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Ventive Hospitality IPO: Check GMP, Final Day Subscription Status, Price Band And More
- The initial public offering of Blackstone-backed Ventive Hospitality Ltd was fully subscribed on day two of bidding with a subscription status of 1.63 times on day 3.
- The grey market premium of Ventive Hospitality IPO rose to Rs 54 as of 8:11 a.m, according to InvestorGain.
- The price band of the IPO has been set in the range of Rs 610–Rs 643 per share. The market value at the upper end of the price band is Rs 15,017 crore.
- Panchshil holds a 60% stake in Ventive Hospitality, while Blackstone owns the remaining 40%.
- Ventive Hospitality is a hospitality asset owner primarily focused on luxury offerings across business and leisure segments in India and the Maldives.
- The company operates 2,036 hotel keys across the luxury, upper upscale and upscale segments.
- Ventive Hospitality reported a 27% rise in net profit at Rs 166 crore in the last financial year from Rs 131 crore in the previous fiscal.
- Ventive Hospitality's loss can be attributed to a relatively higher other expenses component of Rs 128 crore during the first half. Revenue stood at Rs 373 crore and operating income was at Rs 164 crore.
- The company plans to use up to Rs 1,400 crore of the share-sale proceeds to fund repayment and prepayments of debts.
- Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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