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Pind Hospitality IPO
Price Band
₹93.0–99.0
Issue Size
₹17.82 Cr
Lot Size
1,200 shares
Min Investment
₹237,600
2 LOTS MIN
GMP
—
Issue Price
₹99.0
Pind Hospitality IPO AI Summary
- Pind Hospitality IPO is open now on BSE SME in the Restaurants sector.
- Price band: ₹93.0–₹99.0 per share, lot size 1,200 shares (min. investment ₹237,600, 2 lots minimum).
- Subscription window: 28 Sep–30 Sep 2026, listing on 06 Oct 2026.
Pind Hospitality Limited is preparing for an IPO with a focus on expanding its hospitality offerings while maintaining a strong operational presence in Pune. The company's financials show a positive trend in revenue, though profitability has fluctuated. Investors should consider their risk profiles and the competitive landscape of the hospitality sector before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
LIVE · updates every 5 minIPO is live — subscription open
Data auto-updates every 5 minutes
Pind Hospitality IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
TopFund Score — Listing Data Indicator
GMP is 0.0% above issue price
Subscription not open yet
No anchor allocation for this IPO
Similar IPOs (same IPO type) averaged 30.9% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
Incorporated in June 15, 2021, Pind Hospitality Limited is engaged in the hospitality sector, specifically in hotels and restaurants. The company has completed over 5 lakh deliveries and is recognized as one of the long-standing restaurant partners in Pune by third-party food delivery apps. The company served 2.18 lakh, 4.23 lakh, 4.43 lakh, and 0.96 lakh orders through food delivery apps in the six months ending September 2024, 2024, 2023, and 2022, respectively. The company sources raw materials from local and organized vendors to meet safety and quality standards, including perishable items like dairy, vegetables, and meat. Restaurants undergo routine audits for FSSAI compliance. Services: Restaurants: The company, along with its partnership firm Pind Punjab, operates six restaurants in Pune, Maharashtra, with no permanent closures since 2016. Delivery: The company serves customers through third-party food delivery apps, its own mobile app, online bookings, and phone orders. It also offers mobile pre-ordering for pick-up within a 6 km radius. Outdoor Catering: The company also offers outdoor catering services for special events and workplace canteens, with revenue of ₹80.69 lakhs, ₹64.38 lakhs, ₹59.84 lakhs, and ₹51.16 lakhs in recent periods. Advertising Strategy: The company targets middle and upper-middle-class consumers through advertising focused on fresh, affordable food. It uses various media, including internet, print, direct marketing, and social media, to increase brand awareness. As of September 30, 2024, the company had 138 staff, who formed a part of the central functions including finance, human resources and administration. Competitive Strengths: 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
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 37.72 | 28.33 | 26.04 |
| Total Income | 24.91 | 23.17 | 20.87 |
| Profit After Tax | 2.27 | 2.56 | 2.21 |
| EBITDA | 3.95 | 3.69 | 3.10 |
| NET Worth | 14.52 | 12.25 | 9.69 |
| Reserves and Surplus | 10.32 | 8.05 | 5.49 |
| Total Borrowing | 12.74 |
Key Ratios
EPS
₹5.41
NAV
₹34.59
ROE
15.65%
ROCE
15.83%
RoNW
15.65%
P/B Value
4.29
P/E Ratio
18.3
Market Cap
₹59.39 Cr
PAT Margin
9.30%
Debt/Equity
0.88
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Vikram Kamats Hospitality Ltd. | 34.19 | 0.24% | 351.44 | 0.09 | 0.09 |
| Speciality Restaurants Ltd. | 74.33 | 5.78% | 31.7 | 4.52 | 4.52 |
| United Foodbrands Ltd. | 82.8 | -19.27% | 45.99 | -15.13 | -15.13 |
| Pind Hospitality Ltd. This IPO | 34.59 | 15.65% | — | 5.41 | 5.41 |
Promoters
Nimish Parveen Malhotra, Chirag Parveen Malhotra, Anita Malhotra
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding towards capital expenditure for setting up a hotel-cum-banquet hall in Lonavala, Maharashtra (Haveli Project 12.70 2 General Corporate Purposes Total 12.70
IPO Evaluation
Generated 27 Sep 2026Revenue Trend
Total Income was ₹20.87 Cr for the period ending 31 Mar 2024, increasing to ₹23.17 Cr by 31 Mar 2025, and further rising to ₹24.91 Cr by 31 Mar 2026. This shows a consistent upward trend in revenue over the three periods.
Profit Trend
Profit After Tax was ₹2.21 Cr for the period ending 31 Mar 2024, rising to ₹2.56 Cr by 31 Mar 2025, though it decreased to ₹2.27 Cr by 31 Mar 2026. This indicates a fluctuation in profitability across the periods.
Valuation
At the issue price of ₹99.0, Pind Hospitality's implied P/E is approximately 18.3 times its earnings, compared to peers trading at P/E ratios ranging from 31.7 to 351.44.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. It can provide an indication of the expected demand for an IPO based on the price at which shares are being traded in this market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance, considering the company's growth potential in the hospitality sector.
Who May Want to Wait
Investors who prefer stable, established companies with consistent earnings may want to avoid this IPO, as it operates in the competitive and often volatile hospitality industry.
IPO Timeline, Explained
The IPO opens for subscription on September 28, 2026, and closes on September 30, 2026. Allotment of shares will be finalized by October 1, 2026, with the listing date set for October 6, 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit made by selling shares on the first day of trading, which can be influenced by market sentiment and demand. However, there is no guarantee of listing gains, and prices can fluctuate significantly.
This evaluation is generated from Pind Hospitality's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Pind Hospitality IPO?
The price band of Pind Hospitality IPO is ₹93.0–₹99.0 per share.
When does Pind Hospitality IPO open and close?
Pind Hospitality IPO opens on 28 September 2026 and closes on 30 September 2026.
When does Pind Hospitality IPO list on the stock exchange?
Pind Hospitality IPO is scheduled to list on 06 October 2026, with an estimated listing price of ₹99.0 based on current GMP.
What is the lot size for Pind Hospitality IPO?
The lot size for Pind Hospitality IPO is 1200 shares, requiring a minimum investment of ₹237,600 (2 lots).
What is the TopFund Listing Data Indicator for Pind Hospitality?
Pind Hospitality's Listing Data Indicator score is 42/100 (Moderate signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the price band for the IPO?
The price band for the IPO is ₹93.0 to ₹99.0.
What is the minimum investment required?
The minimum investment required is ₹237,600, which corresponds to a lot size of 1,200 shares.
When does the IPO open and close?
The IPO opens on September 28, 2026, and closes on September 30, 2026.
When is the listing date?
The listing date is October 6, 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the premium at which shares are trading in the grey market before the official listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
28 Sep 2026
Close
30 Sep 2026
Allotment
01 Oct 2026
Listing
06 Oct 2026
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