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Pind Hospitality Ltd

Hotels & RestaurantsIPOSME
₹93 - 99
₹93 - 99

With over 5 lakhs deliveries and recognized as one among the long-standing restaurant partners in Pune by third-party food delivery app, we have served around 4.31 lakhs, 4.30 lakhs, and 4.23 lakhs orders through multiple food delivery apps during the Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. We believe that the increasing internet and mobile penetration within India, the advent of food delivery apps, changing lifestyles and consumer eating patterns in the recent past are key factors to lead consumers to consider convenience-driven options to traditional dine-in experiences. Further, our revenue from third-party food delivery apps were Rs. 1,916.48 lakhs, Rs. 1,929.20 lakhs and Rs. 1,795.16 lakhs for the Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. We intend to continue to focus on enhancing our operations with the increased adoption of digital and technology measures to ensure greater customer satisfaction. Our service and diverse menu including various value offerings such as paneer tikka masala dal makhani meal combo, veg and non-veg thali has led to steady increase in our revenue from operations.

Lot1,200Min Invest₹2,37,600Face Value₹10Issue Size₹18 CrFresh Issue₹18 CrListing Price₹79CMP₹65

Timeline

28 Sept
Bidding opens
30 Sept
Bidding closes
1 Oct
Allotment
5 Oct
Refund & demat credit
6 Oct
Listing

Subscription · As of 7:56 PM, 30 Sept

Shares & amount

CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB1.00x16,90916,9090.17NII1.14x7.95 L9.06 L8.97Retail4.31x7.94 L34.22 L33.88Total2.63x18.00 L47.34 L44.03
Amounts at the upper price band.

Reports

Offer Details

Terms

Issue Size₹18 Cr0.18 Cr shares
Fresh Issue₹18 Cr
Face Value₹10
Lot Size1,200 shares
ReservationQIB 50% · NII 15% · RETAIL 35%

Application Sizes

Retail₹2,37,6001-1 lots
sNII₹2,37,600from 2 lots
bNII₹10,69,200from 9 lots

Managers & Registrar

Lead ManagerFixed Securities Pvt Ltd
RegistrarBigshare Services Pvt Ltd

Ownership & Proceeds

Shareholding

CategoryPre IPOPost IPOPromoter Group84.72%59.29%Public15.28%40.71%

Objects of the Issue

  1. Funding towards capital expenditure for setting up a hotel-cum-banquet hall in Lonavala, Maharashtra ("Haveli Project")
  2. General corporate purposes

Anchor Book

30-day lock-in30-Oct-202690-day lock-in29-Dec-2026

Financials

Profit & Loss

Financial YearFY24FY25FY26
RevenueCr212324
Operating ProfitCr344
OPM%15.016.416.2
PBTCr344
PATCr232
EPS-65

Balance Sheet

Financial YearFY24FY25FY26
Equity CapitalCr-44
ReservesCr-810
BorrowingsCr-913
Total AssetsCr-2838

Cash Flow

Financial YearFY24FY25FY26
Operating Cash FlowCr423
Investing Cash FlowCr-16-2-6
Financing Cash FlowCr12-13
Net Cash FlowCr1-20

Strengths & Risks

Strengths · as stated in the DRHP
  • 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.
Strategies · as stated in the DRHP
  • Consolidation of Restaurant operations.
  • Developing new restaurant concepts and expanding to focused on new demographic segments.
  • Continuing to expand mainly through ownership and selectively through franchising.
  • Continue to improve unit-level performance.
  • Focus on delivery channel.
Risks · as stated in the DRHP
  • Any adverse development in relation to the company's relationship with as well as performance of third-party food delivery apps, may adversely affect its business, results of operations and financial condition.
  • The company is exposed to all of the risks associated with leasing real estate, and any adverse developments could materially affect its business, results of operations and financial condition.
  • The company generates all its revenues from the city of Pune, Maharashtra and nearby location. Any event negatively affecting the consumer food services industry in the city of Pune and nearby location could have a material adverse effect on the company's overall business and results of operations.
  • The company propose to utilise a significant portion of the Net Issue Proceeds, constituting approximately [?]% of the total Issue Proceeds towards construction of its Haveli Project in Lonavala, Maharashtra.
  • The Company, its Partnership firm and the company's Promoters are parties to certain tax proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
  • If the company is unable to continue to build the Pind Punjab brand, its business, reputation and results of operations may be adversely affected.
Show all 62 risks