Tag Archive for chalet

Chalet Hotels Ltd. debuts on stock exchanges as a premium category, premium brand, say analysts

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By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

The first mainboard IPO of CY2019 – Chalet Hotels Ltd., which is part of the K Raheja Corp. Group, made a positive debut with its listing on the national stock exchanges. The Chalet Hotels Ltd. IPO sized Rs. 1,641 crore was the largest IPO of 2019 and opened in choppy markets. The Offer was oversubscribed 1.58 times in volatile challenging market conditions on strong QIB/ institutional support (Rs. 1,552 crore as against the reserved portion of Rs. 328 crore). The Company attracted marquee anchor investors and allotted 1,75,84,071 equity shares to 27 anchor investors at Rs. 280 per equity share (upper end of the Price Band) aggregating to Rs. 492.35 crore. Anchor investors include: Goldman Sachs, Fidelity, Blackrock, Macquarie, Reliance Capital, HDFC, SBI, ICICI Prudential and UTI amongst others.

At closing market price, the Company will rank amongst the Top 300 on overall market cap basis. On the debut day, the stock closed at a price of Rs 290.40 (+3.71%) on BSE and Rs 291.70 (+4.18%) on NSE. The stock price reached a high of Rs. 300 per equity share, during the intraday trade today (7 February).

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Chalet Hotels Limited Listing Ceremony held today at NSE

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By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

(L-R): The management of Chalet Hotels Limited, Mr. Sanjay Sethi (Managing Director and CEO), Mr. Hetal Gandhi (Chairman and Independent Director) and Mr. Vikram Limaye (CEO and MD, NSE) with other dignitaries present for the bell ringing ceremony at the listing of Chalet Hotels Limited held today at NSE.

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Chalet Hotels Limited allots Rs. 492 cr to 27 Anchor Investors

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By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Chalet Hotels Limited (the “Company”), an owner, developer and asset manager of high-end hotels in key metro cities in India, allotted 1,75,84,071 equity shares at Rs. 280 per equity share (upper end of the Price Band) aggregating to Rs. 492.35 crore as part of the anchor investor allotment prior to opening of the IPO.

Anchor investors include: SBI SMALL CAP FUND – 17,85,729 equity shares; FIDELITY FUNDS – INDIA FOCUS FUND – 14,28,615 equity shares; GOLDMAN SACHS INDIA LIMITED – 14,28,615 equity shares;  HDFC SMALL CAP FUND – 12,14,336 equity shares; HDFC STANDARD LIFE INSURANCE COMPANY LIMITED – 12,14,336 equity shares; DB INTERNATIONAL (ASIA) LTD – 11,90,439 equity shares; BLACKROCK INDIA EQUITIES (MAURITIUS) LIMITED – 8,58,388 equity shares; EASTSPRING INVESTMENTS INDIA INFRASTRUCTURE EQUITY OPEN LIMITED – 7,14,334 equity shares; KUWAIT INVESTMENT AUTHORITY FUND 225 – 7,14,281 equity shares; LANSFORSAKRINGAR ASIENFOND – 2,16,505 equity shares; LGT SELECT FUNDS – LGT SELECT EQUITY EMERGING MARKETS – 3,98,459 equity shares; MACQUARIE UNIT TRUST SERIES- MACQUARIE ASIA NEW STARS FUND – 2,91,761 equity shares; MINE SUPERANNUATION FUND – 2,13,273 equity shares; THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE OF BLACKROCK INDIA EQUITY FUND – 2,19,102 equity shares; TOKIO MARINE LIFE INSURANCE SINGAPORE LTD. – PAR BLACKROCK – 2,89,380 equity shares; TT ASIA – PACIFIC EQUITY FUND – 3,40,725 equity shares; UNISUPER LIMITED AS TRUSTEE FOR UNISUPER – 5,59,521 equity shares; ICICI PRUDENTIAL MIDCAP FUND -                    5,35,671 equity shares; ICICI PRUDENTIAL TOP 100 FUND – 6,78,665 equity shares; RELIANCE CAPITAL TRUSTEE CO LTD.A/C RELIANCE LARGE CAP FUND -                     7,14,334 equity shares; RELIANCE CAPITAL TRUSTEE CO LTD.A/C RELIANCE MULTI CAP FUND – 7,14,281 equity shares; SBI CONSUMPTION OPPORTUNITIES FUND- 3,57,167 equity shares; UTI – CORE EQUITY FUND – 1,38,436 equity shares; UTI – INDIA LIFESTYLE FUND – 1,07,060 equity shares; UTI-MID CAP FUND – 4,98,200 equity shares; UTI- VALUE OPPORTUNITIES FUND – 4,70,640 equity shares; BNP PARIBAS ARBITRAGE -                     2,91,818 equity shares.

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