Upcoming IPO 2018 in India – Bharat Hotels Approved for IPO of 1200 Crore
Bharat Hotels, which runs a five star hotel chain named Lalit Brand, has submitted a draft prospectus to bring an IPO to the capital market regulator SEBI. The company will raise Rs 1200 crore from the market through this IPO.
According to a draft document filed with SEBI, this IPO involves the sale of fresh equity shares of Rs 1,200 crore. The company will use this money to reduce its debt and meet other needs.
According to Drraft Paper, “The company will be listing equity shares on the stock exchanges. The company believes that this step will increase the company’s brand name.
HDFC Bank Limited, Edelweiss Financial Services Limited and Yes Securities (India) Limited will manage this IPO company.
By March 2018, the company was operating 12 luxury hotels, palaces and resorts in the country under the Lalit brand. In addition, the company operates two more medium budget hotels under The Fine Traveler. The company has hotels at major tourist destinations in the country and the company has 2261 total rooms.
Bharat Hotels IPO Reviews:
– To Be Updated.
|Bharat Hotels IPO Details|
|Subscription Dates||to be updated|
|Issue Price Band||To be updated|
|Minimum bid (lot size)||To be updated|
|Face Value||to be updated|
|IPO Size||INR 1200 Cr|
|Issue Type||to be updated|
|Listing At||BSE, NSE|