Ventive Hospitality Secures SEBI Approval for ₹2,000 Crore IPO

Ventive Hospitality Ltd , formerly Icc Realty (india) Private Limited , has received approval from the Securities and Exchange Board of India (SEBI) for its proposed ₹2,000 crore initial public offering (IPO). This move underscores the company's commitment to enhancing its luxury hospitality portfolio across business and leisure segments. Established as the hospitality arm of Pune-based Panchshil Realty , Ventive Hospitality underwent a transformation in 2017 when BRE Asia, an affiliate of Blackstone, BRE Hotels & Resorts, a Blackstone Portfolio Company acquired a 50% stake, positioning it as a co-majority stakeholder alongside Panchshil Realty.

The company's portfolio comprises 11 operational assets, including renowned properties such as JW Marriott Pune , The Ritz-Carlton, Pune , Conrad Maldives Rangali Island , and Anantara Kihavah Maldives Villas , totalling 2,036 keys as of 31 March 2024.

The IPO includes a fresh issue of equity shares with a face value of ₹1 each, aggregating up to ₹2,000 crore. Proceeds are intended for debt repayment and funding the company's growth initiatives. Ventive Hospitality plans to expand its footprint with developments in Varanasi, Bengaluru, and Sri Lanka, projecting an 18% increase in keys by FY2028.

This strategic expansion aligns with the growing demand for luxury hospitality in key markets, reinforcing Ventive Hospitality's position as a leading player in the industry. The company's collaboration with global operators such as Marriott Hotels , Hilton , Minor Hotels , and Atmosphere Core ensures its properties continue to deliver world-class experiences to discerning travellers.

As Ventive Hospitality embarks on this new chapter, the infusion of capital from the IPO is expected to accelerate its growth trajectory, enabling the company to set new benchmarks in luxury hospitality across the region.