Business Overview
Pride Hotels owns and operates a pan-India network of 34 hotels and resorts comprising 2,723 rooms. Its portfolio includes seven owned properties with 1,136 rooms and 27 managed properties with 1,587 rooms. The group commenced operations in 1987 with its first hotel in Pune and has since expanded through acquisitions and developments across key cities such as Ahmedabad, Delhi, Kolkata, Chennai, Nagpur and Bengaluru. In 2008, Pride Hotels adopted an asset-light growth strategy by entering into management contracts. Its operations are organized under four sub-brands: Pride Plaza in the upscale segment, Pride Premier in the upper-midscale segment, and Pride Elite and Biznotel by Pride in the midscale segment. The hotels are strategically located across business, leisure and pilgrimage destinations, catering to a diverse mix of domestic and inbound travelers through owned, leased and managed arrangements.
Objects of Issue
- Funding capital expenditure for the funding of existing hotels
- Repayment/prepayment of certain outstanding borrowings of the Company
- General corporate purposes
Financial Performance
(Rs. in crores)
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue | 305.62 | 270.04 | 246.19 |
| PAT | 83.51 | 66.03 | 37.66 |
| Net Worth | 417.61 | 335.65 | 269.62 |
| Borrowings | 65.14 | 83.18 | 115.66 |
| Assets | 893.30 | 769.87 | 615.91 |
| NAV (₹) | 22.50 | 18.08 | 14.52 |
| EPS (₹) | 4.50 | 3.56 | 2.03 |
KPIs
EBITDA
47.07
PAT
26.16
ROE
12.71
ROCE
19.18
Net Debt to Equity
0.04
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Shareholding
Promoter
99.82%
Public
0.18%
Management
Frequently Asked Questions
What is Pride Hotels IPO?
When will Pride Hotels IPO open?
What is the GMP of Pride Hotels IPO?
What is the lot size of Pride Hotels IPO?
When is the allotment of Pride Hotels IPO?
What is the listing date of Pride Hotels IPO?
What is the subscription of Pride Hotels IPO?
What is the price band of Pride Hotels IPO?
How to check allotment status of Pride Hotels IPO?
How to apply Pride Hotels IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Pride Hotels IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Pride Hotels IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Pride Hotels IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date