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Pind Hospitality IPO
📅 Founded: 2021
📍 Pune, Maharashtra
📋 Face Value: ₹10
🏦 Market Cap: ₹59.39 Cr
Price Band
₹93 – ₹99
Issue Size
₹17.82 Cr
Lot Size
1200 shares
Min. Investment
₹2,37,600
GMP
+₹0 (+0%)
Est. Return
+0%
Listing Date
06 Oct 2026
Registrar
Bigshare Services
Pind Hospitality IPO at a glance
Pind Hospitality IPO was an SME issue of ₹17.82 Cr at a price band of ₹93 – ₹99 per share, open from 28 Sep 2026 to 30 Sep 2026. The shares listed on BSE SME on 06 Oct 2026.
IPO Signal Analysis
📊 Based on Grey Market Premium (GMP) & Subscription Data — not financial advice
GMP Signal
Moderate Interest
GMP: +0% above issue price
⭐ Overall Signal
Moderate Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.00x subscribed
Issue Details
Fresh Issue₹17.82 Cr
Offer for Sale (OFS)Nil
Total Issue Size₹17.82 Cr
Face Value₹10
Market Cap (at issue)₹59.39 Cr
Listing ExchangeBSE SME
📅 Open Date28 Sep 2026
🔒 Close Date30 Sep 2026
✂️ Cut-off Price Date30 Sep 2026
🎟️ Allotment Date01 Oct 2026
💸 Refund Initiation02 Oct 2026
📂 Demat Credit02 Oct 2026
📈 Listing Date06 Oct 2026
Objects of the Issue
- 💰 Capital expenditure for a hotel-cum-banquet hall in Lonavala — ₹12.70 Cr
- 💰 General corporate purposes
About the Company
Pind Hospitality, set up in 2021 and based in Pune, runs North Indian and Punjabi restaurants — five outlets in Pune as of FY26, plus a food counter in an IT park and corporate catering. Most of its sales come through food-delivery apps and its own app. It plans to use the IPO money to build a hotel-cum-banquet property in Lonavala.
Strengths
- ✅ Strong delivery business, with a large base of repeat online customers
- ✅ Clustered outlets near offices and busy high streets in Pune
- ✅ Broad menu of more than 200 dishes and several revenue streams (dine-in, delivery, catering)
- ✅ Consistently profitable at a small scale
Risk Factors
- ⚠️ Relies heavily on third-party delivery platforms, which charge high commissions
- ⚠️ All outlets are in the Pune area
- ⚠️ PAT fell in FY26 (₹2.27 Cr vs ₹2.56 Cr) even as income grew
- ⚠️ The Lonavala hotel-banquet project is a new line of business for the company
- ⚠️ Past delays in GST and PF deposits, a temporary licence suspension and some missing approvals
Subscription Status
Not yet open
QIB: —
NII: —
RII: —
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | — | — | — | 0.00x |
| Day 2 | — | — | — | 0.00x |
| Day 3 | — | — | — | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
84.72%
Pre-IPO
→ -25.4%
59.3%
Post-IPO
Founders & Leadership
NM
Nimish Parveen Malhotra
Promoter & Managing Director
Leads the company as Managing Director
CM
Chirag Parveen Malhotra
Promoter
Member of the promoter group
IPO Timeline
✓
Open Date
28 Sep 2026
✓
Close Date
30 Sep 2026
✓
Allotment Date
01 Oct 2026
✓
Listing Date
06 Oct 2026
Key Financials
Revenue₹24.9 Cr
PAT₹2.3 Cr
EPS₹5.41
P/E Ratio18.30x
ROE15.65%
Market Cap₹59.39 Cr
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Total Income | 24.91 | 23.17 | 20.87 |
| Profit After Tax | 2.27 | 2.56 | 2.21 |
Amount in ₹ Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹5.41 | — |
| P/E (x) | 18.30x | — |
| ROE (%) | 15.65% | — |
| Promoter Holding | 84.72% | 59.3% |
| Market Cap | ₹59.39 Cr | |
IPO Registrar
Pind Hospitality IPO FAQs
Pind Hospitality IPO is an SME IPO with an issue size of ₹17.82 Cr at a price band of ₹93 – ₹99. Minimum lot size is 1200 shares and the minimum application is 2 lots (minimum investment ~₹2,37,600). Opened on 28 Sep 2026 and closed on 30 Sep 2026. Listed on BSE SME. Registrar: Bigshare Services.