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Pind Hospitality IPO
₹2,37,600/1200 shares
Minimum Investment
IPO Details
28 Sep 26
30 Sep 26
₹2,37,600
1200
₹93 to ₹99
BSE
₹17.82 Cr
06 Oct 26
Open Free Demat Account
Open Free Demat Account
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 | — | — |

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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