Pind Hospitality IPO
Updated 22 Sept 2026, 1:50 pm.
Minimum investment (Individual investors (IND))
₹2,37,600
2 lots · 2,400 shares at the upper price band
Price band
₹93–99
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹16.92 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹93–99
- Issue size
- ₹16.92 Cr
- Lot size
- 1,200
- Opens
- 28 Sept 2026
- Closes
- 30 Sept 2026
- Allotment
- 1 Oct 2026
- Listing
- 6 Oct 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Bigshare Services Pvt.Ltd.
- Minimum investment
- ₹2,37,600 (2 lots · 2,400 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Listing at
- BSE SME
- Refunds
- 5 Oct 2026
- Shares credited
- 5 Oct 2026
- Promoter holding
- 84.72% before · 59.3% after
- Lead managers
- Fedex Securities Pvt.Ltd.
Offer documents & links
Full issue details
Details as published for this issue, read 22 Sept 2026, 2:05 pm. Verify against the RHP before applying.
IPO Details
| IPO Date | 28 to 30 Sep, 2026 |
|---|---|
| Listing Date | Tue, Oct 6, 2026 T |
| Face Value | ₹ 10 per share |
| Price Band | ₹93 to ₹99 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,00,000 shares (agg. up to ₹ 18 Cr) |
|---|---|
| Reserved for Market Maker | 91,200 shares (agg. up to ₹ 0.9029 Cr) Bhansali Value Creations Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 17,08,800 shares (agg. up to ₹ 17 Cr) |
| Net Offered to Public | 17,08,800 shares (agg. up to ₹ 17 Cr) |
| Share Holding Pre Issue | 41,98,812 shares |
| Share Holding Post Issue | 59,98,812 shares |
IPO Timetable (Tentative)
- IPO Open
- Mon, Sep 28, 2026
- IPO Close
- Wed, Sep 30, 2026
- Allotment
- Thu, Oct 1, 2026
- Refund
- Mon, Oct 5, 2026
- Credit of Shares
- Mon, Oct 5, 2026
- Listing
- Tue, Oct 6, 2026
Issue Reservation
- QIB1.00%
- NII (HNI)46.93%
- Retail47.00%
- Market Maker5.07%
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 18,000 | 1.05% | 1.00% |
| NII (HNI) | 8,44,800 | 49.44% | 46.93% |
| - bNII > ₹10L | 5,62,800 | — | 31.27% |
| - sNII < ₹10L | 2,82,000 | — | 15.67% |
| Retail | 8,46,000 | 49.51% | 47.00% |
| Firm Reservations | |||
| Market Maker | 91,200 | — | 5.07% |
| Total | 18,00,000 | 100.00% | 100.00% |
Pind Hospitality IPO comprises a total issue size of 18,00,000 shares. The net offer to the public is 17,08,800 shares, after excluding 91,200 shares allotted on a firm basis. Of the Net offer 18,000 (1.05%) are allocated to QIB , 8,44,800 (49.44%) allocated to NII 8,46,000 (49.51%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2400 | ₹2,37,600 |
| Individual investors (IND) (Max) | 2 | 2400 | ₹2,37,600 |
| S-HNI (Min) | 3 | 3600 | ₹3,56,400 |
| S-HNI (Max) | 8 | 9600 | ₹9,50,400 |
| B-HNI (Min) | 9 | 10800 | ₹10,69,200 |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
IPO Subscription Details
About Pind Hospitality Ltd.
Incorporated in June 15, 2021, Pind Hospitality Limited is engaged in the hospitality sector, specifically in hotels and restaurants. The company has completed over 5 lakh deliveries and is recognized as one of the long-standing restaurant partners in Pune by third-party food delivery apps.
Services:
Restaurants: The company, along with its partnership firm Pind Punjab, operates six restaurants in Pune, Maharashtra, with no permanent closures since 2016.
Delivery: The company serves customers through third-party food delivery apps, its own mobile app, online bookings, and phone orders. It also offers mobile pre-ordering for pick-up within a 6 km radius.
Outdoor Catering: The company also offers outdoor catering services for special events and workplace canteens, with revenue of 528.61 lakhs, ₹ 125.37 lakhs and ₹ 64.38 lakhs in the Fiscal 2026, Fiscal 2025 and Fiscal 2024 in recent periods.
Advertising Strategy: The company targets middle and upper-middle-class consumers through advertising focused on fresh, affordable food. It uses various media, including internet, print, direct marketing, and social media, to increase brand awareness.
The Company have taken four (4) restaurants on leave and license basis in Pune, Maharashtra ("PHL Restaurants") and one (1) restaurants are taken on leave and license basis by Pind Punjab in Pune, Maharashtra
The company sources raw materials from local and organized vendors to meet safety and quality standards, including perishable items like dairy, vegetables, and meat. Restaurants undergo routine audits for FSSAI compliance.
As of March 31, 2026, the company had 135 staff, who formed a part of the central functions including finance, human resources and administration.
Competitive Strengths:
Experienced Promoters, management team and dedicated staff
Attractive offerings at competitive prices based on constant menu innovation and customer focus.
Strong on-line presence
Strategic locations
Strong financial position and profitability
Company Financials (Restated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 37.72 | 28.33 | 26.04 |
| Total Income | 24.91 | 23.17 | 20.87 |
| Profit After Tax | 2.27 | 2.56 | 2.21 |
| EBITDA | 3.95 | 3.69 | 3.10 |
| NET Worth | 14.52 | 12.25 | 9.69 |
| Reserves and Surplus | 10.32 | 8.05 | 5.49 |
| Total Borrowing | 12.74 | — | — |
| Amount in ₹ Crore |
Pind Hospitality Ltd.'s revenue increased by 8% and profit after tax (PAT) dropped by 11% between the financial year ending with March 31, 2026 and March 31, 2025.
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IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding towards capital expenditure for setting up a hotel-cum-banquet hall in Lonavala, Maharashtra (Haveli Project | 12.70 |
| 2 | General Corporate Purposes | — |
| Total | 12.70 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 15.65% |
| ROCE | 15.83% |
| Debt/Equity | 0.88 |
| RoNW | 15.65% |
| PAT Margin | 9.30% |
| EBITDA Margin | 16.14% |
| NAV | 34.59 |
| Price to Book Value | 4.29 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.41 | 3.79 |
| P/E (x) | 18.3 | 26.12 |
| Market Cap at Offer Price | ₹41.57 Cr. | ₹59.39 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
Pre IPO
- Promoter and Promoter Group84.72%
- Public15.28%
Post IPO
- Promoter and Promoter Group59.3%
- Public40.70%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 84.72% | 59.3% |
| Public | 15.28% | 40.70% |
| Total | 100% | 100% |
Company Promoters: Nimish Parveen Malhotra, Chirag Parveen Malhotra and Anita Malhotra.
Pind Hospitality IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Registrar
Bigshare Services Pvt.Ltd.
8657578989/8069219065/8069219060
ipo@bigshareonline.com
IPO Lead Manager(s)
Fedex Securities Pvt.Ltd.
Contact Details
Pind Hospitality Ltd. Address
Plot no. 5,
Sairung Woods, Hinjewadi Phase 2,
Mulshi,
Pune, Maharashtra , 411057
+91 84373 76655
investor@pindhospitalitylimited.com
Pind Hospitality IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Pind Hospitality: common questions
Answered from this issue's own record.
