Pride Hotels Limited IPO

Pride Hotels Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Open

Price Band

Total Issue

₹0.00 Cr

Bid Dates

TBA - TBA

Subscription

-

Est. GMP

₹0 (-)

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

  1. Funding capital expenditure for the funding of existing hotels
  2. Repayment/prepayment of certain outstanding borrowings of the Company
  3. General corporate purposes

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Pride Hotels IPO
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%

Kopra Estate Pvt. Ltd. 13.07%
A.S.P. Pvt. Ltd. 12.20%
Pride Plaza Pvt. Ltd. 11.94%
Executive Inn Ltd. 11.93%
Sureshchand Jain 9.88%
Others 40.80%

Management

Sureshchand Jain MD
Satyen Jain CEO
Jiten Kataria CFO

Registrar & Lead Managers

Frequently Asked Questions

What is Pride Hotels IPO?
Pride Hotels IPO is a Mainboard IPO having an issue size of ₹0.00 Crs. Pride Hotels IPO is priced at ₹ - ₹ per share. The issue opens on 16 Apr 26 and closes on 16 Apr 26.
When will Pride Hotels IPO open?
Pride Hotels IPO opens on 16 Apr 26 and closes on 16 Apr 26.
What is the GMP of Pride Hotels IPO?
The estimated Grey Market Premium of Pride Hotels IPO is ₹0 per share (-).
What is the lot size of Pride Hotels IPO?
The minimum lot size of Pride Hotels IPO is shares & the minimum application amount is Rs. 0.
When is the allotment of Pride Hotels IPO?
The allotment date of Pride Hotels IPO is 16 Apr 26.
What is the listing date of Pride Hotels IPO?
The listing date of Pride Hotels IPO is 16 Apr 26.
What is the subscription of Pride Hotels IPO?
Pride Hotels IPO is subscribed -.
What is the price band of Pride Hotels IPO?
Pride Hotels IPO is priced at ₹ - ₹ per share.
How to check allotment status of Pride Hotels IPO?
Click the allotment link on Pride Hotels IPO page of IPO360.
How to apply Pride Hotels IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Pride Hotels IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Pride Hotels IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Pride Hotels IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date