Pride Hotels IPO Details
MAINBOARD
Pride Hotels IPO DRHP (Draft Red Herring Prospectus) has been SEBI Approval Received.
Offer for Sale consists of 3,92,39,446 shares (aggregating up to ₹0.00 Cr.).
The Lead Managers for Pride Hotels IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Motilal Oswal Investment Advisors Ltd, Jm Financial Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Pride Hotels Limited DRHP.
Pride Hotels IPO Details
Pride Hotels IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
To be announced | |||
Pride Hotels IPO Reservation
Promoter Holding
Documents
Pride Hotels IPO Valuations
Pride Hotels Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 893.30 | 769.87 | 615.91 |
| Total Income | 319.26 | 284.62 | 249.14 |
| Profit After Tax | 83.51 | 66.03 | 37.66 |
| EBITDA | 150.26 | 133.33 | 97.10 |
| NET Worth | 417.61 | 335.65 | 269.62 |
| Reserves and Surplus | 438.01 | 356.05 | 290.02 |
| Total Borrowing | 65.14 | 83.18 | 115.66 |
| Amount in ₹ Crore | |||
About Pride Hotels IPO
Incorporated in 1983, Pride Hotels Ltd is an Indian hospitality brand that owns, develops, operates, and manages hotels under the "Pride Hotels and Resorts" brand name. The company operates through two models:
- Owned Hotels– 7 properties with 1,136 rooms
- Managed Hotels– 27 properties with 1,587 rooms
Its portfolio covers 34 hotels and resorts with 2,723 rooms across 32 cities in India. Among family-promoted hotel groups, it is among the fourth largest domestic chain, and the sixth largest in India in terms of owned inventory in upscale, upper midscale, and midscale segments (as of June 30, 2025).
The company operates under the four sub-brands:
- Pride Plaza – Upscale hotels in major cities like Delhi, Ahmedabad, Jaipur, Kolkata.
- Pride Premier – Upper midscale hotels in regional hubs like Nagpur, Pune, Indore, Udaipur, Mussoorie.
- Pride Elite – Midscale hotels for leisure travelers in scenic locations like Haridwar, Dwarka, Daman.
- Biznotel by Pride – Midscale hotels for business travelers in cities like Surat, Vadodara, Bharuch.
The hotel caters to business, leisure, and pilgrim travel. Additionally, the company also earns revenue from F&B outlets, banquets, spas, fitness centers, retail (Pride Mart), and event services. It operates 50+ restaurants and bars, along with 90 banquet halls covering 350,000 sq. ft., supporting weddings, conferences, and social functions.
Its customer base include major corporates (e.g., SpiceJet, Zydus, Power Grid, Adani, Air India) and top travel platforms (MakeMyTrip, Booking.com, Cleartrip).
Competitive strengths
- Pan-India presence with strategically located and diversified portfolio of hotels and resorts
- Full-service customized properties
- Brand legacy and portfolio, with a focus on local Indian customs and traditions
- Asset light business model
- Focus on operational efficiencies and active asset management
- Promoters supported by an experienced management team
Strength Of Pride Hotels IPO
Risk Of Pride Hotels IPO
Objectives Pride Hotels IPO
1. Funding capital expenditure towards renovation of existing hotels
2. Repayment and prepayment in full of part of certain borrowings
3. General corporate purposes
Company Contact Details
Pride Hotels Ltd.
Asset 5A, Hospitality District, Delhi Aerocity
Indira Gandhi International Airport
Delhi, New Delhi, 110037
Phone: +91 22 4037 2414
Email: cs@pridehotel.com
Website: http://www.pridehotel.com/
Registrar Contact Details
Pride Hotels IPO - FAQs
The Pride Hotels IPO is a MAINBOARD public issue comprising 0 equity shares with a face value of ₹5 each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is 0 shares.
The IPO opens for subscription on TBA, and closes on TBA.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at TBA.