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Market, bankers pin hope on Chalet Hotels for breaking lull in IPO launches

Market participants said that 5 to 6 issues will hit the market if Chalet Hotels' IPO is successful and if there are no negative surprises in the Interim Budget on Feb 1

Topics
Ipos  |  Ipo Market  |  Market Volatility

Sundar Sethuraman  |  Mumbai 

Investment bankers are pinning hopes on Chalet Hotels' Rs 1,641-crore initial public offering (IPO) to break the lull in the primary market. Since October, not a single company has come out with an IPO. The share sale of the K Raheja Corp-promoted firm will open next week.

It has priced its shares in the range of Rs 275-280. The IPO comprises of a fresh issue of Rs 950 crore and offer for sale of 24.6 million shares. At the upper end of the price band, the issue size works out to Rs 1,641 crore, making it the biggest IPO in six months. "This, in many ways, ...

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First Published: Fri, January 25 2019. 22:22 IST
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