Blackstone-backed Ventive Hospitality Ltd. is expected to finalise the allotment of shares for its Rs 1,600-crore initial public offering (IPO) on Thursday. The mainboard issue, which opened on Dec. 20, saw a strong response from the investors during the three-day bidding window that closed on Dec. 24.

Investors placed bids for 14,17,23,907 shares in comparison to 1,44,34,453 shares on offer, resulting in oversubscription of 9.82 times.

The demand for the Ventive Hospitality IPO was led by non-institutional investors who subscribed their allocation 13.87 times. Qualified institutional buyers bid for 9.08 times the shares on offer while the retail allocation was subscribed 5.94 times.

The employee portion in the Ventive Hospitality IPO was subscribed 9.60 times.

The mainboard IPO of Ventive Hospitality Ltd. was entirely a fresh issue of 2.49 crore shares.

For retail investors, the minimum application size was for at least a single lot of 23 shares, aggregating to an investment of Rs 14,789.

With the subscription over, investors now eagerly await the finalisation of share allotment. Those who bid in the IPO can check the allotment status online via the official websites of NSE, BSE and the issue’s registrar Kfin Technologies Ltd.

Steps To Check Ventive Hospitality IPO Share Allotment Status On BSE

  • Log on to the IPO allotment page on the BSE website here.

  • Click on ‘Equity’ as the Issue Type.

  • Select ‘Ventive Hospitality Limited’ from the list for company names.

  • Enter your application number or PAN.

  • Clear the ‘Captcha’ to verify that you are not a robot.

  • Select the ‘Search’ option to view your allotment status.

Steps To Check Ventive Hospitality IPO Share Allotment Status On Kfin Tech

  • Visit the IPO allotment status page on KFin Technologies website here.

  • Select ‘Ventive Hospitality Limited’ from the dropdown list for IPO names.

  • Enter your Application Number, Demat account number or PAN.

  • Enter details based on your selection.

  • Clear Captcha to proceed.

  • Click Submit to check the allotment status.

Ventive Hospitality IPO allotment status can also be checked on the NSE website. Investors can use their registration ID and password to log in to the NSE website and check the allotment status.

Refunds for the non-allottees in the Ventive Hospitality IPO will be initiated along with the credit of shares to the Demat account of successful bidders on Dec. 27.

Shares of Ventive Hospitality are scheduled to make their debut on the NSE and BSE on Monday, Dec. 30.

Ventive Hospitality IPO GMP

The grey market premium of Ventive Hospitality IPO stood at Rs 72 as of 05:03 a.m. on Dec. 26, according to InvestorGain. This indicates a listing gain of 11.20% over the issue price with a listing price of Rs 715.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Use Of Proceeds

Ventive Hospitality Ltd., in its red herring prospectus, said that it will use Rs 1,400 crore from the IPO to repay and prepay its existing debts.  The remaining money will be used for general corporate purposes.

About Ventive Hospitality Ltd

Ventive Hospitality Ltd. is a hospitality asset owner that specialises in luxury offerings in both the business and leisure segments. The company operates properties in India and Maldives.

Ventive Hospitality operates a portfolio of 2,036 hotel keys spanning the luxury, upper upscale, and upscale categories. Its properties include Marriott Suites, Marriott Aloft Whitefield, DoubleTree by Hilton and Marriott Aloft ORR in Bengaluru.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.

. Read more on IPOs by NDTV Profit.Shares of Ventive Hospitality are scheduled to make their debut on the NSE and BSE on Dec. 30.  Read MoreIPOs, Markets, Trending 

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