SME
IPO ·
BSE SME
Pind Hospitality Ltd
Listed
Runs six restaurants in Pune with delivery, online ordering and outdoor catering.
Issue details
Price band
₹93 – ₹99
Face value
₹10
Lot size
1,200 shares
Minimum investment
₹2,37,600
Issue size
₹17.82 Cr
Fresh issue
₹17.82 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
28 Sep 2026
Closes
30 Sep 2026
UPI mandate cut-off
5:00 PM on 30 Sep 2026
Allotment
1 Oct 2026
Refunds
5 Oct 2026
Shares in demat
5 Oct 2026
Listing
6 Oct 2026
Subscription and listing
Subscription
2.71x
Listing price
₹79.20
Registrar
Bigshare Services Pvt Ltd
Lead manager
Fedex Securities Pvt Ltd
Subscription by category
QIB (Ex Anchor)
1.00x
NII *
1.15x
bNII (> ₹10L)
1.30x
sNII (< ₹10L)
0.86x
Individual Investor
4.31x
Total
2.71x
Total applications
1,624
Listing day
Issue price
₹99
Open
₹79.20
High
₹79.20
Low
₹75.24
Day close
₹75.24
Listing gain at open
-20.00%
Issue structure
Shares reserved per category and share of the total issue
QIB
18,000
1.00%
NII
8,46,000
47.00%
bNII > ₹10L
5,64,000
31.33%
sNII < ₹10L
2,82,000
15.67%
Retail
8,44,800
46.93%
Market Maker
91,200
5.07%
Total
18,00,000
100.00%
Finaccle’s quick read
Avoid
PAT fell from ₹2.56 Cr to ₹2.27 Cr in FY26 while debt/equity rose to 0.88, and the post-issue P/E is 26.12.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Pind Hospitality runs six restaurants in Pune, directly and through its partnership firm Pind Punjab, and also does outdoor catering. Customers order through dine-in, delivery apps, its own app and phone orders. The company plans a hotel-cum-banquet hall in Lonavala and earned about ₹25 Cr in FY26 with 135 staff.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
15.65%
ROCE
15.83%
Debt / equity
0.88
PAT margin
9.30%
P/E post issue
26.12
Market cap
₹59.39 Cr
Use of IPO money
Hotel-cum-banquet hall, Lonavala (Haveli Project)
₹12.70 Cr
General corporate purposes
₹2.66 Cr
Issue expenses
₹2.46 Cr
Strengths
✓
Six established restaurants in Pune
✓
Growing outdoor catering business
✓
Strong online ordering presence
✓
Entirely fresh issue
Risks to watch
!
PAT fell 11% in FY26
!
Borrowings of ₹12.74 Cr appeared in FY26 (D/E 0.88)
!
Post-issue P/E of 26.12 is rich for a small restaurant chain
!
Most proceeds go to a new hotel project outside its core business
!
Concentrated in a single city
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.