Ventive Hospitality IPO, one of the upcoming IPOs in India, opens for subscription on December 20, 2024 and ends on December 24, 2024. The allotment will be finalised by December 26, 2024, with the listing on BSE and NSE expected on December 30, 2024.
The issue is a book-built offering of ₹1,600 crore, comprising 2.49 crore fresh shares. Ventive Hospitality IPO price band is set at ₹610 to ₹643 per share.
As the company prepares to debut on the stock exchange, it’s crucial to examine its financials and compare its performance with industry peers.
| Particulars | For the six months period ended September 30, 2024 | Financial Year ended March 31, 2024 | Financial Year ended March 31, 2023 | Financial Year ended March 31, 2022 |
| Total income (₹ in million) | 3,889.28 | 4,947.08 | 4,417.54 | 2,375.05 |
| Profit/loss for the year (₹ in million) | -207.62 | 1,663.17 | 1,312.73 | 294.31 |
| EBITDA (₹ in million) | 1,803.97 | 3,005.59 | 2,500.92 | 1,245.97 |
| EBITDA margin (%) | 46.38 | 60.75 | 56.61 | 52.46 |
In the first six months ended September 30, 2024, the company saw a significant portion of its revenue generated from hotel operations, amounting to ₹2,187.43 million. Revenue from room income followed closely at ₹1,123.29 million, while revenue from food and beverage sales contributed ₹866.65 million. Other hotel services, including banquet and membership fees, added ₹197.49 million.
On the non-hotel revenue side, annuity assets brought in ₹1,528.10 million, with rental income accounting for ₹1,384.54 million. Maintenance and parking charges generated ₹133.15 million, and commercial leasing activities contributed ₹7.28 million. Additionally, revenue from the sale of construction materials and fitout reached ₹3.13 million.
As per the RHP, the listed peers of the company are Chalet Hotels Limited, Samhi Hotels Limited, Juniper Hotels Limited, The Indian Hotels Company Limited, EIH Limited, Lemon Tree Hotels Limited and Apeejay Surrendra Park Hotels Limited.
In FY 2024, Ventive Hospitality’s revenue from operations stands at ₹4,779.80 million, significantly lower compared to its listed peers. Chalet Hotels Limited, for instance, has a much higher revenue of ₹14,172.52 million, while The Indian Hotels Company Limited leads with ₹67,687.50 crore.
In terms of net worth, Ventive’s is ₹3,305.54 million, which is also lower compared to its peers like The Indian Hotels Company Limited with a net worth of ₹1,01,287.10 million. Other peers such as EIH Limited and Lemon Tree Hotels Limited also show a higher net worth of ₹40,863.60 million and ₹15,464.28 million, respectively.
Ventive Hospitality Limited is a hospitality asset owner with a strong focus on luxury offerings across both business and leisure segments. It operates or franchises all its hospitality assets from renowned global operators such as Marriott, Hilton, Minor, and Atmosphere. As of September 30, 2024, the company’s portfolio includes 11 operational assets in India and the Maldives, offering a total of 2,036 keys across luxury, upper upscale, and upscale categories.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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