Ventive Hospitality shares rise on debut in Indian stock market

Ventive Hospitality Ltd shares rose on their debut on the Bombay Stock Exchange and National Stock Exchange on December 30, 2024. The stock opened at ₹ 718.15 and reached a high of ₹ 748.80, trading at ₹ 742.55 by 10:20 am. The company's initial public offering (IPO) raised ₹ 1,600 crore and was oversubscribed by 9.82 times. The IPO was open from December 20 to 24, with a price band set between ₹ 610 and ₹ 643 per share. Ventive Hospitality, part of Panchshil Realty, focuses on luxury real estate and hospitality. Its assets are operated by major brands like Marriott and Hilton. The company was established in 2002 and has seen significant investment from BRE Asia, an affiliate of Blackstone.