similarly, the IPO allotment status can be checked on the NSE website using the PAN and application number. However, the investors need to login before checking the share allocation details.

Here’s how to check Ventive Hospitality Ltd IPO share allotment on registrar’s website:

• Visit KfinTechnologies Ltd’s official website (https://www.kfintech.com)
• Go to ‘Products’ on the main menu
• Under ‘Investors’ section select IPO Allotment Status
• Click on Select Company and choose Ventive Hospitality Ltd
• Enter any of these-- application number, PAN number, or client ID
• Enter the captcha code and click Submit.

The company will start refunds and credit of shares to the Demat accounts on December 27. The company has proposed to list its shares on the BSE and NSE on December 30.

Ventive Hospitality IPO Key details

• Ventive Hospitality IPO comprised a fresh issue of 2.49 crore shares
• The IPO price band was fixed at ₹610 to ₹643 per share
• The lot size for application for retail investors was 23 shares
• The IPO was open for subscription from December 20 to December 24
• The IPO listing date has been tentatively fixed as December 30

Ventive Hospitality IPO objects

Ventive Hospitality Ltd (earlier known as ICC Realty) is a joint venture between Blackstone Group and Panchshil Realty.

Ventive is primarily focused on luxury offerings across business and leisure segments. The company has a portfolio of 11 operational properties in India and Maldives. Its hotels are operated by or franchised by global operators such as Minor, Marriott, Hilton and Atmosphere.

The company has proposed to utilise the net proceeds from the IPO for the repayment of debts. The company will use ₹1,400 crore of the net proceeds for debt repayment.