Ventive Hospitality IPO Day 2: GMP, Subscription Status, and Investment Review

As of December 23, 2024 (1:00 PM IST), Ventive Hospitality's IPO has garnered substantial interest from various investor categories.

Subscription Status as of Day 2

The IPO has been subscribed 0.9 times overall, with varying levels of interest across investor categories:

• Qualified Institutional Buyers (QIBs): Subscribed 1.11 times.

• Retail Individual Investors (RIIs): Subscribed 1.18 times.

• Non-Institutional Investors (NIIs): Subscribed 0.28 times.

Grey Market Premium (GMP) Analysis

The Grey Market Premium for Ventive Hospitality's IPO provides insights into potential listing performance:

• Current GMP: ₹29 per share.

• Estimated Listing Price: ₹672 per share, suggesting a potential listing gain of approximately 4.5% over the upper price band of ₹643.

Key IPO Details

• Issue Size: ₹1,600 crore, entirely through the issuance of fresh equity shares.

• Price Band: ₹610 to ₹643 per share.

• IPO Dates: December 20 to December 24, 2024.

• Listing Date: Expected on December 30, 2024.

• Use of Proceeds: Funds will be utilized for debt repayment, interest payments for step-down subsidiaries, and general corporate purposes.

Conclusion

Ventive Hospitality's IPO has attracted considerable interest, particularly from institutional and retail investors. The current GMP suggests modest listing gains, and expert analyses recommend considering a subscription for long-term investment, given the company's foothold in the luxury hospitality sector. Potential investors should evaluate their investment objectives and risk tolerance before making a decision