Bookbuilding IPO | ₹2,700 Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Prestige Hospitality Ventures Ltd. on August 1, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Prestige Hospitality Ventures Ltd. IPO is a Book Build Issue of ₹2,700.00 crores consisting of a fresh issue of shares worth Rs ₹1,700.00 crores and an offer for sale (OFS) of ₹1,000.00 crores.
The equity shares are proposed to be listed on NSE and BSE. JM Financial Ltd. is the book running lead manager and Kfin Technologies 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 Prestige Hospitality IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹2,700 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹1,700 Cr) |
| Offer for Sale | [.] shares of ₹5 (agg. up to ₹1,000 Cr) |
| Share Holding Pre Issue | 28,81,00,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Apr 24, 2025 |
| SEBI/Exchange approval received | Fri, Aug 1, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Offer |
| Retail Shares Offered | Not more than 10% of the Offer |
| NII Shares Offered | Not more than 15% of the Offer |
Prestige Hotel Ventures is a hospitality asset owner and developer focused on luxury, upper upscale, and upper midscale properties in India, catering to both business and leisure travellers. It is part of the Prestige Group, promoted by Prestige Estates Projects Limited (PEPL), a real estate developer with 38 years of experience and a market cap of ₹729.66 billion as of December 31, 2024.
PEPL operates across residential, commercial, hospitality, and retail sectors. The company's portfolio includes Operating, Ongoing, and Upcoming Hospitality Assets. As of December 31, 2024, the portfolio comprises:
The company's hotels are located in major Indian cities like Bengaluru, Delhi-NCR, Mumbai, Goa, Hyderabad, and Chennai.
As of December 2024, the company had 1,638 permanent employees.
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 3,822.24 | 3,729.88 | 3,330.17 | 3,114.38 |
| Total Income | 1,012.93 | 1,024.64 | 1,049.26 | 320.86 |
| Profit After Tax | 67.79 | 161.78 | 156.20 | 86.16 |
| NET Worth | 78.90 | 79.63 | 81.92 | 82.34 |
| Total Borrowing | 1,752.80 | 1,752.80 | 1,818.29 | 1,733.35 |
| 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, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the Company | 1,121.28 |
| 2 | Material Subsidiaries, namely, Sai Chakra Hotels Private Limited and Northland Holding Company Private Limited, through investment in such subsidiaries | 724.03 |
| 3 | Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 24.34% |
| ROCE | 14.12% |
| Debt/Equity | 2.11 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Prestige Hospitality IPO is a main-board IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹2,700 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Prestige Hospitality IPO open and close dates are not available as of now.
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 Prestige Hospitality IPO using UPI as a payment gateway. Zerodha customers can apply in Prestige Hospitality IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Prestige Hospitality IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Prestige Hospitality IPO dates are not announced. Please check back again after some time.
Prestige Hospitality IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Prestige Hospitality 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 Prestige Hospitality IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Prestige Hospitality IPO allotment status.
The Prestige Hospitality IPO listing date is not yet announced. The tentative date of listing is .
