VENTIVE HOSPITALITY LIMITED Rs. 16,000 MILLION INITIAL PUBLIC OFFERING TO OPEN ON FRIDAY, DECEMBER 20, 2024

• Price Band fixed at Rs. 610 to Rs. 643 per equity share of face value of Rs. 1 each (“Equity Shares”).

• Bid /Issue Opening Date – Friday, December 20, 2024 and Bid/Issue Closing Date – Tuesday, December 24, 2024.

• Anchor Date – The Anchor Investor Bidding Date is one working day prior to bid/offer opening date, being Thursday, December 19, 2024.

• Bids can be made for a minimum of 23 Equity Shares and in multiples of 23 Equity Shares thereafter.

• A discount of Rs. 30 per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion.

• RHP Link: https://jmfl.com/Common/getFile/4220

Bhubaneswar: Ventive Hospitality Limited (Formerly known as ICC Realty (India) Private Limited) (“COMPANY”), shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Friday, December 20, 2024. The Anchor Investor Bidding Date is one working day prior to bid/offer opening date, being Thursday, December 19, 2024. The Bid/ Offer Closing Date is Tuesday, December 24, 2024.

The total offer size of equity shares (face value of Rs. 1 each) aggregating up to Rs. 16,000 million comprises a Fresh Issue of aggregating up to Rs. 16,000 million  (“Total Offer Size”).

Price Band of the issue is fixed at Rs. 610 to Rs. 643 per equity share. (“The Price Band”).

A discount of Rs. 30 per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion (“Employee Reservation Portion Discount”). Bids can be made for a minimum of 23 Equity Shares and in multiples of 23 Equity Shares thereafter. (“Bid Lot”).

The Company proposes to utilize the Net Proceeds towards funding the following objects – the repayment/prepayment, in part or full, of certain of borrowings availed by the Company including payment of interest accrued thereon.

Atul I. Chordia, Chairman, Panchshil Realty and Executive Director, Ventive Hospitality Limited said: “The proposed IPO of Ventive Hospitality Limited is a key milestone for Panchshil and Blackstone in its journey to transform regional hospitality.”

Tuhin Parikh, Head of Real Estate – India, Blackstone said: “We are pleased to work with our long-time partner, Panchshil Realty in the upcoming IPO of Ventive Hospitality Limited – having a portfolio of premium hospitality assets that are operated by global hospitality brands.”

This is an Issue in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. This Issue is being made through the Book Building Process in compliance with Regulation 6(2) of the SEBI ICDR Regulations wherein in terms of Regulation 32(2) of the SEBI ICDR Regulations not less than 75% of the Net Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs” and such portion the “QIB Portion”) provided that our Company in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than the Anchor Investor Portion) (“Net QIB Portion”).

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors) including Mutual Funds, subject to valid Bids being received at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QIBs.

Further, not more than 15% of the Net Issue shall be available for allocation to Non- Institutional Bidders (“NIBs”) of which (a) one third portion shall be reserved for Bidders with application size of more than ₹200,000 and up to ₹1,000,000; and (b) two-thirds of the portion shall be reserved for Bidders with application size of more than ₹1.00 million, provided that the unsubscribed portion in either of such sub-categories may be allocated to Bidders in other sub-category of the NIBs in accordance with SEBI ICDR Regulations and not more than 10% of the Net Issue shall be available for allocation to Retail Individual Bidders (“RIB”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price.

Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees Bidding in the Employee Reservation Portion, subject to valid Bids received from them at or above the Issue Price. All Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID (in case of UPI Bidders (defined herein) using the UPI Mechanism), in which case the corresponding Bid Amounts will be blocked by the SCSBs or under the UPI Mechanism, as applicable to participate in the Issue. Anchor Investors are not permitted to participate in the Anchor Investor Portion of the Issue through the ASBA process.

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 and SBI Capital Markets Limited are the Book Running Lead Managers to the issue.

Disclaimer: This announcement is not an offer of securities for sale in the United States or elsewhere. This announcement has been prepared for publication in India only and is not for publication or distribution, directly or indirectly, in or into the United States. The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“U.S. Securities Act”) or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares are being offered and sold (a) outside the United States in offshore transactions as defined in and in compliance with Regulation S and the applicable laws of the jurisdictions where those offers and sales are made, and (b) in the United States only to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act) in transactions exempt from or not subject to the registration requirements under the U.S. Securities Act. There will be no public offering in the United States.