About Ventive Hospitality:
The company is primarily a hospitality asset owner, with a focus on luxury offerings across both business and leisure segments in India and the Maldives. Until August 2024, its portfolio included an integrated hospitality-led development consisting of JW Marriott, Pune, ICC Offices, Pune, and ICC Pavilion, Pune. In August 2024, following the Acquisition Transactions, the company acquired 10 operational hospitality assets (seven in India and three in the Maldives) as well as two hospitality assets under development (one in India and one in Sri Lanka). As part of these Acquisition Transactions, the company also acquired two Grade A office assets.
About the Industry in which Ventive Hospitality operates:
In 2023, the travel and tourism sector in India contributed Rs. 19.1 trillion to the GDP and is projected to exceed Rs. 43 trillion by 2034. Domestic travel visits grew at a compound annual growth rate (CAGR) of 13.5% from 2001 to 2019. The Hospitality Association of India (HAI) estimates that foreign tourist arrivals in India will surpass 30 million by 2037, up from 9.3 million in 2023. In the Maldives, 1.9 million foreign tourists visited in 2023, coming from a variety of international markets, including long-haul regions. Pune currently ranks as the sixth-largest office market in India in terms of completed stock.
| Important Information and Timelines of the IPO of Ventive Hospitality: | |
|---|---|
| Open Date | 20 December 2024 |
| Close Date | 24 December 2024 |
| Total Issue Size – Number of Shares | 24883358 |
| Minimum Bid Price | 610 |
| Maximum Bid Price | 643 |
| Lot Size | 23 |
| Basis of Allotment | 26 December 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 27 December 2024 |
| Listing Date | 30 December 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Ventive Hospitality:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 23 | 14789 |
| Retail – Maximum | 13 | 299 | 192257 |
| sHNI – Minimum | 14 | 322 | 207046 |
| sHNI – Maximum | 67 | 1541 | 990863 |
| bHNI – Minimum | 68 | 1564 | 1005652 |
Objective of the IPO of Ventive Hospitality:
The repayment or prepayment, in part or in full, of certain borrowings availed by:
(a) the company, including the payment of interest accrued thereon.
(b) its step-down subsidiaries, namely SS & L Beach Private Limited and Maldives Property Holdings Private Limited, including the payment of interest accrued thereon through investments in these step-down subsidiaries.
For general corporate purposes.
Financials of Ventive Hospitality:
| Particulars | For the six months period ended September 30, 2024 | As at and for the Financial Year ended March 31, 2024 | As at and for the Financial Year ended March 31, 2023 | As at and for the Financial Year ended March 31, 2022 |
|---|---|---|---|---|
| Equity share capital | 208.66 | 104.44 | 104.44 | 107.14 |
| Other Equity | 30,361.88 | 3,240.10 | 1,573.28 | 2,043.73 |
| Non-controlling interest | 7,397.62 | - | - | - |
| Total equity | 37,968.16 | 3,344.54 | 1,677.72 | 2,150.87 |
| Net Worth | 37,929.16 | 3,305.54 | 1,638.72 | 2,114.57 |
| Total income | 3,889.28 | 4,947.08 | 4,417.54 | 2,375.05 |
| Revenue from operations | 3,727.78 | 4,779.80 | 4,308.13 | 2,291.70 |
| Restated profit/(loss) for the period/year | (207.62) | 1,663.17 | 1,312.73 | 294.31 |
| Restated Earnings per equity share– Basic & Diluted | (2.28) | 15.92 | 12.36 | 2.75 |
| Return on Net Worth | (0.55) | 50.31 | 80.11 | 13.92 |
| Net Asset Value per Equity Share of face value of ₹1 each | 289.56 | 31.65 | 15.43 | 19.74 |
| Borrowings | 35,991.64 | 4,126.08 | 4,251.67 | 4,190.01 |
For more details on the IPO, refer to the DRHP here
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Ventive Hospitality. You will receive a UPI mandate after 10:00 AM on 20 December 2024 .
###1. How to apply for the IPO of Ventive Hospitality on Dhan?
You can apply for the IPO of Ventive Hospitality from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Ventive Hospitality be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 27 December 2024. However, you will be able to see the shares of Ventive Hospitality on Dhan before the market starts on the listing date which is 30 December 2024.