Ventive Hospitality settles nearly 10% higher on debut day after decent listing gains

After positive debut on the D-Street today (December 30), shares of Ventive Hospitality continued to trade higher. At the close though, the stock pared some of its listing gains and settled nearly 10 per cent higher at Rs 704.35 per share on the NSE.

The scrip on the BSE debuted at a decent premium of 11.69 per cent at Rs 718.15 per share, while on the NSE it debuted at Rs 716, marking a premium of over 11 per cent as against the issue price of Rs 643.

Zee Business Managing Editor Anil Singhvi expected the stock to list near Rs 700 per share.

Shivani Nyati, Head of Wealth at Swastika Investmart suggest investors who took part in the initial public offering (IPO)of Ventive Hospitality to take listing gains profit only.

Ventive Hospitality is a hospitality asset owner with a primary focus on luxury offerings across business and leisure segments. The company demonstrates an established history of development and acquisition-led expansion. However, pro forma numbers indicate negative financial performance, raising caution, noted Nyati.

The company’s debt burden has increased, adding to the financial risks, added Nyati.

Singhvi, however, advised investors to buy the scrip near the issue price, in case the stock declines. Furthermore, short term investors are advised to keep a stop loss of Rs 670 and keep trailing.

Nonethless, long-term investors can 'hold' the scrip, as the stock can yield multibagger returns of 2 times in 2-3 years.

Ventive Hospitality IPO subscription

The company raked in a subscription of 9.8 times during the IPO bidding process which was open between December 20- December 24, 2024.

Ventive Hospitality IPO details

The IPO, set with a price band of Rs 610-643 per share, aimed to mop up Rs 1,600 crore through a fresh issue of equity shares. Ventive, a joint venture between Blackstone Group and Panchshil Realty, has a portfolio of 11 luxury properties in India and the Maldives.