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Open
29 Jan 2019
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Close
31 Jan 2019
3
Allotment
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Listing
Thu, Feb 7, 2019
Price Band
₹275 to ₹280
Issue Size
5,86,13,571 shares (agg. up to ₹1,641 Cr)
Lot Size
53 Shares
Listing Date
Thu, Feb 7, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.41x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2018 | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|---|
| Assets | 3,756.40 | 3,825.24 | 3,742.55 | 3,559.70 |
| Total Income | 498.20 | 918.53 | 924.53 | 596.48 |
| Profit After Tax | -41.63 | 23.18 | 130.14 | -113.11 |
| EBITDA | 135.66 | 339.50 | 430.94 | 155.13 |
| NET Worth | 467.44 | 502.37 | 471.17 | 521.21 |
| Reserves and Surplus | 319.40 | 201.60 | 296.34 | 1,178.54 |
| Total Borrowing | 2,569.89 | 2,699.67 | 2,611.70 | 2,331.15 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Lemon Tree Hotels Ltd. | Mainboard | ₹1,038.68 Cr | ₹56 | null | ₹71.65 | +27.95% | ₹114.12 (+0.09%) |
| Mac Hotels Ltd. | SME | ₹1.94 Cr | ₹24 | null | ₹25.80 | +7.50% | ₹84.00 (-9.48%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment of certain indebtedness | 720.00 |
| 2 | General corporate purposes. | 196.13 |
About Chalet Hotels IPO
Incorporated in 1986, Mumbai based Chalet Hotels Limited is a company engaged in the business of owning, developing and asset management of high-end hotels in major metro cities across India. It is a part of K. Raheja Corp group which is a leading business group in the country. The company's hotels are currently branded with global hospitality brands such as JW Marriott, Westin, Marriott, Marriott Executive Apartments etc. Its hotel platform includes 5 operating hotels located in the Mumbai Metropolitan Region, Hyderabad and Bengaluru. The total revenue of the company was Rs 9,295.14 million for 2018, and the total revenue grew at a CAGR of 14.83% between 2014 and 2018. Chalet Hotels Key HighlightsInternational tie-ups with Marriott and relationships. The Chalet Hotels was the first partner in India for Marriott 20 yrs ago.Locations of the cities and location within micro-cityActive asset manager modelEBITDA CAGR double-digit growthRoCe ratio positiveValuation ratios comparable to Indian Hotels (Taj) in terms of Price to Book Value or EV/ EBITDA and P/E lower than that of Lemon TreeDemand (FY18-22: 12%) growth outpacing supply growth (FY18-22: 7%)Occupancies have reached 75% for Ch
Contact Details
Chalet Hotels Ltd. AddressRaheja Tower, Plot No.C-30, Block 'G'Next to Bank of Baroda, Bandra Kurla ComplexBandra (East)Mumbai, Maharashtra, 400051+91 22 26564000investorrelations@chalethotels.comVisit Website