Pind Hospitality IPO

Name: Pind Hospitality IPO
Brand: Pind Hospitality
SKU: 544966
Availability: Discontinued

Listed SME

Min Investment

₹2,37,600

2400 Shares

Min Investment

₹2,37,600 · 2400 Shares

Price Band ₹93–99

Lot Size 1200 shares

Issue Size ₹18 Cr

Listed At ₹79.20 -20%

Subscribed 2.77×

Listed On BSE SME

Pind Hospitality IPO Listing Day Performance

Pind Hospitality listed on BSE SME on 06 October 2026 at ₹79.20, a 20% discount to the issue price of ₹99. A retail investor allotted the minimum application of 2,400 shares (2 lots) lost ₹47,520 at the listing price.

Issue price

₹99

upper band

Listing price

₹79.20

pre-open auction

Listing loss

−20%

−₹19.8 per share

Loss per application

−₹47,520

2,400 shares

GMP vs actual listing

Last GMP before listing	₹1 (+1%)
GMP-implied listing	₹100
Actual listing	₹79.20
Difference	−₹20.8 (−20.8%)

Demand going into listing

Subscribed overall	2.77×
QIB	1×
NII	1.26×
Retail	4.31×

Listing price = opening price from the exchange's pre-open call auction on listing day. Watch live price

Market Sentiment

Grey Market Premium What is GMP?

Full history

+₹1

+1.0% ▼ ₹6 since last update

Est. listing ₹100

Upper price ₹99

GMP range ₹1 – ₹20

29 Sept · ₹9 30 Sept · ₹1

Updated 30 Sept, 12:00 pm IST Unofficial grey-market data

GMP estimate ₹100

Actual listing ₹79.2

Listed below the GMP estimate by ₹20.8 (-20.8%)

Subscription Status

Full details

QIB

1.00x

NII

1.26x

bNII (>10L)

1.46x

sNII (2-10L)

0.87x

Retail

4.31x

Total

2.77x

Updated: Sept 30, 2026 5:59 pm IST

Analysis Score 39 / 100

Weak Signals

Data: 80%

GMP Score · 44% weight 43

Subscription Score · 38% weight 25

Financial Health · 19% weight 57

Weighted average of the parts above; updates as GMP and subscription change. not investment advice.

IPO Details

Price Band	₹93–99 per equity share
Face Value	₹10 Per Equity Share
Lot Size	1200 shares (Min 2 lots · ₹2,37,600)
Total Issue Size	₹17.82 crore
Fresh Issue	Entire issue — no offer for sale, so all proceeds go to the company
Issue Type	Book build Issue
Lead Manager	Fedex Securities Pvt. Ltd.
Registrar	Bigshare Services Pvt. Ltd.
Promoters	Nimish Parveen Malhotra, Chirag Parveen Malhotra and Anita Malhotra
Listing at	BSE SME
BSE Code	`544966`
ISIN	`INE0RNF01016`
Listing Price	₹79.20
Listing Gain	-20.00%

Day-wise Subscription (times subscribed)

QIB

1x D1

1x D2

1x Final

NII

0x D1

0.61x D2

1.26x Final

Retail

0.02x D1

0.03x D2

4.31x Final

Total

0.02x D1

0.33x D2

2.77x Final

Each panel has its own scale.

Category	Day 1	Day 2	Final
QIB	1.00x	1.00x	1.00x
NII	0.00x	0.61x	1.26x
bNII > ₹10L	0.00x	0.92x	1.46x
sNII 2-10L	0.00x	0.00x	0.87x
Retail	0.02x	0.03x	4.31x
Total	0.02x	0.33x	2.77x

Market Lot Size

Category	Lots	Shares	Amount (₹)
Retail Minimum	2	2,400	₹2,37,600
Retail Maximum	2	2,400	₹2,37,600
S-HNI Minimum	3	3,600	₹3,56,400
S-HNI Maximum	8	9,600	₹9,50,400
B-HNI Minimum	9	10,800	₹10,69,200

IPO Reservation

QIB 1.1% NII 49.4% Retail 49.5%

Category	Shares Offered	Shares %
QIB	18,000	1.05%
NII (HNI)	8,44,800	49.44%
bNII > ₹10L	5,63,200	32.96%
sNII < ₹10L	2,81,600	16.48%
Retail	8,46,000	49.51%
Total	17,08,800

Financial Analysis

Financial Data

EPS (Pre)

₹5.41

ROE

15.65%

ROCE

15.83%

RoNW

15.65%

EBITDA Margin

16.14%

NAV/Share

₹34.59

Revenue Growth

7.51%

Profit Margin

9.11%

Financial Performance

2026 vs 2025 Revenue +7.5% Profit (PAT) −11.3% Total Assets +33.1%

Metric	2024	2025	2026
Revenue	20.87	23.17	24.91
Expense	17.93	19.57	21.39
Profit (PAT)	2.21	2.56	2.27
Total Assets	26.04	28.33	37.72

Values in Crores (₹)

Peer Comparison

Company	EPS	P/E	RoNW %	NAV
Pind Hospitality This IPO	5.41	-	15.65	34.59
United Foodbrands Ltd	-15.13	-45.99	-19.27	82.80
Speciality Restaurants Ltd	4.52	31.70	5.78	74.33
Vikram Kamats Hospitality Ltd	0.09	351.44	0.24	34.19

Peer median P/E 191.6x across 2 listed peers

Strengths & Risks

Strengths

Solid profit margin — 9.1%.
Strong return on equity — 16%.

Risks & Concerns

Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.

From this issue's live data. Not investment advice — read the RHP.

Purpose	Amount (Cr)
Funding towards capital expenditure for setting up a hotel-cum-banquet hall in Lonavala, Maharashtra (Haveli Project	12.70
General Corporate Purposes	-

Resources & Documents

IPO Documents

Draft Red Herring Prospectus Red Herring Prospectus

Pind Hospitality IPO - Quick Take

Pind Hospitality has set a price band of Rs 93–Rs 99 per share for an issue size of Rs 18 crore. The stock listed with a 20.00% discount versus its issue price on October 06, 2026.

The issue is promoted by Nimish Parveen Malhotra, Chirag Parveen Malhotra and Anita Malhotra with Fedex Securities Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards funding towards capital expenditure for setting up a hotel-cum-banquet hall in Lonavala, Maharashtra (Haveli Project (Rs 13 crore) and general Corporate Purposes.

On fundamentals, the company is posting revenue growth of 7.5%, a profit margin of 9.1%, return on equity of 15.7% in its most recent reported period. Listed peers in this segment include United Foodbrands Ltd (P/E -45.99x) and Speciality Restaurants Ltd (P/E 31.70x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.

On our data-signal score, the combined signals for this issue currently read weak — several key indicators are reading below average. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

By IPO Cracker Editorial Team · Editorial Policy · Data Sources Last updated: Oct 06, 2026

Related guides: What is GMP? · Anchor Investor explained · Allotment Process · How to Apply · Compare with peers

This summary is built from exchange, RHP and registrar data. Not investment advice. How we score IPOs »

Pind Hospitality IPO: Lead Manager & Registrar Track Record

How the firm running this issue and its registrar have fared on the other IPOs we track. Each firm's figures leave out Pind Hospitality itself, so they describe what came before it.

SME IPOs, last 12 months

Pind Hospitality listed at −20% on day one; the median of 193 listings was +1.7% (better than 3% of them).
Subscribed 2.77x against a median of 4.03x across 192 issues (higher than 45%).
Average listing-day move across all 194 SME listings we track: +11.6%.

Lead manager and registrar record on other IPOs we track
Firm	Other IPOs	Listed at / above issue	Avg move	Median
Fedex Securities Pvt. Ltd. Lead manager	1 0 MB · 1 SME	0% 0 of 1	−2.9%	−2.9%
Bigshare Services Pvt. Ltd. Registrar	61 19 MB · 42 SME	69% 42 of 61	Check allotment →

Recent listings managed by Fedex Securities Pvt. Ltd. (1)

IPO	Listed	Listing-day move
ABH Healthcare	01 Sep 2026	−2.9%

What a lead manager does

A SEBI-registered merchant banker that runs the issue: due diligence, drafting the offer document, setting the price band with the company, and marketing the IPO to investors.

What a registrar does

Finalises the basis of allotment, credits shares to demat accounts, releases blocked funds for unsuccessful bids and handles investor queries about the issue.

Listing-day move = exchange opening price vs issue price (band ceiling where the final price isn't recorded). Counts cover IPOs we track only. Past listings don't predict this one; this is not investment advice.

Frequently Asked Questions

Pind Hospitality listed at Rs 79.20 on 06 October 2026, against an issue price of Rs 99 — a 20% discount.

−20% at the listing price — Rs 19.8 per share, or Rs 47,520 on the minimum retail application of 2,400 shares.

The price band of Pind Hospitality IPO is Rs 93 to Rs 99 per share. Face value is Rs 10 per share.

The total issue size of Pind Hospitality IPO is Rs 18 crore, comprising fresh issue of Rs 18 crore.

The lot size of Pind Hospitality IPO is 1,200 shares. The minimum application is 2 lots (2,400 shares), requiring an investment of Rs 2,37,600.

Pind Hospitality IPO opens for subscription on September 28, 2026 and closes on September 30, 2026.

The expected allotment date for Pind Hospitality IPO is October 01, 2026. Refunds for unsuccessful applicants are expected on October 05, 2026. Shares are scheduled to be credited to demat accounts on October 05, 2026.

Pind Hospitality IPO is scheduled to list on October 06, 2026 on BSE. BSE script code: 544966, ISIN: INE0RNF01016.

The last GMP (Grey Market Premium) recorded for Pind Hospitality IPO before listing was +Rs 1 (+1.0% over issue price). The shares actually listed at Rs 79.2 (-20.00% versus the issue price). GMP only estimates the listing price and stops mattering once the shares trade.

Pind Hospitality IPO was subscribed 2.77 times overall by the close of bidding — retail at 4.31x, QIB at 1.00x, NII at 1.26x.

Based on the final retail subscription of 4.31x for Pind Hospitality IPO, the estimated retail allotment probability is approximately 26.5%. This is a moderate probability of allotment.

The registrar for Pind Hospitality IPO is Bigshare Services Pvt. Ltd. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Pind Hospitality IPO are Fedex Securities Pvt. Ltd.

The promoter(s) of Pind Hospitality are Nimish Parveen Malhotra, Chirag Parveen Malhotra and Anita Malhotra.

Pind Hospitality IPO GMP — What It Means

Its last GMP before listing was 1%. Of the 54 SME IPOs we have tracked with a final GMP under 10%, 21 listed above, 14 flat and 19 below the issue price; Pind Hospitality listed 20% below its issue price.

See the full Pind Hospitality GMP history and trend, or learn how grey market premium works and how reliable it is.

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