Ventive Hospitality IPO allotment expected soon: Check status, GMP, listing date and other details

The share allotment of Ventive Hospitality IPO is likely to be finalised later today or tomorrow morning. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

Firstly, here's how you can know the status on BSE

Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

To check the status of Ventive Hospitality IPO allotment through the registrar, which is Kfin Technologies in this case, kindly follow the below steps.

Step 1: Visit the Kfin Technologies website (https://ipostatus.kfintech.com/)

Step 2: Select Ventive Hospitality IPO

Step 3: Enter the PAN details and click search to know the status

Ventive Hospitality GMP

The company's shares are expected to get listed on the exchanges on December 30. According to market sources, Ventive Hospitality is trading with a GMP of Rs 72 in the grey market, which translates to a premium of 11% to the issue price.

Ventive Hospitality IPO subscription

The IPO of Ventive Hospitality received decent response from investors with an overall subscription of just over 10 times at close.

Ventive Hospitality is a hospitality asset owner with a primary focus on luxury offerings across business and leisure segments. All of the hospitality assets are operated by or franchised from global operators, including Marriott, Hilton, Minor and Atmosphere.

The luxury hospitality assets comprise JW Marriott, Pune, The Ritz-Carlton, Pune, Conrad, Maldives, Anantara, Maldives and Raaya by Atmosphere, Maldives. The 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 2024.

The company has a proven track record of developing and acquiring marquee hotel assets across various geographies and different hospitality segments. Through the development and acquisition-led expansion, they have scaled up the portfolio and forayed into new geographies such as Bengaluru, Varanasi and the Maldives within the past few years.

In FY24, the company's revenue from operations increased 11% year-on-year to Rs 478 crore, while profit after tax rose 27% to Rs 166 crore.

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