Pride Hotels Limited IPO DRHP
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 Objects
- Funding capital expenditure for the funding of existing hotels
- Repayment/prepayment of certain outstanding borrowings of the Company
- General corporate purposes
Pride Hotels IPO Details
Price Band₹ |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹260.00 Cr (0.00 Shares) |
Offer For Sale₹0.00 (3.92 Cr Shares) |
Total Issue₹260.00 Cr (3.92 Cr Shares) |
Face Value₹5 per equity share |
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
Pride Hotels IPO Financials
| 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 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | VALUES |
|---|---|
| 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 Details
| Name | Shareholding |
|---|---|
| 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% |
| Total | 99.82% |
Management Details
| Name | Designation |
|---|---|
| Sureshchand Jain | MD |
| Satyen Jain | CEO |
| Jiten Kataria | CFO |
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
Book Running Lead Managers (BRLMs)
RTAs
KFin Technologies
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Find answers to common questions that come in your mind related to IPO.
Pride Hotels IPO is a Mainboard IPO having an issue size of Rs. ₹260.00 Crs. Pride Hotels IPO is priced at ₹ - ₹ per share. The issue opens on 11 Feb 26 and closes on 11 Feb 26.
Pride Hotels IPO opens on 11 Feb 26 and closes on 11 Feb 26.
The estimated Grey Market Premium of Pride Hotels IPO is ₹0 per share (-).
The minimum lot size of Pride Hotels IPO is shares & the minimum application amount is Rs. 0.
The allotment date of Pride Hotels IPO is 11 Feb 26.
The listing date of Pride Hotels IPO is 11 Feb 26.
Pride Hotels IPO is subscribed -.
Pride Hotels IPO is priced at ₹ - ₹ per share.
Click the allotment link on Pride Hotels IPO page of IPO360.
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