Ventive Hospitality IPO Day 1: Check Here GMP, Subscription Status, And Other Key Details

Ventive Hospitality IPO Day 1: Ahead of its public offering, the Blackstone-backed company raised Rs 719.5 crore from anchor investors. It allocated 1,11,90,513 shares to the anchor investors

Ventive Hospitality IPO Day 1: The Rs 1,600 crore initial public offering (IPO) of Ventive Hospitality opens for subscription today. The subscription window for this book-built issue, which consists entirely of a fresh issue of 2.5 crore shares, will close on Tuesday.

Ahead of its public offering, the Blackstone-backed company raised Rs 719.5 crore from anchor investors. It allocated 1,11,90,513 shares to the anchor investors for Rs 643 per share, with a face value of Rs 1 each.

Notable anchor investors include Quant Mutual Fund, Government Pension Global Fund, Allspring Global Investment LLC, Tata Absolute Return Fund, Aditya Birla India Fund, SBI General Insurance Company Limited, SBI Life Insurance Company Limited, Nuvama, JM Financial Mutual Fund, and 360 One Income Opportunities Fund.

Ventive Hospitality IPO GMP

The latest grey market premium (GMP) for the Ventive Hospitality IPO stands at Rs 66. With the upper price band of the issue set at Rs 643 per share, the expected listing price for Ventive Hospitality shares is Rs 709, reflecting a 10 per cent premium, according to a Live Mint report.

Ventive Hospitality IPO Subscription Status

By 12:30 pm on the first day of subscription, the Ventive Hospitality IPO had garnered an overall subscription of about 6 per cent. A total of 9,01,623 bids were received for the 1,44,34,453 shares on offer. The retail portion saw a subscription of 28 per cent, the non-institutional investor (NII) portion was subscribed to 4 per cent, and the employee reserved portion was subscribed to 81 per cent. The qualified institutional buyer (QIB) portion had not been subscribed to by that time.

Ventive Hospitality IPO Key Details

Price Band: The Ventive Hospitality IPO's price band is set between Rs 610 and Rs 643 per share.

IPO Dates: The IPO will open for subscription on Friday, December 20, and close on Tuesday, December 24.

Issue Size: The IPO is a fresh issue of 2.49 crore shares, aiming to raise Rs 1,600 crore. There is no offer for sale (OFS) component.

Reservation: 75 per cent of the net issue is reserved for Qualified Institutional Buyers (QIBs), 15 per cent for Non-Institutional Investors (NIIs), and 10 per cent for Retail Investors.

Lot Size: The minimum lot size for an application is 23 shares. At the upper price band of Rs 643, the minimum investment required is Rs 14,789.

Allotment and Listing Date: The allotment of shares will be finalised on Thursday, December 26, with the listing scheduled for Monday, December 30, following SEBI's T+3 rule.