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.
Competitive Strengths of the Company
1. Luxury upscale properties located in major metro cities
2. Part of K. Raheja Corp group
3. An active asset management model
The Promoters of the company are Ravi C Raheja, Neel C Raheja and K Raheja Corp Pvt Ltd. The Promoters hold, in the aggregate, 171,095,293 Equity Shares which constitutes 100.00 % of the Company's pre-Offer paid-up Equity Share capital.
K Raheja Corp was incorporated in 1979and is primarily engaged in the business Hotels and real estate.
|Particulars||For the year/period ended (in Rs. Million)|
|Profit After Tax||-436.69||311.60||1,274.38||-1,124.89||-1,263.91|
The Issue consists of a fresh issue and an Offer for Sale. The Company will not receive any proceeds from the Offer for Sale and all such proceeds will go to the Selling Shareholder.
The objects of the fresh Issue are-
1. Repayment/pre-payment of certain indebtedness
2. General corporate purposes
|Issue Open||Jan 29, 2019 - Jan 31, 2019|
|Issue Type||Book Built Issue IPO|
|Issue Size||58,613,571 Eq Shares of Rs 10 |
(aggregating up to Rs 1,641.18 Cr)
|Fresh Issue||[.] Eq Shares of Rs 10 |
(aggregating up to Rs 950.00 Cr)
|Offer for Sale||24,685,000 Eq Shares of Rs 10 |
(aggregating up to Rs [.] Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 275 - Rs 280 Per Equity Share|
|Market Lot||53 Shares|
|Min Order Quantity||53 Shares|
|Listing At||BSE, NSE|
|Bid/Offer Opens On||Jan 29, 2019|
|Bid/Offer Closes On||Jan 31, 2019|
|Finalisation of Basis of Allotment||Feb 5, 2019|
|Initiation of Refunds||Feb 6, 2019|
|Credit of Shares to Demat Acct:||Feb 7, 2019|
|IPO Shares Listing Date:||Feb 8, 2019|
|Pre Issue Share Holding||100% (171,095,293 Equity Shares)|
|Post Issue Share Holding||At least 10% of the post-Offer paid-up Equity Shar|
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