Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Pride Hotels Ltd. on January 16, 2026. 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.
Pride Hotels Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹260.00 crores and an offer for sale (OFS) of upto 3.92 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Motilal Oswal Investment Advisors 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 Pride Hotels 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 |
| Fresh Issue | [.] shares (agg. up to ₹260 Cr) |
| Offer for Sale | 3,92,39,446 shares of ₹5 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 18,55,91,970 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Sep 30, 2025 |
| SEBI/Exchange approval received | Fri, Jan 16, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Incorporated in 1983, Pride Hotels Ltd is an Indian hospitality brand that owns, develops, operates, and manages hotels under the "Pride Hotels and Resorts" brand name. The company operates through two models:
Its portfolio covers 34 hotels and resorts with 2,723 rooms across 32 cities in India. Among family-promoted hotel groups, it is among the fourth largest domestic chain, and the sixth largest in India in terms of owned inventory in upscale, upper midscale, and midscale segments (as of June 30, 2025).
The company operates under the four sub-brands:
The hotel caters to business, leisure, and pilgrim travel. Additionally, the company also earns revenue from F&B outlets, banquets, spas, fitness centers, retail (Pride Mart), and event services. It operates 50+ restaurants and bars, along with 90 banquet halls covering 350,000 sq. ft., supporting weddings, conferences, and social functions.
Its customer base include major corporates (e.g., SpiceJet, Zydus, Power Grid, Adani, Air India) and top travel platforms (MakeMyTrip, Booking.com, Cleartrip).
Competitive strengths
Pride Hotels Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 26% 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 | 893.30 | 769.87 | 615.91 |
| Total Income | 319.26 | 284.62 | 249.14 |
| Profit After Tax | 83.51 | 66.03 | 37.66 |
| EBITDA | 150.26 | 133.33 | 97.10 |
| NET Worth | 417.61 | 335.65 | 269.62 |
| Reserves and Surplus | 438.01 | 356.05 | 290.02 |
| Total Borrowing | 65.14 | 83.18 | 115.66 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure towards renovation of existing hotels | 159.68 |
| 2 | Repayment and prepayment in full of part of certain borrowings | 40.00 |
| 3 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 12.71% |
| ROCE | 19.18% |
| Debt/Equity | 0.04 |
| RoNW | 20% |
| PAT Margin | 26.16% |
| EBITDA Margin | 47.07% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.82% |
Lead Manager Reports
Pride Hotels IPO is a main-board IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Pride Hotels 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 Pride Hotels IPO using UPI as a payment gateway. Zerodha customers can apply in Pride Hotels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pride Hotels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pride Hotels IPO dates are not announced. Please check back again after some time.
Pride Hotels IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Pride 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 Pride Hotels IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Pride Hotels IPO allotment status.
The Pride Hotels IPO listing date is not yet announced. The tentative date of listing is .
