Ventive Hospitality Ltd

Ventive Hospitality Ltd IPO

IPO Price Range: ₹610 - 643

We are predominantly a hospitality asset owner primarily focused on luxury offerings across business and leisure segments in India and the Maldives. Until August 2024, our portfolio consisted of an integrated hospitality-led development comprising JW Marriott, Pune, ICC Offices, Pune and ICC Pavilion, Pune. In August 2024, pursuant to the Acquisition Transactions, we acquired 10 operational hospitality assets (seven in India and three in Maldives) and two hospitality assets under development (one each in India and Sri Lanka). Pursuant to such Acquisition Transactions, we also acquired two Grade A office assets.

Min Investment

₹14,789

IPO Size

₹1,600 Cr

IPO Status

Closed

Quantity in 1 Lot

23

Max Bid allowed

13

Listing Exchange

NSE

IPO Application Timeline of Ventive Hospitality Ltd

Open Date20 Dec 2024
Close Date24 Dec 2024
Allotment Date26 Dec 2024
Listing Date30 Dec 2024

IPO subscribed over

🚀 9.8x

This IPO has been subscribed by 5.87x in retail and 9.08x in QIB.

Subscription Rate

Total Subscription9.8x
Retail Individual Investors5.87x
Qualified Institutional Buyers9.08x
Non Institutional Investors13.85x

Key Statistics

Bid Opening DateBid Opening Date20 Dec 2024
Bid Closing DateBid Closing Date24 Dec 2024
Allotment DateAllotment Date26 Dec 2024
Issue SizeIssue Size₹1,600Cr
Quantity in 1 lotQuantity in 1 lot23

Strengths and Risks

Strengths

Strengths

  • Premium hospitality assets complemented by Grade A annuity assets.

  • Established track record of development and acquisition-led growth in India and the Maldives.

  • Renowned Promoters with global and local expertise.

  • Professional and experienced management team.

  • Proven track record of active asset management.

  • Well-positioned to benefit from strong industry tailwinds.


Risks

Risks

  • The Company acquired the New Portfolio recently (in Fiscal 2025) from its Promoters and may undertake such acquisitions in the future. Further, the Pro Forma Financial Information prepared for this Red Herring Prospectus is presented for illustrative purposes only to illustrate the impact of such acquisition of New Portfolio as if the acquisition had taken place at the beginning of the applicable period/year and may not accurately reflect its future financial condition or results of operations.

  • The company relies on third parties for the quality of services at its hospitality assets and the company hospitality assets are operated by or franchised from third-party brands. Any adverse impact on the reputation of its hospitality assets, or the brands under which they operate, or a failures of quality control systems at its hospitality assets could adversely affect the company business, results of operations and financial condition.

  • The company does not have a consolidated operating history through which its overall performance may be evaluated and have incurred losses in the recent past. If the company does not successfully integrate and operate the properties that the company has acquired pursuant to the Acquisition Transactions, its may continue to incur losses and the companys business, financial condition, cash flows and results of operations may be adversely affected.

  • Most of its hospitality assets are operated by or franchised from Marriott and Hilton, collectively comprising 8 out of 11 operational hospitality assets, contributing to 78.05% of the keys in its hospitality portfolio as at September 30, 2024 and 49.19% of the company pro forma total income for the six months ended September 30, 2024. While the company has entered into long term agreements with such third party operators or franchisors, if these agreements are terminated or not renewed, its business, results of operations, cash flows and financial condition may be adversely affected.

  • Prior to the Acquisition Transactions, all its total income on a restated basis was derived from assets located in Pune. A significant portion of its pro forma total income is derived from assets concentrated in a few geographical locations (58.40% and 32.03% of our pro forma total income for the six months ended September 30, 2024 fromassets located in Pune and Maldives, respectively, contributing to 90.43% of its pro forma total income for the six months ended September 30, 2024, and 53.29% and 38.24% of its pro forma total income for FY24 from assets located in Pune and Maldives, respectively, contributing to 91.53% of its pro forma total income for FY24). Any adverse developments affecting such assets or locations could have an adverse effect on its business, financial condition, cash flows and results of operations.

  • Prior to the Acquisition Transactions, all its total income on a restated basis was derived from assets located in Pune. A significant portion of its pro forma total income is derived from assets concentrated in a few geographical locations (58.40% and 32.03% of its pro forma total income for the six months ended September 30, 2024 from assets located in Pune and Maldives, respectively, contributing to 90.43% of its pro forma total income for the six months ended September 30, 2024, and 53.29% and 38.24% of its pro forma total income for FY24 from assets located in Pune and Maldives, respectively, contributing to 91.53% of its pro forma total income for FY24). Any adverse developments affecting such assets or locations could have an adverse effect on the company business, financial condition, cash flows and results of operations.

  • Its annuity assets contributed to 28.02% and 24.44% of the company pro forma total income for the six months ended September 30, 2024 and FY24, respectively. If there is a decline in demand for office and retail properties, its business, financial condition, results of operations and cash flows may be adversely affected.

  • The success of its business is dependent on the ability to anticipate and respond to customer requirements. The company business may be affected if the company is unable to identify and understand contemporary and evolving customer preferences or if the company is unable to deliver quality service as compared to its competitors. Further, any delay in execution of ongoing projects would adversely impact the operations and profitability of the Company.

  • Its hospitality business is subject to seasonal and cyclical variations that could result in fluctuations in its results of operations and cash flows.

  • Conflicts of interest may arise out of common business objectives shared by its Promoters, the Company and their respective associates/affiliates and its Directors. Further, the BRE Promoters have not entered into a deed of right of first offer in respect of any assets owned by them or other entities of Blackstone which could lead to potential conflicts of interest.

Promoters Holding

Investors Holdings %
Atul I Chordia HUF1.11%
Premsagar Infra Realty Pvt Ltd41.73%
BRE Asia ICC Holdings Ltd24.97%
BREP Asia III India Holding Co11.25%
Atul I Chordia1.85%

About Ventive Hospitality Ltd

OrganisationVentive Hospitality Ltd
HeadquartersPune
IndustryRealty

Frequently Asked Questions

  • What is the size of the Ventive Hospitality Ltd IPO?

    The size of the Ventive Hospitality Ltd IPO is ₹1,600Cr .

  • What is 'pre-apply' for Ventive Hospitality Ltd IPO?

    'Pre-apply' for Ventive Hospitality Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Ventive Hospitality Ltd IPO order be placed?

    Your Ventive Hospitality Ltd IPO order will be placed on 20 Dec 2024.

  • What are the open and close dates of the Ventive Hospitality Ltd IPO?

    The open and close dates of the Ventive Hospitality Ltd IPO are 20 Dec 2024 to 24 Dec 2024.

  • What is the lot size and minimum order quantity of the Ventive Hospitality Ltd IPO?

    The lot size and minimum order quantity of the Ventive Hospitality Ltd IPO are 23 and 23 respectively.

  • What would be the listing gains on the Ventive Hospitality Ltd IPO?

    The potential listing gains on the Ventive Hospitality Ltd IPO will depend on various market factors and cannot be predicted with certainty.