Blackstone-backed Ventive Hospitality, has allotted 1,11,90,513 equity shares to 26 anchor investors and raised Rs 7.19 billion ahead of company’s proposed IPO at the upper end of the price band at Rs 643 per equity share (including premium of Rs 643 per equity shares) with face value of Re 1 per equity share. Out of the total allocation of 1,11,90,513 equity shares to the anchor investors, 48,21,122 equity shares(i.e. 43.08% of the total allocation to anchor investors) were allocated to four domestic mutual funds through a total of eight schemes. Few of the marquee investors include Government Pension Global Fund, Allspring Global Investment LLC, Tata Absolute Return Fund, Quant Mutual Fund, Aditya Birla India Fund, SBI General Insurance Company, SBI Life Insurance Company, Nuvama, JM Financial Mutual Fund and 360 One Income Opportunities Fund. The total offer size of equity shares (face value of Re 1 each) aggregating up to Rs 16,000 million comprises a fresh issue of aggregating up to Rs 16,000 million. The company proposes to utilize the net proceeds towards the repayment/prepayment, in part or full, of certain of borrowings availed by the company including payment of interest accrued thereon. JM Financial, Axis Capital, HSBC Securities and Capital Markets (India), ICICI Securities, IIFL Securities, Kotak Mahindra Capital Company and SBI Capital Markets are the book running lead managers to the issue.