Chalet Hotels Limited IPO

Chalet Hotels Limited

Issue Open

Jan 29, 2019

Price Band

₹ 275 - ₹ 280

Issue Size

₹ 950 Cr

Credit of Shares to Demat


Issue Close

Jan 31, 2019

Bid Lot


Listing Exchange


Cut off time for UPI Mandate Confirmation


Issue Type

Book Built Issue IPO

Minimum Order Quantity


Allotment Details


Face Value

Rs 10 Per Equity Share

Listing On

Feb 07, 2019



About the company:

Chalet Hotels Limited are an owner, developer and asset manager of high-end hotels in key metro cities in India. Their hotel platform comprises five operating hotels, including a hotel with a co-located serviced residence, located in the Mumbai Metropolitan Region, Hyderabad, and Bengaluru, representing 2,328 keys, as of March 31, 2018.

Date of Establishment: Chalet Hotels Limited was incorporated as ‘Kenwood Hotels Private Limited’ on 6th of January 1986 at Mumbai, Maharashtra.  Subsequently, it was reformed to ‘Chalet Hotels Limited' on 6th of June 2018,

Promoters of Chalet Hotels Limited: The promoters of the Chalet Hotels Limited are:

Ravi C.Raheja, Neel .C.Raheja, K Raheja Corp Private Limited, K Raheja Private Limited,

Ivory Properties and Hotels Private Limited, Genext Hardware & Parks Private Limited,

Touchstone Properties and Hotels Private Limited, Cape Trading LLP, Capstan Trading LLP,

Casa Maria Properties, Anbee Constructions LLP, Palm Shelter Estate Development LLP,

Raghukool Estate Development LLP and Ivory Property Trust.

Products and Services Offering: Its hotels are currently branded with global brands that include JW Marriott, Westin, Marriott, Marriott Executive Apartments, Renaissance and Four Points by Sheraton which are held by Marriott Hotels India Private Limited and its affiliates (collectively “Marriott”).

Besides this, it also operates in Retail and Commercial Business, Residential Projects and Projects under Development segments.

Consumer Segments: Generally Chalet Hotels Limited being in hospitality sector has its hotels business conducted across various metro cities location which is located across India mainly in Mumbai Metropolitan Region, Hyderabad and Bengaluru among others which are basically spread across prime rich locations. For instance - they have a hotel in Sahar, Mumbai and another located across 15 acres at the banks of Powai Lake, both in proximity to Mumbai’s international airport.

Objects of Chalet Hotels Limited IPO: The objects of Chalet Hotels Limited IPO are;

- Repayment/prepayment of certain indebtedness.

- General corporate purposes.

- Offer for sale up to 24,685,000 Equity Shares by its existing shareholders.

Company Financials:


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