Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Hotel Polo Towers Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on September 27, 2025 to raise funds through Initial Public Offer (IPO).
Hotel Polo Towers Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹300.00 crores and an offer for sale (OFS) of upto 0.71 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Equirus Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Hotel Polo Towers IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹300 Cr) |
| Offer for Sale | 71,20,030 shares of ₹2 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 5,78,73,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sat, Sep 27, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in 1986, Hotel Polo Towers Ltd. develops, owns, operates, and manages a chain of upscale and midscale hotels and resorts in Northeast, East, and North India under the ‘Polo’ and ‘Max’ brands.
As of August 31, 2025, the company’s hospitality portfolio includes nine operational hotels and resorts with a total of 425 keys, 17 on-premise cafés and restaurants, and two standalone cafés. It also operates 34 event and banquet spaces catering to meetings, incentives, conferences, and exhibitions (MICE).
Food and beverage (F&B) services form a core part of the business, generating stable revenues by serving both in-house guests and local community demand for organized dining.
The company is expanding its portfolio under two brand identities: the established “Polo” brand and the new “Chapter Hotels by Polo” brand, a boutique offering designed to deliver intimate, experiential stays. Upcoming properties include Polo Kohima and Polo Dimapur in Nagaland, Chapter Shillong, Chapter Nongkhlaw, Chapter Cherrapunjee (Sohra) in Meghalaya, and Polo Planters Lodge Resort in Dooars, West Bengal.
Over the years, Hotel Polo Towers has expanded its presence with hotels in Tura, Meghalaya, and Agartala, Tripura, along with resorts in Cherrapunjee (Sohra), Meghalaya, and Agartala, Tripura.
As of August 31, 2025, the company employed 630 permanent employees.
Hotel Polo Towers Ltd.'s revenue increased by 28% and profit after tax (PAT) rose by 84% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 269.38 | 250.47 | 229.58 |
| Total Income | 123.62 | 96.77 | 87.53 |
| Profit After Tax | 22.09 | 12.00 | 13.13 |
| EBITDA | 55.14 | 35.80 | 35.06 |
| NET Worth | 112.14 | 101.77 | 85.14 |
| Reserves and Surplus | 111.72 | 97.86 | 85.14 |
| Total Borrowing | 48.33 | 56.77 | 56.31 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part-financing for the cost of establishment, expansion and upgradation of the existing properties: Lake Side Resort Project and Dimapur Project” together with Lake Side Resort Project referred as “Projects | 75.52 |
| 2 | Financing the capital expenditure requirements of the Company | 35.06 |
| 3 | Investment in the Subsidiaries for capital expenditure requirements | 27.04 |
| 4 | Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company | 36.30 |
| 5 | Investment in the Subsidiary, HPT Orchid Resort, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by the HPT Orchid Resort; and | 14.99 |
| 6 | Funding inorganic growth through unidentified acquisitions and general corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROCE | 15.90% |
| RoNW | 19.70% |
| PAT Margin | 17.87% |
| EBITDA Margin | 44.60% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.82 | |
| Promoter Holding | 100% |
Lead Manager Reports
Hotel Polo Towers IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Hotel Polo Towers IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Hotel Polo Towers IPO using UPI as a payment gateway. Zerodha customers can apply in Hotel Polo Towers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Hotel Polo Towers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Hotel Polo Towers IPO dates are not announced. Please check back again after some time.
Hotel Polo Towers IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Hotel Polo Towers 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 Hotel Polo Towers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Hotel Polo Towers IPO allotment status.
The Hotel Polo Towers IPO listing date is not yet announced. The tentative date of listing is .
