Ventive Hospitality, a company known for its luxury assets in both business and leisure sectors, has filed draft papers with SEBI (Securities and Exchange Board of India) for an initial public offering (IPO) worth ₹2,000 crore. The IPO includes a fresh issue of shares with a face value of ₹1 each.
About Ventive Hospitality
Ventive Hospitality owns and manages luxury hotels and resorts under well-known global brands like Marriott, Hilton, Minor, and Atmosphere. Their portfolio features properties such as JW Marriott Pune, The Ritz-Carlton Pune, Conrad Maldives, Anantara Maldives, and Raaya by Atmosphere in the Maldives. As of March 2024, the company manages 11 operational properties in India and the Maldives, offering a total of 2,036 rooms in the luxury, upper-upscale, and upscale segments.
Company Growth and Portfolio
Ventive Hospitality has a strong history of developing and acquiring major hotel assets across different regions and hospitality segments. Recently, they’ve expanded into markets like Bengaluru, Varanasi, and the Maldives, growing their presence in both the business and leisure sectors. Their portfolio includes seven properties with 1,331 rooms they developed, and four properties with 705 rooms they acquired.
Luxury hospitality properties contributed over 80% of their revenue in FY22, FY23, and FY24. Ventive also reported the highest revenue and EBITDA among publicly listed hospitality asset owners in India during these years.
The company believes it’s in a good position to benefit from the growing demand for hospitality services, particularly as there is limited new supply in key markets.
Lead Managers for the IPO
The IPO is being managed by JM Financial, Axis Capital, HSBC Securities, ICICI Securities, IIFL Securities, Kotak Mahindra Capital, and SBI Capital Markets.
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