Ventive Hospitality IPO will open on December 20, 2024, and close on December 24, 2024. Ventive Hospitality Limited, established in 2002, owns, develops, and manages luxury and business hotels and resorts.
It is a joint venture between Pune-based real estate company Panchshil Realty and US asset management company Blackstone, having a total stake of 80%. So, let’s find out all the Ventive Hospitality IPO details, listing date, and competitor analysis.
Ventive Hospitality IPO Date 2024
The key pointers for the Ventive Hospitality IPO date are:
- Bidding Opening Date: December 20, 2024
- Bidding Closing Date: December 24, 2024
- Basis of Allotment Date: December 26, 2024
- Initiation of Refunds (in case of less or no allotment): December 27, 2024
- Shares Credited to Your Demat Account: December 27, 2024
- IPO Listing Date: December 30, 2024
- Listing on Exchange: NSE and BSE
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Ventive Hospitality IPO Issue Size
Ventive Hospitality IPO valuation is set at around ₹1,600 crores with only the fresh issue component.
Here are the important Ventive Hospitality IPO details:
- Ventive Hospitality IPO Price Band: ₹610 – ₹643 per share
- Face Value: ₹1 per share
- Ventive Hospitality IPO Lot Size: 23 Shares
- Issue Size and Amount: 2,48,83,358 shares (amounting to ₹1,600 crores)
- Fresh Issue Size and Amount: 2,48,83,358 shares (amounting to ₹1,600 crores)
Ventive Hospitality IPO Proceeds Usage
Ventive Hospitality IPO proceeds will be used for the following purposes:
Repayment or pre-payment of loans availed by the company including the payment of interest accrued.
To invest in step-down subsidiaries, SS & L Beach Private Limited and Maldives Property Holdings Private Limited for repayment or prepayment of loans and accrued interest.
Remaining for general corporate purposes.
Ventive Hospitality IPO Reservations
Ventive Hospitality IPO reservations to different investors are:
- For QIBs: Not less than 75% of the net issue
- For NIIs: Not more than 15% of the net issue
- For Retail Investors: Not more than 10% of the net issue
- Ventive Hospitality IPO Shareholder Quota: There is no shareholder quota in this IPO.
Ventive Hospitality IPO Lot Size
Ventive Hospitality IPO lot size is 23 shares, wherein bidding can be done in further multiples. The minimum and maximum of the lot size that each category of investor can apply in this IPO are:
| Applicant Type | Lot Size | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,789 |
| Retail (Max) | 13 | 299 | ₹1,92,257 |
| S-HNI (Min) | 14 | 322 | ₹2,07,046 |
| S-HNI (Max) | 67 | 1,541 | ₹9,90,863 |
| B-HNI (Min) | 68 | 1,564 | ₹10,05,652 |
Ventive Hospitality IPO Details: Promoter Holding
The current promoters of Ventive Hospitality Limited are:
- Atul I. Chordia
- Atul I. Chordia HUF
- Premsagar Infra Realty Private Limited
- Bre Asia Icc Holdings Ltd
- Brep Asia III India Holding Co VI Pte. Ltd.
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Ventive Hospitality IPO: Company Overview
Ventive Hospitality Limited is a key player in the hospitality sector with a focus on luxury offerings across business and leisure segments. In August 2024, the company acquired 7 operational hospitality assets in India and 3 in Maldives. It also acquired 1 hospitality asset under development in India and 1 in Sri Lanka.
As of September 2024, the company has 11 operational hospitality assets in India and Maldives and 2,036 keys in luxury, upper, and upscale segments. All of these hospitality assets are operated or franchised from global operators (Marriott, Hilton, Minor, and Atmosphere).
Ventive Hospitality’s luxury hospitality offerings include JW Marriott (Pune), The Ritz-Carlton (Pune), Conrad (Maldives), Anantara (Maldives), and Raaya by Atmosphere (Maldives). The 3 luxury hospitality assets located in the Maldives were ranked as one of the best tourist island destinations globally in 2023 and 2024.
In the F&B (Food and Beverages) offerings by Pune restaurants, eight restaurants feature among the top 10 fine dining restaurants in the TripAdvisor rankings on November 8, 2024.
Ventive Hospitality IPO: Financial Performance
Ventive Hospitality’s key financials for different periods are as follows:
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | YoY Change |
|---|---|---|---|---|
| Revenue | 875.9 | 1,907.38 | 1,762.19 | 8% |
| Profit After Tax | -137.83 | -66.75 | 15.68 | -526% |
| F&B Revenue | 209.46 | 481.51 | 445.43 | 8% |
| Assets | – | 8,794.10 | 8,606.17 | 2% |
| Total Borrowing | – | 3,682.13 | 3,599.66 | 2% |
| EBITDA | 363.89 | 869.78 | 771.12 | 13% |
| Total Revenue per Occupied Room | 3,027.96 | 3,561.59 | 3,181.18 | 12% |
| Average Occupancy Rate | 60.68% | 59.47% | 63.67% | -7% |
*(in ₹ crores)
- In FY24, Ventive Hospitality’s revenue grew by 8% YoY but PAT fell by 526% YoY. The F&B segment revenue also grew by 8% YoY in FY24.
- In FY24, assets increased by 2% YoY, and total borrowings also rose by 2% YoY.
- From FY23 to FY24, the EBITDA of Ventive Hospitality rose by 13%.
- The total revenue per occupied room increased by 12% YoY in FY24 while the average occupancy rate dropped by 7%.
Peer Analysis of Ventive Hospitality IPO
The comparison of Ventive Hospitality’s performance with its peers in the same industry is as follows:
| Particulars | EPS (Diluted) (₹) | RoNW | EBITDA Margin | Profit / (Loss) Margin | Number of Hotels |
|---|---|---|---|---|---|
| Ventive Hospitality Limited | -₹5.24 | -1.82% | 45.60% | -3.50% | 11 |
| Chalet Hotels Limited | ₹13.53 | 15.03% | 42.06% | 19.36% | 10 |
| Juniper Hotels Limited | ₹1.46 | 0.90% | 38.68% | 2.88% | 7 |
| The Indian Hotels Company Limited | ₹8.86 | 13.13% | 33.66% | 19.14% | 218 |
| EIH Limited | ₹10.22 | 16.58% | 39.67% | 25.81% | 30 |
| Lemon Tree Hotels Limited | ₹1.88 | 11.75% | 49.75% | 16.88% | 104 |
| Apeejay Surrendra Park Hotels Limited | ₹3.82 | 5.74% | 34.69% | 11.62% | 33 |
*(For FY24 ending)
- In FY24, Ventive Hospitality’s EPS and RoNW were negative.
- EBITDA margin is the second-highest among the peers while the profit margin was negative in FY24.
- Ventive Hospitality has a portfolio of 11 hotels as of the end of FY24.
Risk Factors in Ventive Hospitality IPO
Ventive Hospitality IPO GMP is nil as of December 18, 2024. However, GMP is not the only and assured criterion to bid for an IPO. The company is exposed to various risk factors which can eventually affect the business and investor’s perception:
- The company recently acquired new hotels from the promoters in FY25 and the pro forma financial statements may not accurately represent the future financial performance.
- Reliance on third parties for the quality of services in the hotels and restaurants and any failure to meet the quality can impact the business.
- 8 out of 11 operational hospitality assets are operated or franchised by Marriott and Hilton and there is a risk of termination or non-renewal of such contracts.
- Geographical concentration of the total income from the hotels located in Pune and Maldives.
- Business is highly dependent on the ability to identify customers’ changing preferences and timely response to customer requirements.
Ventive Hospitality IPO Details: Contact Information
For inquiries related to the Ventive Hospitality IPO details, you can contact at the following places:
Registered Office Address: 2nd Floor, Tower D, Tech Park One, Yerwada, Pune, Maharashtra, 411 006, India
Email: CS@ventivehospitality.com
Company Website: http://www.ventivehospitality.com/
Ventive Hospitality IPO Registrar Details:
Registrar Name: KFin Technologies Limited
Phone: 91 40 6716 2222
Email: vhl.ipo@kfintech.com
For all the insights on Ventive Hospitality IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for this IPO easily on the SMC ACE App by opening demat account now.
FAQs
1. Who is the CEO of Ventive Hospitality?
Ranjit Bharat Batra is the CEO of Ventive Hospitality Limited and he joined the company in 2018.
2. What is the revenue of Ventive Hospitality?
The revenue of Ventive Hospitality was ₹875.9 crores in the first half of FY25.
3. Is Ventive Hospitality listed?
Ventive Hospitality is going to be listed on both the NSE and BSE on December 30, 2024.
References:
https://www.ventivehospitality.com/wp-content/uploads/2024/07/Project-Puma-RHP-Final-Filing.pdf
SMC Global Securities Research Team
Author: All Content is verified by SMC Global Securities.
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