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Company Overview
Ventia Services Group Limited (ASX: VNT) is one of the largest providers of infrastructure services in Australia & New Zealand. The Company was founded in 2015. The Company provides minor capital works, operations and maintenance, asset management and facilities management.
Initial Public Offering
The company had launched its IPO on November 03, 2021, under the ticker VNT at AU$1.70 each. We had covered this IPO in our ‘Kalkine IPO Report’ on November 03, 2021 and concluded that this IPO was “Attractive” given its superior earnings quality, strong balance sheet, and operating in a rapidly growing market backed by several growth catalysts for demand drivers.
Hourly Price Chart (as on December 1, 2021). Source: REFINITIV, Analysis by Kalkine Group
Conclusion
Investors who have invested into this IPO can consider ‘Exiting’ from their position at the closing price of AU$2.05 as on December 1, 2021, given:
*The reference data in this report has been partly sourced from Refinitiv.
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