Upcoming IPO: Ventive Hospitality IPO will open on December 20; GMP, price band and other details at 10 points

Coming soon: Ventive Hospitality’s initial public offering (IPO) will open for public subscription on Friday, December 20, and will remain open until Tuesday, December 24. $It raised Rs 1,600 crore through a fresh issue of Rs 249 crore of shares, which the company hopes to use to pay certain borrowings and for general corporate purposes. As the name suggests, Ventive Hospitality is in the hospitality business, providing luxury services across the business and leisure sectors.

Ventive Hospitality IPO Key Details

As the main board opens for subscription on Friday, we take a look at 10 key details of the Ventive Hospitality IPO:

1. Ventive Hospitality IPO GMP: According to stock market sources, the current gray market premium (GMP) for the Ventive Hospitality IPO is zero. This means the stock is trading on the gray market at the same price as its issue price.

2. Ventive Hospitality IPO price range: The price range for this issuance has been set at $610 to $643 per share.

3. Ventive Hospitality IPO date: The Motherboard IPO will open for subscription on Friday, December 20, and close on Tuesday, December 24.

4. Ventive Hospitality IPO size: The issue does not contain an offer for sale (OFS) component and is entirely fresh issue of shares of Rs 2.49 crore to raise funds $16 billion rupees.

5. Ventive Hospitality IPO lot size: The minimum lot size requested is 23 shares. The upper limit of the issuance price is $643. The minimum investment required by retail investors is $14,789.

6. Ventive Hospitality IPO Allotment Date: As per SEBI’s T+3 rules, companies have to list their shares three working days after the IPO deadline. Therefore, the allotment of shares must be completed on a T+1 basis. Since the Ventive Hospitality IPO closes on December 24, the company will complete the share allotment on Thursday, December 26, as December 25 is the Christmas holiday.

7. Ventive Hospitality IPO bookkeeping lead manager and transfer registration agency: JM Financial Limited, Axis Capital Limited, HSBC Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, IIFL Securities Ltd, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited are the bookrunners for the IPO, while KFin Technologies is the Lead manager of the IPO.

8. Ventive Hospitality IPO: The company’s shares will be listed on BSE and NSE on Monday, December 30.

9. Issuance objects: The company hopes to use the net proceeds from the issue to pay certain borrowings acquired by it and its subsidiaries SS & L Beach Private Limited and Maldives Property Holdings Private Limited, according to the company’s RHP. It will also use the net proceeds for general corporate purposes.

10. Ventive Hospitality Business Overview: The company focuses on luxury products in the business and leisure segments, according to the company’s RHP. “All of our hotel properties are operated or franchised by global operators such as Marriott, Hilton, Minor and Atmosphere,” the company said.

The company’s operating income for fiscal 2022 is $2.2917 billion, increased to $4,308.13 million in fiscal year 2023 $4,779.80 million for fiscal year 2024. For the six months ended September 30 of the current financial year, the company’s operating income was $3,727.78 million.

Total comprehensive income for FY22, FY23 and FY24 is $297 million, $1,312.02 million and $1,666.82 million respectively. However, the company incurred losses for the six months ended September 30 of the current financial year $348.66 million.

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