Pind Hospitality IPO
Pind Hospitality IPO is a ₹17.82 Cr fresh issue opening on September 28, 2026, with a price band of ₹93 to ₹99 per share and listing on BSE SME.
Pind Hospitality IPO Details
Pind Hospitality IPO is a completely fresh issue of 18,00,000 equity shares. Of the total issue, 91,200 shares are reserved for the market maker and 17,08,800 shares form the net offer to the public.
Pind Hospitality IPO GMP
Pind Hospitality IPO GMP is currently reported at ₹0 per share. At the upper price band of ₹99, this indicates an estimated listing price of ₹99 based on the current unofficial grey-market quote. GMP is an unregulated market indicator and may change before listing. Current sources reported GMP at ₹0 around September 22–23, 2026.
Pind Hospitality IPO Timeline (Tentative)
Pind Hospitality Limited IPO timeline provides investors with important dates and events related to the public issue. It covers key stages such as the IPO opening date, closing date, basis of allotment, refund or demat credit date, and the expected listing date. Investors can use this timeline to keep track of the major IPO-related activities.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Mon, Sep 28, 2026 |
| IPO Close Date | Wed, Sep 30, 2026 |
| Basis of Allotment | Thu, Oct 1, 2026 |
| Initiation of Refunds | Mon, Oct 5, 2026 |
| Credit of Shares to Demat | Mon, Oct 5, 2026 |
| Listing Date | Tue, Oct 6, 2026 |
Pind Hospitality IPO Reservation
The net public issue consists of 18,000 shares for QIBs, 8,44,800 shares for NIIs and 8,46,000 shares for retail investors. A further 91,200 shares are reserved for the market maker.
About Pind Hospitality
Pind Hospitality Limited was incorporated on June 15, 2021 and operates in the hospitality sector, with a focus on restaurants and related food services. The company operates restaurants in Pune, Maharashtra, along with its partnership firm Pind Punjab. It provides dine-in, takeaway, delivery and catering services.
The company has completed more than 5 lakh deliveries and has built a presence through third-party food delivery platforms, its own mobile application, online bookings and telephone orders. It also provides outdoor catering for special events and workplace canteens.
The company operates restaurants on leave-and-license arrangements in Pune and sources food and other raw materials from local and organised vendors. Its operations include routine food safety and FSSAI compliance audits. As of March 31, 2026, the company had 135 employees across central functions including finance, human resources and administration.
Strengths
- Experienced promoters, management team and dedicated staff.
- Menu offerings supported by continuous menu innovation and customer focus.
- Strong online presence through digital and food delivery channels.
- Strategic restaurant locations in Pune.
- Positive profitability and established operating business.
- More than 5 lakh deliveries completed.
- Established presence in the Pune restaurant market.
Risks to Consider
- The company's operations are concentrated in Pune, making its business dependent on the performance of the local hospitality and restaurant market.
- A significant portion of the business is connected with third-party food delivery platforms, creating dependence on external digital platforms for customer reach and orders.
- The company operates restaurants through leave-and-license arrangements, making lease and location-related costs relevant to its operations.
- Revenue increased from ₹23.17 Cr in FY2025 to ₹24.91 Cr in FY2026, while PAT declined from ₹2.56 Cr to ₹2.27 Cr during the same period.
- The company's FY2026 Debt/Equity ratio was 0.88, with total borrowings of ₹12.74 Cr.
- The proposed Lonavala hotel-cum-banquet project involves capital expenditure and therefore carries project execution and cost-management considerations.
KPIs & Valuation
The reported FY2026 KPIs include ROE of 15.65%, ROCE of 15.83%, Debt/Equity of 0.88, PAT margin of 9.30% and EBITDA margin of 16.14%.
Objects of the Issue
The company proposes to use the net proceeds from the issue primarily for funding capital expenditure related to setting up a hotel-cum-banquet hall in Lonavala, Maharashtra, referred to as the Haveli Project. The remaining proceeds are proposed to be used for general corporate purposes.
- Funding capital expenditure and business expansion
- Meeting working capital requirements
- Repayment or prepayment of certain borrowings, if applicable
- General corporate purposes
- Meeting issue-related expenses
Promoters, Lead Managers & Registrar
The Promoters, Book Running Lead Managers (BRLMs), and Registrar play important roles in the Pind Hospitality Limited IPO process. This section provides key details about the company’s promoters, the intermediaries managing the IPO, and the registrar responsible for handling investor applications, allotment-related activities, and other issue-related processes.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Bigshare Services Pvt. Ltd. |
|---|---|
| Phone | 8657578989 / 8069219065 / 8069219060 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/IPO_Status.html? |
Pind Hospitality IPO Review
Pind Hospitality is an SME IPO from the hospitality and restaurant sector. The company has an established operating business in Pune, with restaurant, delivery and catering activities. Its financials show growth in total income from ₹20.87 Cr in FY2024 to ₹24.91 Cr in FY2026, while PAT increased from ₹2.21 Cr in FY2024 to ₹2.27 Cr in FY2026. However, PAT declined from ₹2.56 Cr in FY2025 to ₹2.27 Cr in FY2026.
At the upper price band of ₹99, the company is valued at a post-IPO P/E of 26.12x based on the reported post-issue EPS of ₹3.79. Investors should consider the company's financial performance, debt levels, restaurant concentration in Pune and the execution of its proposed Lonavala project alongside the issue valuation.
How to Apply
- Log in to your supported online IPO application platform through your broker or bank.
- Select the Pind Hospitality IPO from the IPO section.
- Enter your investor category and required application details.
- Enter the number of lots you wish to apply for.
- Enter the UPI ID linked to your bank account.
- Submit the IPO application.
- You will receive a UPI mandate request from your bank.
- Open your UPI application and approve the mandate.
- Ensure that sufficient funds are available in the linked bank account.
- Keep the application details and UPI mandate information for future reference.
Prospectus & Documents
The Prospectus / Documents section provides access to important documents related to the Pind Hospitality Limited IPO. Investors can refer to these documents for detailed information about the company, IPO terms, financial performance, risks, objects of the issue, shareholding, and other disclosures made as part of the public offering.
Last updated Sep 23, 2026.