Strong occupancy rates and muted increase in new rooms to keep the demand-supply scenario favourable for the next 5 years; top listed players to benefit more
However, according to industry estimates, there is a shortage of close to 100,000 rooms across different categories
Deal will be the first acquisition by the K Raheja Group company
Chalet is also developing two office towers in Mumbai and Bengaluru
Chalet Hotels was the first major IPO to hit the market in nearly four months
The portion reserved for institutional investors was subscribed 4.6 times, and the high networth individuals (HNI) portion subscribed 1.11 times
Chalet Hotels' IPO comprises a fresh issue of Rs 950 crore and an offer-for-sale of up to 2,46,85,000 equity shares
The bidding will close on January 31, 2019.
What distinguishes the company from its peers is its strong operational performance