Today, December 30, is Ventive Hospitality's initial public offering (IPO) listing day. The company's equity shares will be placed on the BSE and NSE stock markets.
After obtaining a great response to its initial public offering (IPO), Ventive Hospitality shares are scheduled to debut on the stock market today. Today, December 30, is Ventive Hospitality's initial public offering (IPO) listing day. The company's equity shares will be placed on the BSE and NSE stock markets.The IPO allotment for Ventive Hospitality was finalized on December 26 after the issue was open from December 20 to 24.
The Exchange's trading members are officially notified that Ventive Hospitality Limited's equity shares will be listed and available for transactions as of Monday, December 30, 2024.
On Monday, Ventive Hospitality shares will be traded starting at 10:00 AM as part of the Special Pre-open Session (SPOS).
Trends for Ventive Hospitality's IPO grey market premium (GMP) today point to a successful debut ahead of the share listing. Additionally, analysts anticipate that Ventive Hospitality's shares will list at a price higher than the IPO price.
IPO GMP for Ventive Hospitality Today
The stock market analysts estimate that the Ventive Hospitality IPO GMP is ₹70 per share today. This shows that shares of Ventive Hospitality are trading at a premium of ₹70 per on the grey market, which is greater than the issue price.
Listing Price for Ventive Hospitality
The expected listing price of Ventive Hospitality shares, taking into account the IPO GMP today, would be ₹713 per share, which would represent an 11% premium over the IPO price of ₹643 per share.
Additionally, analysts estimate that the listing price of Ventive Hospitality's shares will be roughly 10% higher than the issue price.
"Despite being placed at high valuations, the Ventive Hospitality IPO garnered a respectable response. I therefore anticipate a strong start for the company's stock. The Ventive Hospitality IPO filing is anticipated to fetch a premium of between 10% to 12%, according to Arun Kejriwal, the founder of Kejriwal Research and Investment Services.
The Ventive Hospitality IPO, which has been oversubscribed 10.33 times and is scheduled to launch today at an 11% premium over the upper price band, according to Research Analyst Akriti Mehrotra of StoxBox.
With the help of solid alliances with international companies like Marriott and Hilton, the company manages 11 upscale properties, including flagship hotels like the JW Marriott Pune and The Ritz-Carlton Pune. However, it runs the risk of damaging its reputation because 78% of its keys are operated by other parties. Annuity assets also provide steady cash flows for Ventive, accounting for 41% of its revenue. We advise maintaining shares for medium to long-term growth because of its solid financial record, which includes a 44% revenue CAGR, and expansion plans," Mehrotra added.
Details about Ventive Hospitality's IPO
The Ventive Hospitality IPO, valued at ₹1,600 crore, was open for subscriptions from December 20 to December 24. On December 26, the IPO allocation was finalized. Today, December 30, is the date of Ventive Hospitality's initial public offering (IPO). The company's shares will be listed on the BSE and NSE.
The Ventive Hospitality IPO was a brand-new offering of 2.49 crore equity shares, with a price range of ₹610 to ₹643 per share.
The Ventive Hospitality IPO got bids for 14.17 crore equity shares, compared to the IPO size of 1.44 crore shares, resulting in a total subscription of 9.82 times. While the Non Institutional Investors (NII) component was subscribed to 13.87 times, the retail investors portion was booked 5.94 times. The Institutional Buyers Who Qualify (QIBs) category received 9.08 times subscription.
Trends for Ventive Hospitality's IPO grey market premium (GMP) today point to a successful debut ahead of the share listing. Additionally, analysts anticipate that Ventive Hospitality's shares will list at a price higher than the IPO price.
IPO GMP for Ventive Hospitality Today
The stock market analysts estimate that the Ventive Hospitality IPO GMP is ₹70 per share today. This shows that shares of Ventive Hospitality are trading at a premium of ₹70 per on the grey market, which is greater than the issue price.
Listing Price for Ventive Hospitality
The expected listing price of Ventive Hospitality shares, taking into account the IPO GMP today, would be ₹713 per share, which would represent an 11% premium over the IPO price of ₹643 per share.
Additionally, analysts estimate that the listing price of Ventive Hospitality's shares will be roughly 10% higher than the issue price.
"Despite being placed at high valuations, the Ventive Hospitality IPO garnered a respectable response. I therefore anticipate a strong start for the company's stock. The Ventive Hospitality IPO filing is anticipated to fetch a premium of between 10% to 12%, according to Arun Kejriwal, the founder of Kejriwal Research and Investment Services.
The Ventive Hospitality IPO, which has been oversubscribed 10.33 times and is scheduled to launch today at an 11% premium over the upper price band, according to Research Analyst Akriti Mehrotra of StoxBox.
With the help of solid alliances with international companies like Marriott and Hilton, the company manages 11 upscale properties, including flagship hotels like the JW Marriott Pune and The Ritz-Carlton Pune. However, it runs the risk of damaging its reputation because 78% of its keys are operated by other parties. Annuity assets also provide steady cash flows for Ventive, accounting for 41% of its revenue. We advise maintaining shares for medium to long-term growth because of its solid financial record, which includes a 44% revenue CAGR, and expansion plans," Mehrotra added.
Details about Ventive Hospitality's IPO
The Ventive Hospitality IPO, valued at ₹1,600 crore, was open for subscriptions from December 20 to December 24. On December 26, the IPO allocation was finalized. Today, December 30, is the date of Ventive Hospitality's initial public offering (IPO). The company's shares will be listed on the BSE and NSE.
The Ventive Hospitality IPO was a brand-new offering of 2.49 crore equity shares, with a price range of ₹610 to ₹643 per share.
The Ventive Hospitality IPO got bids for 14.17 crore equity shares, compared to the IPO size of 1.44 crore shares, resulting in a total subscription of 9.82 times. While the Non Institutional Investors (NII) component was subscribed to 13.87 times, the retail investors portion was booked 5.94 times. The Institutional Buyers Who Qualify (QIBs) category received 9.08 times subscription.
The Ventive Hospitality IPO's book running lead managers are JM Financial, Axis Capital, HSBC Securities & Capital Markets, ICICI Securities, IFL Securities, Kotak Mahindra Capital Company, and SBI Capital Markets; the IPO registrar is Kfin Technologies.
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