Ventive Hospitality, a prominent developer known for its mixed-use developments, is set to launch its Initial Public Offering (IPO) to raise ₹1,600.00 Crores. The issue consists entirely of a Fresh Issue of 248.83 lakh shares, with a price band set between ₹610 and ₹643 per share. The subscription period for the Ventive Hospitality IPO is open from December 20, 2024, to December 24, 2024. Allotment will be finalized on December 26, 2024, with the shares expected to list on both the BSE & NSE on December 30, 2024.

The market capitalization of Ventive Hospitality at the upper price band is ₹15,016.74 Crores. The lot size for this IPO is 23 shares, which requires a minimum investment of ₹14,789 for retail investors. High-Net-Worth Individuals (HNIs) will need to invest in a minimum of 14 lots (322 shares), amounting to ₹2,07,046.

Ventive Hospitality IPO Subscription Status

As of December 20, 2024, the Ventive Hospitality IPO has been subscribed 0.71 times on its first day of subscription. This indicates a moderate demand for the IPO, with room for further interest during the remaining subscription period.

Grey Market Premium (GMP) and Expected Listing Price

The Grey Market Premium (GMP) for the Ventive Hospitality IPO is currently ₹0, indicating that no significant listing gains are expected at this time. The expected listing price is ₹643, in line with the issue price, suggesting no immediate premium or gains from the grey market.

Ventive Hospitality IPO Anchor Investors Report

Ventive Hospitality has raised ₹719.54 Crores from Anchor Investors, with 1,11,90,513 equity shares allocated at a price of ₹643 per share. This substantial investment highlights institutional confidence in the company, although it does not indicate strong initial retail interest.

Ventive Hospitality IPO Allotment Process

The allotment date for the Ventive Hospitality IPO is set for December 26, 2024. To check your allotment status, follow these simple steps:

1. Go to the IPO allotment status page.
2. Select Ventive Hospitality IPO from the dropdown list.
3. Enter your application number, PAN, or DP Client ID.
4. Submit the details to check your allotment status.

Objectives of the Ventive Hospitality IPO

The net proceeds from the Ventive Hospitality IPO will be used for the following purposes:

1. Repayment/Prepayment of Borrowings: ₹14,000.00 Million will be allocated to reduce borrowings and related interest payments, including those of subsidiaries like SS & L Beach Private Limited and Maldives Property Holdings Private Limited.
2. General Corporate Purposes: Remaining funds will be used for various corporate needs.

Financial Performance and Valuation Metrics

For the fiscal year ending 2024, Ventive Hospitality reported revenues of ₹19,073.78 million, an EBITDA of ₹7,994.47 million, and a Profit after Tax (PAT) loss of ₹667.46 million. The company has shown improvement in revenues and EBITDA compared to previous years but still remains unprofitable.

The pre-issue EPS is -₹5.24, and the post-issue EPS is -₹2.86. The P/E ratio for the IPO is -122.71x (pre-issue) and -224.98x (post-issue), compared to the industry P/E of 78x, highlighting the company's challenging profitability and high valuation.

IPO Review and Recommendation

Ventive Hospitality is a developer specializing in luxury hospitality and mixed-use developments. While the company's luxury offerings and strategic vision are appealing, its financial performance remains unprofitable with a negative P/E ratio and low return metrics. The Grey Market Premium (GMP) of ₹0 and absence of immediate gains suggest minimal listing benefit.

Given these factors, we recommend avoiding the IPO for listing gains. Investors looking for long-term growth in the real estate and hospitality sectors should monitor the company’s progress after listing, but for now, the financials and valuation do not justify a strong listing play.

The Upcoming IPOs in this week and coming weeks are Solar91 Cleantech, Unimech Aerospace, Anya Polytech, Rosmerta Digital, Indo Farm, and Avanse Financial. The Current active IPO is Ventive Hospitality, Senores Pharmaceuticals, Carraro India, Transrail Lighting, Mamata Machinery, DAM Capital, Sanathan Textiles, Concord Enviro and Newmalayan Steel. For more details on upcoming IPOs, you can visit our page at  and stay updated with the latest news on IPO updates on . Join our  for regular Stock Market Trading and Investment Calls by  - SEBI Registered Research Analyst &  for Regular Share Market, News & IPO Updates. Start your Stock Market Journey and Apply in IPO by opening a Free Demat Account in .Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance SaathiTop News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance SaathiTrading with CA Abhay Telegram ChannelCA Abhay VarnFinance Saathi Telegram ChannelChoice Broking FinX