CHALET HOTELS IPO is a company engaged in the business of owning, developing and asset management of high-end hotels and is all set to make a debut in the stock market with an issue size of 1641.18 Cr.
CHALET HOTELS IPO – Overview
| Issue Date | 29 – 31 Jan 2019 |
| IPO Opening Date | 29 Jan 2019 |
| IPO Face Value | INR 10 per share |
| IPO Price | INR 280 per share |
| IPO Lot Size | 53 Shares |
| Issue Size | 1641.18 Cr |
| Offer for sale | – |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 4.66 times |
| NII (HNI) Shares | 1.10 times |
| Company Promoters | The Promoters of the company are Ravi C Raheja, Neel C Raheja and K Raheja Corp Pvt Ltd. |
CHALET HOTELS IPO -Tentative Dates
| IPO opening date | 29 Jan 2019 |
| IPO closing date | 31 Jan 2019 |
| Basis of Allotment | 5 Feb 2019 |
| Initiation of Refunds | 6 Feb 2019 |
| The credit of Shares to Demat | 7 Feb 2019 |
| IPO Listing Date | 8 Feb 2019 |
Company Overview
Mumbai based Chalet Hotels Limited is a company engaged in the business of owning, developing and asset management of high-end hotels in major metro cities across India. It is a part of K. Raheja Corp group, which is a leading business group in the country.
The company’s hotels are currently branded with global hospitality brands such as JW Marriott, Westin, Marriott, Marriott Executive Apartments etc. Its hotel platform includes 5 operating hotels located in the Mumbai Metropolitan Region, Hyderabad and Bengaluru.
Objectives of the Issue
- Repayment/pre-payment of certain indebtedness.
- General corporate purposes.
CHALET HOTELS IPO- Financial Statements
| Particulars | 31-Sept-18 | 31-Mar-18 | 31-Mar-17 |
| Total Assets | 37,388.22 | 38,300.39 | 37,379.91 |
| Total Revenue | 4,970.43 | 9,295.14 | 9,245.37 |
| Profit After Tax | -436.69 | 311.60 | 1,274.38 |
Company Strengths
- Luxury upscale properties located in major metro cities.
- Part of K. Raheja Corp group.
- An active asset management model
Company Contact Information
Chalet Hotels Limited
Raheja Tower, Plot No.C-30, Block ‘G’,
Next to Bank of Baroda, Bandra Kurla Complex,
Bandra (East), Mumbai 400051
Phone: +91 22 26564000
Email: investorrelations@chalethotels.com
Website: http://www.chalethotels.com/
Chalet Hotels Limited IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
