The share allotment for the ₹1,600 crore Ventive Hospitality preliminary public providing (IPO) can be finalised as we speak on Thursday, December 26, 2024.
The Ventive Hospitality IPO closed for subscription on December 24, having gotten oversubscribed 9.82 occasions, as per knowledge from the Nationwide Inventory Change (NSE).(Representational Picture/Pixabay)
The IPO closed for subscription on December 24, having gotten oversubscribed 9.82 occasions, as per knowledge from the Nationwide Inventory Change (NSE).
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Methods to test Ventive Hospitality IPO allotment standing
Buyers can test their Ventive Hospitality IPO allotment standing utilizing the folowing hyperlinks:
Ventive Hospitality IPO Gray Market Premium (GMP)
Ventive Hospitality shares are buying and selling at ₹715 within the gray market, in keeping with a Enterprise Commonplace report. It is a premium of ₹72 or 11.2% over the IPO’s higher value band of ₹643.
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Ventive Hospitality IPO doable itemizing value
The corporate’s shares could listing someplace round ₹715, contemplating the present GMP, in keeping with the report. It is a return of 11.2% over the higher finish of the value band.
Nonetheless, it’s also to be famous that GMPs are speculative and are usually not at all times a dependable indicator of itemizing efficiency.
Itemizing schedule and IPO particulars
The corporate’s shares are scheduled to listing on the BSE and NSE on December 27, 2024.
The IPO had a value band of ₹610-643 with so much measurement of 23 shares.
It acquired bids for 14,17,23,907 shares towards the 1,44,34,453 shares on supply, with Non-Institutional Buyers (NIIs) having positioned the best bids, oversubscribing their reserved quota 13.87 occasions.
NIIs had been adopted by Certified Institutional Patrons (QIBs), who oversubscribed 9.08 occasions their allocation, and retail traders oversubscribed 5.94 occasions.
Shares reserved for workers had been oversubscribed 9.60 occasions.
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Particulars of Ventive Hospitality
Ventive Hospitality, included in 2002 because the hospitality division of Panchshil Realty, is a Pune-based an actual property/ hospitality firm, focussing totally on luxurious choices throughout the industrial, retail, luxurious residential and knowledge heart segments.
Its property are operated by or franchised from international operators, together with Marriott, Hilton, Minor and Ambiance and in 2017, noticed a 50% acquisition by BRE Asia (previously often called Xander Funding Holding XVI), which is an affiliate of Blackstone.