Prestige Hospitality Ventures IPO Date, Review, Price and Key Information

Prestige Hospitality Ventures Limited IPO is fully book build issue and total IPO size is ₹2700.00 crores. The offering includes a fresh issue worth ₹1700.00 crores and an offer for sale of ₹1000.00 crores.

The dates for the Prestige Hospitality Ventures Limited IPO have not been announced yet. The allotment process is expected to be finalized by [.].

The Prestige Hospitality Ventures Limited IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Prestige Hospitality Ventures Limited IPO has not been announced yet.

Registrar for this IPO is Kfin Technologies Limited and lead managers for Prestige Hospitality Ventures Limited IPO are Jm Financial Limited, Clsa India Private Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹5 Per Equity Share
Total Issue Size	₹2,700.00 Crores
Fresh Issue	₹1,700.00 Crores
OFS Issue	₹1,000.00 Crores
Issue Type	Fresh Issue and Offer for Sale
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	75%
Retail	10%
NII/HNI	15%

About Prestige Hospitality Ventures Limited Company

Goa, India's premier beach destination, experienced robust tourism even during Covid-19, driven by domestic luxury travel. Comparing FY24 with FY20, the luxury segment ADR increased by 67% to ₹20,000, and market-wide ADR increased by 47%. Occupancy rose from 62% in FY20 to approximately 66% in FY23 and FY24.

A market correction occurred in CY24, but Goa's tourism sector is expected to remain positive in the medium to long term, particularly for quality upper-tier hotels and resorts. FY24 occupancy was 66% with an ADR of ₹11,000. YTD December 24 occupancy was 66%, slightly higher than the previous year, though ADR saw a marginal decline. Increased MICE and group business have positively impacted revenue.

In Bengaluru, PHVL's portfolio hotels demonstrate strong performance indices. For FY24, the Occupancy index was 1.04, the ADR index was 1.82, and the RevPAR index was 1.59, indicating performance higher than the overall market. A comparative analysis of individual PHVL hotels in Bengaluru versus their respective segments reveals varying degrees of success across occupancy, ADR, and RevPAR indices.

Prestige Hospitality Ventures Limited Financial Details

Period Ended	31 Dec 2024	31 Dec 2023	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3822.24	3135.05	3729.88	3330.17	3114.38
Revenue
Profit After Tax
Net Worth	639.33	623.31	686.67	642.60	418.83
Reserves and Surplus	612.18	602.56	662.05	624.69	408.42
Total Borrowing	2037.08	1794.31	1752.80	1818.29	1733.37

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
6.24

Offer Objectives

The company's equity shareholding structure reveals that Prestige Estates Projects Limited held 100% of the pre-offer equity share capital as of the Draft Red Herring Prospectus date, amounting to 28.81 crore equity shares. This includes shares beneficially held by certain individuals on behalf of Prestige Estates Projects Limited.

Prior to the DRHP, Prestige Exora Business Parks Limited held 65 lakh (0.65 crore) shares, representing 2.26% of the pre-offer equity. The build-up of the Promoter's equity shareholding since incorporation is detailed, including allotments, transfers, sub-divisions, rights issues, and bonus issues. A significant bonus issue on April 4, 2025, increased the share capital substantially.

Regarding lock-in provisions, 20% of the fully diluted post-offer equity share capital held by the Promoter will be locked in for three years as the minimum promoter's contribution, and the remainder will be locked in for one year. Additionally, the entire pre-offer equity share capital will be locked in for six months, with exceptions for employee stock options and shares held by VCFs, Category I/II AIFs, or FVCIs, who have a lock-in of six months from the date of purchase. 50% of equity shares allotted to Anchor Investors shall be locked-in for 90 days and the remaining Equity Shares allotted shall be locked-in for 30 days.

The objects of the offer include repayment/prepayment of outstanding borrowings (₹ 1121.276 crore) and accrued interest of the Company and its Material Subsidiaries, namely, Sai Chakra Hotels Private Limited (₹ 397.248 crore) and Northland Holding Company Private Limited (₹ 724.028 crore). It is also for pursuing inorganic growth through unidentified acquisitions and other strategic initiatives along with general corporate purposes.