Ventive Hospitality IPO: The Securities and Exchange Board of India (Sebi) has approved Ventive Hospitality’s proposed initial public offering (IPO). Ventive Hospitality originally ICC Realty (India) is a hospitality asset owner that specializes in premium services across business and leisure categories. A new issue of equity shares with a face value of Rs 1 each totalling up to Rs 2,000 crore is what the Ventive Hospitality IPO entails. Up to Rs 2,000 crore in equity shares with a face value of Rs 1 each make up the entire offer size. It’s a great time to set up your investment platform. Open Demat Account in Angelone to prepare for potential opportunities ahead.

Ventive Hospitality is a hospitality asset owner that provides upscale business and leisure services. Global operators such as Marriott, Hilton, Minor and Atmosphere either operate or franchise all of the hospitality assets. This group’s upscale hospitality properties include the JW Marriott in Pune, The Ritz-Carlton in Pune, Conrad in the Maldives, Anantara in the Maldives and Raaya by Atmosphere in the Maldives. As of March 31, 2024, it has 11 operational hospitality assets in India and the Maldives, with 2,036 keys in the luxury, upper-upscale, and upscale segments. This is up from 83 keys when it first opened for business in 2007.

Look at some analysis of Ventive Hospitality

The operating portfolio as of March 31, 2024 consists of four hospitality assets with 705 keys that they purchased and seven hospitality assets with 1,331 keys that they created themselves. They have added 1,070 keys since 2019 as part of our expansion which accounts for more than half of the total number of keys in the portfolio as of March 31, 2024. Over 80% of the pro forma revenue from hotel operations for FY24, FY23 and FY22 came from the luxury hospitality assets combined. In FY24, FY23, and FY22, listed hospitality asset owners in India had the greatest pro forma revenue and pro forma EBITDA.

Why do you need to look into Ventive Hospitality?

The business thinks they are in a good position to take advantage of the growing demand for hospitality in conjunction with the comparatively low level of new supply in the important markets. India has one of the world’s fastest-growing major economies and the Maldives has been rated as one of the world’s top tourist islands for years. 

In addition to increasing the number of keys throughout the hospitality assets by an expected 367 the keys or 18.02% from 2,036 keys as of March 31, 2024, the firm will continue to concentrate on its core strength of creating luxury and upscale hospitality assets. JM Financial, Axis Capital, HSBC Securities and Capital Markets (India), ICICI Securities, IIFL Securities, Kotak Mahindra Capital Company, SBI Capital Markets are the Book Running Lead Managers to the issue. Open Demat Account in Angelone and explore the dynamic world of investments. We hope you understood the explanation for the Ventive Hospitality IPO and analysis. Do follow us for more such information. 

(Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.)

Authored by – Deepa Trivedi 

Ventive Hospitality IPO