Last updated on January 3rd, 2026 at 04:30 pm
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.
Pride Hotel operates 34 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.
Pride Hotels has filed DRHP to raise funds via IPO which is completely a Fresh issue of ₹ 260 Crore & Offer for Sale (OFS) of 39,239,446 equity shares.
Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.
| Issue Size: | ₹260 Cr + 39,239,446 Shares (OFS) |
| Fresh Issue: | ₹ 260 Crore |
| Offer for Sale: | 39,239,446 Shares |
| Price Range: | TBA |
| Lot Size: | TBA |
Pride Hotels Limited important data points
Revenue, PAT, EBITDA
| Year | Fiscal 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: | ₹ 05 per Eq. Share |
IPO important dates
| 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 |
| Technology & Infrastructure | – |
Pride Hotels Financial Data
| 2023 | 2024 | 2025 | |
| Revenue (₹ Cr) | ₹ 249.1 | ₹ 284.6 | ₹ 319.3 |
| Profit (₹ Cr) | ₹ 37.7 | ₹ 66.0 | ₹ 83.5 |
| Asset (₹ Cr) | ₹ 615.9 | ₹ 769.9 | ₹ 893.3 |
| Net Worth (₹ Cr) | ₹ 269.6 | ₹ 335.7 | ₹ 417.6 |
Pride Hotels IPO Grey Market Premium
| Date | IPO Price | IPO GMP | Profit per lot |
| 31-Dec | ₹ – | ₹ – | ₹ – |
| 30-Dec | ₹ – | ₹ – | ₹ – |
| 29-Dec | ₹ – | ₹ – | ₹ – |
| 28-Dec | ₹ – | ₹ – | ₹ – |
| 27-Dec | ₹ – | ₹ – | ₹ – |
Pride Hotels Limited Promoters – Pre offer equity (Approx)
| Kopra Estate Pvt Ltd | ~13.07% |
| ASP Enterprises Pvt Ltd | ~12.20% |
| Pride Plaza (I) Pvt Ltd | ~11.94% |
| The Executive Inn Ltd | ~11.93% |
Pride Hotels Limited IPO Pros & Cons
Strengths:
- 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.
Risks:
- 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.
Pride Hotels Limited Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | – | 1 | – | ₹ – |
| Retail (Max) | – | 13 | – | ₹ – |
| Small HNI (Min) | – | 14 | – | ₹ – |
| Small HNI (Max) | – | 66 | – | ₹ – |
| Big HNI (Min) | – | 67 | – | ₹ – |
Lead Managers / Registrars of Pride Hotels Limited
| Lead / Book Running Lead Managers | Motilal Oswal Investment Advisors Limited, JM Financial Limited |
| Registrar (RTA) | KFin Technologies Limited |
Founding Year of Pride Hotels Limited & Managing Director
Pride Hotels Limited was incorporated in the year 1987.
Mr. Sureshchand Premchand Jain is the Managing Director of the company.
Pride Hotels Limited FAQ
- Q1. What is the business of Pride Hotels Limited?
Last updated on January 3rd, 2026 at 04:30 pm
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?
Last updated on January 3rd, 2026 at 04:30 pm
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?
Last updated on January 3rd, 2026 at 04:30 pm
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?
Last updated on January 3rd, 2026 at 04:30 pm
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?
Last updated on January 3rd, 2026 at 04:30 pm
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?
Last updated on January 3rd, 2026 at 04:30 pm
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?
Last updated on January 3rd, 2026 at 04:30 pm
Expected listing date is yet to be announced.
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