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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 ₹280.00 per share . The lot size for an application is 53. The minimum amount of investment required by an retail is ₹14,575 (53 shares). 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 Date | January 29, 2019 to January 31, 2019 |
| Listing Date | February 7, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹275 to ₹280 per share |
| Issue Price Final | ₹280 per share |
| Lot Size | 53 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 5,86,13,571 shares (aggregating up to ₹1,641.18 Cr) |
| Fresh Issue | 3,39,28,571 shares (aggregating up to ₹950.00 Cr) |
| Offer for Sale | 2,46,85,000 shares of ₹10 (aggregating up to ₹691.18 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 17,10,95,293 shares |
| Share Holding Post Issue | 20,50,23,864 shares |
Chalet Hotels Limited IPO offers total 5,86,13,571 shares. Out of which 2,93,06,785 (50.00%) allocated to QIB, 1,17,22,714 (20.00%) allocated to QIB, 87,92,036 (15.00%) allocated to NII, 2,05,14,750 (35.00%) allocated to RII and 1,75,84,071 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Chalet Hotels IPO opens on January 29, 2019, and closes on January 31, 2019.
| IPO Open Date | Tue, Jan 29, 2019 |
| IPO Close Date | Thu, Jan 31, 2019 |
| Tentative Allotment | Tue, Feb 5, 2019 |
| Initiation of Refunds | Wed, Feb 6, 2019 |
| Credit of Shares to Demat | Thu, Feb 7, 2019 |
| Tentative Listing Date | Thu, Feb 7, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jan 31, 2019 |
Investors can bid for a minimum of 53 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
| Promoter Holding Pre Issue | 100 (171,095,293 Equity Shares)% |
| Promoter Holding Post Issue | At least 10 of the post-Offer paid-up Equity Shar% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (in Rs. Million) | ||||
|---|---|---|---|---|---|
| 30-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | |
| Total Assets | 37,388.22 | 38,300.39 | 37,379.91 | 35,529.46 | 34,401.52 |
| Total Revenue | 4,970.43 | 9,295.14 | 9,245.37 | 5,975.61 | 4,670.55 |
| Profit After Tax | -436.69 | 311.60 | 1,274.38 | -1,124.89 | -1,263.91 |
The Issue consists of a fresh issue and an Offer for Sale. The Company will not receive any proceeds from the Offer for Sale and all such proceeds will go to the Selling Shareholder.
The objects of the fresh Issue are-
1. Repayment/pre-payment of certain indebtedness
2. General corporate purposes
[Dilip Davda] Currently hospitality sector is witnessing subdued sentiment. This company has shown loss for first half that raises concern. Considering these, risk savvy cash surplus investors may consider investment at their own risk. Read detail review...
| Listing Date | February 7, 2019 |
| BSE Script Code | 542399 |
| NSE Symbol | CHALET |
| ISIN | INE427F01016 |
| Final Issue Price | ₹280 per share |
Chalet Hotels Ltd.
Raheja Tower, Plot No.C-30, Block 'G',
Next to Bank of Baroda, Bandra Kurla Complex,
Bandra (East), Mumbai 400051
Bandra, Maharashtra
Phone: +91 22 26564000
Email: investorrelations@chalethotels.com
Website: http://www.chalethotels.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Chalet Hotels IPO is a main-board IPO of 5,86,13,571 equity shares of the face value of ₹10 aggregating up to ₹1,641.18 Crores. The issue is priced at ₹280 per share. The minimum order quantity is 53.
The IPO opens on January 29, 2019, and closes on January 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 January 29, 2019 and closes on January 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 Thursday, February 7, 2019. Check the Chalet Hotels IPO allotment status.
The Chalet Hotels IPO listing date is on Thursday, February 7, 2019.
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