Chalet Hotels has finally launched an initial public offer to raise the fund around INR 1600 crore. This is one of the biggest public offerings in the Indian IPO market for the last couple of months. This public offer consists of equity shares worth INR 950 crore, besides an offer for sale up to 2.46 Cr. equity shares.
Have a look at the Chalet Hotels IPO Details:
Issue Open: Jan 29 – Jan 31, 2019 (Already Opened)
Issue Price: INR 275 – 280 per equity share
Offer for sale: 24,6885,000 equity shares
Minimum Order Quality: 53 Shares
Listing at: BSE & NSE
IPO Shares Listing Date: February 8, 2019
JM Financial, Morgan Stanley India and Axis Capital are the lead managers to this public issue.
About Chalet Hotels:
Started in 19886, Chalet Hotels Limited is a Mumbai based firm engaged in the business of developing, owning & asset management of high-end hotels in various metro cities in India. The total revenue for 2018 was INR 9,295.14 million and it grew at CAGR of 14.83% between 2014 & 2018.