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Prestige Hospitality Ventures Limited

Offer Period :

-

Prestige Hospitality Ventures Limited IPO Details

IPO Date - Minimum Investment ₹ / Lots
Listing Date Maximum Investment ₹ / Lots
Face Value ₹0 per share Total Issue Size ₹0 Crores
Price ₹0 to ₹0 per share Fresh Issue ₹0 Crores
Lot Size 1 Lots (0 Shares) Offer For Sale ₹ [-]
Listing At Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 288100000 Shares
Issue Type Shareholding Post Issue 0 Shares
IPO Date -
Listing Date
Face Value ₹0 per share
Price ₹0 to ₹0 per share
Lot Size 1 Lots (0 Shares)
Listing At
Total Issue Size ₹0 Crores
Employee Discount ₹0 per share
Issue Type
Minimum Investment ₹ / Lots
Maximum Investment ₹ / Lots
Fresh Issue ₹0 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 288100000 Shares
Shareholding Post Issue 0 Shares

About Prestige Hospitality Ventures Limited IPO

Founding Head:

Managing Director: Omar Bin Jung

Prestige Hospitality Ventures Limited Timeline

Important dates for allocation and IPO listing.

-

IPO Opens

-

IPO Close

-

Allotment Date

-

Initiation of Refund

-

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 0 0
Public Group 0 0

Prestige Hospitality Ventures Limited IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 0(0%)
Retail Shares Offered 0(0%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 0
Total Shares With Anchor Investor 0

Prestige Hospitality Ventures Limited IPO Lot Size

Application Lots Shares Amount
Retail (Min) [-] [-] ₹[-]
Retail (Max) [-] [-] ₹[-]
S HNI (Min) [-] [-] ₹[-]
S HNI (Max) [-] [-] ₹[-]
B HNI (MIN) [-] [-] ₹[-]

Prestige Hospitality Ventures Limited IPO Anchor Investor Details

Bid Date
Shares Offered
Anchor Portion Size

Prestige Hospitality Ventures Limited IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222/18003094001
Email Id einward.ris@kfintech.com
Our Website www.kfintech.com

Prestige Hospitality Ventures Limited IPO Lead Manager

1. JM Financial Ltd

2. CLSA India Pvt Ltd

3. J.P. Morgan India Pvt Ltd

4. Kotak Mahindra Capital Company Ltd

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Financial Information

Period Ended March 31, March 31, March 31,
Net Worth
Reserves and Surplus
Total Borrowing

Prestige Hospitality Ventures Limited IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 0 0 0
Non Institutional Investors (NIIs) 0 0 0
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 0 0 0
Retail Individual Investors (RIIs) 0 0 0
Total 0 0 0

Strength of Prestige Hospitality Ventures Limited

1. Portfolio of luxury, upper upscale and upper midscale Hospitality Assets in key business and leisure locations.

2. Demonstrated execution track record and active asset management capabilities.

3. Longstanding and established relationship with leading global hotel operators.

4. Diversified revenue streams.

5. Robust pipeline of Hospitality Assets in high-demand markets.

6. Strong Promoter with 38 years of experience in the real estate industry and experienced senior management team.

Risks Involved

1. We rely extensively on Marriott International for our Hospitality Assets operations. Five out of seven of our Operating Hospitality Assets are operated by Marriott International with revenue from sale of hospitality services of Hospitality Assets operated by Marriott International contributing to 69.12% and 63.26% of our total revenue from sale of hospitality services for the nine months ended December 31, 2024 and Fiscal Year 2024. Further, all three Ongoing Hospitality Assets and all nine Upcoming Hospitality Assets are to be operated by Marriott International. If agreements entered into with Marriott International (including the Acquisition Transaction Agreements) are not novated or assigned in our name, terminated, not renewed or modified in such a way as to be detrimental to us, or if there is any negative development with respect to Marriott International and its associate brands, our business, cash flows, results of operations and financial condition may be materially adversely affected.

2. Our business operations and total income are heavily dependent on the hospitality industry in India (total revenue from sale of hospitality services contributed to 65.42% and 77.66% of total income for the nine months ended December 31, 2024 and Fiscal 2024, respectively). Adverse developments in the hospitality industry may adversely affect our business, cash flows, results of operations, financial condition and prospects.

3. All of our Operating Hospitality Assets are located in Bengaluru, Karnataka. Any adverse developments affecting Bengaluru or our inability to complete our ongoing and upcoming projects in new markets could have an adverse effect on our business, cash flows, results of operations, financial condition and prospects.

4. Revenue from three out of our seven Operating Hospitality Assets (namely Sheraton Grand, JW Marriott Golfshire and Conrad, Bengaluru, Karnataka) in aggregate contributed to 79.30% and 77.68% of total revenue from sale of hospitality services for the nine months ended December 31, 2024 and Fiscal Year 2024. Any disruption in these Hospitality Assets would adversely affect our business, cash flows, results of operations, financial condition and prospects.

5. A significant portion of our total income is derived from operations that we do not intend to focus on going forward. If we fail to successfully diversify and expand our hospitality services' revenue base, our business, cash flows, results of operations, financial condition and prospects may be adversely affected.

6. Our Company acquired and is in the process of acquiring certain Hospitality Assets pursuant to binding agreements in Fiscal 2025 under the Acquisition Transactions. However certain formalities (including novating and/or assigning relevant hotel operators services agreements) and closing actions in relation to certain acquisitions are pending and sale deeds for certain Ongoing Acquisition Transactions are not executed as on the date of this Draft Red Herring Prospectus. In addition, our Company does not have an operating history by which our overall performance consolidating all our Portfolio may be evaluated.

7. The ROFO and ROFP Deed we entered into with our Promoter is subject to various terms and conditions. There is no assurance that we will be able to successfully complete future acquisitions under the ROFO and ROFP Deed or other arrangements. Further, any of our acquisitions in the future may be subject to acquisition related risks.

8. Statements in this Draft Red Herring Prospectus such as "Expected Keys", "estimated completion" or in relation to keys of Ongoing Hospitality Assets, Upcoming Hospitality Assets and Hospitality Assets under renovation are based on management estimates and/or as per terms under the relevant hotel operators services agreements and have not been independently appraised.

9. Conflicts of interest may arise out of common business objective shared by our Promoter, our Company, other Promoter Group entities and entities in which our Directors have interests.

10. We are dependent on our Promoter, PEPL, in various aspects of our business. Any negative publicity of, or adverse change in our relationship with, our Promoter and other companies in the Promoter Group could have an adverse impact on us.

Why should you invest in

-

Prestige Hospitality Ventures Limited Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 3729.88 3330.17 3114.38
Total Liabilities 3729.88 3330.17 3114.38
Total Expenses 784.83 847.22 424.89
Total Revenue 
1024.64 1049.26 320.86
Profit After Tax 157.16 148.7 -86.67
EBITDA 508.41 468.3 75.42
Adjusted EBITDA 0 0 0

Prestige Hospitality Ventures Limited IPO Contact Details

Prestige Hospitality Ventures Limited IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
0 -
INE0K2C01026
₹0 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹0 ₹0
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Frequently Asked Questions

What is Prestige Hospitality Ventures Limited IPO?

Answer Field

Prestige Hospitality Ventures Limited IPO is a IPO of [-] equity shares of a face value of ₹[-] aggregating up to ₹[-] Crores. The issue is priced at ₹[-] to ₹[-] per share. The minimum order quantity is [-] Shares. The IPO opens on [-], and closes on [-]. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on .

When Prestige Hospitality Ventures Limited IPO will open?

Answer Field

The Prestige Hospitality Ventures Limited IPO opens on [-] and closes on [-].

What is the lot size of Prestige Hospitality Ventures Limited?

Answer Field

Prestige Hospitality Ventures Limited lot size is [-] shares, and the minimum amount required is ₹[-].

How to apply for Prestige Hospitality Ventures Limited IPO?

Answer Field

You can apply in Prestige Hospitality Ventures Limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Prestige Hospitality Ventures Limited IPO allotment?

Answer Field

The finalization of Basis of Allotment for Prestige Hospitality Ventures Limited IPO will be done on [-], and the allotted shares will be credited to your demat account by [-].

When is Prestige Hospitality Ventures Limited IPO listing date?

Answer Field

The Prestige Hospitality Ventures Limited listing date is [-].

Who is the registrar of Prestige Hospitality Ventures Limited IPO?

Answer Field

The registrar of Prestige Hospitality Ventures Limited IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

JM Financial Ltd,CLSA India Pvt Ltd,J.P. Morgan India Pvt Ltd,Kotak Mahindra Capital Company Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Prestige Hospitality Ventures Limited IPO?

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to Prestige Hospitality Ventures Limited?

Answer Field

Retail investors can subscribe to a minimum of one lot, [-] shares and ₹[-] amount.

How can I approve the UPI mandate request for Prestige Hospitality Ventures Limited IPO?

Answer Field

To apply for Prestige Hospitality Ventures Limited IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Prestige Hospitality Ventures Limited?

Answer Field

The price of each Prestige Hospitality Ventures Limited share will be ranging in between ₹[-] to ₹[-] per share.

What is the cut-off time for the UPI mandate for Prestige Hospitality Ventures Limited IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, [-].

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