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Chalet Hotels Limited Logo

Chalet Hotels Limited

Jan 29, 2019 – Jan 31, 2019
Listed Price:
₹294.00
(+5.00%)
Price Band₹275 - ₹280
Lot Size53 Shares
Allotment DateFeb 05, 2019
Listing DateFeb 07, 2019
Subscription-
Issue Size₹1641.00 Cr

IPO Details

Subscription

lot distribution

Lot Distribution

reservation

Reservation

company financials

Company Fin.

₹0
(0.00%)

Premium (ELP)

The Initial Public Offering of Chalet Hotels Limited's culminated in its successful listing on Feb 07, 2019 at the NSE, BSE trading platform. The company secured 5,86,13,571 Shares through this capital market exercise, with 3,39,28,571 Shares allocated to new capital formation and ₹691.00 Cr to existing shareholder liquidity.

Investors participated within the price parameters of ₹275 to ₹280, with minimum investment requirements of 53 shares. The subscription period from Jan 29, 2019 to Jan 31, 2019 witnessed active investor engagement across categories.

Following the subscription closure, share allotment was processed on Feb 05, 2019. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.

Chalet Hotels IPO Details
IPO Date
:
Jan 29, 2019 to Jan 31, 2019
Allotment Date
:
Feb 05, 2019
List Date
:
Feb 07, 2019
Lot Size
:
53 share
Issue Price
:
₹275 - ₹280
Issue Size
:
5,86,13,571 (aggregating up to 1641.00 Cr)
Fresh Issue
:
3,39,28,571 (aggregating up to 950.00 Cr)
Offer For Sale
:
2,46,85,000 (aggregating up to 691.00 Cr)
Listing At
:
NSE, BSE
Share Holding Pre-Issue
:
17,10,95,293
Share Holding Post-Issue
:
20,50,23,864
Market Marker Portion
:
-
First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Shares5,86,13,571
QIB
50.00%(2,93,06,785)
HNI
15.00%(87,92,036)
RETAIL
35.00%(2,05,14,750)
Total
100.00%(5,86,13,571)
Chalet Hotels IPO Key Performance Indicators
Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).
Company Financials (in Lakhs)
Chalet Hotels IPO About Company

Incorporated in 1986, Mumbai-based Chalet Hotels Limited is engaged in owning, developing, and managing high-end hotels in major metro cities across India and is part of the K. Raheja Corp group. Its hotels operate under global brands such as JW Marriott, Westin, Marriott, and Marriott Executive Apartments, with five properties in the Mumbai Metropolitan Region, Hyderabad, and Bengaluru. The company reported total revenue of ₹9,295.14 million in 2018, growing at a CAGR of 14.83% between 2014 and 2018. Chalet Hotels follows an active asset management model, maintains high occupancies (~75%), and achieves strong EBITDA margins (41% in FY18 vs 34% industry average). The company benefits from strategic international tie-ups, cost-efficient construction and renovation, and high returns on capital, with investor IRRs ranging from 7.9% to 14.46% across key partnerships. EBITDA projections indicate growth from ₹500 Cr in FY20 to ₹700 Cr in FY22.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅Chalet Hotels IPO Strength Factors
  1. Luxury Properties: Owns upscale real estate in major metro cities.
  2. Part of K. Raheja Corp Group: Benefits from a strong and reputable parent company.
  3. Active Asset Management: Focuses on efficient and value-driven property management.
⚠️Chalet Hotels IPO Risk Factors

NA

🏦Chalet Hotels IPO Lead Manager(s)
Axis Capital LimitedMorgan Stanley India Company Private Limited
👤Chalet Hotels IPO Promoter(s)
  1. Mr. Ravi C. Raheja
  2. Mr. Neel C. Raheja
  3. K Raheja Corp Private Limited
  4. K Raheja Private Limited
  5. Ivory Properties and Hotels Private Limited
  6. Genext Hardware & Parks Private Limited
  7. Touchstone Properties and Hotels Private Limited
  8. Cape Trading LLP
  9. Capstan Trading LLP
  10. Casa Maria Properties LLP
  11. Anbee Constructions LLP
  12. Palm Shelter Estate Development LLP
  13. Raghukool Estate Development LLP
  14. Ivory Property Trust
🏢Chalet Hotels IPO Company Details

Chalet Hotels Limited

Phone:+91 22 26564000
address:Raheja Tower, Plot No.C-30, Block 'G', Next to Bank of Baroda, Bandra Kurla Complex, Bandra (East), Mumbai 400051
📋Chalet Hotels IPO Registrar

Kfin Technologies Limited

Name:Kfin Technologies Limited
Phone:04067162222
❓Chalet Hotels IPO FAQs
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