MSTC Limited IPO
March 13 to 15 MSTC IPO Dates
Size approx 225/250cr
Price approx below 150/-
would be trade to trade listing…
Chalet Hotels Limited IPO
(i) Chalet Hotels Limited (CHL) is an owner, developer and asset manager of high-end hotels in key metro cities in India. The company’s hotel platform comprises Six operating hotels including a hotel with a co-located serviced residence, located in the key Indian cities of Mumbai, Hyderabad, and Bengaluru, representing 2,328 keys as of March 31, 2018.
(ii) CHPL is promoted by the C. L. Raheja Group (‘the group’), which has diversified business interests across Real estate development (residential and commercial), hospitality and retail. The group is a leading player in the commercial real estate development with a developed area of over 20 million square feet (sq. ft.). CHPL is the hospitality arm of the group and benefits from the vast experience of the group in real estate development, while also enjoying the financial flexibility in funding its project.
(iii) CHPL has a tie-up with well-known international hospitality group Marriott International Inc (Marriott). The CHPL gets hotel management support from Marriott , renowned international hospitality chains with well-established global brands. All the six hotels owned by the company belong to the premium brands of Marriott, thus benefiting from Marriott’s global branding, marketing, and advertising network.
(iv) The strength of the Company’s hotel platform is based on strategic locations, efficient design and development of the hotels, appropriate positioning in hotel segments together with branding and operational tie-ups with leading hospitality companies. All the hotel assets are located in high-density business districts of their respective metro cities with high barriers-to-entry close to airports, major business centers or commercial districts and other convenient locations. CHL also endeavor to build hotels to superior standards targeting the luxury-upper upscale and upscale hotel segments at an efficient gross built-up area and development cost per key.
(v) The Company has also developed commercial and retail spaces at close proximity to its hotels. The Company has a competitive advantage in key metro cities due to its early mover advantage in large, mixed-use developments in specific micro-markets.
Objects of the Chalet Hotels Limited IPO:
Chalet Hotels Limited IPOare: A) The Offer for Sale B) Fresh Issue of 950 Cr 1. Repayment/Prepayment of Certain Indebtedness. 2. General Corporate Purposes.
Chalet Hotels Limited IPO Details:
|Open Date:||Jan 29 2019|
|Close Date:||Jan 31 2019|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Building|
|Issue Size:||1641 Cr.|
|Lot Size:||53 Shares|
|Issue Price:||₹ 275-280 Per Equity Share|
|Listing Date:||Feb 07 2019|
Promoters And Management:
Financials of Chalet Hotels Limited IPO:
Comparison With Peers:
Recommendation on Chalet Hotels Limited IPO:
IPO Review By Market Wizard
Lead Manager of Chalet Hotels Limited IPO:
Registrar of Chalet Hotels Limited IPO:
Bid Details of Chalet Hotels Limited IPO as on
31-Jan-2019 18:00:00 IST
Discussion on Chalet Hotels Limited IPO:
MSTC Limited IPO
Invest like a bull, sit like a bear and watch like a hawk
very expensive IPO in such market condition
with only few properties its asking such high market cap
Overall debt is too high
As an investor, i would not even want to apply even if it was price at half of this issue price.
A costly ipo
*New IPO Norms – Important*
1) As per new guidelines *Third Party Bank Account* will not be valid
2) Every Investor has to Fund from his own Bank Account.
3) In case of joint account only *First applicant can apply*
4) There could be a *single application per bank account*
5) The above is applicable to the issue *Chalet Hotels Ltd*
Price band 275-280 confirm
Rules have been changed for applying IPO by adding multiple accounts in the IPO. Now from here onwards the only one person can apply IPO from each account.
If someone is not having online BANK account than how he/she can apply for IPO.
If you do not have online banking then you can fill the IPO form and submit it to the broker.
But if we don’t have online bank account then how our account will block application amount
What do you mean by Online Bank Account? Don’t you have bank account?
Having co opp Bank ac which not give asba facilities.
Till now I bidding app in third party ac
I rec’d some messages that ipo rules change from this ipo.
Applicant apply ipo only from his account.
Not from any third person ac
Yes that is true read my above post.
Price band of Chalet Hotels is almost finalized.
Rs 275 to Rs 280
We will soon have an official announcement.
*Xelpmoc Design & Tech Ltd*
Issue Date 23 Jan 2019 to 25 Jan 2019
Price Band 62 -66
Lot Size 200
Retail Discount 3 Rs
Application Amount 12600
Retail app. for 1 time *1825*
1 time 1825 … Means?
1825 application required for 1 time
Narmada Bio chem- Price band: 120 to 125
Total issue size 90 cr
Issue opening: 5th to 7th February
Listing on nse , bse main board. (Fwd)
Hoping to see Market Wizard and other seniors take on this issue.
On a cursory look, some of the issues seem to be
1. Debt/Shareholder fund ratio of 5.50
2. Is stated purpose of the IPO is to decrease debt?
3. Fluctuating EPS between profit and loss between 2018: 1.19, 2017: 8.14 and 2016: loss (7.43)
Similarly RONW has no steady pattern
Hotel industry commands very high P/Es and the issue is likely to be highly priced as well.
First IPU after recent fall in the market and a new IPO of 2019… what will be the valuation?
Chalet hotels IPO
Any views sirji….
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