8 months ago
Pride Hotels Aims for IPO by 2026
Pride Hotels, a company that runs hotels and resorts, wants to go public by March 2026.
This means they will sell shares of their company to the public for the first time.
The money they raise will be used to fix up their existing hotels, pay off some of their debts, and help them grow by adding more hotels.
They currently have 34 hotels and plan to add 32 more in the next few years.
The company is also doing well financially, with higher profits and revenues compared to last year.
However, they expect more competition as other hotels open up in smaller cities.
Pride Hotels plans to launch an IPO by March 2026 to fund renovations and reduce debt.
The IPO includes a fresh issue of ₹260 crore and an offer for sale of 3.92 crore equity shares.
Funds will be used to modernize six out of seven owned hotels and repay ₹40 crore of debt.
The company operates 34 hotels (7 owned, 27 managed) and has 32 properties in the pipeline.
Pride Hotels reported a profit after tax of ₹83.5 crore in FY25, with revenues increasing to ₹305.62 crore.
- Who
- Pride Hotels, a hospitality chain based in Pune
- What
- Plans to launch an IPO by March 2026 to fund renovations and reduce debt
- Where
- India, with a focus on business hubs, leisure destinations, and pilgrimage centres
- When
- IPO target date is March 2026, with funds to be deployed over the next 12 to 27 months
- Why
- To modernize and renovate existing hotels, repay debt, and expand its portfolio
Key facts
- Company
- Pride Hotels
- IPO Target Date
- March 2026
- Fresh Issue Amount
- ₹260 crore
- Offer for Sale
- 3.92 crore equity shares
- Debt as of March 2025
- ₹65 crore
- Current Hotel Count
- 34 (7 owned, 27 managed)
- Pipeline Hotels
- 32 properties
- FY25 Profit After Tax
- ₹83.5 crore
- FY25 Revenue
- ₹305.62 crore
Quotes
Sureshchand Premchand Jain
Chairman & Managing Director of Pride Hotels
“I understand that India is no longer going to be buying oil from Russia. That is a good step.”
thehindubusinessline.com




