About Prestige Hospitality Ventures IPO
The Prestige Hospitality Ventures IPO is a book-built issue, which includes a fresh issue of equity shares worth up to ₹1,700 crore and an offer for sale of equity shares worth up to ₹1,000 crore. The DRHP document of the company was filed with SEBI on April 24, 2025.
The company will announce the price band, subscription dates and listing date of the IPO later. The equity shares of the company will be listed on the BSE and the NSE platforms. The book running lead managers (BRLMs) for this issue are JM Financial Ltd., CLSA India Private Ltd., J.P. Morgan India Private Ltd. and Kotak Mahindra Capital Company Ltd.
Company Background
Prestige Hospitality Ventures Ltd. was incorporated on the 29th of December 2017 as a partnership firm under the name "M/s Prestige Hospitality Ventures" earlier in the same year. It was later changed to a public limited company in order to encompass all the hospitality ventures of the group.
The company operates its business from Bengaluru in the state of Karnataka. It is a subsidiary of Prestige Estates Projects Limited and was formed in order to handle different kinds of hospitality ventures that include hotels, resorts, and other facilities that provide luxury and other services as well.
Operations & Product Range
The main business activity carried out by Prestige Hospitality Ventures Ltd. is related to the development and operation of various kinds of properties within the hospitality industry. These services are mainly rendered to high-end business as well as leisure travelers and retail customers looking for a luxurious experience. The company is also involved in the development of integrated properties where the focal point is the hospitality property, along with other ancillary properties.
Facilities & Capacity
The operational footprint of Prestige Hospitality Ventures Ltd. is in Bengaluru. As of the end of 2024, the company had 7 operational hospitality assets in its portfolio, one asset under renovation and others in different stages of development. The company is also expanding and covering new territories through its subsidiaries. This is an indication of the company’s focus on expansion.
Brands & Market Presence
Prestige Hospitality Ventures Ltd. is a company known for its association with high-class hospitality companies such as Angsana Oasis Spa and Resort and Mulberry Shades Bengaluru Nandi Hills. The company mainly operates in the Southern region of the country and works in association with global hotel operators to ensure the maintenance of international standards in the competitive market, which is already occupied by numerous domestic and international hotel chains.
Revenue Streams & Business Model
The main source of revenue for Prestige Hospitality Ventures Ltd. is derived from its hospitality assets, which include room stays, food and beverage services, and other hospitality-related operations. It has been seen that the revenue is highly concentrated in the Bengaluru market. It has been seen that the business model is highly dependent on high occupancy levels and premium prices charged by the luxury operations, along with non-room revenue derived from its spa and resort operations.
Management & Shareholding
Prestige Hospitality Ventures Ltd. is promoted by Prestige Estates Projects Ltd. Before the Prestige Hospitality Ventures IPO, the holding of the promoter was in the majority, with small amounts being allotted to other entities and individuals during the initial subscription process, but the holding of the promoter will remain high even after the IPO, although it will be reduced because of the offer for sale component in the offer size. The management is structured in a way that it can benefit from the corporate governance skills of the parent company.
Board & Key Management
The leadership team at Prestige Hospitality Ventures Ltd. consists of Irfan Razack, who acts as the chairman and non-executive director. Other directors at the company include independent directors who are appointed in accordance with the Companies Act. At the administration level, CS Lingraj Patra and CFO Shamik Rudra are at the helm of the company’s financial strategies.
Prestige Hospitality Ventures IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 5 per share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Fresh Capital & OFS |
| Total Issue Size | [.] shares (agg. up to ₹ 2,700 Cr) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | [.] shares (agg. up to ₹ 1,700 Cr) |
| Offer for Sale | [.] shares of ₹5 (agg. up to ₹ 1,000 Cr) |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 28,81,00,000 shares |
| Share Holding Post Issue | - |
Prestige Hospitality Ventures IPO Financial Information
Latest Revenue
1,012.93
₹ Crore
Profit After Tax
67.79
₹ Crore
Net Worth
78.90
₹ Crore
Total Borrowing
1,752.80
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2024 | 3,822.24 | 1,012.93 | 67.79 | 78.90 | — | 1,752.80 | |||
| 31 Mar 2024 | 3,729.88 | 1,024.64 | 161.78 | 79.63 | — | 1,752.80 | |||
| 31 Mar 2023 | 3,330.17 | 1,049.26 | 156.20 | 81.9 | — | 1,818.29 | |||
| 31 Mar 2022 | 3,114.38 | 320.86 | 86.16 | 82.34 | — | 1,733.35 | |||
| Amount in ₹ Crore | |||||||||
Prestige Hospitality Ventures Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.34% |
| ROCE | 14.12% |
| Debt/Equity | 2.11x |
| RoNW | - |
| PAT Margin | - |
| EBITDA Margin | - |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.24 (basic) | [.] |
| P/E (x) | [.] | [.] |
IPO Objectives
Prestige Hospitality Ventures Ltd. plans to use the proceeds of the fresh issue of equity shares for certain specific purposes.
- • Repayment or prepayment, in whole or in part, of certain outstanding borrowings and interest accrued thereon.
- • Funding and support of future growth initiatives.
Conclusion
The Prestige Hospitality Ventures IPO is an important milestone for the company, as it is moving from being subsidiary-led to being a standalone company. With its diversified portfolio of premium properties, backed by the execution capabilities of the Prestige Group, the company is looking to leverage the growth opportunities in the luxury travel and development space. This issue will help the company reduce its debt as well as fund its projects.
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Competitive Strengths
The association with Prestige Group, one of India’s most renowned real estate brands with a high success rate in project execution.
The focus on luxury and integrated projects ensures diversified revenue streams and targets a resilient high-end consumer base.
By focusing on its initial assets in Bengaluru, it leverages one of India’s strongest markets for business and leisure travel.
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | SEBI/Exchange approval received | 01/08/2025 | - |
| 2 | Filed with SEBI/Exchange | 24/04/2025 | View DRHP |
Prestige Hospitality Ventures IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | — | ~₹14,000 - ₹15,000 |
| Individual investors (Retail) (Max) | 13-14 | — | Up to ₹2,00,000 |
| S-HNI (Min) | 14-15 | — | Over ₹2,00,000 |
| S-HNI (Max) | 66-70 | — | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ | — | Over ₹10,00,000 |