Ventive Hospitality Limited Receives SEBI Nod for INR 2,000 Cr IPO The IPO is managed by a syndicate of top-tier book-running lead managers, including JM Financial, Axis Capital, HSBC Securities, ICICI Securities, IIFL Securities, Kotak Mahindra Capital, and SBI Capital Markets.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

Ventive Hospitality Limited, formerly ICC Realty (India) Private Limited, has secured approval from the Securities and Exchange Board of India (SEBI) for its proposed INR 2,000 crore initial public offering (IPO). The IPO comprises a fresh issuance of equity shares with a face value of INR 1 each.

Founded as the hospitality arm of Panchshil Realty, a Pune-based real estate conglomerate, Ventive Hospitality has emerged as a prominent player in luxury hospitality assets. In 2017, Blackstone affiliate BRE Asia acquired a 50% stake in the company, underscoring its appeal to global investors.

The company operates a diverse portfolio of luxury hotels and resorts, managed by prestigious global brands such as Marriott, Hilton, Minor, and Atmosphere. Its flagship properties include JW Marriott and The Ritz-Carlton in Pune, Conrad and Anantara in the Maldives, and Raaya by Atmosphere in the Maldives. As of March 31, 2024, Ventive's portfolio spans 11 operational assets across India and the Maldives, with a combined capacity of 2,036 keys—significantly up from just 83 keys in 2007.

Ventive's focus on luxury assets has driven over 80% of its pro forma revenue from hotel operations for FY24, FY23, and FY22. The company reported one of the highest pro forma revenue and EBITDA figures among listed hospitality players in India during this period.

To sustain its growth momentum, Ventive plans to add 367 keys—an 18.02% increase—to its portfolio by FY28. Upcoming projects include expansions in Varanasi, Bengaluru, and Sri Lanka's Pottuvil region near Yala East National Park.

The IPO is managed by a syndicate of top-tier book-running lead managers, including JM Financial, Axis Capital, HSBC Securities, ICICI Securities, IIFL Securities, Kotak Mahindra Capital, and SBI Capital Markets.
Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.

Most Popular

See all
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

By Eve Gumpel
News and Trends

Avis Hospital Secures USD 2.5 Mn from NABVENTURES

The funds will be deployed to expand the hospital's services into over 15 tier II and tier III cities, with a strong focus on rural outreach through mobile screening camps and advanced diagnostic technology.

By Entrepreneur Staff
Franchise

4 Reasons Why Local Entrepreneurship Is the Secret Weapon of Great Franchises

Community-driven leaders not only strengthen customer relationships but also innovate and elevate the brand, proving that the best franchises are built on the foundation of trust, collaboration and local intuition.

By Jeff Helfgott
Leadership

5 Lessons I Wish I Didn't Learn the Hard Way During My 20 Years in Business

Starting a business has been one of the most exciting and fulfilling chapters of my life — but it's also been unpredictable, humbling and often much harder than it looks from the outside. Here are a few pieces of hard-earned wisdom I wish I'd known from day one.

By Nathan Miller
Marketing

The PR Playbook Every Emerging Brand Needs — But No One Talks About

The unglamorous (but necessary) work that makes press coverage possible.

By Christine Wetzler
Leadership

Stop Trying to Please Everyone — This Is Real Leadership

The real leadership challenge isn't charisma or consensus, but emotional clarity under pressure.

By Sam Rockwell