Chalet Hotels Limited IPO

Add to Calendar 2019-01-29 12:00 AM 2019-01-31 12:00 AM Asia/Kolkata Chalet Hotels Limited IPO Chalet Hotels Limited India

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:

Particulars

For the year/period ended (in Rs. Millions)

31-Mar-2018

31-Mar-2017

31-Mar-2016

31-Mar-2015

31-Mar-2014

Total Assets

31,159.97

36,226.90

34,376.45

33,248.52

30,313.43

Total Revenue

9,295.14

9,245.37

5,975.61

4,670.55

5,345.96

Profit After Tax

284.41

1,274.38

-1,124.89

-1,263.91

-1,088.05

Issue Detail

  • Issue Open: Jan 29, 2019
  • Issue Close: Jan 31, 2019
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 275 - Rs 280 Per Equity Share
  • Bid Lot:53 Shares
  • Minimum Order Quantity:53 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 950 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 11,711,444 8,884,569 20,730,659 - - 41,326,672
Day 1 - Jan 29, 2019IST 0.01x 0.30x 0.00x - - 0.07x
Day 2 - Jan 30, 2019IST 0.63x 0.47x 0.01x - - 0.28x
Day 3 - Jan 31, 2019IST 4.66x 1.10x 0.03x - - 1.57x

Listing Day Trading Information

- BSE NSE
Issue Price Rs 280.00 Rs 280.00
Open Rs 291.00 Rs 291.00
Low Rs 250.15 Rs 250.00
High Rs 295.30 Rs 300.00
Last Trade Rs 290.40 Rs 291.70
Volume 944,983 9,442,180

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