Ventive Hospitality IPO: Share Allotment Likely Today, GMP Hints Subdued Listing; How To Check Status?

The Ventive Hospitality Limited IPO, which concluded its subscription phase on December 24, has garnered strong investor interest, with the allotment process now in focus. Applicants await the finalisation of the Ventive Hospitality IPO allotment status, which is expected to be released today, December 26. The company is set to finalise the basis of allotment and credit shares to successful bidders' demat accounts shortly after, with refunds initiated for unsuccessful applicants on the same day.

Subscription Status

Ventive Hospitality, a premium hospitality brand managing luxury hotels and resorts, saw its IPO open for subscription from December 20 to 24. The public issue raised Rs 1,600 crore through a book-built issue comprising entirely of fresh equity shares. With a price band of Rs 610 to Rs 643 per share, the IPO attracted bids for 14.17 crore equity shares, oversubscribing the issue by 9.82 times against the 1.44 crore shares on offer. Retail Individual Investors (RIIs) subscribed 5.94 times, Non-Institutional Investors (NIIs) subscribed 13.87 times, and Qualified Institutional Buyers (QIBs) subscribed 9.08 times.

Grey Market Premium (GMP)

According to market observers, the Ventive Hospitality IPO GMP (Grey Market Premium) today stands at Rs 72 per share, suggesting a potential listing price of Rs 715 per share. This represents an 11.2% premium over the upper end of the issue price band of Rs 643.

While the grey market does not always mirror the actual listing performance, the premium indicates optimistic sentiment among investors regarding the stock's potential on the listing day, slated for December 30, 2024.

Steps to Check Allotment Status

Investors can check their allotment status online through the BSE website, NSE portal, or the official website of the IPO registrar, KFin Technologies.
BSE Website
Visit the BSE website at this link.
Select "Equity" under the Issue Type dropdown.
Choose "Ventive Hospitality Limited" in the Issue Name dropdown menu.
Enter either your Application Number or PAN.
Tick the box for "I am not a robot" and click Search.
Your allotment status will be displayed on the screen.

KFin Technologies Portal

Visit the registrar's portal at this link.
Select "Ventive Hospitality Limited" from the IPO dropdown menu.
Choose between Application Number, Demat Account, or PAN and enter the relevant details.
Enter the Captcha code and click Submit.
The allotment status will appear on your screen.

IPO Listing

Once the allotment is finalised, equity shares will be credited to the demat accounts of successful allottees. Refunds for unsuccessful bidders will be initiated on the same day. Ventive Hospitality shares are scheduled to be listed on both the BSE and NSE on December 30, 2024, under the T+3 listing rule.

Key Details of Ventive Hospitality IPO

Issue Size: ₹1,600 crore
Price Band: ₹610-₹643 per share
Fresh Issue: 2.49 crore equity shares
Subscription Period: December 20-24, 2024
Lead Managers: JM Financial, Axis Capital, HSBC Securities & Capital Markets, ICICI Securities, IFL Securities, Kotak Mahindra Capital Company, and SBI Capital Markets
Registrar: KFin Technologies