New Delhi: Ventive Hospitality IPO allotment date is fixed on Thursday, December 26, 2024. Ventive Hospitality IPO shares will be listed on both BSE, NSE and the listing date has been tentatively fixed on Monday, December 30, 2024. Ventive Hospitality IPO is a book-built issue of Rs 1,600 crores. It has got no OFS part and consists only of fresh shares.
The Ventive Hospitality IPO management has raised Rs 719 crore from anchor investors such as Government Pension Global Fund, Allspring Global Investment LLC, Quant Mutual Fund, JM Financial MF, SBI General Insurance Company and SBI Life Insurance Company.
Ventive Hospitality IPO GMP, price
The Ventive Hospitality IPO GMP or Grey market Premium was recorded at Rs 67 on December 19 evening by investorgain. It was 0 on December 18. Considering the upper price band of Rs 643, the GMP on December 19, the estimated listing price will be Rs 710, which indicates a listing gain of 10.42%. However, it must be borne in mind that GMP is an unofficial gauge and can change with time. It guarantees nothing – listing gain or loss but is regarded as an important benchmark by investors.
The Ventive Hospitality IPO price band has been fixed at Rs 610-643 per share. For a retail investor, the minimum investible lot consists of 23 shares. It will entail an application money of Rs 14,789. For sNII, the minimum investible lot has 322 shares or 14 lots which will cost Rs 2,07,046. For bNII investors, he/she has to invest a minimum of Rs 10,05,652 to pick up a minimum of 68 lots or 1,564 shares.
Ventive Hospitality business
The company was set up in February 2002. Ventive Hospitality is in the business of hospitality and its focus area is leisure and business travellers. It manages and developes high-end hotels and resorts. Ventive Hospitality has nothing fewer than 11 operational hotels/resorts in India as on September 30, 2024. It offers a bouquet of 2,036 rooms in different locations such as Maldives, Bengalurum Pune and Varanasi. The assets of the company are operated by global chains such as Hilton, Marriott, Minor and Atmosphere.
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The book-built issue of Rs 1,600 crore consists entirely a fresh issue of 2.49 crore shares. The issue opens today, December 20 and bidding closes on Tuesday, December 24. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
