Ventive Hospitality Announces Rs 1,600 Cr IPO Launch

Ventive Hospitality has announced the price band for their upcoming Rs 1600 crore IPO on December 17, 2024. This IPO includes a Fresh Issue totaling up to Rs.1600 crores. Exciting news for investors!

Mark your calendars because the IPO is set to open on Friday, December 20, 2024, and will close on Tuesday, December 24, 2024. The Anchor is scheduled for Thursday, December 19, 2024. The company promoters behind this venture are Panchshil Realty and Blackstone.

Leading the charge as Book Running Lead Managers to the issue are JM Financial Limited, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, IIFL Securities Limited, Kotak Mahindra Capital Company Limited, and SBI Capital Markets Limited. They are all set to ensure a smooth process for interested investors.

It’s worth noting that this Issue is being carried out in accordance with Regulation 6(2) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. This allows the company to proceed with the IPO despite not meeting all the requirements under Regulation 6(1)(a) of SEBI ICDR Regulations.

As this is Ventive Hospitality’s first public issue of Equity Shares, there is currently no formal market for these shares. Each Equity Share has a face value of Rs 1, making it an accessible option for potential investors. Get ready to explore this exciting opportunity in the world of finance!