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:
||Chalet Hotels Limited (View Report)
||100% Book Built Issue IPO
||Issue Opens: Jan 29, 2019
| Issue Closes: Jan 31, 2019
||Rs.275 - Rs.280 per Equity Share
||Fresh Issue of Equity shares aggregating upto Rs.950 Cr and Offer for sale of upto 24,685,000 Equity Shares
||Rs.1,628.84* - Rs.1,641.18^ Crores
|No. of Shares
||58,613,571 - 59,230,454 Equity Shares
||Rs.10 per Equity Share
||53 Shares and in multiples thereof
|Maximum Bid amount for Retail
||Rs. 2 Lakhs
||50% of the issue size (29,615,226 - 29,306,785 Equity Shares)
||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)
||NSE & BSE
||Karvy Fintech Private Limited
|Book Running Lead Managers
||JM Financial, Axis Capital & Morgan Stanley
* Lower Price Band; ^ Upper Price Band