IPO · Professional & Local Services

Prestige Hospitality Ventures files for ₹2,700 crore IPO

By Startup Enthusiast · 25 April 2025

What they do

The firm builds and manages high-end to premium hotel properties catering to corporate and vacation guests

It submitted preliminary paperwork to secure ₹2,700 crore via a mix of new shares and existing stock

Capital raised will primarily settle outstanding loans and finance expansion through future asset purchases

Prestige Hospitality Ventures submitted its Draft Red Herring Prospectus to the market watchdog to initiate a public stock market entry.
The offering aims for ₹2,700 crore, split between ₹1,700 crore in new equity and ₹1,000 crore sold by the parent organization.
Management might execute a pre-IPO funding round of ₹340 crore, which would lower the amount of fresh shares offered.
Roughly ₹1,121.27 crore from the new capital is designated to clear debt obligations for the firm and its subsidiaries.
Surplus funds will facilitate external expansion via buying other businesses and general operational needs.
The entity maintains management contracts with international hospitality chains like Marriott International and Sheraton.

Financial performance shows revenue climbing to ₹662.68 crore during the nine-month period concluding in December 2024.
Annual turnover increased from ₹636.17 crore in the 2023 financial year to ₹795.70 crore in 2024.
The current footprint spans seven active hotels with 1,445 rooms, alongside a dozen projects in various development stages.

The business operates as the dedicated hotel division under Prestige Estates Projects Ltd.
It oversees a collection of properties spanning luxury to upscale market segments.
Notable assets include well-known locations such as The Oberoi and The Leela situated in Bengaluru.
The strategy centers on constructing and holding hotel real estate while partnering with global hospitality labels.
It provides lodging services tailored to both business professionals and leisure tourists.

The firm intends to utilize public funds to lower leverage and acquire additional hospitality assets.