CHALET HOTELS IPO:GMP, Issue Size, Issue Price and Important dates

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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          

  1. Repayment/pre-payment of certain indebtedness. 
  2. 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          

  1. Luxury upscale properties located in major metro cities. 
  2. Part of K. Raheja Corp group. 
  3. 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 

Chalet Hotels Limited IPO Registrar 

KFin Technologies Limited 
Phone: 04067162222, 04079611000 


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