The Chalet Hotels date has been confirmed from January 29, 2019 and ended on January 31, 2019.
Chalet Hotels Developers IPO is a fixed price issue of Rs 1,641.18 crores. The price band is set at ₹275 to ₹280 per share. The minimum lot size for an application is 53 Shares. The minimum amount of investment required by retail investors is ₹14,840.
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Bidding Dates
January 29-31
Price Range
₹275 to ₹280 per share
Face Value
₹10 per share
GMP
₹679.85
Chalet Hotels IPO GMP
The Chalet Hotels IPO GMP is ₹679.85.
IPO Overview
The Chalet Hotels Limited IPO is a book-built offering for Rs 1,641.18 crores. The offering consists of a fresh issue of Rs 950.00 crore and an offer to sell 2.47 crore shares. The IPO auction for Chalet Hotels Limited began on January 29, 2019 and finished on January 31, 2019. On Tuesday, February 5, 2019, the allotment for the Chalet Hotels Limited IPO was completed. On February 7, 2019, the shares were listed on the BSE and NSE. The IPO price range for Chalet Hotels Limited is set at 275 to 280 per share. An application requires a minimum lot size of 53 Shares. Retail investors must make a minimum investment of ₹14,840.
Competitive Strengths of the Company
- Luxury upscale properties located in major metro cities
- Part of K. Raheja Corp group
- An active asset management model
Chalet Hotels IPO Details
| IPO Date | January 29, 2019 to January 31, 2019 |
| Listing Date | February 7, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹275 to ₹280 per share |
| Lot Size | 53 Shares |
| Total Issue Size | 58,613,571 shares (aggregating up to ₹1,641.18 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹950.00 Cr) |
| Offer for Sale | 24,685,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Chalet Hotels Company Financials
| Particulars | For the year/period ended (in Rs. Million) | ||||
|---|---|---|---|---|---|
| 30-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | |
| Total Assets | 37,388.22 | 38,300.39 | 37,379.91 | 35,529.46 | 34,401.52 |
| Total Revenue | 4,970.43 | 9,295.14 | 9,245.37 | 5,975.61 | 4,670.55 |
| Profit After Tax | -436.69 | 311.60 | 1,274.38 | -1,124.89 | -1,263.91 |
Chalet Hotels Limited IPO Timeline
| IPO Open Date | Tuesday, January 29, 2019 |
| IPO Close Date | Thursday, January 31, 2019 |
| Basis of Allotment | Tuesday, February 5, 2019 |
| Initiation of Refunds | Wednesday, February 6, 2019 |
| Credit of Shares to Demat | Thursday, February 7, 2019 |
| Listing Date | Thursday, February 7, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 31, 2019 |
Company Profile
Chalet Hotels Limited, situated in Mumbai, was founded in 1986 and is in the business of owning, building, and managing high-end hotels in major Indian cities. It is a subsidiary of the K. Raheja Corp group, a significant corporate conglomerate in the country. Currently, the company’s hotels are branded with worldwide hospitality brands including JW Marriott, Westin, Marriott, Marriott Executive Apartments, and so on. Its hotel platform currently includes five operational hotels in the Mumbai Metropolitan Region, Hyderabad, and Bengaluru. The company’s
total sales was Rs 9,295.14 million in 2018, growing at a CAGR of 14.83% between 2014 and 2018.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | einward.ris@karvy.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Chalet Hotels Limited |
| Phone number | +91 22 26564000 |
| Email ID | investorrelations@chalethotels.com |
| Website | chalethotels.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
