Ventive Hospitality IPO opened for subscription on December 20, 2024, and closed on December 24, 2024.
It was a book-built issue of ₹1,600.00 crore. The issue was a fresh issue of 2.49 crore shares. Ventive Hospitality IPO price band was set at ₹610 to ₹643 per share.
On Day 3 of subscription, December 24, as of 6:20 PM, Ventive Hospitality IPO was subscribed 10.33 times. QIBs subscribed 9.58x, NIIs subscribed 14.6x, and retail investors subscribed 6.19x.
The share allotment was finalised on December 26, 2024, and the shares were listed on BSE and NSE on December 30, 2024.
On the listing day, on the NSE, Ventive Hospitality share price opened at ₹716.00, up from its issue price of ₹643.00. At 10:28 AM, the share price was trading at ₹717.25, up by 0.17% from its opening price of ₹716.00. As of the same time, the stock touched its day’s high at ₹749.00. The company’s market cap was ₹16,750.77 crore.
On the BSE, at 10:30 AM, Ventive Hospitality share price was trading at ₹718.75, up by 0.08% from its opening price of ₹504.85 and 11.78% up from its issue price of ₹643.00.
Ventive Hospitality Limited is a hospitality asset owner specialising in luxury offerings within both business and leisure sectors. Its portfolio consists of 11 operational assets in India and the Maldives, totalling 2,036 keys across the luxury, upper upscale, and upscale categories. These properties are managed or franchised by global operators such as Marriott, Hilton, Minor, and Atmosphere, as of September 30, 2024.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 30, 2024, 10:44 AM IST
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