Ventive Hospitality bringing an IPO worth Rs 1600 crore!
The stock market is bringing a new year gift for you. If you invest correctly, you can fill your house with money. This company, which shows maldives and takes you around the sea, is bringing an IPO. So get ready to invest. Tourism sector company Ventive Hospitality can give you a bumper return. The company's IPO worth Rs 1600 crore will be launched on december 19. You can bid for it from december 20 to december 24. This company has many locations in india and Maldives. Through which the business of this company flourishes. Shares of Ventive Hospitality can give tough competition to other hotel companies like indian Hotel Company, Lemon Tree Hotels, EIH, APJ Surendra Park Hotels, Chalet Hotels, Samhi Hotels, Juniper Hotels etc. in the stock market. Real estate company Panchshil Realty and investment firm Blackstone are the promoters of Ventive Hospitality. These two companies hold 80.90 percent shares in this company.
No offer for sale, completely fresh issue
Ventive Hospitality's IPO is a completely fresh issue. There is no component of offer for sale in it. Permission has been sought by informing the company registrar about this on 14 december itself. In the IPO, only shares worth one crore have been reserved for the employees of the company. This hospitality sector company of pune will use 1400 crores of the amount to be raised from the IPO to repay old loans. Till last September, this company had a total debt of Rs 3609 crore 50 lakh. This company, which has 11 hotels and resort locations in india and maldives, has more than two thousand rooms and suites available. All of these are of luxury, upper upscale or upper segment.
75% reserved for institutional investors, 10% for retail investors
75% of the IPO is reserved for qualified institutional investors and 10% for retail investors. 15% will be for non-institutional investors. Ventive Hospitality suffered a loss of Rs 66 crore 70 lakh in the last financial year. Whereas in the previous year, it had a profit of Rs 15 crore 70 lakh.