Ventive Hospitality shares started strong on December 30, listing at an 11.7% premium on the BSE at ₹718.15, surpassing the issue price of ₹643. The stock quickly climbed to ₹732 on both the BSE and NSE before stabilizing around ₹717.85 and ₹716.45, respectively, by mid-morning trading. The stock’s performance aligned with grey market predictions, where it commanded a ₹68 premium, suggesting an 11% listing gain. Ventive Hospitality made a strong debut with its IPO, which ran from December 20 to December 24, successfully raising ₹1,600 crore. The company issued 2.49 crore fresh shares as part of the offering. With strong ties to global brands such as Marriott and Hilton, the company has positioned itself as a premium player in the hospitality sector. However, analysts note potential vulnerabilities. Akriti Mehrotra of StoxBox highlighted the firm’s dependence on third-party operators for 78% of its keys, which could pose reputational risks. Despite this, she emphasized Ventive’s robust financial performance, including a 44% revenue CAGR and stable cash flows from annuity assets comprising 41% of its revenue.