Ventive Hospitality is announcing the price band for their Rs 1600 crore IPO 17th December 2024. The IPO comprises a Fresh Issue of aggregating up to Rs.1600 crores.
The IPO will open on Friday, 20th December 2024 and close on Tuesday, 24th December 2024. Anchor is scheduled for Thursday, 19th December 2024. The company promoters are Panchshil Realty and Blackstone.
JM Financial Limited, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, IIFL Securities Limited, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited are the Book Running Lead Managers to the issue.
This Issue is being made in terms of Regulation 6(2) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (“SEBI ICDR Regulations”) as our Company does not fulfil the requirements under Regulation 6(1)(a) of SEBI ICDR Regulations, of maintaining not more than 50% of the net tangible assets in monetary assets.
This being the first public issue of Equity Shares of our Company, there has been no formal market for the Equity Shares. The face value of each Equity Share is Rs 1
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