Ventive Hospitality IPO subscribed 0.84 times on Day 2. Check GMP and other details

Team Finance Saathi

    23/Dec/2024

What's covered under the Article:

  1. Ventive Hospitality IPO details including subscription status and financial highlights.
  2. Analysis of grey market premium and its implications for listing gains.
  3. Step-by-step guide to check Ventive Hospitality IPO allotment status online.

Ventive Hospitality is revolutionizing mixed-use developments with its blend of luxury hospitality and highly efficient workspaces. By creating exclusive communities featuring unmatched amenities and high-end finishes, the company is redefining modern living and working environments. Their strategic vision and innovative designs ensure work, leisure, and recreation thrive seamlessly together.

The Ventive Hospitality IPO, a Book Built Issue of ₹1,600.00 Crores, consists entirely of a Fresh Issue of 248.83 Lakh Shares. The IPO opens for subscription from December 20, 2024, to December 24, 2024, with shares expected to list on the BSE and NSE on or around December 30, 2024.

The price band for the IPO is ₹610 to ₹643 per equity share, and the lot size is 23 shares. For retail investors, the minimum investment amount is ₹14,789, while high-net-worth individuals (HNIs) need to invest a minimum of ₹2,07,046.

Key Financial Metrics

Ventive Hospitality’s revenue from operations has grown steadily, reaching ₹19,073.78 Million in FY24. However, the company reported a net loss of ₹667.46 Million in FY24, following a loss of ₹1,461.97 Million in FY22. The pre-issue EPS is -5.24, and the post-issue EPS is -2.86, indicating negative earnings per share.

Despite these challenges, Ventive Hospitality continues to invest in expanding its portfolio of innovative projects that combine luxury hospitality with efficient workspaces.

Grey Market Premium (GMP)

As of now, the Grey Market Premium (GMP) for Ventive Hospitality IPO is ₹0, reflecting no expected listing gains. Investors should note that GMP trends are based on unregulated market conditions and do not guarantee the stock's actual performance post-listing.

Subscription Status

As of 12:00 PM on December 23, 2024, the IPO has been subscribed 0.84 times. Investors can monitor live subscription updates on the BSE website for real-time data.

Anchor Investors

Ventive Hospitality raised ₹719.54 Crores from anchor investors, with 1,11,90,513 equity shares allocated at ₹643 per share. The anchor allocation is drawn from the QIB reservation portion.

Objectives of the IPO

The proceeds from the Ventive Hospitality IPO will be utilized for:

  • Repayment or prepayment of borrowings amounting to ₹14,000.00 Million, including loans availed by the company and its subsidiaries.
  • General corporate purposes to support the company’s growth initiatives.

Allotment Status

The allotment for Ventive Hospitality IPO will be finalized on December 26, 2024. Investors can check their allotment status by:

  1. Visiting the registrar’s website (KFin Technologies Limited).
  2. Selecting Ventive Hospitality IPO from the dropdown menu.
  3. Entering their application number, PAN, or DP Client ID.
  4. Submitting the details to view the allotment status.

Recommendation

While Ventive Hospitality is pioneering innovative mixed-use developments, its financial performance raises concerns. The company’s negative earnings and high valuation suggest limited potential for short-term listing gains. The IPO is recommended only for investors with a long-term outlook on the hospitality and real estate sectors.

The Upcoming IPOs in this week and coming weeks are Solar91 CleantechAnya PolytechRosmerta DigitalIndo Farm, and Avanse FinancialThe Current active IPO is Unimech AerospaceVentive HospitalitySenores PharmaceuticalsCarraro India, Transrail LightingMamata MachineryDAM Capital, Sanathan TextilesConcord Enviro and Newmalayan SteelFor 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.

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