Ventive Hospitality shares rise 4% after stock market debut

Ventive Hospitality shares rose 4.3% to Rs 749 after debuting at Rs 716 on the NSE, an 11% premium over its IPO price of Rs 643. The stock has increased 16.4% since the issue price. The company's IPO received a modest response, with a subscription rate of just over 10 times. Ventive operates 11 luxury hospitality assets in India and the Maldives, including JW Marriott and The Ritz-Carlton. In FY24, Ventive's revenue grew 11% to Rs 478 crore, while profit after tax increased by 27% to Rs 166 crore. The company has expanded its portfolio through development and acquisitions in new locations.