Prestige Hospitality Ventures IPO
mainboardupcomingAbout the company
Prestige Hospitality Ventures owns and develops high-end hotels across India, focusing on luxury and premium properties for business and leisure travellers. The company is backed by Prestige Estates Projects Limited (PEPL), which has been in the real estate business for 38 years and had a market cap of ₹72,966 crore as of Dec 31, 2024. As of Dec 31, 2024, the company runs a portfolio of 19 hotels with ~4,000 keys. Out of these, 7 hotels with 1,445 keys are already operational, 3 hotels with 951 keys are under construction, and 9 hotels with 1,558 keys are planned for the future. It has tied up with some of the biggest names in global hospitality. Most of their hotels are managed by Marriott International under various brands like St. Regis, W Hotels, JW Marriott, Sheraton, Moxy, and Aloft. The SEBI gave its nod to the IPO of the Prestige Group company in August 2025. The IPO size is expected to be approximately ₹2,700 crore, consisting of a fresh issue of ₹1,700 crore and an offer for sale of ₹1,000 crore. The equity shares will be listed on NSE and BSE. JM Financial Limited, CLSA India Private Limited, J.P. Morgan India Private Limited, and Kotak Mahindra Capital Company Limited are the book-running lead managers, and Kfin Technologies Ltd is the registrar of the issue.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 04 Sep | ₹0 | ₹0 | -3 |
| 03 Sep | ₹3 | ₹3 | +1 |
| 02 Sep | ₹2 | ₹2 | +1 |
| 01 Sep | ₹1 | ₹1 | 0 |
| 31 Aug | ₹1 | ₹1 | 0 |
| 30 Aug | ₹1 | ₹1 | +1 |
| 29 Aug | ₹0 | ₹0 | 0 |
| 28 Aug | ₹0 | ₹0 | 0 |
Strengths
Risks
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
UpcomingTBABidding starts for all investor categories
IPO Closes
UpcomingTBALast day to place your bid
Basis of Allotment
UpcomingTBAShare allotment finalised
Refund Initiation
UpcomingTBARefunds credited for non-allottees
Credit to Demat
UpcomingTBAAllotted shares credited to demat account
Listing on Exchange
UpcomingTBAShares 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 | 1 | 0 | ₹0 | Infinity | ₹NaN | ≤ ₹2,00,000 |
| sHNI (Small HNI) | Infinity | NaN | ₹NaN | Infinity | ₹NaN | ₹2L – ₹10L |
| bHNI (Big HNI) | Infinity | NaN | ₹NaN | Infinity | ₹NaN | > ₹10L |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | NaN | NaN | NaN | 0.00x | 100% |
| NII | 15% | NaN | NaN | NaN | 0.00x | 100% |
| Retail | 35% | NaN | NaN | NaN | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).