Ventive Hospitality IPO: The initial public offer (IPO) of Ventiv Hospitality was subscribed 0.71 times i.e. 71 percent till 5 pm on the first day. Investments can be made in this IPO till 24 December 2024. The size of the IPO of the Blackstone-backed company is around Rs 16,000 crore, in which all 2.5 crore shares are being sold entirely through Offer for Sale (OFS). The company has kept the price band for the IPO at Rs 610 to Rs 643 per share. There are 23 shares in 1 lot for this IPO. Retail investors will have to bid for at least 23 shares. That means an investment of at least Rs 14,789 is necessary. Shares will be allotted in the IPO on 26 December 2024, while the company’s shares will be listed on BSE and NSE on 30 December 2024.
Meanwhile, Ventiv Hospitality raised Rs 719.5 crore from anchor investors ahead of its IPO. It allotted 1,11,90,513 shares to anchor investors at a price of Rs 643 per share, whose face value was Rs 1 per share. It is being told that Quant Mutual Fund, Government Pension Global Fund, Allspring Global Investment LLC, Tata Absolute Return Fund, Aditya Birla India Fund, SBI General Insurance Company Limited, SBI Life Insurance Company Limited, Nuvama, JM Financial Mutual Fund and 360 One. Income Opportunities Fund was among the top anchor investors of the company.
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Ventive Hospitality IPO GMP
There is a general craze in the gray market regarding the IPO of Ventiv Hospitality. The unlisted stock of the company is trading at a premium of Rs 55 in the gray market. In terms of upper price band Rs 643, this premium is 9 percent on the first day. In such a situation, this premium is indicating that the company’s stock may be listed at Rs 68 compared to its issue price of Rs 643.
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Ventive Hospitality IPO Subscription
According to the stock exchange BSE, the IPO of Ventiv Hospitality has been subscribed 0.71 times i.e. 71 percent till 5 pm on the first day. 10 percent share in the IPO is reserved for retail investors and so far it has been filled 0.61 times or 61 percent. There is a reserve of 15 per cent in the IPO for Non-Institutional Investors (NII) and till now it has been filled 0.10 times or 10 per cent. Whereas 75 percent of it is reserved for Qualified Institutional Buyers (QIB). Till now it has been filled 1.05 times i.e. 105 percent
