Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Larisa Hotels & Resorts Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.37 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Unistone Capital Pvt.Ltd. is the book running lead manager and Maashitla Securities 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 Larisa Hotels & Resorts IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 36,72,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 36,72,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,01,85,710 shares |
| Share Holding Post Issue | 1,38,57,710 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Dec 31, 2025 |
| SEBI/Exchange approval received | Sun, Apr 5, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Larisa Hotels & Resorts operates in the hospitality sector, managing and operating hotels through lease, management, and revenue-sharing models. The company provides end-to-end hospitality solutions, ensuring high service standards, guest satisfaction, and efficient revenue management. Its offerings include resorts, villas, cottages, and premium restaurants and bars, with a focus on luxury and sustainability.
In November 2024, the company acquired 22 managed properties along with the AM Hotel Kollection brand, strengthening its portfolio. Its hotel keys have grown from 11 in 2019 to 715 keys across 25 operational properties in 9 states as of the DRHP.
Its brand name includes—LaRiSa, AM Hotel Kollection, and 8fold by LaRiSa—cater to different guest preferences across mountain, beach, nature, heritage, and urban locations. This mix of brands and business models supports capital-efficient growth.
The company also have a pipeline of 10 upcoming properties with 291 keys. These include hotels in Lucknow, Kanha National Park, and Nubra Valley. The company operate hotels under four models: leasehold, revenue share, managed properties, and sales & marketing.
Competitive Strengths
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 36.13 | 33.60 | 25.88 | 20.28 |
| Total Income | 7.19 | 24.90 | 21.49 | 18.69 |
| Profit After Tax | 0.91 | 4.00 | 2.09 | 0.06 |
| EBITDA | 2.20 | 8.48 | 5.31 | 2.60 |
| NET Worth | 19.43 | 15.25 | 5.56 | 1.85 |
| Reserves and Surplus | 8.43 | 14.37 | 4.71 | 1.80 |
| Total Borrowing | 12.37 | 12.57 | 16.53 | 16.74 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure requirements towards upgradation, refurbishment, expansion and renovation of hotel properties | 15.98 |
| 2 | Investment in the form of loan to subsidiary for construction of hotel premises | 15.00 |
| 3 | General Corporate Purpose |
| KPI | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 5.42% | 38.41% |
| ROCE | 4.59% | 22.74% |
| Debt/Equity | 0.64 | 0.82 |
| RoNW | 5.42% | 38.41% |
| PAT Margin | 13.15% | 16.27% |
| EBITDA Margin | 30.79% | 34.53% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 76.98% |
Lead Manager Reports
Larisa Hotels & Resorts IPO is a SME IPO of 36,72,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Larisa Hotels & Resorts IPO open and close dates are not available as of now.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Larisa Hotels & Resorts IPO using UPI as a payment gateway. Zerodha customers can apply in Larisa Hotels & Resorts IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Larisa Hotels & Resorts IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Larisa Hotels & Resorts IPO dates are not announced. Please check back again after some time.
Larisa Hotels & Resorts IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Larisa Hotels & Resorts 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 Larisa Hotels & Resorts IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Larisa Hotels & Resorts IPO allotment status.
The Larisa Hotels & Resorts IPO listing date is not yet announced. The tentative date of listing is .
