Ventive Hospitality Limited – Globe Capital Market LTD.
Ventive Hospitality Limited
Closed
Price Band
₹610 to ₹643 per share
IPO Issue Period
December 20, 2024 to December 24, 2024
Issue Size
₹1,600.00 Cr
Face value
₹1 per share
Fresh issue
₹1,600.00 Cr
Offer for sale
NIL
Minimum Shares for Retail
21 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
Monday, December 30, 2024
QIB
75%
NII
15%
Price Band
Employee Discount
30
Retail
10%

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Ventive Hospitality Limited is in the hospitality business, primarily focusing on business and leisure segments. The company primarily focuses on developing and managing high-end luxury hotels and resorts. As of September 30, 2024, the company has 11 operational hospitality assets in India and the Maldives, with 2,036 keys across various upscale segments.

The company’s hospitality assets are operated by or franchised by global operators such as Marriott, Hilton, Minor and Atmosphere. The company’s hotels are located in prime areas like Pune and Bengaluru, popular tourist spots such as the Maldives, and significant spiritual and cultural centres like Varanasi. The company’s pre-acquisition luxury hospitality asset comprises JW Marriott, Pune, and its post-acquisition luxury hospitality assets comprise JW Marriott, Pune, The Ritz-Carlton, Pune, Conrad, Maldives, Anantara, Maldives and Raaya by Atmosphere, Maldives.

For the year/period ended (Rs. in Cr.)

FY24 FY23 FY22
Total Revenue 1,907.38 1,762.19 1,197.61
Profit After Tax -66.75 15.68 -146.2
EPS (5.24) (0.71) (7.42)
OPM (%) 60.75% 56.61% 52.46%
PATM (%) (33.62%) (29.72%) (12.39%)

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY23
Net Profits(Cr.)
FY23
Ventive Hospitality Limited 15,016.70 643 18.37 1,907.38 -66.75
Chalet Hotels Ltd. 21,754.31 995.95 7.71 289.15 1,417.25 278.18
Juniper Hotels Ltd. 7,838.76 352.3 2.97 229.61 817.66 23.8
Samhi Hotels Ltd. 4,533.08 206 4.26 0 957.39 -234.62

 

 

 

  • 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,
  1. Repayment/prepayment, in part or full, of certain of borrowings availed by the company:
  2. For payment of interest accrued thereon; and
  3. Step-down Subsidiaries, namely SS & L Beach Private Limited and Maldives Property Holdings Private Limited, including the payment of interest thereon through investment in such step-down Subsidiaries;

General corporate purposes

Considering the future growth prospects & government’s focus on tourism sector, well-informed investors may subscribe this IPO for medium to long term.

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