What is the issue type for Chalet Hotels Ltd.?

This IPO consists of an offer for sale of up to Rs 691.2 crore, of 24,685,000 shares. It also consists of a fresh issue of Rs 950.0 crore.

Who are the promoters of Chalet Hotels Ltd.?

The promoters of the company are Neel C Raheja and K Raheja Corp Pvt Ltd.

What is the allocation for each category of investors in Chalet Hotels Ltd.?

The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.

What is the price band of the Chalet Hotels Ltd. issue?

The price band of the IPO is Rs 275.0 - 280.0.

When does the Chalet Hotels Ltd. IPO open?

The IPO application opens on Jan 29, 2019 and closes on Jan 31, 2019.

What is the lot size for the Chalet Hotels Ltd. IPO?

The minimum lot size for the IPO is 53. The maximum lot size for the IPO is 689.

What is the minimum and maximum application amount for Chalet Hotels Ltd.’s issue?

For all category investors, the minimum application amount for this IPO is Rs. 14,840.0, the maximum value for this IPO is Rs 192,920.0.

When will the shares of Chalet Hotels Ltd. IPO be allotted?

This IPO will be allotted on Feb 05, 2019.

If I am not allotted shares in Chalet Hotels Ltd. IPO, when will my money be refunded?

The refund will be credited to your account on Feb 06, 2019.

If I get allotted shares in Chalet Hotels Ltd.’s IPO, when will they be credited to my demat account?

The allotted shares will be credited to your demat on Feb 07, 2019.

When was the listing date for Chalet Hotels Ltd.?

Chalet Hotels Ltd.’s shares listed on the stock exchanges on Feb 07, 2019.

Chalet Hotels Ltd. IPO: Check Allotment Status, Subscription & Listing Date

Bidding Dates
29 Jan 2019 - 31 Jan 2019

Subscription
1.57x Oversubscribed

Minimum Investment	Minimum Lot	Maximum Lot	Lot Size	Number of Shares	Issue Price Band	Post Issue Promoter Holding %	Issue Size	IPO Document
₹14,840	1	13	53	58.6 M	₹275 - ₹280	71.41 %	₹16,118.7 M - ₹16,411.8 M	RHP DOC

Total1.57x

Retail Individual Investor0.03x

HNI (NII) Investors1.1x

Qualified Institutional Buyers4.66x

Chalet Hotels IPO overall subscription rate was 1.57 times the total available shares

Chalet Hotels IPO retail subscription rate was 0.03 times in the retail segment

Chalet Hotels IPO non-institutional investor subscription rate was 1.1 times in the non-institutional investor category

Chalet Hotels IPO Qualified Institutional Bidder subscription rate was 4.66 times the available shares for Qualified Institutional Bidder

Day	Retail Individual Investor	HNI (NII) Investors	Qualified Institutional Buyers
Category Reservation	35%	15%	50%
31 Jan 2019 (Day 3)	0.03x	1.1x	4.66x
30 Jan 2019 (Day 2)	0.01x	0.47x	0.63x
29 Jan 2019 (Day 1)	0x	0.3x	0.01x

Chalet Hotels FINANCIALS

Period	Net Profit (Rs in millions)	Revenue from operations (Rs in millions)	Cash Flow from operations (Rs in millions)	Free Cash flow (Rs in millions)
6MFY19	-436.7	4,698.7	1,486.9	1,371.1
FY18	311.6	8,737.8	2,489.1	1,880.0
FY17	1,274.4	7,058.8	2,012.2	873.3
FY16	-1,124.9	5,729.4	793.4	-976.1
FY15	-1,263.9	4,405.6	-123.0	-3,314.9
FY 14	-993.8	4,576.2	932.8	-1,960.2

Chalet Hotels IPO SUBSCRIPTION STATUS DETAILS

Chalet Hotels had 58.6 M shares on offer

Chalet Hotels IPO offer price was in the range ₹275 - ₹280

Chalet Hotels IPO minimum Investment was ₹14840

Chalet Hotels IPO issue size was ₹ 16,118.7 M - ₹ 16,411.8 M

Chalet Hotels had a minimum lot size of 53 Shares per application

Chalet Hotels NUMBER OF SHARES ON OFFER

Total58.6 M

Fresh Issue33.9 M

Offer for Sale24.7 M

Post Issue Promoter Holding %71.41 %

Chalet Hotels IPO IMPORTANT DATES

Issue Open Date	29 Jan 2019
Issue close Date	31 Jan 2019
Allotment Date	05 Feb 2019
Refund Date	06 Feb 2019
Demat Account Credit Date	07 Feb 2019
Listing Date	07 Feb 2019
Listing on Exchange(s)	NSE and BSE
Chalet Hotels Allotment Status	Exchange

Chalet Hotels IPO subscription opened on 29 Jan 2019, and closed on 31 Jan 2019

IPO allotment for Chalet Hotels was finalized on Tuesday, 05 Feb 2019

IPO listing for Chalet Hotels was on NSE and BSE on Thursday, 07 Feb 2019

Chalet Hotels IPO LISTING GAINS

Issue Price (adjusted)	280.0
Listing Open Price	291.0
Listing Close Price	290.4
Listing Gain%	3.9%
Current Gain%	214.8%

Chalet Hotels Peer

Stock	Stock Price	Market Cap (Rs crore)	PE TTM	PEG TTM	PS TTM	ROE%	ROA%	Annual Revenue (Rs crore)	Annual Revenue Growth %	Annual Net Profit (Rs crore)	Annual Net Profit Growth %	EPS TTM	EPS TTM Growth %
Chalet Hotels Ltd.	881.4	18069.8	36.5	0.4	8.1	17.4	8.8	2812.4	60.3	645.1	352.5	24.1	85.3
Indian Hotels Company Ltd.	726.8	103455.1	48.2	5	10.4	16	10.3	9971.4	16.4	2084.4	9.3	15.1	9.7
ITC Hotels Ltd.	161.9	33724.8	39	1.5	7.9	7	6	4331.3	19.4	816.9	28.7	4.1	26.9
EIH Ltd.	294.7	18429.5	25.9	5.8	6.1	11.9	9.6	3105.7	7.9	628.3	-15	11.4	4.5
Leela Palaces Hotels & Resorts Ltd.	546.2	18239.1	41.2	0.2	11.4	6.3	4.5	1597.8	13.6	403.1	742.9	13.3	236.8
Ventive Hospitality Ltd.	565	13196.3	27.5	0.2	5.3	7.7	4	2666.1	59.4	425.6	253.8	20.5	134

Revenue Mix

Quarterly

Annual

Balance Sheet

Ratios

Cash Flow

Chalet Hotels annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history

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POSITIVE
Annual Revenue Chalet Hotels Mar-2026 Annual Revenue is Rs 2,639 Cr which is growth of 56.9% YoY.
POSITIVE
Annual Net Profit Chalet Hotels Mar-2026 Annual Net Profit is Rs 665 Cr which is growth of 287.8% YoY.

Chalet Hotels Ltd., Annual, standalone, All financials are in INR Cr and price data in INR
Indicator	CAGR 3 Yrs	CAGR 5 Yrs	TTM	Mar '26	Mar '25	Mar '24	Mar '23	Mar '22	Mar '21	Mar '20	Mar '19	Mar '18	Mar '17	Mar '16
SR_A Total Rev. Ann. ⌄	30.8%	54%	2,235.9	2,639.4	1,681.7	1,418.7	1,179.4	501.5	305	1,003.8	1,030.8	840.3	899	596.5
TotalOperatingRevenues_A Operating Rev. Ann.	31.6%	55.3%	2,167.6	2,570.2	1,626.6	1,391.6	1,128.5	480.8	284.3	976.5	987.2	815.6	711.8	572.9
OI_A Other Income Ann.	10.8%	27.3%	68.2	69.2	55.2	27.1	50.9	20.7	20.7	27.2	43.6	24.7	187.2	23.5
OEXPNS_A Operating Exp. Ann.	29.3%	40%	1,184.9	1,454.8	917.5	821.1	673.3	383.6	270.3	660.8	667	550.5	490.6	441.4
OEXPNS_A Operating Exp. Ann.	29.3%	40%	1,184.9	1,454.8	917.5	821.1	673.3	383.6	270.3	660.8	667	550.5	490.6	441.4
OP_A Operating Profit Ann.	34.8%	140%	982.7	1,115.4	709.1	570.5	455.2	97.2	14	315.8	320.1	265.1	221.2	131.6
OPMPCT_A OPM Ann. %	3.1%	55.8%		42.26%	42.17%	40.21%	38.59%	19.38%	4.60%	31.46%	31.06%	31.55%	24.60%	22.06%
TotalExpenses_A Total Exp. Ann. ⌄	23.9%	28%		1,795.7	1,211.7	1,150.2	944.4	632.7	522.9	916.8	1,047.6	871.4	833	755.9
OtherExpenses_A Other Exp. Ann.	18.2%	34.6%	693.1	618.2	548.9	480.7	374.5	193.8	140.1	374.5	365.9	320.9	265.4	230
EmployeeBenefitExpenses_A Employee Exp. Ann.	18.3%	24%	253	250.4	215.1	190	151.1	93.9	85.5	150.8	144.8	129.6	118.8	106.7
CostOfPowerPurchased_A Cost Of Power Purchased Ann.	-	-	81.8
CostOfFuel_A Cost Of Fuel Ann.	-	-
EBIDT_A EBITDA Ann.	32.8%	102.5%		1,184.6	764.3	597.6	506.1	117.9	34.8	343	363.7	289.8	408.4	155.1
EBIDTPCT_A EBITDA Ann. margin %	1.5%	31.6%		44.88%	45.44%	42.12%	42.91%	23.50%	11.39%	34.17%	35.29%	34.49%	45.42%	26.01%
INT_A Interest Ann.	1.1%	1.9%	150.3	159.1	137.1	193.3	153.8	140	145	144.6	265.2	209.3	215.4	215.7
DEP_A Depr.	15.7%	11.1%	186.3	181.9	157.2	135.8	117.3	109.1	107.6	111.4	115.4	111.6	127	98.8
PBT_A PBT Ann.	44.8%	-	703.5	842.7	470	268.5	277.3	-135.6	-222.1	82.8	-20.9	-152.8	66	-166.6
TAX_A Tax Ann.	25.6%	-	155.9	177.3	298.4	-9.8	89.5	-72	-109.3	1.2	-10.7	-52	-75.8	-53.5
PAT_A PAT Before ExtraOrdinary Items Ann. ⌄	52.5%	-		665.4	171.6	278.3	187.8	-63.6	-112.7	81.6	-10.2	-100.9	141.8	-113.1
IncomeMinorityInterest_A Minority Interest Income Ann.	-	-		-	-	-	-	-	-	-	-	-	-	-
NP_A Net Profit Ann.	52.5%	-	547.6	665.4	171.6	278.3	187.8	-70.1	-116.8	81.6	-10.2	-100.9	141.8	-113.1
NETPCT_A NPM Ann. %	15.9%	-		25.88%	10.54%	19.99%	16.63%	-14.58%	-41.08%	8.35%	-1.03%	-12.36%	19.92%	-19.74%
EPS_adj_A EPS Adj. latest Ann.	52.3%	-		30.4	7.8	12.7	8.6	-3.2	-5.3	3.7	-0.5	-4.6	6.5	-5.2
result_notes Result Notes				Notes		Notes	Notes	Notes	Notes	Notes	Notes
Annual_Reports Annual Reports

*All financials are in INR Cr and price data in INR

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Total Rev. Ann.

1Y CHG

56.9%

2Y CAGR

36.4%

3Y CAGR

30.8%

5Y CAGR

54%

7Y CAGR

14.4%

10Y CAGR

16%

Total Revenue Annual growth is higher than historical averages.

Net Profit Ann.

1Y CHG

287.8%

2Y CAGR

54.6%

3Y CAGR

52.5%

Net Profit Annual growth is higher than historical averages.

Operating Exp. Ann.

1Y CHG

58.6%

2Y CAGR

33.1%

3Y CAGR

29.3%

5Y CAGR

40%

7Y CAGR

11.8%

10Y CAGR

12.7%

Operating Expenses Annual Cr growth is higher than historical averages.

Chalet Hotels IPO Reports

Not RatedPDF

ICICI Securities Limited

15 Jul 2019

IPO SubscribePDF

ICICI Securities Limited

29 Jan 2019

IPO AvoidPDF

BP Wealth

28 Jan 2019

Chalet Hotels INFORMATION ON IPO ISSUE

About Chalet Hotels

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.

Object of the Issue

Repayment/pre-payment of certain indebtedness
General corporate purposes

Chalet Hotels - PROMOTERS

Name
Neel C Raheja
K Raheja Corp Pvt Ltd

Chalet Hotels Book Running Lead Manager

JM Financial Limited

Axis Capital Limited

Morgan Stanley India Company Private Limited

Chalet Hotels Registrar to the Offer

Karvy Computershare Private Limited

Chalet Hotels Strengths

Luxury upscale properties located in major metro cities

The company has high-end Branded Hotels Strategically Located in Key Metro Cities of India

Strength

An active asset management model

The company follows an active asset management model for four of its hotels, including a hotel with a co-located serviced residence

Strength

Chalet Hotels Risks

Rely on third parties

The company utilizes the brands of third party licensors, and rely on third parties for the quality of services at hotels

Risk

Revenues are derived from a few hotels

Significant portion of revenues are derived from a few hotels and from hotels concentrated in a few geographical regions

Risk

IPO FAQs

This IPO consists of an offer for sale of up to Rs 691.2 crore, of 24,685,000 shares. It also consists of a fresh issue of Rs 950.0 crore.
The promoters of the company are Neel C Raheja and K Raheja Corp Pvt Ltd.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 275.0 - 280.0.
The IPO application opens on Jan 29, 2019 and closes on Jan 31, 2019.
The minimum lot size for the IPO is 53. The maximum lot size for the IPO is 689.
For all category investors, the minimum application amount for this IPO is Rs. 14,840.0, the maximum value for this IPO is Rs 192,920.0.
This IPO will be allotted on Feb 05, 2019.
The refund will be credited to your account on Feb 06, 2019.
The allotted shares will be credited to your demat on Feb 07, 2019.
Chalet Hotels Ltd.’s shares listed on the stock exchanges on Feb 07, 2019.

Chalet Hotels Ltd. IPO Details

Chalet Hotels IPO SUBSCRIPTION STATUS

Chalet Hotels IPO overall subscription rate was 1.57 times the total available shares

Chalet Hotels IPO retail subscription rate was 0.03 times in the retail segment

Chalet Hotels IPO non-institutional investor subscription rate was 1.1 times in the non-institutional investor category

Chalet Hotels IPO Qualified Institutional Bidder subscription rate was 4.66 times the available shares for Qualified Institutional Bidder

Chalet Hotels FINANCIALS

Chalet Hotels IPO SUBSCRIPTION STATUS DETAILS

Chalet Hotels had 58.6 M shares on offer

Chalet Hotels IPO offer price was in the range ₹275 - ₹280

Chalet Hotels IPO minimum Investment was ₹14840

Chalet Hotels IPO issue size was ₹ 16,118.7 M - ₹ 16,411.8 M

Chalet Hotels had a minimum lot size of 53 Shares per application

Chalet Hotels NUMBER OF SHARES ON OFFER

Chalet Hotels IPO IMPORTANT DATES

Chalet Hotels IPO subscription opened on 29 Jan 2019, and closed on 31 Jan 2019

IPO allotment for Chalet Hotels was finalized on Tuesday, 05 Feb 2019

IPO listing for Chalet Hotels was on NSE and BSE on Thursday, 07 Feb 2019

Chalet Hotels IPO LISTING GAINS

Chalet Hotels Peer

Chalet Hotels - Annual

Chalet Hotels annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history

Annual Revenue Chalet Hotels Mar-2026 Annual Revenue is Rs 2,639 Cr which is growth of 56.9% YoY.

Annual Net Profit Chalet Hotels Mar-2026 Annual Net Profit is Rs 665 Cr which is growth of 287.8% YoY.

Chalet Hotels IPO Reports

Chalet Hotels INFORMATION ON IPO ISSUE

About Chalet Hotels

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.

Object of the Issue

Chalet Hotels - PROMOTERS

Chalet Hotels Book Running Lead Manager

JM Financial Limited

Axis Capital Limited

Morgan Stanley India Company Private Limited

Chalet Hotels Registrar to the Offer

Karvy Computershare Private Limited

Chalet Hotels Strengths

Luxury upscale properties located in major metro cities

An active asset management model

Chalet Hotels Risks

Rely on third parties

Revenues are derived from a few hotels

IPO FAQs

What is the issue type for Chalet Hotels Ltd.?⌃

This IPO consists of an offer for sale of up to Rs 691.2 crore, of 24,685,000 shares. It also consists of a fresh issue of Rs 950.0 crore.

Who are the promoters of Chalet Hotels Ltd.?⌃

The promoters of the company are Neel C Raheja and K Raheja Corp Pvt Ltd.

What is the allocation for each category of investors in Chalet Hotels Ltd.?⌃

The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.

What is the price band of the Chalet Hotels Ltd. issue?⌃

The price band of the IPO is Rs 275.0 - 280.0.

When does the Chalet Hotels Ltd. IPO open?⌃

The IPO application opens on Jan 29, 2019 and closes on Jan 31, 2019.

What is the lot size for the Chalet Hotels Ltd. IPO?⌃

The minimum lot size for the IPO is 53. The maximum lot size for the IPO is 689.

What is the minimum and maximum application amount for Chalet Hotels Ltd.’s issue?⌃

For all category investors, the minimum application amount for this IPO is Rs. 14,840.0, the maximum value for this IPO is Rs 192,920.0.

When will the shares of Chalet Hotels Ltd. IPO be allotted?⌃

This IPO will be allotted on Feb 05, 2019.

If I am not allotted shares in Chalet Hotels Ltd. IPO, when will my money be refunded?⌃

The refund will be credited to your account on Feb 06, 2019.

If I get allotted shares in Chalet Hotels Ltd.’s IPO, when will they be credited to my demat account?⌃

The allotted shares will be credited to your demat on Feb 07, 2019.

When was the listing date for Chalet Hotels Ltd.?⌃

Chalet Hotels Ltd.’s shares listed on the stock exchanges on Feb 07, 2019.