Pride Hotels Limited
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Pride Hotels Limited's is preparing to launch its Initial Public Offering (IPO) with a substantial issue size of TBD. The offering comprises a fresh issue component of TBD.
The price band for the IPO has been set at TBD, providing investors with a range to place their bids. The minimum investment lot consists of TBD, making it accessible to both retail and institutional investors.
The subscription window for this public offering opens on TBD and will conclude on TBD. Following the subscription period, the share allotment is scheduled for TBD, with the official listing expected to commence on TBD on the NSE, BSE exchange.
Founded in 1983, Pride Hotels Ltd is a leading Indian hospitality brand that owns, develops, and manages hotels under the “Pride Hotels and Resorts” name. The company operates 34 hotels with 2,723 rooms across 32 cities, including 7 owned properties and 27 managed ones. It ranks among the top domestic hotel chains in the upscale and midscale segments. Operating through four sub-brands—Pride Plaza, Pride Premier, Pride Elite, and Biznotel by Pride—the group serves business, leisure, and pilgrim travelers. Alongside accommodation, it generates revenue from restaurants, banquets, spas, fitness centers, and events, featuring over 50 dining outlets and 90 banquet halls. Its clients include major corporates like SpiceJet, Adani, and Air India, as well as top travel platforms such as MakeMyTrip and Booking.com.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- Nationwide Presence & Diverse Portfolio: Pan-India network of strategically located hotels and resorts catering to varied customer segments.
- Full-Service Customized Properties: Tailored hospitality offerings designed to meet diverse guest preferences and experiences.
- Strong Brand Legacy: Deep-rooted identity emphasizing Indian culture, customs, and traditions in service and design.
- Asset-Light Model: Focus on expansion through management contracts and partnerships, ensuring capital efficiency.
- Operational Excellence: Emphasis on efficiency, profitability, and proactive asset management.
- Experienced Leadership: Promoters supported by a skilled and professional management team driving sustainable growth.
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- Sureshchand Premchand Jain
- Satyen Suresh Jain
- Meena Sureshchand Jain
- A.S.P. Enterprises Pvt. Ltd.
- Kopra Estate Pvt. Ltd.
- Pride Plaza (I) Pvt. Ltd.
- The Executive Inn Ltd.
Pride Hotels Limited