Prestige Hotel Ventures Files Draft Red Herring Prospectus With Sebi For Rs2700 Cr Ipo

Prestige Hotel Ventures Limited, backed by Prestige Estates Projects Ltd, has submitted its Draft Red Herring Prospectus (DRHP) to SEBI. This paves the way for a ₹2,700 crore IPO, split into a ₹1,700 crore fresh issue and a ₹1,000 crore offer-for-sale by the promoter. Investors can download the DRHP PDF from SEBI's website to review the price band, allotment details and full prospectus documentation.

The IPO consists of equity shares (₹5 face value) worth up to ₹1,700 crore and a ₹1,000 crore OFS by Prestige Estates Projects Ltd. The exact share price will be finalised in the DRHP; keep an eye on "prestige hotel files draft red herring prospectus with Sebi price" for updates.

Out of the fresh issue proceeds, ₹1,121.276 crore will repay or pre-pay loans: ₹397.248 crore for company borrowings and ₹724.028 crore for its Sai Chakra and Northland Holding subsidiaries. The remaining funds support new hotel projects, strategic acquisitions and general corporate needs.

Prestige Hotel Ventures owns seven operating hotels with 1,445 rooms, three projects under construction adding 951 rooms, and nine upcoming assets with 1,558 rooms. Properties span Bengaluru, Delhi-NCR, Mumbai, Chennai, Goa and Hyderabad.

The company manages luxury and upscale hotels under Marriott and Hilton brands—names like St. Regis, JW Marriott, Conrad by Hilton and others.

Part of Prestige Estates Projects Ltd, this hospitality arm benefits from 38 years of real estate experience and a market cap of ₹72,966 crore as of December 2024.

Revenue from hotel services rose to ₹795.695 crore in FY24 from ₹636.169 crore in FY23. In the nine months to December 2024, it reached ₹662.681 crore, up from ₹560.343 crore a year earlier. EBITDA margins and profitability show strong growth.

Search SEBI's site for "prestige hotel files draft red herring prospectus with Sebi PDF" or visit the SEBI archive. The full prospectus file and pricing information will be available for download.

Prestige Group prelaunch Project is Prestige Southern Star