Pind Hospitality IPO
GMP, Subscription, Price, Dates & Financial Details
E-commerce
Incorporated on June 15, 2021, Pind Hospitality Limited (PHL) is a key player in the hospitality sector, specializing in full-service restaurants, online food delivery, and outdoor catering. Recognized as one of Pune’s long-standing restaurant partners on third-party food delivery platforms, the…
Open Date
Mon, 28 Sep 2026
Close Date
Wed, 30 Sep 2026
Price Band
₹ 93 – 99
Lot Size
1200
Issue Size
₹ 17.82 Cr
Minimum Investment
₹ 237,600 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Pind Hospitality IPO is set to open its Initial Public Offering (IPO) for subscription on September 28, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹17.82 Crore, comprising a fresh issue of 18.00 Lakh equity shares aggregating to ₹17.82 Crore.
The Pind Hospitality IPO will open for subscription on September 28, 2026, and close on September 30, 2026. The basis of allotment is expected to be finalized on October 01, 2026, while the shares are tentatively scheduled to be listed on BSE SME Platform on October 06, 2026.
The company has fixed the price band at ₹93 to ₹99 per share, with a lot size of 1200 shares. Retail investors will require a minimum investment of ₹237,600 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd is the registrar to the issue. Fedex Securities Private Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Pind Hospitality IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 30, 2026.
Pind Hospitality IPO Timeline (Tentative)
- IPO Open Date
- Mon, 28 Sep 26
- IPO Close Date
- Wed, 30 Sep 26
- Basis of Allotment
- Thu, 01 Oct 26
- Initiation of Refunds
- Mon, 05 Oct 26
- Credit of Shares to Demat
- Mon, 05 Oct 26
- Listing Date
- Tue, 06 Oct 26 — BSE
Open Date
28 September 2026
Close Date
30 September 2026
Basis Of Allotment
01 October 2026
Listing Date
06 October 2026
IPO Subscription
Check Live Subscription →The Pind Hospitality IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 28 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 8,46,000 shares, representing 49.51% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 18,000 shares (1.05%), while Non-Institutional Investors (NIIs) receive 8,44,800 shares (49.44%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 18,000 | 1.05% |
| Non-Institutional | 844,800 | 49.44% |
| BNII | 562,800 | 32.94% |
| SNII | 282,000 | 16.5% |
| Retail Investors | 846,000 | 49.51% |
| Total | 1,708,800 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 37.72 | 28.33 | 26.04 |
| Revenue | 24.91 | 23.17 | 20.87 |
| Profit After Tax | 2.27 | 2.56 | 2.21 |
| Net Worth | 14.52 | 12.25 | 9.69 |
| Reserve & Surplus | 10.32 | 8.05 | 5.49 |
| Total Borrowings | 12.74 | 0 | 0 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Pind Hospitality Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 15.65 | 20.92 | 22.85 |
| ROCE % | 15.83 | 19.64 | 16.18 |
| Debt / Equity | 0.88 | 0.71 | 0.9 |
| RoNW % | 15.65 | 20.92 | 22.85 |
| Pat Margin % | 9.3 | 11.31 | 10.66 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Pind Hospitality Ltd | 10 | 0 | 5.41 | 5.41 | 15.65 | 34.59 |
| United Foodbrands Ltd | 5 | -45.99 | -15.13 | -15.13 | -19.27 | 82.8 |
| Speciality Restaurants Ltd | 10 | 31.7 | 4.52 | 4.52 | 5.78 | 74.33 |
| Vikram Kamats Hospitality Ltd | 10 | 351.44 | 0.09 | 0.09 | 0.24 | 34.19 |
About Pind Hospitality Limited
Incorporated on June 15, 2021, Pind Hospitality Limited (PHL) is a key player in the hospitality sector, specializing in full-service restaurants, online food delivery, and outdoor catering. Recognized as one of Pune’s long-standing restaurant partners on third-party food delivery platforms, the company has successfully completed over 500,000 deliveries to date.
Core Offerings & Service Channels
Restaurant Operations: Operating a network of six restaurants across Pune, Maharashtra—directly and via its partnership firm, Pind Punjab—the company boasts a track record of zero permanent closures since 2016.
Property Footprint: Four (4) outlets are operated directly by PHL under leave-and-license agreements, while one (1) location is similarly operated by Pind Punjab.
Delivery & Pre-Ordering: Customer touchpoints include third-party delivery apps, a proprietary mobile app, online bookings, and direct phone orders. PHL also offers a dedicated mobile pre-ordering service for quick pick-ups within a 6 km radius.
Outdoor & Corporate Catering: Servicing special events and corporate canteens, catering represents a rapidly expanding revenue stream:
FY 2026: ₹528.61 lakh
FY 2025: ₹125.37 lakh
FY 2024: ₹64.38 lakh
Operational Highlights
Quality & Supply Chain Management: Raw materials—including perishables such as dairy, meats, and fresh produce—are sourced through a mix of local and organized vendors to maintain strict safety and quality standards. Outlets undergo regular audits to ensure full FSSAI compliance.
Marketing & Brand Strategy: Aimed primarily at middle and upper-middle-class demographics, PHL’s marketing emphasizes fresh, affordable dining. Growth and brand visibility are driven through targeted digital campaigns, direct marketing, print media, and social media engagement.
Workforce: As of March 31, 2026, the company employed 135 professionals across key corporate functions, including finance, human resources, and administration.
Pind Hospitality IPO Promoters
- Nimish Parveen Malhotra
- Chirag Parveen Malhotra
- Anita Malhotra
Promoters Holding
Holding Pre Issue
84.72%
Holding Post Issue
59.30%
Pind Hospitality IPO Objective
The Company Pind Hospitality IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding towards capital expenditure for setting up a hotel-cumbanquet hall project in Lonavala, Maharashtra ("Haveli Project")
- General corporate purposes
Pind Hospitality Limited Address / Contact Details
Pind Hospitality Ltd.
Plot no. 5,
Sairung Woods, Hinjewadi Phase 2,
Mulshi,
Pune, Maharashtra, 411057
Phone: +91 84373 76655
Email: investor@pindhospitalitylimited.com
Website: http://www.pindpunjab.in/
IPO Snapshot
Pind Hospitality IPO Lot Size
The Pind Hospitality IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,37,600 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,37,600.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 237,600.00 |
| Retail (Max) | 2 | 2,400 | 237,600.00 |
| S-HNI (Min) | 3 | 3,600 | 356,400.00 |
| S-HNI (Max) | 8 | 9,600 | 950,400.00 |
| B-HNI (Min) | 9 | 10,800 | 1,069,200.00 |
Issue Reservation
- QIB — 1.05%
- NII — 49.44%
- RII — 49.51%
Book Running Lead Managers
- Fedex Securities Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Pind Hospitality IPO?
Pind Hospitality IPO is a Book-building IPO with a total issue size of ₹17.82 crore. The Pind Hospitality IPO price band is ₹93 to 99 per share. The Pind Hospitality IPO subscription opens on Mon, Sep 28, 2026, and closes on Wed, Sep 30, 2026. The Pind Hospitality IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Pind Hospitality IPO.
When will the Pind Hospitality IPO open for subscription?
The Pind Hospitality IPO opens on Mon, Sep 28, 2026 and closes on Wed, Sep 30, 2026
What is Pind Hospitality IPO Price Band?
Pind Hospitality IPO Price Band is ₹93 to 99 per share.
What is Pind Hospitality IPO Lot Size?
Pind Hospitality IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹237600 based on the upper price band
What is the minimum investment for Pind Hospitality IPO?
The minimum investment for Pind Hospitality IPO is ₹237600, based on one lot of 1200 shares at the upper price band of ₹99 per share.
How to apply for Pind Hospitality IPO?
Investors can apply for the Pind Hospitality IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Sep 30, 2026. The application amount remains blocked until the Pind Hospitality IPO allotment is finalized.
What is Pind Hospitality IPO Issue Size?
Pind Hospitality IPO issue size is ₹17.82 crores.
What is the Pind Hospitality IPO Allotment Date?
Pind Hospitality IPO allotment date is Thu, Oct 1, 2026.
Who is the Pind Hospitality IPO Registrar?
The registrar for Pind Hospitality IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Pind Hospitality IPO allotment status, refund processing, and other IPO-related information.
Who is the Pind Hospitality IPO Lead Manager?
The book-running lead managers (BRLMs) for the Pind Hospitality IPO are Fedex Securities Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Pind Hospitality IPO Red Herring Prospectus (RHP).