Chalet Hotels stock to list today

The public offer, which was opened for subscription from January 29 to January 31, was oversubscribed 1.57 times.

Feb 07, 2019 02:02 IST India Infoline News Service

Chalet Hotels Ltd, an owner, developer and asset manager of high-end hotels in key metro cities in India, will be listed on the stock bourses on Thursday.

The public offer, which was opened for subscription from January 29 to January 31, was oversubscribed 1.57 times.

The qualified institutional buyers (QIBs) category was subscribed 4.66 times. The non-institutional investors category was subscribed 1.10 times. The retail individual investors (RIIs) category was subscribed 0.03 times.

The price band for the offer is from Rs275 to Rs280 per equity share. 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.

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