Archive · 24 Jan 2026
Pride Hotels Receives SEBI Approval for Rs 1,000 Crore IPO
Pride Hotels, a big hotel company, got permission from SEBI to raise Rs 1,000 crore through an IPO.
This means they will sell some of their shares to the public for the first time.
The money they get will be used to fix up their hotels, pay off debts, and for other company needs.
They have 34 hotels right now and plan to open more in the next few years.
Their shares will be listed on the BSE and NSE stock exchanges.
Some big finance companies are helping them with this IPO.
Pride Hotels received SEBI approval for a Rs 1,000 crore IPO on January 16, 2026.
The IPO consists of a fresh issue of Rs 260 crore and an offer-for-sale of 3.92 crore shares.
The company may raise an additional Rs 52 crore through a pre-IPO placement.
Proceeds will be used for hotel renovations, debt repayment, and general corporate purposes.
Pride Hotels operates 34 hotels with 2,723 rooms and plans to expand with 32 more properties in the next 2-3 years.
- Who
- Pride Hotels, a Mumbai-based hospitality chain
- What
- Received SEBI approval for a Rs 1,000 crore IPO
- When
- Approval received on January 16, 2026
- Where
- India
- Why
- To fund capital expenditure, debt repayment, and general corporate purposes
- Company
- Pride Hotels
- IPO Size
- Rs 1,000 crore
- Fresh Issue
- Rs 260 crore
- Offer-for-Sale
- 3.92 crore shares
- Pre-IPO Placement
- Rs 52 crore (optional)
- Operational Hotels
- 34
- Rooms
- 2,723
- Listing Exchanges
- BSE and NSE
