Ventive Hospitality Ltd IPO
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Ventive Hospitality Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 248.84 L | TBA | ₹ 24.87 L | ₹ 2,078.11 L | BSE | ₹ 1600 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 20 Dec, 24 | 24 Dec, 24 | 23 | ₹ 14,030 | Book Building | 30 Dec, 24 |
Ventive Hospitality Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Construction |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 3.83x | 18650855 | 71441565 |
| NII | 14.6x | 3730171 | 54471935 |
| Retail | 6.19x | 2486781 | 15385022 |
| Employee | 10.52x | 15552 | 163668 |
| Total | 5.68x | 24883778 | 141462190 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Ventive Hospitality Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 253.34 | 208.51 | 83.83 |
| EBITDA | 301.49 | 257.83 | 131.64 |
| PAT | 166.32 | 131.27 | 29.43 |
| Total Assets | 187.64 | 112.58 | 161.14 |
| Share Capital | 10.44 | 10.44 | 10.71 |
| Total Borrowings | 507.45 | 450.51 | 419.66 |
| Operating Activities (Net Cash) | 214.47 | 180.59 | 77.24 |
| Investing Activities (Net Cash) | 148.23 | 39.81 | 1.15 |
| Financing Activities (Net Cash) | 507.45 | 450.51 | 419.66 |
| Net Cashflow | 70.92 | 59.32 | 119.01 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Ventive Hospitality Ltd
Our Company was incorporated as `O4U Realty (India) Private Limited' as a private limited company under the Companies Act, 1956 at Mumbai, Maharashtra and a certificate of incorporation was granted by the Registrar of Companies, Maharashtra, Mumbai on February 12, 2002. The name of our Company was changed to `ICC Realty (India) Private Limited' as part of a re-branding exercise, and a fresh certificate of incorporation was issued by the Registrar of Companies, Maharashtra, Mumbai on February 27, 2003. Thereafter, the name of our Company was further changed to `Ventive Hospitality Private Limited' again pursuant to a re-branding exercise, and a fresh certificate of incorporation was issued by the Registrar of Companies, Central Processing Centre on July 8, 2024. Our Company was subsequently converted into a public limited company and the name of our Company was changed to `Ventive Hospitality Limited' and a fresh certificate of incorporation dated August 28, 2024 was issued by Registrar of Companies, Central Processing Centre.
The India travel and tourism sector contributed Rs. 19.1 trillion of GDP in 2023 and is expected to contribute over Rs. 43 trillion by 2034. Domestic travel visits grew at a 13.5% CAGR between 2001-2019. HAI estimates that foreign tourists in India will cross 30 million by 2037 (from 9.3 million in 2023). The Maldives received 1.9 million foreign tourists in 2023 from various international source markets (including long-haul markets). Pune currently ranks as the sixth largest office market in India in terms of completed stock.
We are predominantly a hospitality asset owner primarily focused on luxury offerings across business and leisure segments in India and the Maldives. Until August 2024, our portfolio consisted of an integrated hospitality-led development comprising JW Marriott, Pune, ICC Offices, Pune and ICC Pavilion, Pune. In August 2024, pursuant to the Acquisition Transactions, we acquired 10 operational hospitality assets (seven in India and three in Maldives) and two hospitality assets under development (one each in India and Sri Lanka). Pursuant to such Acquisition Transactions, we also acquired two Grade A office assets.
Peer Comparison:
- Chalet Hotels Ltd
- Samhi Hotels Ltd
- Juniper Hotels Ltd
- Indian Hotels Co Ltd
- EIH Ltd
- Lemon Tree Hotels Ltd
Ventive Hospitality Ltd IPO Key Points
Strengths
- Premium hospitality assets complemented by Grade A annuity assets.
- Established track record of development and acquisition-led growth in India and the Maldives.
- Renowned Promoters with global and local expertise.
- Professional and experienced management team.
- Proven track record of active asset management.
Risk
- The Company acquired the New Portfolio recently (in Fiscal 2025) from its Promoters and may undertake such acquisitions in the future. Further, the Pro Forma Financial Information prepared for this Red Herring Prospectus is presented for illustrative purposes only to illustrate the impact of such acquisition of New Portfolio as if the acquisition had taken place at the beginning of the applicable period/year and may not accurately reflect its future financial condition or results of operations.
- The company relies on third parties for the quality of services at its hospitality assets and the company hospitality assets are operated by or franchised from third-party brands. Any adverse impact on the reputation of its hospitality assets, or the brands under which they operate, or a failures of quality control systems at its hospitality assets could adversely affect the company business, results of operations and financial condition.
- The company does not have a consolidated operating history through which its overall performance may be evaluated and have incurred losses in the recent past. If the company does not successfully integrate and operate the properties that the company has acquired pursuant to the Acquisition Transactions, its may continue to incur losses and the company's business, financial condition, cash flows and results of operations may be adversely affected.
Strategy
- Developing and expanding our asset base.
- Drive organic growth from ramp-up of our existing assets.
- Leverage on our award-winning F&B and amenities.
- Optimize event spaces.
- Selective acquisitions supported by cash flows and significant debt headroom.
- Premium hospitality assets complemented by Grade A annuity assets.
- Established track record of development and acquisition-led growth in India and the Maldives.
- Renowned Promoters with global and local expertise.
- Professional and experienced management team.
- Proven track record of active asset management.
How To Apply for Ventive Hospitality Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
