Pind Hospitality IPO
smelistedAbout the company
Pind Hospitality operates a hybrid restaurant and food-delivery business under the Pind Punjab brand. Its menu is focused on North Indian and Punjabi cuisine and includes vegetarian and non-vegetarian thalis, a la carte items, meal combos and selected Chinese and Thai dishes. The company serves dine-in and takeaway customers, accepts orders through third-party delivery apps, its own application, online and telephone channels, and also serves corporate bulk and outdoor-catering requirements. The group has five restaurants in Pune on leave-and-licence premises: four licensed to the company and one to the Pind Punjab partnership. The partnership operated three restaurants, while the company operated Eleven West (Panchshil), Viman Nagar and a food counter in a Pune IT park. Orders are served through multiple food-delivery apps reported at 4.31 lakh in FY26 and revenue from third-party food-delivery apps to ₹19.16 crore FY26. The company has no export exposure. The delivery model uses third-party end-to-end delivery as well as direct orders fulfilled by the company's own or engaged riders within its operating area. The company derives its revenue from online-platform sales, sales of raw material to a related party and outdoor-catering services. In FY26, online-platform sales contributed 78.3% of revenue and outdoor catering contributed 21.6% and no raw-material sale was reported. In FY24, the corresponding mix was 86.4%, 3.1% and 10.5%, respectively. Outdoor catering therefore increased from ₹0.64 crore in FY24 to ₹5.29 crore in FY26, while raw-material sales ceased in FY26. The company sources perishables such as dairy products, vegetables and meat from local vendors and also uses organised vendors for safety and quality requirements.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 25 Sep | ₹0 | ₹99 | 0 |
Strengths
Risks
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed28 Sept 2026Bidding starts for all investor categories
IPO Closes
Completed30 Sept 2026Last day to place your bid
Basis of Allotment
Completed01 Oct 2026Share allotment finalised
Refund Initiation
Completed05 Oct 2026Refunds credited for non-allottees
Credit to Demat
Completed05 Oct 2026Allotted shares credited to demat account
Listing on Exchange
Completed06 Oct 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1200 | ₹118,800 | 1 | ₹118,800 | 1 lot only |
| HNI | 2 | 2400 | ₹237,600 | 2 | ₹237,600 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 937,500 | 9 | 937,500 | 1.00x | 100% |
| NII | 15% | 281,250 | 2.7 | 0 | 0.00x | 100% |
| Retail | 35% | 656,250 | 6.3 | 13,125 | 0.02x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
