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Ventive Hospitality IPO: Check GMP, Day 2 Subscription Status, Price Band And More
- Ventive Hospitality IPO enters day two of bidding; was 0.71 times subscribed on its first day.
- Grey market premium for Ventive Hospitality IPO stands at Rs 29, implying shares may list at Rs 672 apiece.
- IPO consists purely of a fresh issue worth Rs 1,600 crore; price band set in range of Rs 610–643 per share.
- Ventive Hospitality operates 11 operational assets in India and Maldives, including JW Marriott in Pune.
- Blackstone owns 40% stake in Ventive Hospitality, which plans to use up to Rs 1,400 crore of IPO proceeds to repay debts.
- Ventive Hospitality holds a portfolio of 2,036 hotel keys across luxury, upper upscale and upscale segments.
- The company reported a net profit of Rs 166 crore and revenue of Rs 478 crore in last financial year; operating income rose by 27% to Rs 284 crore.
- Ventive Hospitality plans to increase its number of keys from 2,036 to 2,403 by FY 2028.
- Key risks include limited consolidated operating history, pro forma losses and vulnerability to changes in third-party operator and franchisor agreements.
- Ventive Hospitality IPO subscribed 0.85 times on Day 1; QIBs subscribed 1.05 times, NIIs 0.26 times, and retail investors 1.12 times.
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