Thu Dec 26 08:56:44 UTC 2024: ## Ventive Hospitality IPO Allotment Finalized; Shares to List at Premium

**Mumbai, India (December 26, 2024)** – The allotment of shares for Ventive Hospitality’s ₹1,600 crore initial public offering (IPO) will be finalized today. The IPO, which closed on December 24th, was oversubscribed 9.82 times. Strong demand came from Non-Institutional Investors (NIIs), who oversubscribed their quota by 13.87 times, followed by Qualified Institutional Buyers (QIBs) at 9.08 times, and retail investors at 5.94 times. Even shares reserved for employees were oversubscribed by 9.60 times.

The IPO, priced between ₹610 and ₹643 per share, saw bids for 14,17,23,907 shares against 1,44,34,453 shares on offer.

Ventive Hospitality shares are currently trading at ₹715 in the grey market, a premium of ₹72 (11.2%) over the upper price band. While this suggests a potential listing price around ₹715, it’s important to note that grey market premiums are speculative and not always indicative of actual listing performance.

The Pune-based company, a subsidiary of Panchshil Realty, focuses on luxury real estate and hospitality, operating assets under franchises from major international brands like Marriott, Hilton, and Minor. In 2017, BRE Asia (an affiliate of Blackstone) acquired a 50% stake in the company. Ventive Hospitality shares are scheduled to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 27, 2024.

Read More