Ventive Hospitality IPO opens December 20 aiming to raise ₹1,600 crore

Ventive Hospitality will launch its initial public offering (IPO) on December 20, running until December 24. The company aims to raise ₹1,600 crore by issuing 2.49 crore shares, priced between ₹610 and ₹643 each. Retail investors must invest a minimum of ₹14,789 for 23 shares. The IPO has no offer for sale component and is entirely a fresh issue. Share allotment is expected on December 26, with shares listed on the BSE and NSE on December 30. The proceeds will be used to pay off borrowings and for general corporate purposes. Ventive Hospitality focuses on luxury offerings in the hospitality sector, operating properties under global brands like Marriott and Hilton.