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Chalet Hotels Ltd is an owner, developer and asset manager of high-end hotels in key metro cities in India.

Company’s hotel platform comprises five operating hotels, including a hotel with a co-located serviced residence, located in the Mumbai Metropolitan Region, Hyderabad and Bengaluru, representing 2,328 keys, as of March 31, 2018.

Company’s hotels are branded with globally recognized hospitality brands and are in the luxury-upper upscale and upscale hotel segments.

Company’s hotel platform emphasizes strategic locations, efficient design and development, appropriate positioning in hotel segments together with branding and operational tie-ups with leading hospitality companies.

Company’s hotels are currently branded with global brands such as JW Marriott, Westin, Marriott, Marriott Executive Apartments, Renaissance and Four Points by Sheraton which are held by Marriott Hotels India Private Limited and its affiliates (collectively “Marriott”).

Chalet Hotels Limited IPO - Issue Details:

Issuer Chalet Hotels Limited (View Report)
Issue Type 100% Book Built Issue IPO
Issue Period Issue Opens: Jan 29, 2019
Issue Closes: Jan 31, 2019
Price Brand Rs.275 - Rs.280 per Equity Share
Issue Details Fresh Issue of Equity shares aggregating upto Rs.950 Cr and Offer for sale of upto 24,685,000 Equity Shares
Issue Size Rs.1,628.84* - Rs.1,641.18^ Crores
No. of Shares 58,613,571 - 59,230,454 Equity Shares
Face Value Rs.10 per Equity Share
Bit Lot 53 Shares and in multiples thereof
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size (29,615,226 - 29,306,785 Equity Shares)
NIB 15% of the issue size (8,884,569 - 8,792,036 Equity Shares)
Retail Individual Bidders 35% of the issue size (20,730,659 - 20,514,750 Equity Shares)
Listing NSE & BSE
Registrar Karvy Fintech Private Limited
Book Running Lead Managers JM Financial, Axis Capital & Morgan Stanley
* Lower Price Band; ^ Upper Price Band


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