Ventive Hospitality Limited has submitted its Monitoring Agency Report for the quarter ended December 31, 2025, issued by Crisil Ratings Limited. The report, in accordance with SEBI regulations, details the utilization of proceeds from the company's Initial Public Offer (IPO). As per the report, the total gross proceeds from the IPO amounted to ₹16,000 million (₹1,600 crore). After deducting issue expenses of ₹805.44 million (₹80.54 crore), the net proceeds were ₹15,194.56 million (₹1,519.46 crore). The utilization of these proceeds was primarily towards the repayment/prepayment of certain borrowings, both by the company and its step-down subsidiaries, SS & L Beach Private Limited and Maldives Property Holdings Private Limited. A total of ₹14,000 million (₹1,400 crore) was allocated for this purpose, and this amount was fully utilized by the quarter ended June 30, 2025. An amount of ₹1,194.56 million (₹119.46 crore) was allocated for general corporate purposes, which has also been fully utilized. The remaining allocation was for issue expenses, amounting to ₹805.44 million (₹80.54 crore), of which ₹804.84 million (₹80.48 crore) has been utilized, leaving a balance of ₹0.60 million (₹0.06 crore) in the company's current account as of December 31, 2025. Crisil Ratings Limited has confirmed that there were no deviations from the objects disclosed in the Offer Document and no material deviations requiring shareholder approval. The report also states that the means of finance for the disclosed objects have not changed, and there have been no major deviations observed over earlier monitoring agency reports. All necessary government/statutory approvals related to the objects have been obtained.
