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Ventive Hospitality IPO
Price Band
₹610.0–643.0
Issue Size
₹1600.0 Cr
Lot Size
23 shares
Min Investment
₹14,789
GMP
+₹80.0 (12.44%)
Issue Price
₹643.0
Subject to Sauda
₹1400
Paid only if allotted
Ventive Hospitality IPO AI Summary
- Ventive Hospitality IPO is listed on BSE, NSE in the Hotels & Resorts sector.
- Price band: ₹610.0–₹643.0 per share, lot size 23 shares (min. investment ₹14,789).
- Subscription window: 20 Dec–24 Dec 2024, listing on 30 Dec 2024.
- Current GMP is +₹80.0 (12.44%), an estimated listing price of ₹723 — unofficial and can change daily.
Ventive Hospitality Limited is a hospitality company with a focus on luxury hotels and resorts, operating in key locations. Despite a strong asset base and management team, the company has faced challenges in profitability, which potential investors should consider carefully.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Ventive Hospitality IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Dec 2024 — not a current signal.
Reviewers are split — see individual calls below.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Ventive Hospitality IPO Grey Market Premium (GMP) Today
GMP
+₹80.0
GMP %
+12.44%
Est. Listing
₹723.0
Updated: 25 Jul 2026 14:02
About the Company
Incorporated in February 2002, 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. As of September 30, 2024, the company had 2,791 permanent employees and employed 632 personnel on a contract basis across its hospitality assets. Competitive 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 adding value through active asset management Well-positioned to benefit from strong industry tailwinds
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 8,794.10 | 8,606.17 | 8,010.41 | |
| Total Income | 875.90 | 1,907.38 | 1,762.19 | 1,197.61 |
| Profit After Tax | -137.83 | -66.75 | 15.68 | -146.20 |
| NET Worth | 3,665.83 | 3,657.15 | 3,441.39 | |
| Total Borrowing | 3,682.13 | 3,599.66 | 3,291.07 |
Key Ratios
EPS
₹-3.20
NAV
₹175.69
RoNW
-1.82%
P/B Value
3.66
P/E Ratio
-201.01
Market Cap
₹15016.70 Cr
PAT Margin
35.00%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Apeejay Surrendra Park Hotels Ltd | 56.13 | 5.74% | 42.96 | 3.82 | 3.82 |
| Lemon Tree Hotels Ltd | 19.52 | 11.75% | 69.1 | 1.88 | 1.88 |
| Eih Limited | 65.34 | 16.58% | 36.68 | 10.22 | 10.22 |
| The Indian Hotels Company Limited | 71.16 | 13.13% | 87.89 | 8.86 | 8.86 |
| Juniper Hotels Limited | 119.34 | 0.9% | 244.86 | 1.46 | 1.46 |
| Samhi Hotels Limited | 47.63 | — | — | -14.67 | -14.67 |
| Chalet Hotels Ltd | 90.08 | 15.03% | 66.04 | 13.54 | 13.53 |
| Ventive Hospitality Limited This IPO | 175.69 | -1.82% | — | -5.24 | -5.24 |
Promoters
Atul I.Chordia, Atul I.Chordia (HUF), Premsagar Infra Realty Pvt.Ltd., BRE Asia ICC Holdings Ltd. and BREP Asia III India Holding Co VI Pte.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/prepayment, in part or full, of certain of borrowings availed by the Company and subsidaries, namely SS & L Beach Private Limited and Maldives Property Holdings Private Limited 1,400.00 2 General Corporate Purposes 119.46 Total 1,519.46
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹1,197.61 Cr in the year ending 31 Mar 2022, increasing to ₹1,762.19 Cr by 31 Mar 2023, and further rising to ₹1,907.38 Cr by 31 Mar 2024. However, for the period ending 30 Sep 2024, total income was ₹875.90 Cr, which is a 9-month figure and not directly comparable to the full-year figures.
Profit Trend
The profit after tax was ₹-146.20 Cr for the year ending 31 Mar 2022, improving to ₹15.68 Cr by 31 Mar 2023. However, it declined to ₹-66.75 Cr for the year ending 31 Mar 2024, and further worsened to ₹-137.83 Cr for the period ending 30 Sep 2024, which is also a 9-month figure and not directly comparable.
Valuation
At the issue price of ₹643.0, Ventive Hospitality has an implied P/E ratio of -201.01, while its peers have P/E ratios ranging from 36.68 to 244.86.
Key Risks
Investors should consider the company's history of negative profitability and the competitive nature of the hospitality industry, which may impact future performance.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the price at which shares are expected to trade in the unofficial market before listing. A positive GMP suggests that investors are optimistic about the stock's performance on listing day.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance.
Who May Want to Wait
Investors with a low risk appetite or those seeking stable and consistent profitability may want to avoid this IPO due to its recent financial performance.
IPO Timeline, Explained
The IPO opens for subscription from 20 December 2024 and closes on 24 December 2024. Allotment of shares will be done on 26 December 2024, and the shares are expected to be listed on 30 December 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may see a rise in share price on their debut, others may not perform as well, and investors should be prepared for potential volatility.
This evaluation is generated from Ventive Hospitality's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Ventive Hospitality IPO GMP today?
Ventive Hospitality IPO GMP today is +₹80.0 (12.44%), indicating an estimated listing price of ₹723. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Ventive Hospitality IPO?
The price band of Ventive Hospitality IPO is ₹610.0–₹643.0 per share.
When does Ventive Hospitality IPO open and close?
Ventive Hospitality IPO opens on 20 December 2024 and closes on 24 December 2024.
When does Ventive Hospitality IPO list on the stock exchange?
Ventive Hospitality IPO listed on 30 December 2024 at ₹723.0.
What is the lot size for Ventive Hospitality IPO?
The lot size for Ventive Hospitality IPO is 23 shares, requiring a minimum investment of ₹14,789.
What is the lot size for this IPO?
The lot size for Ventive Hospitality's IPO is 23 shares.
What is the minimum investment required?
The minimum investment required is ₹14,789.
What is the price band for the IPO?
The price band for the IPO is ₹610 to ₹643.
When is the listing date?
The listing date is expected to be 30 December 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price of the shares in the grey market before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
20 Dec 2024
Close
24 Dec 2024
Allotment
26 Dec 2024
Listing
30 Dec 2024
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