Pind Hospitality IPO: dates, price band, lot size and GMP
Pind Hospitality IPO listed on 6 Oct at ₹79.2 (BSE SME). Issue dates 28 – 30 Sep 2026, price band ₹93 – ₹99, lot 1,200 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Updated 6 Oct 2026, 14:11 IST. Dated dealer references.
BuyUnlistedShares tracks 197 IPOs on its calendar; the Pind Hospitality IPO has a price band of ₹93 – ₹99, a lot of 1,200 shares and no grey-market premium reported yet as of 06 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 28 – 30 Sep 2026 |
| Price band | ₹93 – ₹99 |
| Lot size | 1,200 shares |
| Issue size | ₹17.82 Cr |
| Fresh issue | ₹16.92 Cr |
| Subscription | 2.71x |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead managers | Fedex Securities Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 28 Sep
- Issue closes: 30 Sep
- Allotment: 1 Oct
- Refunds: 5 Oct
- Demat credit: 5 Oct
- Listing: 6 Oct
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 1x |
| NII | 1.15x |
| sNII | 0.86x |
| bNII | 1.3x |
| Retail | 4.31x |
| Total | 2.71x |
Last updated 30 Sep 2026, 5:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | BSE SME |
| Market cap at the upper band | ₹59.39 Cr |
| P/E (pre-issue) | 18.3x |
| P/E (post-issue) | 26.12x |
| Fresh issue (shares) | 17,08,800 |
| Total shares offered | 17,08,800 |
| Promoter holding pre-issue | 84.72% |
| Promoter holding post-issue | 59.3% |
| Promoters | Nimish Parveen Malhotra, Chirag Parveen Malhotra, Anita Malhotra |
| Lead managers | Fedex Securities Pvt.Ltd. |
| Registrar phone | 8657578989/8069219065/8069219060 |
| Registrar email | ipo@bigshareonline.com |
| Company website | pindpunjab.in |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 2,400 | ₹2,37,600 |
| Retail (maximum) | 2 | 2,400 | ₹2,37,600 |
| sNII (minimum) | 3 | 3,600 | ₹2,37,600 |
| bNII (minimum) | 3 | 3,600 | ₹10,69,200 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| QIB | 1.1% | 18,000 | Not more than 50% of the Net Issue |
| NII (HNI) | 49.5% | 8,46,000 | Not less than 15% of the Net Issue |
| sNII | 16.5% | 2,82,000 | |
| bNII | 33% | 5,64,000 | |
| Retail | 49.4% | 8,44,800 | Not less than 35% of the Net Issue |
| Market Maker | 5.3% | 91,200 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 28 Sep | 1.00x | 0.00x | 0.00x | 0.00x | 0.02x | 0.02x |
| Day 2 · 29 Sep | 1.00x | 0.51x | 0.00x | 0.76x | 0.03x | 0.27x |
| Day 3 · 30 Sep | 1.00x | 1.15x | 0.86x | 1.30x | 4.31x | 2.71x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹5.41 |
|---|---|
| EPS (post-issue) | ₹3.79 |
| P/E (pre-issue) | 18.3x |
| P/E (post-issue) | 26.12x |
| RoNW | 15.65% |
| RoCE | 15.83% |
| RoE | 15.65% |
| PAT margin | 9.3% |
| EBITDA margin | 16.14% |
| Price / book | 4.29x |
| NAV per share | ₹34.59 |
| Debt / equity | 0.88 |
| Market cap (upper band) | ₹59.39 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 37.72 | 28.33 | 26.04 | +33.1% |
| Total Income | 24.91 | 23.17 | 20.87 | +7.5% |
| Profit After Tax | 2.27 | 2.56 | 2.21 | −11.3% |
| EBITDA | 3.95 | 3.69 | 3.1 | +7% |
| NET Worth | 14.52 | 12.25 | 9.69 | +18.5% |
| Reserves and Surplus | 10.32 | 8.05 | 5.49 | +28.2% |
| Total Borrowing | 12.74 | — | — | — |
About Pind Hospitality
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.
The company served 2.18 lakh, 4.23 lakh, 4.43 lakh, and 0.96 lakh orders through food delivery apps in the six months ending September 2024, 2024, 2023, and 2022, respectively.
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.
Services:
As of September 30, 2024, the company had 138 staff, who formed a part of the central functions including finance, human resources and administration.
Objects of the issue
- Funding towards capital expenditure for setting up a hotel-cum-banquet hall in Lonavala, Maharashtra (Haveli Project — ₹12.7 Cr
- General Corporate Purposes — ₹2.66 Cr
- Issue Expenses — ₹2.46 Cr
Net proceeds: ₹17.82 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Pind Hospitality Ltd. (issuer) | 5.41 | 5.41 | 34.59 | — | 15.65% | — | Consolidated |
| United Foodbrands Ltd. | −15.13 | −15.13 | 82.8 | 45.99x | −19.27% | 8.48 | Consolidated |
| Speciality Restaurants Ltd. | 4.52 | 4.52 | 74.33 | 31.7x | 5.78% | 1.93 | Consolidated |
| Vikram Kamats Hospitality Ltd. | 0.09 | 0.09 | 34.19 | 351.44x | 0.24% | 0.91 | Consolidated |
Notes: The figures of Pind Hospitality Limited are based on the Restated Financial Statements for the Financial year ended March 31, 2026. The figures for the peer group are for the Financial Year ended March 31, 2026 and are based on their consolidated financial statements filed with Stock Exchange.
Strengths (per the offer document)
- Experienced Promoters, management team and dedicated staff — Our Promoter and Whole-time Director namely Chirag Parveen Malhotra, a diploma in hotel management from Niagara College of Canada have first-hand knowledge and experience of working in dining…
- Strong on-line presence — We primarily operate and serve our customers through third-party food delivery apps including Swiggy.
- Strong financial position and profitability — We, alongwith the partnership firm, have been actively expanding for the past 10 (ten) years and have a consistent track record of growth in terms of revenues and profitability.
Risk factors (as disclosed by the company)
- Any adverse development in relation to our relationship with as well as performance of third-party food delivery apps, may adversely affect our business — Fiscal 2025 and Fiscal 2024 which represented ₹ 1,916.48 lakhs, ₹ 1,929.20 lakhs and ₹ 1,795.16 lakhs, respectively.
- We are exposed to all of the risks associated with leasing real estate, and any adverse developments could materially affect our business — As on the date of this Red Herring Prospectus, all of our business operations, including the restaurants owned and operated by our partnership firm is conducted on premises taken on leave and…
- We generate all our revenues from the city of Pune, Maharashtra and nearby location. Any event negatively affecting — the consumer food services industry in the city of Pune and nearby location could have a material adverse effect on our overall business and results of operations.
- Our Company, our Partnership firm and our Promoters are parties to certain tax proceedings. Any adverse decision — in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
- If we are unable to continue to build the Pind Punjab brand, our business, reputation and results of operations may be adversely affected — in the markets in which we operate.
- We may not be able to identify and obtain suitable restaurant locations — operations and financial condition.
- Our Company had negative cash flows during certain fiscal years in relation to our investing and financing activities — While we do not have negative operating cash flow in the preceding Fiscals, we have experienced negative cash flows from investing activities and financing activities.
- There are certain discrepancies and non-compliances noticed in some of our financial reporting and/or records relating to the filing of returns and deposit… — In the past, our Company has delayed in filing our GST & ESIC, PF returns for which, we have been required to pay the late filing fees along with interest on delayed deposit of due taxes and…
From the RHP (strengths pages 121–123, risk factors pages 31–35). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Pind Hospitality IPO GMP today and trend
- Pind Hospitality IPO subscription status, day by day
- Pind Hospitality IPO allotment status and how to check
Frequently asked questions
When does the Pind Hospitality IPO open and close?
The issue is scheduled for 28 – 30 Sep 2026.
What is the Pind Hospitality IPO price band?
The price band is ₹93 – ₹99 per share with a lot size of 1,200 shares.
How big is the Pind Hospitality IPO?
The total issue size is ₹17.82 Cr.
When will Pind Hospitality list?
The tentative listing date is 6 Oct on the SME platform.
How do I apply for the Pind Hospitality IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Pind Hospitality · as filed with SEBI · bseindia.com
- Red herring prospectus (RHP), Pind Hospitality · as filed · bseindia.com
- Registrar allotment page, Bigshare Services Pvt.Ltd. · allotment 1 Oct · ipo.bigshareonline.com
- BSE SME issues page · listing 6 Oct · bsesme.com
- Pind Hospitality company website · pindpunjab.in
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 6 Oct, 04:07 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Pind Hospitality IPO”, https://buyunlistedshares.com/ipo/pind-hospitality-ipo, as of 06 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk: the unlisted and pre-IPO dealing desk of Gayatri Financial Synergy, Faridabad, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 06 Oct 2026.
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