Ventive Hospitality Ltd is slated to finalise the IPO share allotment status on Thursday, December 26.
| Company | Value | Change | %Change |
|---|
The ₹1,600-crore initial public offering (IPO) was open for subscription from December 20-24. The mainboard issue was overall subscribed 9.8 times on the last day with applications for 14.14 crore shares against 1.44 crore shares available for bidding.
The qualified institutional buyers (QIBs) booked their category 9.08 times. The non-institutional investors (NIIs) subscribed the issue 13.85 times. The retail segment was booked 5.87 times, while the employees’ quota was subscribed 9.49 times.
The investors who participated in the IPO subscription can check the allotment status on the BSE and NSE websites. The investors can also check the IPO allotment status on the issue registrar’s portal.
Kfin Technologies Ltd is the registrar of the IPO.
Steps to check Ventive Hospitality IPO share allotment on BSE:
Steps to check Ventive Hospitality IPO allotment on Link Intime India:
- Visit the IPO allotment page on Kfin Technologies website: https://ipostatus.kfintech.com/.
- Select ‘Ventive Hospitality Ltd’ from IPO names.
- Select PAN, Application Number, DP/Client ID or Account Number/IFSC.
- Enter the details.
- Click on ‘Submit.’
Investors can also check the IPO allotment status on NSE website using PAN and application number.
Ventive Hospitality IPO listing date and other details
Ventive Hospitality is scheduled to initiate refunds for non-allottees on Friday, December 27. The company will also initiate transfer of shares for the successful bidders on the same day.
The Ventive Hospitality IPO listing date has been tentatively fixed as December 30, with the shares scheduled to make their debut on the NSE and BSE. The offer consisted entirely of a fresh issue of 2.49 crore shares. The IPO price band was set at ₹610-643 per share.
Ventive Hospitality proposes to utilise the net IPO proceeds towards funding the debt repayment.
ALSO READ | Sanathan Textiles IPO share allotment today: Here’s how to check status online
Incorporated in 2002, Ventive Hospitality is a leading player in the business and leisure segments of the hospitality industry. The company has multiple properties in India and the Maldives.
It is a joint venture between US-based Blackstone Group and Panchshil Realty. Currently, Panchshil holds a 60% stake in Ventive, while Blackstone owns the remaining 40% stake. The company’s properties are managed by premium hotel brands like JW Marriott, Hilton and The Ritz-Carlton, among others.
(Edited by : Shoma Bhattacharjee)
