Ventive Hospitality Announces Rs 1,600 Crore IPO Launch
Guess what? Ventive Hospitality, with the support of Blackstone and Panchshil Realty, is all set to kick off its Rs 1,600-crore initial share sale on December 20. They filed some important paperwork with the Registrar of Companies on December 14.
What’s in the IPO?
This IPO is all about offering new shares, with no old ones up for grabs. They’ve even set aside Rs 1 crore worth of shares just for their employees. How cool is that?
Who’s in Charge?
Panchshil Realty and Blackstone are the big bosses here, owning almost 81% of the company. They’re the ones calling the shots.
How Will They Use the Money?
Once they get their hands on the cash from the IPO, Ventive Hospitality plans to use Rs 1,400 crore to pay off some debts. The rest will go towards general stuff. As of September 2024, they had a total debt of Rs 3,609.5 crore. Yikes!
Competition and Assets
Ventive Hospitality has 11 fancy hotels in India and the Maldives, with a total of 2,036 rooms. They’re up against some tough competition from other big hotel companies like Chalet Hotels, Samhi Hotels, and Lemon Tree Hotels.
Important Dates and Details
The IPO’s anchor book will open on December 19, and the public can start buying shares on December 24. Qualified institutional buyers get first dibs on 75% of the shares, while retail investors get 10%, and the rest goes to non-institutional investors.
Financials
Things haven’t been all sunshine and rainbows for Ventive Hospitality. They posted a loss of Rs 66.7 crore in 2024, compared to a profit of Rs 15.7 crore the year before. Their revenue did go up by 8.4% though, reaching Rs 1,842 crore.
Even in the first half of 2025, they’re still in the red, with a loss of Rs 137.8 crore on revenue of Rs 846.4 crore. Ouch!
Who’s Handling the IPO?
A bunch of big-shot banks like JM Financial, Axis Capital, and ICICI Securities are in charge of making sure everything goes smoothly with the IPO. They’ve got it all under control.