Thu Dec 26 13:09:28 UTC 2024: ## Ventive Hospitality IPO Oversubscribed, Allotment Due Thursday

**Mumbai, December 26, 2024** – Ventive Hospitality’s initial public offering (IPO), which closed on December 24th, has been massively oversubscribed, exceeding expectations by a significant margin. The IPO, aiming to raise Rs 1,600 crore through the sale of 2.49 crore fresh shares, saw overall subscription of 10.33 times. Retail investors subscribed 6.19 times, qualified institutional buyers (QIBs) 9.58 times, and non-institutional investors (NIIs) a remarkable 14.6 times.

Share allotment is expected to be finalized later today, December 26th. Investors can check their allotment status via the BSE website or the KFin Technologies IPO portal using their application number, DP ID, or PAN.

The IPO was priced between Rs 610 and Rs 643 per share. The strong demand has pushed the grey market premium (GMP) to Rs 72, suggesting a potential listing price of Rs 715 per share – an 11.2% gain over the upper price band.

Ventive Hospitality shares are slated to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Monday, December 30th. Market analysts will be keenly observing the stock’s performance on its debut.

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