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Pind Hospitality IPO

₹2,37,600/1200 shares

Minimum Investment

IPO Details

Open Date

28 Sep 26

Close Date

30 Sep 26

Minimum Investment

2,37,600

Lot Size

1200

Price Range

93 to ₹99

Listing Exchange

BSE

Issue Size

17.82 Cr

Listing Date

06 Oct 26

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Pind Hospitality IPO Timeline

Bidding Start

28 Sep 26

Bidding Ends

30 Sep 26

Allotment Finalisation

01 Oct 26

Refund Initiation

05 Oct 26

Demat Transfer

05 Oct 26

Listing

06 Oct 26

About Pind Hospitality Limited

Pind Hospitality Limited, incorporated in June 2021, operates in the hospitality sector, primarily through restaurants and related food services in Pune, Maharashtra. The company, along with its partnership firm Pind Punjab, operates six restaurants and provides dine-in, takeaway and food-delivery services through third-party platforms, its own mobile application, online bookings and telephone orders. It also provides outdoor catering services for special events and workplace canteens. The company focuses on North Indian cuisine, menu innovation, competitive pricing and customer service. As of March 31, 2026, it had 135 employees across its central functions. The company has also completed more than five lakh food deliveries and maintains an established presence across several Pune locations.

Pind Hospitality Limited IPO Overview

Pind Hospitality IPO is a bookbuilding issue of ₹17.82 crore comprising 18,00,000 equity shares, entirely through a fresh issue. The IPO will open for subscription on 28 September 2026 and close on 30 September 2026. The allotment is expected to be finalised on 1 October 2026, followed by refund initiation and credit of shares to demat accounts on 5 October 2026. The tentative listing date is 6 October 2026 on the BSE SME platform. The price band is fixed at ₹93 to ₹99 per share, with a lot size of 1,200 shares. Retail investors must apply for a minimum of two lots, or 2,400 shares, requiring ₹2,37,600 at the upper price band. S-HNI investors require a minimum of three lots, while B-HNI investors require nine lots. Fedex Securities Pvt. Ltd. is the book running lead manager and Bigshare Services Pvt. Ltd. is the registrar. Bhansali Value Creations Pvt. Ltd. is the market maker.

Pind Hospitality Limited IPO Details

Particulars Details
IPO Date 28 September 2026 to 30 September 2026
Listing Date 6 October 2026
Face Value ₹10 per share
Issue Price Band ₹93 to ₹99 per share
Lot Size 1,200 Shares
Total Issue Size 18,00,000 shares (aggregating up to ₹17.82 Cr)
Fresh Issue 18,00,000 shares (aggregating up to ₹17.82 Cr)
Offer for Sale NA
Issue Type Bookbuilding IPO
Listing At BSE SME
Share Holding Pre Issue 41,98,812 shares
Share Holding Post Issue 59,98,812 shares
Market Maker Portion 91,200 shares

Pind Hospitality Limited IPO Reservation

Investor Category Shares Offered
QIB 18,000 shares (1.05% of Net Issue)
Retail 8,46,000 shares (49.51% of Net Issue)
NII (HNI) 8,44,800 shares (49.44% of Net Issue)

Pind Hospitality Limited IPO Lot Size

Application Lots Shares Amount
Individual Investors (Min) 2 2,400 ₹2,37,600
Individual Investors (Max) 2 2,400 ₹2,37,600
S-HNI (Min) 3 3,600 ₹3,56,400
S-HNI (Max) 8 9,600 ₹9,50,400
B-HNI (Min) 9 10,800 ₹10,69,200

Pind Hospitality Limited IPO Promoter Holding

Shareholding Status Percentage
Pre-Issue 84.72%
Post-Issue 59.30%

Pind Hospitality Limited IPO Valuation Overview

KPI Value
Earnings Per Share (EPS) ₹5.41
Price/Earnings (P/E) Ratio 18.30x
Return on Net Worth (RoNW) 15.65%
Net Asset Value (NAV) ₹34.59
Return on Equity 15.65%
Return on Capital Employed (ROCE) 15.83%
EBITDA Margin 16.14%
PAT Margin 9.30%
Debt to Equity Ratio 0.88

Objectives of the Proceeds

  • Hotel-cum-banquet hall: ₹12.70 crore will fund capital expenditure for setting up a hotel-cum-banquet hall in Lonavala, Maharashtra.
  • General corporate purposes: Remaining net proceeds will support general corporate requirements and other permissible business purposes.

Key Financials (in ₹ crore)

Particulars 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 37.72 28.33 26.04
Revenue 24.91 23.17 20.87
Profit After Tax 2.27 2.56 2.21
Reserves and Surplus 10.32 8.05 5.49
Total Borrowings 12.74

Pind Hospitality Limited

IPO Strengths

  • Experienced Promoters, management team and dedicated staff
  • Attractive offerings at competitive prices based on constant menu innovation and customer focus.
  • Strong on-line presence
  • Strategic locations
  • Strong financial position and profitability

Peer Group Comparison

Company Name EPS (Basic) EPS (Diluted) NAV (₹ per share) P/E (x) RoNW (%) P/BV Ratio
Pind Hospitality Ltd. 5.41 5.41 34.59 15.65
Peer Group
United Foodbrands Ltd. -15.13 -15.13 82.80 45.99 -19.27 8.48
Speciality Restaurants Ltd. 4.52 4.52 74.33 31.70 5.78 1.93
Vikram Kamats Hospitality Ltd. 0.09 0.09 34.19 351.44 0.24 0.91

 

SWOT Analysis of Pind Hospitality IPO

Strength and Opportunities

  • Established restaurant presence across multiple Pune locations, supported by an operating history and more than five lakh deliveries.
  • Diverse channels including dine-in, takeaway, food-delivery platforms, its own app, bookings and outdoor catering broaden customer access.
  • Strategic restaurant locations and a strong online presence support customer reach and brand visibility.
  • Proposed Lonavala hotel-cum-banquet project provides an avenue for business expansion and diversification.
  • Rising digital food ordering and evolving consumer preferences provide opportunities to expand delivery and technology-led ordering.

Risks and Threats

  • Operations are concentrated in Pune, creating geographic concentration and dependence on the local market.
  • The restaurant business has significant fixed operating expenses, making profitability sensitive to changes in footfall and sales.
  • Food, labour, rent and other operating-cost increases can pressure margins.
  • The hospitality and restaurant sector is highly competitive, with local and organised players competing for customers.
  • Food-safety incidents, regulatory action or negative customer perceptions could affect reputation, footfall and revenue.

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How to apply IPO with HDFC SKY?

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  1. 1Login to your HDFC SKY Account
  2. 2Select Issue
  3. 3Enter Number of Lots and your Price.
  4. 4Enter UPI ID
  5. 5Complete Transaction on Your UPI App

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