The initial public offering (IPO) of Ventive Hospitality, which opened for subscription on Friday, has been subscribed by 1.28 times on the second day of the issue, attracting the highest demand from retail individual investors (RIIs).
Ventive Hospitality IPO: price band
Ventive Hospitality IPO: GMP today
The issue was subscribed 1.22 times by the QIBs, followed by 1.07 times subscription by the non-institutional investors. Meanwhile, the retail investors had subscribed to the issue by 1.76 times.
The Rs 1600 crore issue, which is entirely a fresh equity sale of 2.48 shares, will be available for bidding till December 24.
The proceeds from the offer will be used for repayment of debt, payment of interest accrued in step-down subsidiaries and general corporate purposes.
Ventive Hospitality IPO: price band
The company has fixed a price band of Rs 610-643 per share, where investors can bid for 23 shares in one lot and in multiples thereafter.
Ventive Hospitality IPO: GMP today
Ventive Hospitality was commanding a GMP of Rs 27 per share at the closing time on Day 2 versus Rs…
