Pride Hotels Limited IPO
Pride Hotels Limited IPO
Mainboard NSE & BSE 100% Book Built Offer

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.

Pride Hotels IPO Size

Fresh Issue
₹260 Cr (TBA Shares)
Offer For Sale
Rs. TBA Cr (3.92 Cr Shares)

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

Pride Hotels IPO 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

Key Performance Indicators (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.

Promoter Holding

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

Company Details

Name: Pride Hotels Limited

Address: Asset 5A, Hospitality District, Delhi Aerocity, Indira Gandhi International Airport New Delhi 110037, Delhi, India.

Number: +91 22 4037 2414

Email: cs@pridehotel.com

Website: https://www.pridehotel.com

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