Pind Hospitality IPO Details

Bookbuilding IPO | ₹18 Cr | Listing at BSE SME | Mon, Sep 28, 2026 - Wed, Sep 30, 2026

Pind Hospitality IPO is a book build issue of ₹17.82 crores. The issue is entirely a fresh issue of 18.00 lakh shares of ₹17.82 crore.

Pind Hospitality IPO opens for subscription on Sep 28, 2026 and closes on Sep 30, 2026. The allotment for the Pind Hospitality IPO is expected to be finalized on Oct 1, 2026. Pind Hospitality IPO will list on the BSE SME with a tentative listing date fixed as Oct 6, 2026.

Pind Hospitality IPO is set issue price band at ₹93 to ₹99 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,37,600 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,56,400.

Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Bhansali Value Creations Pvt.Ltd.

Refer to Pind Hospitality IPO RHP for detailed Information.

IPO Open

Mon, Sep 28, 2026

IPO Close

Wed, Sep 30, 2026

Price Band

₹93 to ₹99

Market Cap*

₹59.39 Cr * on Upper Price

IPO Details

IPO Date

28 to 30 Sep, 2026
Listing Date

Tue, Oct 6, 2026
Face Value

₹10 per share
Issue Price

₹93 to ₹99
Lot Size

1,200 Shares
Sale Type

Fresh capital cum OFS
Issue Type

Bookbuilding IPO
Listing At

BSE SME

Total Issue Size

18,00,000 shares (agg. up to ₹18 Cr)
Reserved for Market Maker

91,200 shares (agg. up to ₹0.9029 Cr) Bhansali Value Creations Pvt.Ltd.
Fresh Issue (Ex Market Maker)

17,08,800 shares (agg. up to ₹17 Cr)
Net Offered to Public

17,08,800 shares (agg. up to ₹17 Cr)
Share Holding Pre Issue

41,98,812 shares
Share Holding Post Issue

59,98,812 shares

IPO Timetable (Tentative)

IPO Open

Mon, Sep 28, 2026
Allotment

Thu, Oct 1, 2026
Credit of Shares

Mon, Oct 5, 2026

IPO Close

Wed, Sep 30, 2026
Refund

Mon, Oct 5, 2026
Listing

Tue, Oct 6, 2026

Issue Reservation

Pind Hospitality IPO comprises a total issue size of 18,00,000 shares. The net offer to the public is 17,08,800 shares, after excluding 91,200 shares allotted on a firm basis. Of the Net offer 18,000 (1.05%) are allocated to QIB, 8,44,800 (49.44%) allocated to NII 8,46,000 (49.51%) allocated to RII.

Investor Category	Shares	% of Net Issue	% of Total Issue
QIB	18,000	1.05%	1.00%
NII (HNI)	8,44,800	49.44%	46.93%
− bNII > ₹10L	5,62,800		31.27%
− sNII < ₹10L	2,82,000		15.67%
Retail	8,46,000	49.51%	47.00%
Firm Reservations
Market Maker	91,200		5.07%
Total	18,00,000	100.00%	100.00%

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Application	Lots	Shares	Amount
Individual investors (IND) (Min)	2	2400	₹2,37,600
Individual investors (IND) (Max)	2	2400	₹2,37,600
S-HNI (Min)	3	3600	₹3,56,400
S-HNI (Max)	8	9600	₹9,50,400
B-HNI (Min)	9	10800	₹10,69,200

About Pind Hospitality Ltd.

Updated on Sep 23, 2026

Incorporated in June 15, 2021, Pind Hospitality Limited is engaged in the hospitality sector, specifically in hotels and restaurants. The company has completed over 5 lakh deliveries and is recognized as one of the long-standing restaurant partners in Pune by third-party food delivery apps.

Services:

Restaurants: The company, along with its partnership firm Pind Punjab, operates six restaurants in Pune, Maharashtra, with no permanent closures since 2016.
Delivery: The company serves customers through third-party food delivery apps, its own mobile app, online bookings, and phone orders. It also offers mobile pre-ordering for pick-up within a 6 km radius.
Outdoor Catering: The company also offers outdoor catering services for special events and workplace canteens, with revenue of 528.61 lakhs, ₹ 125.37 lakhs and ₹ 64.38 lakhs in the Fiscal 2026, Fiscal 2025 and Fiscal 2024 in recent periods.
Advertising Strategy: The company targets middle and upper-middle-class consumers through advertising focused on fresh, affordable food. It uses various media, including internet, print, direct marketing, and social media, to increase brand awareness.

The Company have taken four (4) restaurants on leave and license basis in Pune, Maharashtra (“PHL Restaurants”) and one (1) restaurants are taken on leave and license basis by Pind Punjab in Pune, Maharashtra

The company sources raw materials from local and organized vendors to meet safety and quality standards, including perishable items like dairy, vegetables, and meat. Restaurants undergo routine audits for FSSAI compliance.

As of March 31, 2026, the company had 135 staff, who formed a part of the central functions including finance, human resources and administration.

Competitive Strengths:

Experienced Promoters, management team and dedicated staff
Attractive offerings at competitive prices based on constant menu innovation and customer focus.
Strong on-line presence
Strategic locations
Strong financial position and profitability

Company Financials (Restated)

Pind Hospitality Ltd.’s revenue increased by 8% and profit after tax (PAT) dropped by 11% between the financial year ending with March 31, 2026 and March 31, 2025. (Amount in ₹ Crore)

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	37.72	28.33	26.04
Total Income	24.91	23.17	20.87
Profit After Tax	2.27	2.56	2.21
EBITDA	3.95	3.69	3.10
NET Worth	14.52	12.25	9.69
Reserves and Surplus	10.32	8.05	5.49
Total Borrowing	12.74

Recently Listed IPOs in Restaurants

Company	Issue Type	Issue Size	Issue Price	PE Ratio	Listing Day Close	Listing Gain/Loss %	LTP
Vegorama Punjabi Angithi Ltd.	SME	₹38.38 Cr	₹77	11.82	₹124.00	+61.04%	₹245.35

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Funding towards capital expenditure for setting up a hotel-cum-banquet hall in Lonavala, Maharashtra (Haveli Project

12.70
2 General Corporate Purposes
Total

12.70

Key Performance Indicator (KPI)

KPI	Mar 31, 2026
ROE	15.65%
ROCE	15.83%
Debt/Equity	0.88
RoNW	15.65%
PAT Margin	9.30%
EBITDA Margin	16.14%
NAV	34.59
Price to Book Value	4.29

IPO Valuation

Valuation Metric	Pre IPO	Post IPO
EPS (₹)	5.41	3.79
P/E (x)	18.3	26.12
Market Cap at Offer Price	₹41.57 Cr.	₹59.39 Cr

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

Shareholding Structure

Category	Pre IPO	Post IPO
Promoter and Promoter Group	84.72%	59.3%
Public	15.28%	40.70%
Total	100%	100%

Company Promoters: Nimish Parveen Malhotra, Chirag Parveen Malhotra and Anita Malhotra.

Pind Hospitality IPO Recommendations

Review By	Subscribe	May Apply	Neutral	Avoid
Brokers	0	0	0	0
Members	0	0	0	0

IPO Registrar

Bigshare Services Pvt.Ltd.

8657578989/8069219065/8069219060
ipo@bigshareonline.com
Visit Website

IPO Lead Manager(s)

Fedex Securities Pvt.Ltd.

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Pind Hospitality Ltd. Address

Plot no. 5,

Sairung Woods, Hinjewadi Phase 2,

Mulshi,

Pune, Maharashtra, 411057

+91 84373 76655
investor@pindhospitalitylimited.com
Visit Website

IPO FAQs

What is the Pind Hospitality IPO?

Pind Hospitality IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹93 to ₹99. The minimum order quantity is 1200.

The IPO opens on Mon, Sep 28, 2026, and closes on Wed, Sep 30, 2026.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

How to apply in Pind Hospitality IPO through Angel One?

Angel One customers can apply online in Pind Hospitality IPO using UPI as a payment gateway. Angel One customers can apply in Pind Hospitality IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Pind Hospitality IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Pind Hospitality IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When Pind Hospitality IPO will open?

The Pind Hospitality IPO opens on Mon, Sep 28, 2026 and closes on Wed, Sep 30, 2026.

What is the lot size of Pind Hospitality IPO?

Pind Hospitality IPO lot size is 1200, and the minimum amount required for application is ₹2,37,600, with 2 lots being the minimum application size.

How to apply for Pind Hospitality IPO?

You can apply in Pind Hospitality IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Pind Hospitality IPO allotment?

The finalization of Basis of Allotment for Pind Hospitality IPO will be done on Thursday, October 1, 2026, and the allotted shares will be credited to your demat account by Mon, Oct 5, 2026. Check the Pind Hospitality IPO allotment status.

When is Pind Hospitality IPO listing date ?

The Pind Hospitality IPO listing date is not yet announced. The tentative date of listing is Tue, Oct 6, 2026.