Chalet Hotels IPO
Chalet Hotels Limited (CHALET) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 07 February 2019.
Listed 7 Feb
Subscribed 1.57x
Listing gain +5.0%
Issue details
Price band
₹275–280
Issue price
₹280
Lot size
53 shares
Min. retail bid
₹14,840
Max. retail bid
13 lots (₹1,92,920)
Issue size
₹1,649 Cr
Face value
₹10
Bidding
29 Jan – 31 Jan 2019
Listing
07 Feb 2019
Retail quota
35%
Registrar
Karvy Fintech Private Limited
Listing day
Listed at
₹294
+5.0% vs issue price ₹280
Day's high
₹300
+7.1% · low ₹250 (-10.7%)
Day's close
₹292
+4.2% · traded ₹273 Cr
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,17,11,444 | 5,45,43,307 | 4.66x | |
| NII (HNI) total | 88,84,569 | 97,80,408 | 1.10x | |
| Retail | 2,07,30,659 | 5,83,848 | 0.03x | |
| Total | 4,13,26,672 | 6,49,07,563 | 1.57x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 1% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Chalet Hotels's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Lemon Tree HotelsMar 2018 | 3.89x | 0.12x | 0.12x | 1.19x | ₹1,039 Cr | +10.0% | +32.0% |
| Varun BeveragesOct 2016 | 4.94x | 0.42x | 0.82x | 1.86x | ₹1,112 Cr | -3.4% | +6.0% |
| Aavas FinanciersSep 2018 | 2.77x | 0.26x | 0.25x | 0.97x | ₹1,734 Cr | -8.7% | -4.1% |
| HealthCare Global EnterprisesMar 2016 | 2.36x | 0.43x | 0.83x | 1.56x | ₹650 Cr | -3.6% | -2.8% |
| Garden Reach Shipbuilders & EngineersOct 2018 | 1.81x | 0.31x | 0.24x | 1.02x | ₹598 Cr | -13.1% | -7.6% |
| Aster DM HealthcareFeb 2018 | 2.10x | 0.55x | 1.18x | 1.31x | ₹1,010 Cr | -3.7% | -1.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial | 109 | +22.8% | 75% |
| Axis Capital | 107 | +20.4% | 73% |
| Morgan Stanley India Company | 24 | +13.9% | 67% |
Offer documents (NSE)
Frequently asked
What is the Chalet Hotels IPO price band and lot size? ₹275–280 per share, with a lot of 53 shares, so the smallest retail bid is ₹14,840.
How many times has it been subscribed? 1.57x overall: QIB 4.66x, NII 1.10x, retail 0.03x.
How did it list? It opened at ₹294, +5.0% against the issue price of ₹280, and closed its first day +4.2%.
Other IPOs of 2019
Prince Pipes and FittingsUjjivan Small Finance BankCSB BankVishwaraj Sugar IndustriesIndian Railway Catering and Tourism CorporationSterling & Wilson SolarAffle IndiaIndiaMART InterMESH
All 2019 IPOs →
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
