Chalet Hotels Ltd.
Part of the K. Raheja Corp, Chalet Hotels Limited (CHL) is an owner, developer and asset manager of high-end hotels in key metro cities in India.
The Company’s hotel platform comprises five operating hotels including a hotel with a co-located serviced residence, located in the key Indian cities of Mumbai, Hyderabad and Bengaluru, representing 2,328 keys as of March 31, 2018.
All the hotels are branded with globally recognized brands, such as, JW Marriott, Westin, Marriott, Marriott Executive Apartments, Renaissance and Four Points by Sheraton, which are held by Marriott Hotels India Private Limited and its affiliates. The four hotels properties and a serviced residence which are managed by third parties are JW Marriott Hotel Mumbai Sahar, Bengaluru Marriott Hotel Whitefield, The Westin Hyderabad Mindspace, Renaissance Mumbai Convention Center Hotel and Marriott Executive Apartments.
Key statistics:
6 Hotels
2,328 Keys
6 Brands
3 Cities
The Company’s hotel platform comprises five operating hotels including a hotel with a co-located serviced residence, located in the key Indian cities of Mumbai, Hyderabad and Bengaluru, representing 2,328 keys as of March 31, 2018.
All the hotels are branded with globally recognized brands, such as, JW Marriott, Westin, Marriott, Marriott Executive Apartments, Renaissance and Four Points by Sheraton, which are held by Marriott Hotels India Private Limited and its affiliates. The four hotels properties and a serviced residence which are managed by third parties are JW Marriott Hotel Mumbai Sahar, Bengaluru Marriott Hotel Whitefield, The Westin Hyderabad Mindspace, Renaissance Mumbai Convention Center Hotel and Marriott Executive Apartments.
Key statistics:
6 Hotels
2,328 Keys
6 Brands
3 Cities
It reported Revenue of Rs9.3bn for FY18, growth of 0.5% YoY. PAT reported in FY18 at Rs311.6mn v/s Rs1.3bn in FY17
Website: Click here
Management:
Issue Details:
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Name
|
Designation
|
|---|---|
Hetal Gandhi
|
Chairman
|
Ravi C Raheja
|
Promoter
|
Neel C Raheja
|
Promoter
|
Sanjay Sethi
|
Managing Director & CEO
|
Rajeev Newar
|
Chief Financial Officer
|
IPO Snapshot:
Particulars
|
Details
|
|---|---|
| Dates | 29-Jan-2019 to 31-Jan-2019 |
| Face Value | Rs10/share |
Price Band
|
Rs275 - Rs280/share
|
Discount
|
Nil
|
Bid lot
|
53 shares and multiples
|
| Listing | NSE & BSE |
Mode of Payment
|
ASBA (Mandatory)
|
Issue Details:
| Issue Size | Rs16,418mn |
| QIB | 50% |
| NIB | 15% |
| Retail | 35% |
| Lead Managers | JM financial Ltd Axis Capital Ltd Morgan Stanley India Company Pvt. Ltd. |
Registrar: Karvy Computershare Pvt. Ltd.
Allotment Status: Check Allotment status
Allotment Status: Check Allotment status
Go to Karvy Website
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