Fresh Issue: The stock market is bringing a New Year gift for you. If you invest properly, you can fill your house with money. This company, which shows the Maldives and travels the sea, is coming up with an IPO. So get ready to invest. Tourism sector company Ventiv Hospitality can give you huge returns. The company’s IPO of Rs 1600 crore will be launched on December 19. You can bid for it from 20th December to 24th December. This company has many locations in India and Maldives. Through which the business of this company flourishes. Shares of Ventiv Hospitality can give tough competition to other hotel running companies like Indian Hotel Company, Lemon Tree Hotels, EIH, Apeejay Surendra Park Hotels, Chateau Hotels, Samhi Hotels, Juniper Hotels etc. in the stock market. Real estate company Panchsheel Reality and investment firm Blackstone are the promoters of Ventive Hospitality. These two companies hold 80.90 percent shares in this company.
No offer for sale, completely fresh issue
Ventive Hospitality’s IPO is a completely fresh issue. There is no component like offer for sale in this. Permission has been sought by giving information about this to the Registrar of Companies on December 14 itself. In the IPO, only one crore shares have been reserved for the employees of the company. This hospitality sector company of Pune will use Rs 1400 crore of the amount raised from IPO to repay the old loans. Till last September, this company had a total debt of Rs 3609 crore 50 lakh. This company, which has 11 hotel and resort locations in India and Maldives, has more than two thousand rooms and suites available. All of them belong to luxury, upper upscale or upper segment.
75% reserved for institutional investors, 10% reserved for retail investors
75 percent of the IPO has been kept for qualified institutional investors and 10 percent for retail investors. 15 percent will be for non-institutional investors. Ventiv Hospitality had suffered a loss of Rs 66 crore 70 lakh in the last financial year. Whereas in the previous year there was a profit of Rs 15 crore 70 lakh.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com No one is ever advised to invest money here.)
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