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


Chalet Hotels IPO Issue Details

Issue Type Book-Built Issue IPO
Issue Open 29-January-2019
Issue Closes 31-January-2019
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
Listing BSE, NSE

(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:-

  1. Repayment/prepayment of certain indebtedness, and
  2. General corporate purposes.
About Chalet Hotels Limited
Chalet Hotels Limited is a company incorporated in the year 1986 in Mumbai. It is 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. Their hotels are branded with globally recognized hospitality brands and are in the luxury-upper upscale and upscale hotel segments. They have developed commercial and retail spaces, in close proximity to certain of their hotels. Most of their hotels have higher ADR, occupancies and RevPAR compared to the average of other hotels in their respective micro-markets and hotel segments.
This company is the part of K. Raheja Corp group which is a leading business group in India.
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
  1. JM Financial Limited
    7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025, Maharashtra, India
    Telephone: +91 22 6630 3030
  2. 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
  3. 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.

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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


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