Chalet Hotels IPO – Upcoming IPO of Chalet Hotels Limited
Chalet Hotels IPO: Chalet Hotels Limited is issuing the IPO (Initial Public Offering) from 29-January-2019 to 31-January-2019.
Chalet Hotels Limited is the parent company of many top brand hotels in India like JW Marriott.
Chalet Hotels IPO Issue Details
|Issue Type||Book-Built Issue IPO|
|Face Value||Rs 10 per Equity Share|
|Issue Price||Rs 275-280 per Equity Share|
|Issue Size||[.] equity shares of Rs 950 Crores|
|Minimum Order||53 Shares|
(Read: IPO process in India Steps)
Chalet Hotels IPO: Objects of the Issue
According to Chalet Hotels Limited, the proposed objects of the net proceeds of the fresh issue are proposed to be utilised in the following manner:-
- Repayment/prepayment of certain indebtedness, and
- General corporate purposes.
About Chalet Hotels Limited
Hotels of this company are currently branded with global brands such as JW Marriott, Westin, Marriott, Marriott Executive Apartments, Renaissance and Four Points by Sheraton.
Following are the competitive strengths of the company:-
- High-End Branded Hotels Strategically Located in Key Metro Cities of India
- Active Asset Management Model
- Well Positioned to Benefit from Industry Trends
- Experienced Management Team
- Backed by Leading Indian Real Estate Developer
Promoters: Ravi C. Raheja, Neel C. Raheja, K Raheja Corp Private Limited, K Raheja Private Limited, Ivory Properties and Hotels Private Limited, Touchstone Properties and Hotels Private Limited, Cape Trading LLP and more.
Address: Raheja Tower, Plot No.C-30, Block ‘G’, Next to Bank of Baroda, Bandra Kurla Complex, Bandra (East), Mumbai 400051.
Telephone: +91 22 – 26564000
Lead Manager to the Chalet Hotels IPO Issue
- JM Financial Limited
7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025, Maharashtra, India
Telephone: +91 22 6630 3030
- Axis Capital Limited
1st Floor, Axis House, C 2 Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai 400 025, Maharashtra, India
Telephone: +91 22 4325 218
- Morgan Stanley India Company Private Limited
18F, Tower 2, One Indiabulls Centre, 841, Senapati Bapat Marg Mumbai 400 013, Maharashtra, India
Telephone: +91 22 6118 1000
Registrar to the Chalet Hotels IPO Issue
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad 500 032, India
Telephone: +91 40 6716 2222
Please go through this draft prospectus for more detailed information.
Disclaimer: This post is just an information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
Tags: #IPO #Stock Market #Chalet Hotels IPO #investments #Upcoming IPO Issue