Business Standard

Chalet Hotels Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,641.18 cr

Price Range (₹)

280

Lot Size

53

Min Investment (₹)

14,840.00

Listing Exchange

MumbaiNSE

Open Date

29-Jan-2019

Close Date

31-Jan-2019

Listing Date

07-Feb-2019

Chalet Hotels Ltd News

    The Shares of Chalet Hotels Ltd have now been listed.

    Chalet Hotels Ltd IPO Details

    Initial public offering of 58,613,571 equity shares of face value of Rs. 10 each (the equity shares) of Chalet Hotels Limited (the company or the company or the Issuer) for cash at a price of Rs. 280 per equity share (including a share premium of Rs. 270 per equity share) (the offer price) aggregating to Rs. 1641.18 Crores (the offer) comprising a fresh issue of equity shares of 33,928,571 aggregating to Rs. 950 Crores (fresh issue) and an offer for sale of 24,685,000 equity shares (the offered shares) aggregating to Rs. 691.18 Crores, comprising an offer for sale of (i) o 5,550,000 equity shares aggregating to Rs. 155.40 Crores by Ravi C Raheja; (ii) 5,550,000 equity shares aggregating to Rs. 155.40 Crores by Neel C Raheja: (iii) 10,784,176 equity shares aggregating to Rs. 301.96 Crores by K Raheja Corp Private Limited; (iv) 800,000 equity shares aggregating to Rs. 22.40 Crores by Palm Shelter Estate Development LLP; and (v) 2,000,824 equity shares aggregating to Rs. 56.02 Crores By Ivory Properties and Hotels Private Limited (collectively the selling shareholders, and such offer for sale, the offer for sale). The offer shall Constitute 28.59% of the post-offer paid-up equity share capital of the company.The Offer Price is Rs.280 per equity share of face value of Rs.10 each.The Offer price is 28 times the face value of the equity shares.

    Objective of issue

    Repayment / Prepayment of certain Indebteness. General Corporate Purposes.

    Chalet Hotels Ltd Contact Details

    Chalet Hotels Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - investorrelations@chalethotels.com

    Website - www.chalethotels.com