Chalet Hotels IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 29/01 - 31/01
Issue Size ₹950.00 Cr
Issue Price ₹275-280
Market Lot 53 Shares
Shares on Offer 24,685,000
Registrar
GMP N/A
Kostak N/A
Subject to Sauda N/A
Listing Date 08/02
Listing Price ₹291
Listing Gain% 3.93

About Chalet Hotels Limited

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.

Part of the K. Raheja Corp, Chalet Hotels Limited (CHL) is an owner, developer and asset manager of high-end hotels in key metro cities in India. The Company’s hotel platform comprises five operating hotels including a hotel with a co-located serviced residence, located in the key Indian cities of Mumbai, Hyderabad and Bengaluru, representing 2,328 keys as of March 31, 2018. All the hotels are branded with globally recognized brands, such as, JW Marriott, Westin, Marriott, Marriott Executive Apartments, Renaissance and Four Points by Sheraton, which are held by Marriott Hotels India Private Limited and its affiliates. The four hotels properties and a serviced residence which are managed by third parties are JW Marriott Hotel Mumbai Sahar, Bengaluru Marriott Hotel Whitefield, The Westin Hyderabad Mindspace, Renaissance Mumbai Convention Center Hotel and Marriott Executive Apartments.

In addition, it has developed commercial and retail spaces, in close proximity to certain of its hotels. CHL generally develop hotels 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. The company endeavor to build hotels to superior standards targeting the luxury-upper upscale and upscale hotel segments at an efficient gross built up area and development cost per key.

Its hotels are currently branded with global brands such as JW Marriott, Westin, Marriott, Marriott Executive Apartments, Renaissance and Four Points by Sheraton which are held by Marriott Hotels India Private Limited and its affiliates (collectively Marriott). CHL also determines, by detailed financial and operational analysis, whether hotel operations should be undertaken directly or by engaging third party hotel operators. Currently, company's hotel at Vashi, Navi Mumbai, is operated by it under a license agreement with Marriott, and four of hotels, including serviced residence, are operated pursuant to hotel operation and related agreements with Marriott.

Company Financials

Particulars 30-Sep-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Total Assets (In ₹ Millions) 37,388.22 38,300.39 37,379.91 35,529.46 34,401.52
Total Revenue (In ₹ Millions) 4,970.43 9,295.14 9,245.37 5,875.61 4,670.55
Profit After Tax (PAT) (In ₹ Millions) -436.69 311.60 1274.38 -1124.89 -1263.91

Chalet Hotels Limited IPO Reviews

  • Rating: 
  • Recommendation:
  • We do not recommend subscription of Chalet Hotels Limited IPO.

Subscription Details

Date & Time QIB NII RII Total
Day 1 - Jan 29,2019 0.01 0.30 0.00 0.07
Day 2 - Jan 30,2019 0.63 0.47 0.01 0.28
Day 3 - Jan 31,2019 4.66 1.10 0.03 1.57

Allotment Status

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IPO Allotment Status

Chalet Hotels Limited IPO FAQs

  1. When will Chalet Hotels Limited IPO open?

    Chalet Hotels Limited IPO will open on 29/01 and close on 31/01.

  2. What is the listing date of Chalet Hotels Limited IPO?

    Chalet Hotels Limited IPO will list on 08/02.

  3. What is the offer price of Chalet Hotels Limited IPO?

    The offer price of Chalet Hotels Limited IPO is ₹275-280.

  4. What is the lot size of Chalet Hotels Limited IPO?

    The lot size of Chalet Hotels Limited IPO is 53.

  5. What is the Grey Market Premium (GMP) price of Chalet Hotels Limited IPO?

    The Grey Market Premium (GMP) price of Chalet Hotels Limited IPO is Not Available at the moment.

  6. What is the Kostak price of Chalet Hotels Limited IPO?

    The Kostak price of Chalet Hotels Limited IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for Chalet Hotels Limited IPO?

    The Subject to Sauda price for Chalet Hotels Limited IPO is Not Available at the moment.

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