Fri Dec 20 11:03:43 UTC 2024: ## Ventive Hospitality’s IPO Opens, Seeks Rs 1,600 Crore

**Mumbai, December 20, 2024** – Luxury hotel and resort operator Ventive Hospitality launched its initial public offering (IPO) today, aiming to raise Rs 1,600 crore through the sale of 24.9 million shares. The IPO, priced between Rs 610 and Rs 643 per share, opened to strong early interest, having already secured Rs 719.55 crore from anchor investors yesterday.

Retail investors can participate with a minimum investment of Rs 14,789 (one lot of 23 shares), with bidding closing on December 24th. Allotment is expected by December 26th, with shares credited to demat accounts by the 27th. Listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is anticipated on December 30th.

The company plans to use the funds to repay debt held by subsidiaries SS & L Beach Private Limited and Maldives Property Holdings Private Limited, and for general corporate purposes.

Ventive Hospitality’s shares are currently trading at a premium in the grey market, indicating strong investor confidence. Brokerage firm Anand Rathi has recommended a long-term investment, citing the company’s focus on expanding its luxury portfolio in a growing tourism sector with limited new supply. The company specializes in high-end hotels and resorts in popular tourist destinations.

**Disclaimer:** *This article is for informational purposes only. Consult a financial advisor before making investment decisions.*

Read More