Tue Dec 24 15:21:00 UTC 2024: ## Ventive Hospitality IPO Oversubscribed, Grey Market Premium Dips

**MUMBAI, INDIA – DECEMBER 24, 2024** – Ventive Hospitality’s ₹1,600 crore initial public offering (IPO) concluded today, significantly oversubscribed at 9.80 times. The offer, priced between ₹610 and ₹643 per share, saw strong demand across all investor categories: retail (5.87 times), non-institutional investors (13.85 times), and qualified institutional buyers (9.08 times). Employee portion subscription reached 9.49 times.

While the IPO received strong investor interest, the grey market premium (GMP) has seen a decline, currently at ₹55, down from a high of ₹67. This suggests a potential listing price around ₹698, a 9% premium over the upper price band.

Analyst opinions are divided. Canara Bank Securities holds a neutral stance, highlighting Ventive Hospitality’s focus on hotel development, lower construction costs, and robust expansion plans. However, they caution about scaling challenges in new markets. In contrast, Indsec Securities and Finance Limited recommends subscribing, citing debt reduction, expansion plans, favorable industry dynamics, and attractive valuations compared to industry averages. Indsec notes Ventive Hospitality’s plan to significantly increase its room inventory by 2028.

The company is expected to finalize share allotment on December 26th, with shares listing on the BSE and NSE on December 30th. Investors are advised to seek professional advice before making investment decisions.

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