Tue Dec 24 09:52:56 UTC 2024: ## Ventive Hospitality IPO Oversubscribed, Set to List on December 30th

**Mumbai, December 24, 2024** – The initial public offering (IPO) of Ventive Hospitality, aiming to raise Rs 1,600 crore, is nearing its close on Tuesday, December 24th. The IPO, which opened on December 20th, has already been oversubscribed 1.42 times. The offering consists of 2.49 crore shares priced between Rs 610 and Rs 643 per share.

Strong retail investor interest pushed the retail portion to 1.97 times subscription by 10:09 AM today. While Qualified Institutional Buyers (QIBs) subscribed 1.28 times and Non-Institutional Investors (NIIs) 1.32 times.

Minimum investment for retail investors is Rs 14,789 (23 shares), while small and large non-institutional investors have minimum investment requirements of Rs 2,07,046 and Rs 10,05,652 respectively. A portion of shares is also reserved for employees at a discounted price.

Several leading investment banks, including JM Financial, Axis Capital, and ICICI Securities, are managing the IPO, with KFin Technologies acting as registrar.

The current grey market premium (GMP) stands at Rs 54, suggesting an anticipated listing price of around Rs 697 (Rs 643 + Rs 54), representing a potential 8.40% gain per share. Share allotment is expected on December 26th, with listing on the BSE and NSE scheduled for December 30th.

Read More