Bookbuilding IPO | ₹1,641 Cr | Listed at BSE, NSE | Tue, Jan 29, 2019 - Thu, Jan 31, 2019
Chalet Hotels IPO is a book build issue of ₹1,641.18 crores. The issue is a combination of fresh issue of 3.39 crore shares aggregating to ₹950.00 crores and offer for sale of 2.47 crore shares aggregating to ₹691.18 crores.
Chalet Hotels IPO bidding started from Jan 29, 2019 and ended on Jan 31, 2019. The allotment for Chalet Hotels IPO was finalized on Feb 5, 2019. The shares got listed on BSE, NSE on Feb 7, 2019.
Chalet Hotels IPO price band is set at ₹280 per share. The lot size for an application is 53. The minimum amount of investment required by an retail is ₹14,840 (53 shares) (based on upper price). The lot size investment for sNII is 14 lots (742 shares), amounting to ₹2,07,760, and for bNII, it is 68 lots (3,604 shares), amounting to ₹10,09,120.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Chalet Hotels IPO RHP for detailed Information.
IPO Open
Tue, Jan 29, 2019
IPO Close
Thu, Jan 31, 2019
Issue Price
₹280 per share
Market Cap (Pre-IPO)
₹5,740.67 Cr
| IPO Date | 29 to 31 Jan, 2019 |
| Listed on | Thu, Feb 7, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹275 to ₹280 |
| Issue Price | ₹280 per share |
| Lot Size | 53 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,86,13,571 shares (agg. up to ₹1,641 Cr) |
| Fresh Issue | 3,39,28,571 shares (agg. up to ₹950 Cr) |
| Offer for Sale | 2,46,85,000 shares of ₹10 (agg. up to ₹691 Cr) |
| Share Holding Pre Issue | 17,10,95,293 shares |
| Share Holding Post Issue | 20,50,23,864 shares |
| BSE Script Code / NSE Symbol | 542399 / CHALET |
| ISIN | INE427F01016 |
Chalet Hotels IPO comprises a total issue size of 5,86,13,571 shares. Out of which, 2,93,06,785 (50.00%) are allocated to QIB, 87,92,036 (15.00%) allocated to NII 2,05,14,750 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 2,93,06,785 | 50.00% | NA |
| − Anchor Investor Shares Offered | 1,75,84,071 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,17,22,714 | 20.00% | NA |
| NII (HNI) Shares Offered | 87,92,036 | 15.00% | NA |
| Retail Shares Offered | 2,05,14,750 | 35.00% | 3,87,070 |
| Total Shares Offered | 5,86,13,571 | 100.00% |
Investors can bid for a minimum of 53 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,840 |
| Retail (Max) | 13 | 689 | ₹1,92,920 |
| S-HNI (Min) | 14 | 742 | ₹2,07,760 |
| S-HNI (Max) | 67 | 3,551 | ₹9,94,280 |
| B-HNI (Min) | 68 | 3,604 | ₹10,09,120 |
Chalet Hotels IPO raises ₹492.35 crore from anchor investors. Chalet Hotels IPO Anchor bid date is January 28, 2019.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jan 28, 2019 |
| Shares Offered | 1,75,84,071 |
| Anchor Portion (₹ Cr.) | 492.35 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Mar 7, 2019 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, May 6, 2019 |
Incorporated in 1986, Mumbai based Chalet Hotels Limited is a company engaged in the business of owning, developing and asset management of high-end hotels in major metro cities across India. It is a part of K. Raheja Corp group which is a leading business group in the country.
The company's hotels are currently branded with global hospitality brands such as JW Marriott, Westin, Marriott, Marriott Executive Apartments etc. Its hotel platform includes 5 operating hotels located in the Mumbai Metropolitan Region, Hyderabad and Bengaluru.
The total revenue of the company was Rs 9,295.14 million for 2018, and the total revenue grew at a CAGR of 14.83% between 2014 and 2018.
Competitive Strengths of the Company
1. Luxury upscale properties located in major metro cities
2. Part of K. Raheja Corp group
3. An active asset management model
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment of certain indebtedness | 720.00 |
| 2 | General corporate purposes. | 196.13 |
The Chalet Hotels Limited IPO is subscribed 1.57 times on January 31, 2019 6:00:00 PM (Day 3). The public issue subscribed 0.03 times in the retail category, 4.66 times in the QIB category, and 1.1 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 4.66 | 1,17,11,444 | 5,45,43,307 |
| NII | 1.1 | 88,84,569 | 97,80,408 |
| Retail | 0.03 | 2,07,30,659 | 5,83,848 |
| Total | 1.57 | 4,13,26,672 | 6,49,07,563 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs (including underwriting commission, brokerage and selling commission) | 35.01 |
| 2 | Selling commission and processing fees for SCSBs and Sponsor Bank | 0.18 |
| 3 | Brokerage, selling commission and bidding charges for the members of the Syndicate, Registered Brokers, Collecting RTAs and CDPs | 0.01 |
| 4 | Fees payable to the Registrar to the Offer | 1.21 |
| 5 | Listing fees, SEBI filing fees, book building software fees and other regulatory expenses, printing and stationery expenses, monitoring agency and fees payable to the legal counsel | 13.16 |
| 6 | Advertising and marketing expenses for the Offer | 5.45 |
| 7 | Other Advisors to the Offer | 3.23 |
| 8 | Miscellaneous | 0.23 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹280.00 | ₹280.00 |
| Open | ₹291.00 | ₹291.00 |
| Low | ₹250.15 | ₹250.00 |
| High | ₹295.30 | ₹300.00 |
| Last Trade | ₹290.40 | ₹291.70 |
Lead Manager Reports
Chalet Hotels IPO is a main-board IPO of 5,86,13,571 equity shares of the face value of ₹10 aggregating up to ₹1,641 Crores. The issue is priced at ₹280 per share. The minimum order quantity is 53.
The IPO opens on Tue, Jan 29, 2019, and closes on Thu, Jan 31, 2019.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Chalet Hotels IPO using UPI as a payment gateway. Zerodha customers can apply in Chalet Hotels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Chalet Hotels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Chalet Hotels IPO opens on Tue, Jan 29, 2019 and closes on Thu, Jan 31, 2019.
Chalet Hotels IPO lot size is 53, and the minimum amount required for application is ₹14,840.
You can apply in Chalet Hotels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Chalet Hotels IPO will be done on Tuesday, February 5, 2019, and the allotted shares will be credited to your demat account by Thu, Feb 7, 2019. Check the Chalet Hotels IPO allotment status.
The Chalet Hotels IPO listing date is on Thu, Feb 7, 2019.
