Pind Hospitality IPO

Listed SME
Min Investment
₹2,37,600
2400 Shares
Min Investment
₹2,37,600 · 2400 Shares
Open Sept 28
Close Sept 30
Allotment Oct 01
Refund Oct 05
Demat Oct 05
Listing Oct 06
Price Band ₹93–99
Lot Size 1200 shares
Issue Size ₹18 Cr
Listed At ₹79.20 -20%
Subscribed 2.77×
Listed On BSE SME
Listing Price
₹79.20 (-20.00%)
vs issue price
Current Price (BSE)
₹64.52 (-34.83%)
at close, 13 Oct

Market Sentiment

Grey Market Premium What is GMP?
+₹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
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 43
Subscription Score 25
Financial Health 57
Score updates live as GMP/subscription change. For information only — 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 IssueEntire issue — no offer for sale, so all proceeds go to the company
Issue TypeBook build Issue
Lead Manager Fedex Securities Pvt. Ltd.
Registrar Bigshare Services Pvt. Ltd.
PromotersNimish Parveen Malhotra, Chirag Parveen Malhotra and Anita Malhotra
Listing atBSE SME
BSE Code544966
ISININE0RNF01016
Listing Price₹79.20
Listing Gain-20.00%

IPO Reservation

Category Shares Offered Shares %
QIB18,0001.05%
NII (HNI)8,44,80049.44%
bNII > ₹10L5,63,20032.96%
sNII < ₹10L2,81,60016.48%
Retail8,46,00049.51%
Total17,08,800

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
Budget to Lots Calculator ▼
₹

Day-wise Subscription (times subscribed)

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

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

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
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

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.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Pind Hospitality

Pind Hospitality, founded on June 15, 2021, operates in the hospitality sector, mainly running hotels, restaurants, and delivery services. The firm is recognized as one of the established restaurant partners in Pune and has completed over 5 lakh food deliveries to customers through third-party food delivery apps. Since 2016, the company has run 6 restaurants in Pune, Maharashtra. It delivers to customers through its food delivery apps, its own mobile app, and online booking. The firm also provides outdoor catering services for special events and workplace canteens. Pind Hospitality mostly tries to attract upper-middle-class consumers by promoting fresh and affordable food items. Moreover, it uses media, including the internet, print, direct marketing, and social media, to expand brand visibility. Furthermore, the company purchases its raw materials from local vendors, including perishable items like dairy, vegetables, and meat.

Company Contact Information

Pind Hospitality Ltd., Plot no. 5,, Sairung Woods, Hinjewadi Phase 2,, Mulshi,, Pune, Maharashtra, 411057

Objects of the Issue

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

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.

Frequently Asked Questions

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

GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 1%. Of the 47 SME IPOs we have tracked with a final GMP under 10%, 18 listed above, 10 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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