New Delhi: New Ventive Hospitality IPO received 71 per cent subscription on the first day of bidding on December 20, 2024 (Friday). As per the NSE data available, the initial public offer IPO received bids for 1,02,39,485 shares against 1,44,34,453 shares on offer. The Qualified Institutional Buyers (QIBs) category got 1.05 times subscription, the Retail Individual Investors (RIIs) portion garnered 61 per cent subscription. The portion for the Non-Institutional Investors part was subscribed 10 per cent.
Blackstone-backed Ventive Hospitality mobilised Rs 719 crore from anchor investors. The IPO price band is fixed in the range of Rs 610-643 per share. Investors can apply for the issue till December 24 (Tuesday).
New Ventive Hospitality IPO GMP, allotment date
On the Day 2 of Ventive Hospitality IPO, the GMP was recorded at Rs 29, investorgain reported. With the price band fixed at Rs 643, the shares of Ventive Hospitality are projected to be ousted at Rs 672, indicating a listing gain of 4.51 per cent. Plz note: GMP figures are not official.
Ventive Hospitality IPO opened on December 20 and will close on December 24
Allotment expected on December 26
Initiation of Refunds Process likely to begin on December 27
The shares expectd to be credited to the eligible investors’ accounts on December 27
Ventive Hospitality shares listing expected on December 30
Ventive Hospitality IPO details
The Ventive Hospitality IPO is entirely a fresh issue of equity shares of up to Rs 1,600 crore and the issue is entirely a fresh issue of 2.49 crore shares. It has no offer-for-sale component. In its papers filed with the Securities and Exchange Board of India (SEBI), the company proposed to utilise the net IPO proceeds towards funding the debt payment and payment of interest accrued thereon.
Ventive Hospitality book-running lead managers: ICICI Securities, Capital Markets (India) Pvt Ltd, IIFL Capital Services Ltd (Formerly known as IIFL Securities Ltd), Kotak Mahindra Capital Company, JM Financial, Axis Capital, SBI Capital Markets and HSBC Securities. Kfin Technologies Limited is the registrar for the issue.
Ventive Hospitality is a joint venture between the US-based Blackstone Group and Panchshil Realty. The company is in the hospitality business and is engaged in developing and managing high-end luxury hotels and resorts. Notably, the assets of the firm are operated by or franchised from global operators, including Marriott, Hilton, Minor and Atmosphere.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
New Ventive Hospitality IPO will close for subscription on December 24, 2024. The GMP indicated a listing gain of around 4.50 per cent. The shares will list on BSE and NSE. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
