Chalet Hotels sets price band at Rs275-280 per; IPO opens today

The equity shares are proposed to be listed on BSE and NSE.

Jan 29, 2019 06:01 IST India Infoline News Service

Chalet Hotels IPO
Chalet Hotels Ltd (the Company), an owner, developer and asset manager of high-end hotels in key metro cities in India, allotted 1.75 lakh equity shares at Rs280 per equity share (upper end of the Price Band) aggregating to Rs492.35cr as part of the anchor investor allotment prior to opening of the IPO.

The company proposes to open its initial public offering (IPO) on January 29, 2019.  The Bid/Offer Period will close on January 31, 2019.

The price band for the offer is from Rs275 to Rs280 per Equity Share. Bids can be made for a minimum lot of 53 equity shares and in multiples of 53 equity shares thereafter.

The equity shares are proposed to be listed on BSE and NSE.

The Book Running Lead Managers (BRLMs) to the Offer are JM Financial Limited, Axis Capital Limited and Morgan Stanley India Company Private Limited.

The IPO consists of equity shares of Face Value of Rs10 each (equity shares) of the company aggregating up to Rs950cr (Fresh Issue) and an offer for sale of upto 24,685,000 equity shares (the offered shares). 

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