
Consumer Discretionary · NSE / BSE
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.
Price Band
₹275 – ₹280
Issue Size
₹1641 Cr
Lot Size
53 shares
GMP
Est. Listing
₹280
at current GMP
Subscribed
—
Open
29 Jan 2019
Close
31 Jan 2019
Allotment
5 Feb 2019
Refund
6 Feb 2019
Demat Credit
7 Feb 2019
Listing
7 Feb 2019
Overall Subscription
0.00x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 29,303,571 | — | 0.00x |
| Non-Institutional (NII / HNI) | 8,791,071 | — | 0.00x |
| Retail Individual (RII) | 20,512,500 | — | 0.00x |
| Total | 58,607,142 | 0 | 0.00x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 387,028 | 387,028 | 1.00x |
| HNIs (10L +) | 2,476 | 2,476 | 1.00x |
| HNIs (2-10L) | 11,848 | 11,848 | 1.00x |
| Total Applications | 401,352 | 401,352 | 1.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Chalet Hotels Limited is bringing an initial public offering (IPO) in the Consumer Discretionary sector with an aggregate issue size of ₹1,641 Crores. The shares are offered at a price band of ₹275 to ₹280 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2019-01-31, the basis of allotment is scheduled to be finalized on 2019-02-05. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Currently, Chalet Hotels Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹275 to ₹280 per equity share.
The retail lot size is 53 shares requiring a minimum application amount of ₹14,840. Expected listing price is ₹280 per equity share.
The Chalet Hotels Limited IPO aggregate issue size is ₹1,641 Crores with an equity price band set at ₹275 to ₹280 per equity share. The retail lot size is 53 shares requiring a minimum capital outlay of approx. ₹14,840.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2019-02-05. Investors can verify status using PAN card or application number.
Chalet Hotels Limited shares are scheduled to list on NSE and BSE on 2019-02-07.