About Pride Hotels IPO
The Pride Hotels IPO is a book-built issue comprising a fresh issue worth up to ₹260 crore and an offer for sale of 3.92 crore equity shares of ₹5 each. The company filed DRHP with SEBI on Sep 30, 2025.
The price band and official dates of subscription opening/closing and listing date will be announced by the company later, but the equity shares are proposed to be listed on the BSE and the NSE. The book running lead manager of this issue is Motilal Oswal Investment Advisor Ltd. and JM Financial Ltd., while the registrar to the issue is KFin Technologies Ltd.
Company Background
Pride Hotels Ltd. was formed as a private limited company in Mumbai on February 1, 1983. Later, it was changed to a public limited company in June 2007. The company’s journey into the hotel industry began in 1987 with the opening of its first hotel in Pune, Maharashtra. Today, the company has its registered office located at Delhi Aerocity, New Delhi and a corporate office in Mumbai. The company has been working in the market for over 3 decades and has grown from being a single hotel company to a multi-brand hospitality company.
Operations and Product Range
The Pride Hotels Ltd. provides hospitality that develops, operates and manages a diversified chain of hotels and resorts under the “Pride Hotels and Resorts” brand. The company operates on two different models of business:
- • Direct ownership of the hotel properties (including through group companies) and
- • Hotel management agreements with third-party owners of the hotel properties.
The service offerings include hotel accommodations, food and beverage services, banquet facilities and other hospitality services.
Facilities and Capacity
Pride Hotels Ltd. has a total of 34 hotels and resorts with a total key count of 2,723, comprising 7 "Owned Hotels" with a total key count of 1,136 (major hubs in Delhi, Ahmedabad, Jaipur, Kolkata and Nagpur) and a larger "Managed Portfolio" of 27 hotels with a total key count of 1,587. The group is constantly upgrading these properties through renovation and refurbishment works.
Brands and Market Presence
The market presence of the "Pride" brand is very well-known in the Indian hospitality industry, having won many awards like "India’s Top Notch Luxury Hotel to Watch, 2024" from Corporate Connect. Pride Hotels Ltd. has a strong presence in India, keeping in mind the Indian traditions and customs; along with this, they also have a multinational chain of hotels in the regions. They also have a loyalty program called Pride Privilege.
Revenue Streams and Business Model
Pride Hotels Ltd. generates revenue primarily via room rentals and food and beverage operations. Contribution from the food and beverage segment in fiscal 2025 is approx. ₹86.9 crores, which is 28.44% of the total revenue from operations. The business model of the company includes asset ownership as well as management contracts, which generate multiple revenue streams.
Management and Shareholding
The promoters of Pride Hotels Ltd. manage all decision-making of the company with their years of experience and strategic decisions. Before the Pride Hotels IPO, the promoters and promoter group held approximately 98.95% of the equity share capital, but after the IPO, the promoters will see a dilution of stake through the fresh issue and the sale of shares by existing promoters in the OFS.
Board and Key Management
The board and key management of Pride Hotels Ltd., led by S.P. Jain (Managing Director), ensuring leadership continuity in view of the company’s multi-decade existence and then CEO Satyen S. Jain (also a Director), constitute the leadership team that is pushing the current operations and growth plans. CS Sonali Bapardekar and CFO Jiten Kataria are handling financial strategy.
Pride Hotels IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 5 per Equity Share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | 100 % Book Built Offer |
| Total Issue Size | - |
| Fresh Issue(Ex Market Maker) | ₹ 2,600.00 million (₹260 Crore) |
| Offer for Sale | Up to 3,92,39,446 Equity Shares |
| Issue Type | Fresh Issue and Offer for Sale |
| Listing At | BSE and NSE |
| Share Holding Pre Issue | 18,55,91,970 shares |
Pride Hotels IPO Financial Information
Latest Revenue
319.26
₹ Crore
Profit After Tax
85.60
₹ Crore
Net Worth
656.97
₹ Crore
Total Borrowing
113.29
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 893.30 | 319.26 | 85.60 | 656.97 | 626.04 | 113.29 | |||
| FY 2024 | 769.87 | 284.62 | 68.21 | 527.60 | 496.67 | 133.39 | |||
| FY 2023 | 615.91 | 249.14 | 43.15 | 358.75 | 327.82 | 164.22 | |||
| Amount in ₹ Crore | |||||||||
Pride Hotels Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 12.71% |
| ROCE | 19.18% |
| Debt/Equity | 0.04x |
| RoNW | 20% |
| PAT Margin | 26.16% |
| EBITDA Margin | 47.07% |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ₹4.50* | [.] |
| P/E (x) | [.] | [.] |
IPO Objectives
The company intends to use the net proceeds from the fresh issue of the Pride Hotels IPO for specific purposes:
- • Repayment of certain borrowings (in part or in full)
- • General corporate purposes
Conclusion
Pride Hotels IPO is a chance for investors to invest in a well-known brand that enters the market with a strong track record and a clear multi-brand strategy that encompasses the entire spectrum of the Indian hospitality industry. This issue aims to capitalize on this existing brand equity and scale of operations. Although the company is expanding its operations into the managed side and embracing a circular business model across all segments indicates its commitment to execution.
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Competitive Strengths
A legacy with the name "Pride," a brand identity that has over 30 years of experience in Indian hospitality.
A multi-brand business strategy that caters to the upscale to midscale segments, which enables the company to meet the diverse demands of customers.
Key assets are located in high-demand locations such as Delhi Aerocity.
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 30/09/2025 | View DRHP |
| 2 | SEBI/Exchange approval received | - | - |
Pride Hotels 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 |