Ventive Hospitality IPO Details, Financials, Valuation & Peers
Explore Ventive Hospitality IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Ventive Hospitality Limited is a hospitality asset owner specializing in luxury offerings across the business and leisure segments. The company’s diverse portfolio includes 11 operational hospitality assets across India and the Maldives, totaling 2,036 keys in the luxury, upper upscale, and upscale segments as of September 30, 2024. Partnering with global operators such as Marriott, Hilton, Minor, and Atmosphere, Ventive has strategically developed and acquired marquee hotel properties that command premium rates and deliver exceptional guest experiences. The company’s flagship assets include JW Marriott Pune, The Ritz-Carlton Pune, and three luxury properties in the Maldives (Conrad Maldives, Anantara Maldives, and Raaya by Atmosphere) further strengthening its presence in high-value tourism destinations.
Key Points:
- Portfolio Across Luxury Segments: 11 operational assets totaling 2,036 keys as of September 30, 2024. Key assets include JW Marriott Pune, The Ritz-Carlton Pune, Conrad Maldives, Anantara Maldives, and Raaya by Atmosphere.
- Global Partnerships:
- Properties are operated by or franchised from renowned global operators like Marriott, Hilton, Minor, and Atmosphere.
- Flagship Properties in Pune:
- JW Marriott Pune is the largest luxury hotel in Pune with 400–500 keys and the largest ballroom in Western India ideal for MICE events and weddings.
- The Ritz-Carlton Pune is one of only two Ritz-Carlton hotels in India.
- Presence in Maldives:
- Maldives luxury assets cater to the high-demand “one island, one resort” concept.
- Conrad Maldives houses Muraka, the first undersea residence globally, and Ithaa, an iconic underwater restaurant.
- Award-Winning F&B:
- Eight restaurants in Pune rank among the top 10 fine dining options on TripAdvisor.
- Maldives properties feature unique F&B experiences tailored for luxury travelers.
Objects of the Issue
- Repayment/prepayment, in part or full, of certain of borrowings availed by the Company including payment of interest accrued thereon
- Repayment/prepayment, in part or full, of certain of borrowings availed by the 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
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 20 Dec - 24 Dec 2024 |
| IPO Price Band | ₹610 - ₹643 per share |
| Fresh Issue | ₹1,600 crore |
| Offer For Sale | NIL |
| Total IPO Size | ₹1,600 crore |
| Face Value | ₹1 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 20 Dec 2024 |
| IPO Closing Date | 24 Dec 2024 |
| Basis Of Allotment | 26 Dec 2024 |
| Refunds | 27 Dec 2024 |
| Demat Transfer | 27 Dec 2024 |
| IPO Listing Date | 30 Dec 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 237.51 | 441.75 | 494.71 | 388.93 |
| Total Expenses | 201.48 | 282.57 | 289.52 | 352.45 |
| Net Profit/Loss | 29.43 | 131.27 | 166.32 | -20.76 |
| NPM (*) | 12.39 | 29.72 | 33.62 | -5.34 |
| Total Assets | 824.92 | 779.29 | 951.97 | 8,714.47 |
| Total Liabilities | 609.83 | 611.52 | 617.52 | 4,917.65 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 2.75 | 12.36 | 15.92 | -2.28 |
| ROE (%) | 15 | 69 | 66 | NA |
| ROCE (%) | 11 | 31 | 31 | NA |
| D/E Ratio | 1.95 | 2.53 | 1.23 | NA |
| Current Ratio | 1.15 | 1.67 | 3.01 | 0.86 |
| EBITDA MARGIN (%) | 52.46 | 56.61 | 60.75 | 46.38 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Ventive Hospitality Limited | 477.98 | NA | 15.92 | 50.31 | 31.65 |
| Chalet Hotels Limited | 1,417.25 | 66.04 | 13.53 | 15.03 | 90.08 |
| Samhi Hotels Limited | 957.39 | - | -14.67 | NA | 47.63 |
| Juniper Hotels Limited | 817.66 | 244.86 | 1.46 | 0.90 | 119.34 |
| The Indian Hotels Company Limited | 6,768.75 | 87.89 | 8.86 | 13.13 | 71.16 |
| EIH Limited | 2,511.27 | 36.68 | 10.22 | 16.58 | 65.34 |
| Lemon Tree Hotels Limited | 1,071.12 | 69.10 | 1.88 | 11.75 | 19.52 |
| Apeejay Surrendra Park Hotels Limited | 578.97 | 42.96 | 3.82 | 5.74 | 56.13 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not less than 75% |
| Non-Institutional Investor (NII/HNI) | Not less than 15% |
| Retail Individual Investor (RII) | Not less than 10% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 9.58 |
| Non-Institutional Investor (NII/HNI) | 14.6 |
| Retail Individual Investor (RII) | 6.19 |
| Total | 10.33 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- ATUL I. CHORDIA
- ATUL I. CHORDIA HUF
- PREMSAGAR INFRA REALTY PRIVATE LIMITED
- BRE ASIA ICC HOLDINGS LTD
- BREP ASIA III INDIA HOLDING CO VI PTE. LTD.
Lead Managers
- JM Financial Limited
- Axis Capital Limited
- HSBC Securities and Capital Markets (India) Private Limited
- ICICI Securities Limited
- IIFL Capital Services Limited (Formerly known as IIFL Securities Limited)
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
Company Address
Ventive Hospitality Limited
2 nd Floor, Tower D, Tech Park One, Yerwada, Pune, Maharashtra, 411 006, India
Phone: +91 20 6906 1900
Email: CS@ventivehospitality.com
Website: www.ventivehospitality.com
FAQs
- What is the issue size of the Ventive Hospitality IPO?The Ventive Hospitality IPO has an issue size of ₹1,600 crore. This includes a fresh issue of ₹1,600 crore and an offer for sale (OFS) of NIL.
- What is the price band of the Ventive Hospitality IPO?The price band for the Ventive Hospitality IPO is ₹610 - ₹643 per share.
- What are the bidding dates for the Ventive Hospitality IPO?The Ventive Hospitality IPO will open for bidding on 20 Dec 2024 and close on 24 Dec 2024.
- What is the allotment date for the Ventive Hospitality IPO?The allotment date for the Ventive Hospitality IPO is 26 Dec 2024.
- What is the minimum lot size and investment required for the Ventive Hospitality IPO?The minimum lot size for the Ventive Hospitality IPO is 23 shares and the minimum investment required is ₹14,789.
- What is the listing date for the Ventive Hospitality IPO?The listing date for the Ventive Hospitality IPO is 30 Dec 2024.
- What is the Ventive Hospitality IPO grey market premium?The grey market premium (GMP) for the Ventive Hospitality IPO is currently at ₹67, with an expected listing gain of approximately 10.42%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.