IPO Trending
CHALETEQ / NSE, BSEListed
Chalet Hotels

Incorporated in 1986, Mumbai-based Chalet Hotels Limited is engaged in owning, developing, and managing high-end hotels in major metro cities across India and is part of the K. Raheja Corp group. Its hotels operate under global brands such as JW Marriott, Westin, Marriott, and Marriott Executive Apartments, with five properties in the Mumbai Metropolitan Region, Hyderabad, and Bengaluru. The company reported total revenue of ₹9,295.14 million in 2018, growing at a CAGR of 14.83% between 2014 and 2018. Chalet Hotels follows an active asset management model, maintains high occupancies (~75%), and achieves strong EBITDA margins (41% in FY18 vs 34% industry average). The company benefits from strategic international tie-ups, cost-efficient construction and renovation, and high returns on capital, with investor IRRs ranging from 7.9% to 14.46% across key partnerships. EBITDA projections indicate growth from ₹500 Cr in FY20 to ₹700 Cr in FY22.

₹275 - ₹280Open
Listed Price₹294.00
Listing Gain+5.00%

IPO Schedule & Timeline

Bookbuilding IPO
Open29 Jan 2019
Close31 Jan 2019
Allotment05 Feb 2019
Listing07 Feb 2019

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB2,93,06,785 shares
50%
HNI87,92,036 shares
15%
Retail2,05,14,750 shares
35%

Minimum Application Lots

Retail1 Lot (53 shares)
₹14,840
sHNI14 Lots (742 shares)
₹2,07,760
bHNI68 Lots (3,604 shares)
₹10,09,120

Company Promoters

Mr. Ravi C. RahejaMr. Neel C. RahejaK Raheja Corp Private LimitedK Raheja Private LimitedIvory Properties and Hotels Private LimitedGenext Hardware & Parks Private LimitedTouchstone Properties and Hotels Private LimitedCape Trading LLPCapstan Trading LLPCasa Maria Properties LLPAnbee Constructions LLPPalm Shelter Estate Development LLPRaghukool Estate Development LLPIvory Property Trust

Company Background

Incorporated in 1986, Mumbai-based Chalet Hotels Limited is engaged in owning, developing, and managing high-end hotels in major metro cities across India and is part of the K. Raheja Corp group. Its hotels operate under global brands such as JW Marriott, Westin, Marriott, and Marriott Executive Apartments, with five properties in the Mumbai Metropolitan Reg...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-18)₹4970.43 Cr
Growth+6.4%
Revenue Trend (₹ in Crores)
0.03.6k7.1k10.7kMar-15Mar-16Mar-17Mar-18Sep-18
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-184,970.43-436.6937,388.220
Mar-189,295.14311.6038,300.390
Mar-179,245.371,274.3837,379.910
Mar-165,975.61-1,124.8935,529.460
Mar-154,670.55-1,263.9134,401.520

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
05 Feb 2019
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
07 Feb 2019

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Chalet Hotels. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization05 Feb 2019Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date07 Feb 2019Trading commences on exchange

How to Check Chalet Hotels Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Chalet Hotels from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About Chalet Hotels IPO

Complete issue overview for Chalet Hotels (CHALET) IPO. The issue features an equity share price band of ₹275 – ₹280 per share with a minimum retail lot size of 53 Shares (minimum application amount of ₹14,840). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions