Neutral for Ventive Hospitality Ltd IPO; KR Choksey

KR Choksey, has come out with its report on Ventive Hospitality Ltd. The research firm has recommended to “ Neutral” the ipo in its research report as on December 19 2024.

Broker Research

December 20, 2024 / 11:18 IST

IPO

KR Choksey, Ventive Hospitality Ltd

Ventive Hospitality Limited ( VHL) is a leading hospitality asset owner with a primary focus on luxury properties across both business and leisure segments, operating assets under global brands like Marriott, Hilton, Minor, and Atmosphere. Its portfolio comprises 11 operational properties in India and the Maldives, totalling 2,036 keys, with a strong emphasis on luxury assets, such as JW Marriott Pune, The Ritz-Carlton Pune, and Conrad Maldives. Over 80% of its pro forma revenue from hotel operations comes from luxury properties. With an expansion strategy that has added over 1,000 keys since 2019, VHL has strengthened its position, ranking among the top hospitality companies in India in terms of revenue and EBITDA. As VHL continues to grow its portfolio and enhance operational performance, it remains well-positioned to capitalize on the increasing demand for luxury hospitality in key markets.

Valuation and Outlook

The company's dependence on third-party operators and sensitivity to seasonal business cycles add further complexity. Considering VHL's growth trajectory and financial profile, we recommend a "Neutral" rating for the IPO.

For all IPO report, click here