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TCS, HDFCBANK, SBI Liquid Fund (G)
Ventive Hospitality Ltd.

VENTIVE

Equity

NSE,BSE

Min. Investment

6,10,000.00

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IPO Details

Bidding Dates

20 Dec 24 - 24 Dec 24

Price Range ₹

610 - 643

Total Equity

928.14Cr

Lot Size

23

Exchange Status

NSE,BSE

IPO Doc

Subscription Rate

Non-Institutional Investor

5.87×

Qualified Institutional Buyers

9.08×

Employees

9.49×

Retail Investors

5.87×

Total subscription Rate

9.80×

IPO Timeline

Offer start

20 Dec 2024

Offer end

24 Dec 2024

Allotment

26 Dec 2024

Refund initiation

27 Dec 2024

Demat transfer

27 Dec 2024

Listing

30 Dec 2024

About Company

Ventive Hospitality Limited, established in February 2002, specializes in the hospitality sector with a focus on business and leisure segments. The company develops and manages high-end luxury hotels and resorts, operating 11 premium properties across India and the Maldives with 2,036 keys as of September 30, 2024. Its portfolio includes renowned global brands such as Marriott, Hilton, Minor, and Atmosphere, with properties strategically located in prime urban areas like Pune and Bengaluru, tourist hotspots in the Maldives, and cultural destinations like Varanasi. The company’s notable luxury assets include JW Marriott, Pune, The Ritz-Carlton, Pune, Conrad Maldives, Anantara Maldives, and Raaya by Atmosphere, Maldives. With 2,791 permanent employees and 632 contract personnel, Ventive Hospitality is backed by a strong management team and experienced promoters with local and global expertise. Its competitive strengths lie in its portfolio of premium hospitality and Grade A annuity assets, a proven track record of acquisition-led growth, and its ability to enhance asset value through active management. Positioned to capitalize on favorable industry trends, the company has established itself as a key player in the luxury hospitality market.

Year Founded

12-02-2002

Promotor Details

Atul Chordia

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage99.5988.98
Share Capital207811070207811070

Offer to Public

1,44,34,453.00 Cr

Project Details

  • Repayment/prepayment, in part or full, of certain of borrowings availed by - 1400cr
  • General corporate purposes - 119.4cr

Objectives

  • Repayment/prepayment, in part or full, of certain of borrowings availed by our:a. Company including payment of interest accrued thereon
  • andb. Step- down Subsidiaries namely SS & L Beach Private Limited and Maldives Property Holdings Private Limited, including the payment of interest thereon through investment in such step-down Subsidiaries
  • General corporate purposes.

Highlights

  • Ownership of premium hotels in India and the Maldives, including JW Marriott and Ritz-Carlton.
  • The luxury segment contributes over 80% of total hotel revenue.
  • Ability to command premium room rates.
  • Strong growth through strategic acquisitions since 2019.
  • Established presence in high-demand luxury hospitality markets.

Challenges

  • Financial performance sensitive to fluctuations in tourism and travel demand.
  • Dependence on global operators for asset management.
  • Exposure to legal and regulatory risks in India and the Maldives.
  • High debt burden resulting from acquisitions.
  • Heavy reliance on the luxury segment makes it vulnerable to economic downturns.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20238,072.08104.441,312.731,312.7312.5692
20228,315.10107.14294.31294.312.747
20249,875.09104.441,312.731,312.7312.5692
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