Chalet Hotels IPO Dates, Review, Price Band, Market Lot Details

Vijay Prajapati
July 4, 2018

Vijay Prajapati

Chalet Hotels gets SEBI’s go ahead for IPO. Chalet Hotels incorporated in 1996 based in Mumbai. They are owner, developer, asset manager of high end hotels in India. The company is a part of K Raheja Corp Group. They are one of the leading business groups in India. The hotel platform serves in hotels located in Mumbai, Hyderabad and Bangalore. They are currently branded with global brands like Marriott, Westin, Marriott Executive Apartments, Renaissance and Four Points by Sheraton. They are backed by one of the leading real estate developer K Raheja Group.

Chalet Hotels IPO Review:

Risky

Chalet Hotels IPO Dates & Price Band:

IPO Open: 29-January-2019
IPO Close: 31-January-2019
IPO Size: Approx Rs. 1640 Crore (Approx)
Face Value: Rs.10 Per Equity Share
Price Band: Rs. 275 to 280 Per Share
Listing on: BSE & NSE
Retail Portion: 35%
Equity: 24,685,000 Shares

Chalet Hotels IPO Market Lot:

Shares: Apply for 53 Shares (Minimum Lot Size)
Amount: Rs. 14840

Chalet Hotels IPO Allotment & Listing:

Basis of Allotment: 06-February-2019
Refunds: 06-February-2019
Credit to demat accounts: 06-February-2019
Listing: 07-February-2019

Chalet Hotels Financial:

Rs. in Crore
	Revenue	Expense	PAT
2013	–	–	–
2014	535	402	-109
2015	467	377	-127
2016	598	442	-112
2017	925	494	128
2018	930	578	30

Company Promoters:

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 Llp
Anbee Constructions Llp
Palm Shelter Estate Development Llp
Raghukool Estate Development Llp
Ivory Property Trust

Quick Links:
DRHP Draft Prospectus (DRHP)
RHP Draft Prospectus (RHP)

Initial public offering of up to (*) equity shares of face value of Rs. 10 each (the equity shares) of Chalet Hotels Limited (the company or the company or the issuer) for cash at a price of Rs. (*) per equity share (including a share premium of Rs. (*) per equity share) (the offer price) aggregating up to Rs. (*) Crores (the offer) comprising a fresh issue of (*) equity shares aggregating up to Rs. 950 Crores (fresh issue) and an offer for sale of upto 24,685,000 equity shares (the offered shares) aggregating to Rs. (*) Crores, comprising an offer for sale of (i) up to 5,550,000 equity shares aggregating to Rs. (*) Crores by ravi c. Raheja; (ii) up to 5,550,000 equity shares aggregating to Rs. (*) Crores by neel c. Raheja; (iii) up to 10,784,176 equity shares aggregating to Rs. (*) Crores by k. Raheja corp private limited; (iv) up to 800,000 equity shares aggregating to Rs. (*) Crores by palm shelter estate development llp; and (v) up to 2,000,824 equity shares aggregating to Rs. (*) Crores by ivory properties & hotels private limited (collectively the selling shareholders, and such offer for sale, the offer for sale). The offer shall constitute up to (*) % of the post-offer paid-up equity share capital of the company.The price band and the minimum bid lot will be decided by the company.

Chalet Hotels IPO Registrar:
Karvy Computershare Private Limited
Phone: +91-40-23312454
Fax: +91-40-23311968
Email: [email protected]
Website: http://karisma.karvy.com

Chalet Hotels IPO Lead Managers:

Axis Capital Limited
JM Financial Consultants Private Limited
Morgan Stanley India Company Pvt Ltd

Company Address:
Chalet Hotels Limited
Raheja Tower, Plot No.C-30, Block ‘G’,
Next to Bank of Baroda, Bandra Kurla Complex,
Bandra (East), Mumbai 400051
Phone: +91 22 – 26564000
Fax: +91 22 – 26565451
Email: [email protected]
Website: http://www.chalethotels.com

Share the Post: