Q1. What is the business of Pride Hotels Limited?

It is an Indian hospitality company owning, operating and managing a diversified portfolio of hotels and resorts across upscale, upper midscale and midscale segments nationwide.

Q2. Why is the company raising funds via IPO?

Pride Hotels is raising funds via IPO to renovate existing hotels, repay/prepay borrowings and support general corporate purposes to strengthen financials and growth.

Q3. What is the size of the issue and where will it list?

The issue size of the IPO comprises of a fresh issue of up to ₹260 crore and an offer for sale of ~3.92 crore equity shares. And it will be listed on the BSE & NSE platform.

Q4. What are the risks to an investor?

Risks to investing in the IPO include intense industry competition, reliance on a few hotels for revenue, and volatility from economic cycles affecting occupancy and pricing.

Q5. What are the potential upsides?

Potential upside includes strong domestic tourism demand, diversified revenue streams and a well-positioned hospitality brand with expanding footprint.

Q6. How to apply for the IPO?

You can apply to the IPO via ASBA through net banking or UPI in supported broker/demat account once the subscription window opens.

Q 7. When is the tentative listing date?

Expected listing date is yet to be announced.

Pride Hotels Limited

Upcoming

Pride Hotels Limited

Market Cap

—-

IPO Issue Size

Fresh issue ~ ₹260 crore + OFS~39,239,446 equity shares

Expected Price by IPOCorner

—–

0

IPO Score

0

*Score varies on actual price

Pride Hotels Limited is a New Delhi-headquartered hospitality company that owns, operates, and manages a diversified chain of hotels and resorts under the Pride Hotels and Resorts brand across upscale, upper-midscale, and midscale segments in India. It is one of the larger domestic hotel chains by chain-owned inventory and serves both business and leisure travelers across multiple cities. It has filed its DRHP with SEBI to launch IPO comprising a fresh issue aggregating up to ₹260 crore and offer for sale of up to 39,239,446 equity shares of face value ₹5 each.

Pride Hotels Limited was incorporated in the year 1987.Mr. Sureshchand Premchand Jain is the Managing Director of the company.
The company’s core offerings include owning, developing, operating and managing hotels and resorts across upscale, upper-midscale and midscale segments under multiple sub-brands, catering to business, leisure and pilgrimage travellers.Its portfolio spans 34 operational hotels and resorts with approximately 2,723 rooms across 32 cities in India, giving it a significant market presence as the sixth largest hotel chain by chain-owned inventory in the country.

Subscription date to apply for Pride Hotels Limited starts and closes on TBA. Price band for the IPO is TBA.

Fresh issue ~ ₹260 crore + OFS~39,239,446 equity shares

Fresh Issue

~ ₹ 260 Crore

Offer for Sale

~39,239,446 equity shares

Year	2025
Networth	₹ 417.6 Cr
Revenue	₹ 319.3 Cr
EBITDA	₹ 150.3 Cr
PAT	₹ 83.5 Cr
EBITDA Margin	~47.07%
PAT Margin	~26.16%
Face Value	Rs.05 per Equity Share

IPO Important Dates

#	Date
Open Date	TBA
Close Date	TBA
Anchor Investor Bidding	TBA
Allotment Date	TBA
Refunds& Demat Credit	TBA
Tentative Listing Date	TBA

Use Of Proceeds

Purpose	Amount
Borrowing payment	~ ₹ 40 Cr
Renovating Existing Hotels	~ ₹ 159.68 Cr
-	-
-	-
-	-
General Corporate Purpose	Balance

Financial Data

#	2023	2024	2025
Revenue (₹ Cr)	₹ 249.1	₹ 284.6	₹ 319.3
PAT (₹ Cr)	₹ 37.7	₹ 66.0	₹ 83.5
Asset (₹ Cr)	₹ 615.9	₹ 769.9	₹ 893.3
Net Worth (₹ Cr)	₹ 269.6	₹ 335.7	₹ 417.6

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
17 July	₹ –	₹ –	₹ –
16-July	₹ –	₹ –	₹ –
15-July	₹ –	₹ –	₹ –
14-July	₹ –	₹ –	₹ –
13-July	₹ –	₹ –	₹ –

Pros

Diversified hotel portfolio across upscale to midscale segments provides stable, multi-channel revenue.
Strong recent growth in revenue and profitability strengthens financial traction ahead of the IPO.
IPO proceeds will reduce debt and fund renovations, improving balance-sheet quality and asset efficiency.
Regional leadership in less-saturated markets, especially the Northeast, supports competitive positioning.
Rising domestic tourism and sector recovery enhance long-term demand visibility for the brand.

Cons

Revenue concentration in a few owned hotels exposes the business to location-specific risk.
High dependence on food, beverage, and banquet income subjects margins to volatile input costs.
Strong competition from larger domestic and global hotel chains pressures occupancy and pricing.
Heavy reliance on OTAs and travel intermediaries increases commission expenses and reduces direct control.
Renovation related delays, cost overruns, and broader economic cycles can adversely affect performance.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Kopra Estate Pvt Ltd	~13.07%
ASP Enterprises Pvt Ltd	~12.20%
Pride Plaza (I) Pvt Ltd	~11.94%
The Executive Inn Ltd	-
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	–	1	–	₹ –
Retail (Max)	–	13	–	₹ –
HNI (Min)	–	14	–	₹ –
HNI (Max)	–	66	–	₹ –
Big HNI (Min)	–	67	–	₹ –

Key Performance Index (KPI)

ROE	00
ROCE	00
RoNW	00

Lead / Book Running Lead Managers

Motilal Oswal Investment Advisors Limited ,JM Financial Limited

Registrar (RTA)

KFin Technologies Limited

Q1. What is the business of Pride Hotels Limited?

It is an Indian hospitality company owning, operating and managing a diversified portfolio of hotels and resorts across upscale, upper midscale and midscale segments nationwide.
Q2. Why is the company raising funds via IPO?

Pride Hotels is raising funds via IPO to renovate existing hotels, repay/prepay borrowings and support general corporate purposes to strengthen financials and growth.
Q3. What is the size of the issue and where will it list?

The issue size of the IPO comprises of a fresh issue of up to ₹260 crore and an offer for sale of ~3.92 crore equity shares. And it will be listed on the BSE & NSE platform.
Q4. What are the risks to an investor?

Risks to investing in the IPO include intense industry competition, reliance on a few hotels for revenue, and volatility from economic cycles affecting occupancy and pricing.
Q5. What are the potential upsides?

Potential upside includes strong domestic tourism demand, diversified revenue streams and a well-positioned hospitality brand with expanding footprint.
Q6. How to apply for the IPO?

You can apply to the IPO via ASBA through net banking or UPI in supported broker/demat account once the subscription window opens.
Q 7. When is the tentative listing date?

Expected listing date is yet to be announced.