We specialize in leasing commercial spaces and investment services for all prime properties

Ventive Hospitality, a company backed by Blackstone, is preparing to launch its Initial Public Offering (IPO) on December 20, 2024. The IPO will remain open for subscription until December 24, 2024, and aims to raise up to Rs 1,600 crore by issuing fresh equity shares of Re 1 each.

The IPO will be divided into three parts:

• 75% of the total shares will be allocated to qualified institutional buyers (QIBs), which include large companies and investment funds.
• 15% will be allocated to non-institutional investors, such as high-net-worth individuals (HNIs).
• 10% will be reserved for retail investors, who are individual investors bidding for a smaller amount of shares.

Additionally, up to 60% of the portion for institutional buyers may be allocated to anchor investors, who are given preference and can commit to investing in the IPO before it opens. The final allocation for anchor investors will be decided in consultation with the company's lead managers.

Ventive Hospitality, formerly known as ICC Realty, was founded as part of Panchshil Realty. In 2017, Blackstone's affiliate BRE Asia acquired a 50% stake in the company, which made it a significant partner in the business. As of September 2024, the company owns 11 hotels and resorts across India and the Maldives, totaling 2,036 rooms. These properties are located in the luxury and upscale segments, catering to both business and leisure travelers.

The funds raised through the IPO will primarily be used to repay a portion of the company's outstanding borrowings, including accrued interest. The money will also be used to invest in its subsidiaries, such as SS & L Beach and Maldives Property Holdings.

The IPO will be managed by leading financial institutions, including JM Financial, Axis Capital, HSBC Securities, ICICI Securities, IIFL Securities, Kotak Mahindra Capital Company, and SBI Capital Markets.

This IPO provides investors with an opportunity to invest in a growing hospitality business with a presence in high-demand tourist destinations. For those looking for rental solutions, you can also check out EazeMyRent for convenient rental options.