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IPOs, NCDs, OFS, Rights Issues, Buyback and Stock Brokers

IPO Details

  • IPO Date
    [.]
  • Listing Date
    [.]
  • Face Value
    ₹2 per share
  • Price Band
  • Lot Size
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Fresh Issue
    [.] shares (agg. up to ₹300 Cr)
  • Offer for Sale
    71,20,030 shares of ₹2 (agg. up to ₹[.] Cr)
  • Share Holding Pre Issue
    5,78,73,000 shares

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Sat, Sep 27, 2025
SEBI/Exchange approval received Mon, May 4, 2026

Issue Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII Shares Offered Not less than 15% of the Net Offer

About Hotel Polo Towers Ltd.

Incorporated in 1986, Hotel Polo Towers Ltd. develops, owns, operates, and manages a chain of upscale and midscale hotels and resorts in Northeast, East, and North India under the ‘Polo’ and ‘Max’ brands.

As of August 31, 2025, the company’s hospitality portfolio includes nine operational hotels and resorts with a total of 425 keys, 17 on-premise cafés and restaurants, and two standalone cafés. It also operates 34 event and banquet spaces catering to meetings, incentives, conferences, and exhibitions (MICE).

Food and beverage (F&B) services form a core part of the business, generating stable revenues by serving both in-house guests and local community demand for organized dining.

The company is expanding its portfolio under two brand identities: the established “Polo” brand and the new “Chapter Hotels by Polo” brand, a boutique offering designed to deliver intimate, experiential stays. Upcoming properties include Polo Kohima and Polo Dimapur in Nagaland, Chapter Shillong, Chapter Nongkhlaw, Chapter Cherrapunjee (Sohra) in Meghalaya, and Polo Planters Lodge Resort in Dooars, West Bengal.

Over the years, Hotel Polo Towers has expanded its presence with hotels in Tura, Meghalaya, and Agartala, Tripura, along with resorts in Cherrapunjee (Sohra), Meghalaya, and Agartala, Tripura.

As of August 31, 2025, the company employed 630 permanent employees.

Company Financials (Restated Consolidated)

Period Ended 30 Sep 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 242.95 225.49 176.35 145.40
Total Income 115.78 227.37 194.33 179.48
Profit After Tax 18.24 41.27 34.14 22.25
EBITDA 25.46 53.88 44.09 30.69
NET Worth 197.01 178.74 137.34 103.15
Total Borrowing 3.85 6.79 5.11 1.50
Amount in ₹ Crore

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 Part-financing for the cost of establishment, expansion and upgradation of the existing properties: Lake Side Resort Project and Dimapur Project” together with Lake Side Resort Project referred as “Projects
    75.52
  • 2 Financing the capital expenditure requirements of the Company
    35.06
  • 3 Investment in the Subsidiaries for capital expenditure requirements
    27.04
  • 4 Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company
    36.30
  • 5 Investment in the Subsidiary, HPT Orchid Resort, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by the HPT Orchid Resort; and
    14.99
  • 6 Funding inorganic growth through unidentified acquisitions and general corporate purposes

Key Performance Indicator (KPI)

KPI Mar 31, 2025
ROCE 15.90%
RoNW 19.70%
PAT Margin 17.87%
EBITDA Margin 44.60%

 

Pre IPO Post IPO
EPS (₹) 3.82
Promoter Holding 100%
Kishan Tibrewalla, Prem Tibrewalla, Deval Tibrewalla, and Kishan Tibrewalla HUF are the company promoters.

IPO Registrar

MUFG Intime India Pvt.Ltd.

IPO Lead Manager(s)

  1. Equirus Capital Pvt.Ltd.  (Past IPO Performance)
  2. Motilal Oswal Investment Advisors Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Hotel Polo Towers Ltd. Address
Hotel Polo Towers
Polo Grounds
Shillong, Meghalaya, 793001

IPO FAQs

Hotel Polo Towers IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Hotel Polo Towers IPO open and close dates are not available as of now.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Hotel Polo Towers IPO using UPI as a payment gateway. Zerodha customers can apply in Hotel Polo Towers IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Hotel Polo Towers IPO through Zerodha

Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Hotel Polo Towers 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 Zerodha IPO Application Process Review for more detail.

The Hotel Polo Towers IPO dates are not announced. Please check back again after some time.

Hotel Polo Towers IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Hotel Polo Towers 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 Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Hotel Polo Towers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Hotel Polo Towers IPO allotment status.

The Hotel Polo Towers IPO listing date is not yet announced. The tentative date of listing is .

IPO FAQs

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