Pind Hospitality Limited
Bookbuilding IPO · BSE
- Price band
- ₹93 - ₹99
- Lot size
- 1,200 shares
- Issue amount
- ₹17.82 cr
- Total subscription
- 2.77×
- Opens
- 28 Sept 2026
- Closes
- 30 Sept 2026
- Allotment
- 1 Oct 2026
- Listing
- 6 Oct 2026
Offer at a glance
Issue overview
- Issue size
- 18,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,11,600
- Fresh issue
- ₹17.82 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,18,800
- Issue type
- Bookbuilding IPO
- Shares before issue
- 41,98,812
- Shares after issue
- 59,98,812
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,37,600 |
| sHNI | 3 | 3,600 | ₹3,56,400 |
| bHNI | 9 | 10,800 | ₹10,69,200 |
Share reservation
Subscription & GMP
Subscription by category
Reported 30 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 353 | 1,518 |
| HNIs(10L +) | 156 | 32 |
| HNIs (2-10L) | 78 | 63 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0.18 | 0.18 |
| RETAIL | 8.38 | 36.07 |
| NIB | 8.36 | 10.57 |
| HNIs 2+ | 2.79 | 2.41 |
| HNIs 10+ | 5.57 | 8.16 |
| HNIs | 8.36 | 10.57 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 5.41 | 6.1 | 5.4 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 15.65 | 20.92 | 22.85 |
| PRE IPO(PE) | 18.3 | 0 | 0 |
| POST IPO(PE) | 26.12 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Pind Hospitality Limited | 18.3 | 99.00 | 10.00 | 34.59 | 15.65 | 5.41 |
| United Foodbrands Ltd (formerly known as Barbeque-Nation Hospitality Ltd) | -45.99 | 695.90 | 5.00 | 82.80 | -19.27 | -15.13 |
| Speciality Restaurants Limited | 31.70 | 143.30 | 10.00 | 74.33 | 5.78 | 4.52 |
| Vikram Kamats Hospitality Limited | 351.44 | 31.63 | 10.00 | 34.19 | 0.24 | 0.09 |
Company information
Company profile
Pind Hospitality Limited, incorporated on June 15, 2021, operates in the hospitality sector with a focus on restaurants, food delivery and catering services. Along with its partnership firm Pind Punjab, the Company operates six restaurants in Pune, Maharashtra, with no permanent closures since 2016, and has completed more than 5 lakh food deliveries through third-party delivery platforms and its own channels. Customers can order through food delivery apps, the Company’s mobile app, online bookings and phone orders, while mobile pre-ordering is also available for pick-up within a 6 km radius. The Company also provides outdoor catering for special events and workplace canteens, generating revenue of ₹528.61 lakh, ₹125.37 lakh and ₹64.38 lakh in Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. It has taken four restaurants on a leave and license basis in Pune, while Pind Punjab operates one restaurant under a similar arrangement. The Company sources raw materials, including dairy products, vegetables and meat, from local and organised suppliers while following food safety and quality standards, with regular FSSAI compliance audits conducted at its restaurants. Its marketing strategy focuses on middle and upper-middle-class consumers through internet, print, direct marketing and social media campaigns. As of March 31, 2026, Pind Hospitality had 135 employees working across central functions such as finance, human resources and administration.
Strengths
- Established Restaurant Network: Pind Hospitality Limited operates a chain of dining restaurants in Pune, offering authentic North Indian and Punjabi cuisine along with Chinese and Thai options.
- Diversified Food Offerings: The company offers à la carte dishes as well as fixed-price vegetarian and non-vegetarian thali meals, with a menu covering more than 250 dishes.
- Strong Delivery Presence: The company has built a presence across food-delivery platforms and has completed more than 5 lakh deliveries, providing an additional channel for customer reach and revenue generation.
Risk factors
- High Operating Costs: Restaurant operations involve significant costs related to food ingredients, employee wages, rent, utilities, and other operating expenses, which may affect profitability.
- Dependence on Consumer Demand: Revenue is influenced by customer spending, dining preferences, local economic conditions, and competition in the restaurant and hospitality industry.
- Intense Competition: The company competes with restaurants, QSRs, cloud kitchens, and food-delivery businesses, which may create pressure on pricing, customer retention, and margins.
Promoters
Nimish Parveen Malhotra
Chirag Parveen Malhotra
Anita Malhotra
Registrar & documents
Lead manager
Fedex Securities Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot no. 5, Sairung Woods, Hinjewadi Phase 2, Mulshi, Pune, Maharashtra, 411057
+91 84373 76655
[email protected]Company website ↗Understanding PIND IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.