Chalet Hotels IPO

Chalet Hotels IPOChalet Hotels IPO overview - Chalet Hotels is an owner, developer and asset manager of high-end hotels in key metro cities in India. Its hotel platform comprises five operating hotels, including a hotel with a co-located serviced residence, located in the Mumbai Metropolitan Region, Hyderabad and Bengaluru, representing 2,328 keys, as of 31 March 2018.

Its hotels are branded with globally recognized hospitality brands and are in the luxury-upper upscale and upscale hotel segments, according to the Horwath Report. The company’s hotel platform emphasizes strategic locations, efficient design and development, appropriate positioning in hotel segments together with branding and operational tie-ups with leading hospitality companies. In addition, it has developed commercial and retail spaces, in close proximity to certain of its hotels.

The company generally develops its hotels in strategic, high density locations on large land parcels, allowing it to situate a greater number of rooms, as well as provide a wide range of amenities, such as, fine dining and specialty restaurants, large banquet and outdoor spaces.

Chalet Hotels promoters - Ravi C Raheja, Neel C Raheja, K Raheja Corp Private Limited, K Raheja Private Limited, Ivory Properties and Hotels Private Limited, Genext Hardware & Parks Private Limited, Touchstone Properties and Hotels Private Limited, Cape Trading LLP, Capstan Trading LLP, Casa Maria Properties LLP, Anbee Constructions LLP, Palm Shelter Estate Development LLP, Raghukool Estate Development LLP and Ivory Property Trust
Chalet Hotels - Upcoming IPO details
Subscription Dates 29 - 31 January 2019
Price Band INR275 - 280 per share
Fresh issue INR950 crore
Offer For Sale 24,685,000 shares (INR678.84 - 691.18 crore)
Total IPO size INR1,628.84 - 1,641.18 crore
Minimum bid (lot size) 53 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
Objects of the issue
  • Repayment/prepayment of certain indebtedness - INR720 crore
  • General corporate purposes
  • Issue expenses
Chalet Hotels IPO Review

Chalet Hotels IPO Review: Should you invest?

Chalet Hotels' financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018 H1 FY2019
Total revenues 516.7 467.1 597.6 924.5 929.5 497.0
Total expenses 362.7 377.3 441.7 493.7 579.4 363.1
Profit after tax -99.4 -126.4 -112.5 127.4 31.2 -43.7
Net margin (%) -19.2 -27.1 -18.8 13.8 3.4 -8.8
Chalet Hotels Contact Details

Chalet Hotels Limited 
Raheja Tower, Plot No.C-30, Block ‘G’
Next to Bank of Baroda, Bandra Kurla Complex
Bandra (East), Mumbai 400051

Phone: +91 22 26564000
Email: [email protected]
Website: www.chalethotels.com

Registrar of Chalet Hotels IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
 [email protected]
Website: www.karvyfintech.com

Valuation of Chalet Hotels (FY2018)

Earnings Per Share (EPS): INR1.82

Price/Earnings (P/E) ratio: 151.10 - 153.85

Return on Net Worth (RONW): 6.20%

Net Asset Value (NAV): INR29.36 per share

Chalet Hotels IPO Subscription Details
Category Shares offered Subscription (no. of times)
Day 1 Day 2 Day 3
QIB 11,711,444 0.01 0.63 4.66
NII 8,884,569 0.30 0.46 1.10
Retail 20,730,659 0.00 0.01 0.03
Total 41,326,672 0.07 0.28 1.56
Chalet Hotels IPO Allotment Status

Chalet Hotels IPO allotment status is now available on Karvy website. Click on this link to get allotment status.

Listing Performance of Chalet Hotels

IPO Opening Date: 29 January 2019

IPO Closing Date: 31 January 2019

Finalisation of Basis of Allotment: 5 February 2019

Initiation of refunds: 6 February 2019

Transfer of shares to demat accounts: 6 February 2019

Listing Date: 7 February 2019

Listing Price on NSE: INR294 per share (up 5% from IPO price)

Closing Price on NSE: INR291.7 per share (up 4.2% from IPO price)

Chalet Hotels IPO
4.1 (81.11%) 18 vote[s]

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