243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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Ventive Hospitality Limited

Pune

Date of DRHP : 10 Sep 2024

Issue Type : Book Building Process

IPO Type :
MainBoard IPO

Ventive Hospitality Basic Details

   Hotels and Resorts

Sub Sector: Provide Hotel facilities

About the Company

Ventive Hospitality is a hospitality asset owner with a primary focus on luxury offerings across business and leisure segments. All of Ventive Hospitality assets are operated by or franchised from global operators, including Marriott, Hilton, Minor and Atmosphere. Ventive Hospitality luxury hospitality assets comprise JW Marriott, Pune, The Ritz-Carlton, Pune, Conrad, Maldives, Anantara, Maldives and Raaya by Atmosphere, Maldives. Ventive Hospitality's luxury hospitality assets collectively contributed to over 80% of company's pro forma revenue from hotel operations for FY24, FY23 and FY22. Ventive Hospitality pro forma revenue and pro forma EBITDA were the highest among listed hospitality asset owners1 in India in FY24, FY23 and FY22. Among listed hospitality companies in India, 2 company's pro forma revenue was the third highest in each of FY24 and FY23 and second highest for FY22 and company's pro forma EBITDA was the third highest in FY24 and second highest for each of FY23 and FY22. Ventive Hospitality Portfolio comprises 11 operational hospitality assets in India and Maldives, totalling 2,036 keys across the luxury, upper upscale and upscale segments as at March 31, 2024. The Ritz-Carlton, Pune is one of only two “The Ritz-Carlton” hotels in India, which is a luxury brand within the Marriott portfolio. JW Marriott, Pune is the largest luxury hotel based on the number of keys in Pune and is one of only eight luxury hotels in India with inventory of between 400 to 500 keys as at March 31, 2024. It has the largest ballroom among luxury hotels in Western India, which is ideal for hosting large scale MICE events and weddings. Ventive Hospitality own three luxury hospitality assets in the Maldives, which has been ranked consistently as one of the best tourist island destinations globally (including World’s Leading Destination (2023) and Indian Ocean’s Leading Destination (2024) at the World Travel Awards) with its unique “one island, one resort” concept. The Maldives is a high rate destination and benefits from sizeable demand for luxury and upper upscale hotels, consistent with thier offerings. Conrad, Maldives houses the Muraka, a flagship experience that offers private accommodation comprised as an integrated undersea residence. It is reportedly the first such resort product globally along with an underwater restaurant known as Ithaa. Muraka Suite was named one of the greatest luxury hotel suites in the world in Robb Report’s The 50 Greatest Luxury Hotel Suites in the World.

Financial Summary (Annualised Basis)

Revenue :
494.70 Cr.

PAT :
166.31 Cr.

Ventive Hospitality DRHP Details

Objects of issue

  • Repayment/prepayment, in part or full, of certain of borrowings availed by Ventive Hospitality : a. Company including payment of interest accrued thereon; and b. Step- down Subsidiaries namely SS & L Beach Private Limited and Maldives Property Holdings Private Limited, including the payment of interest thereon through investment in such step-down Subsidiaries;
  • General corporate purposes

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FAQs

Ventive Hospitality operates in Hotels and Resorts and Provide Hotel facilities. The Issue would be listed on MainBoard. The registrar of the Issue is KFin Technologies Limited. The IPO type of Ventive Hospitality is Book Building Process and Object of issue is

  • Repayment/prepayment, in part or full, of certain of borrowings availed by Ventive Hospitality : a. Company including payment of interest accrued thereon; and b. Step- down Subsidiaries namely SS & L Beach Private Limited and Maldives Property Holdings Private Limited, including the payment of interest thereon through investment in such step-down Subsidiaries;
  • General corporate purposes

The DRHP (Draft Red Herring Prospectus) of Ventive Hospitality IPO was filed on 10 Sep 2024.

No, Ventive Hospitality IPO is not yet listed. See other upcoming MainBoard IPOs here.

The IPO open date and IPO close date of Ventive Hospitality are not available now. You can apply in Ventive Hospitality IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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