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Home All IPOs Chalet Hotels Ltd. IPO
Chalet Hotels Ltd. IPO
NSE & BSE Bookbuilding IPO Fresh Capital-cum-Offer for Sale Closed Live Chart
GMP +₹0 +0% Est. Listing ₹280
Issue Price
₹280
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹280
GMP based
Lot Size
53
shares / lot
Min Amount
₹14,840
1 lot · 53 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
29 Jan 2019
Tue Completed
Done
Close Date
31 Jan 2019
Thu Completed
Done
Allotment
05 Feb 2019
Tue Completed
Done
Refund
06 Feb 2019
Wed Completed
Done
Demat Credit
07 Feb 2019
Thu Completed
Done
Listing Date
07 Feb 2019
Thu Completed
UPI Deadline: 31 Jan 2019
Issue Details
Pricing & Size
Issue Price
₹280 Face ₹10
Lot Size
53 shares
Min Investment
₹14,840
Total Issue Size
5,86,13,571 shares (aggregating up to ₹1,641.18 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital-cum-Offer for Sale
Listing Exchange
NSE & BSE
Script / Ticker
-
Allocation Breakdown
Market Maker
-
QIB Portion
2,93,06,785 (50.00%)
NII / HNI
87,92,036 (15.00%)
Retail
2,05,14,750 (35.00%)
Employee
-
Net Offer to Public
-
Shareholding Pattern
Pre-Issue Shareholding
17,10,95,293 shares
Post-Issue Shareholding
20,50,23,864 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 53 ₹14,840
HNI / NII 14 742 ₹2,07,760
bHNI / bNII 68 3,604 ₹10,09,120
Objects of Issue
2 objectives
1
1 Repayment/prepayment of certain indebtedness
720.00 Cr
2
2 General corporate purposes.
196.13 Cr
Lead Managers & Market Maker
Book Running Lead Managers
Axis Capital Ltd.
JM Financial Ltd.
Morgan Stanley India Co.Pvt.Ltd.
IPO Timeline
Open
29 Jan
✓ Done
Close
31 Jan
✓ Done
Allotment
05 Feb
✓ Done
Listing
07 Feb
✓ Done
Registrar Details
Kfin Technologies Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
04067162222, 04079611000
Email
einward.ris@karvy.com
Company Contact
Email
investorrelations@chalethotels.com
Phone
+91 22 26564000
Address
Raheja Tower, Plot No.C-30, Block 'G', Next to Bank of Baroda, Bandra Kurla Complex, Bandra (East), Mumbai 400051 Bandra, Maharashtra
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹280
Est. Listing
₹280
Lot Size
53 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Chalet Hotels Ltd. LIVE
INR ·
vs Issue
Open
High
Low
Mkt Cap
P/E
52W H
52W L
Vol
Div
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| Price
Market Reference
IPO Issue Price
₹280
GMP
+₹0 (+0%)
GMP Est. Listing
₹280
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 2,93,06,785 (50.00%) ₹82,059.00 Cr
NII / HNI (Total) 87,92,036 (15.00%) ₹24,617.70 Cr
Retail Investors 2,05,14,750 (35.00%) ₹57,441.30 Cr
Total ** 5,86,13,571 (100.00%) ₹1,641,179.99 Cr
* Based on ₹280.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
2,93,06,785 (50.00%)
NII
87,92,036 (15.00%)
Retail
2,05,14,750 (35.00%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in Crore
Metric30-Sep-1831-Mar-1831-Mar-17
Revenue497.04929.51924.54
PAT-43.6731.16127.44
EBITDA
Net Worth
Total Assets3738.823830.043737.99
Reserves
Borrowings
About Chalet Hotels Ltd.

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 Highlights
  • International 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-city
  • Active asset manager model
  • EBITDA CAGR double-digit growth
  • RoCe ratio positive
  • Valuation ratios comparable to Indian Hotels (Taj) in terms of Price to Book Value or EV/ EBITDA and P/E lower than that of Lemon Tree
  • Demand (FY18-22: 12%) growth outpacing supply growth (FY18-22: 7%)
  • Occupancies have reached 75% for Chalet portfolio - ARR growth to follow
  • Chalet EBIDTA (FY18) at 41% Vs industry (All India 5 star Deluxe Average) is at 34%
  • Highest return on capital - Lower per room construction cost
    • JW Sahar built at Rs 1.4 Crs per key (1,100 sq ft per key)
    • Most hotels are built at the higher cost (average of 1,500 - 2,000 sq ft per key)
  • Renovation cost of Rs 15 lacs per key at Renaissance Vs others at over Rs 1 cr per key
  • Consolidated land spend Rs 208 crs vs others much higher
  • Returns to key investors:
    • HDFC returns (1999 - 2012) - IRR 14.46%
    • IDFC returns (2012 - 2015) - IRR 12.73%
    • Shoppers stop returns: (Since IPO) - 7.9%
  • Annualized EBIDTA
    • FY20 - Rs 500 Crs
    • FY22 - Rs 700 Crs

 

Competitive Strengths of the Company

1. Luxury upscale properties located in major metro cities
2. Part of K. Raheja Corp group
3. An active asset management model

Frequently Asked Questions
What is the issue price of Chalet Hotels Ltd. IPO?
The issue price of Chalet Hotels Ltd. IPO is ₹280 per share, face value ₹10.
What is the lot size?
Minimum lot size is 53 shares, requiring ₹14,840.
What are the IPO dates?
Opens 29 Jan 2019, closes 31 Jan 2019.
When is the listing date?
Tentative listing: 07 Feb 2019 on NSE & BSE.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹280 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Chalet Hotels Ltd. IPO · Expected 05 Feb 2019

Check on Registrar
Post-IPO Timeline
Allotment Date
05 Feb 2019
Refund Initiation
06 Feb 2019
Demat Credit
07 Feb 2019
Listing Date
07 Feb 2019
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹280
Face ₹10
Lot Size
53
shares / lot
Min Amount
₹14,840
1 lot
Est. Listing
₹280
GMP +₹0
Key Dates
Open
29 Jan Done
Close
31 Jan Done
Listing
07 Feb Done
Registrar
Kfin Technologies Ltd.
A
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