Pind Hospitality IPO
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Pind Hospitality IPO details
Schedule of Pind Hospitality
| Issue open date | 28 Sep 2026 |
| Issue close date | 30 Sep 2026 |
| UPI mandate deadline | 30 Sep 2026 (5 PM) |
| Allotment finalization | 01 Oct 2026 |
| Refund initiation | 05 Oct 2026 |
| Share credit | 05 Oct 2026 |
| Listing date | 06 Oct 2026 |
| Mandate end date | 15 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 30 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 29 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Pind Hospitality
Pind Hospitality operates in the consumer food services industry, managing food delivery services and dine-in restaurants under the recognized Pind Punjab brand. The business primarily functions on a hybrid model, generating a substantial portion of its revenue through third-party food delivery applications, which accounted for over 78% of its operations in recent years. Pind Hospitality strategically focuses on the Pune geographic market, where all its current operational revenues are concentrated. Following the acquisition of a significant stake in a related partnership firm, the business is consolidating its restaurant operations to streamline its footprint. Furthermore, Pind Hospitality is diversifying its service offerings by expanding into the hospitality and event sector. It is currently developing the Haveli Project in Lonavala, Maharashtra, a hotel-cum-banquet hall designed to cater to the destination wedding market and corporate conferences, thereby broadening its core revenue streams.
Financials of Pind Hospitality
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 17.82 |
| Fresh Issue – Proceeds go to the company | 17.82 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Capital expenditure for setting up Haveli Project in Lonavala | 12.7 (71.27%) |
| General Corporate Purposes | 5.12 (28.73%) |
Strengths
- Recognized Pind Punjab brand with a strong customer base in Pune.
- Successful hybrid operational model spanning online delivery and dine-in.
- High volume of revenue driven consistently through food delivery apps.
- Strategic expansion into destination weddings via the Lonavala Haveli Project.
- Strong track record of profitability and positive operating cash flows.
Risks
- High dependence on third-party food delivery apps for the majority of revenues.
- Entire operational revenue is highly concentrated within the Pune market.
- Promoters lack prior operational experience in the hotel and banquet sector.
- Vulnerability to lease non-renewals and rent increases for restaurant locations.
- Pending tax litigation and past delays in statutory compliance filings.
Allotment Status for Pind Hospitality
To check your IPO allotment status:
- Visit the Bigshare Services IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status
Subscription Figures for Pind Hospitality
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on September 30, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 0.18 | 0.18 | 1x |
| NII | 9.37 | 10.68 | 1.14x |
| Retail | 8.44 | 36.43 | 4.31x |
| Total | 18 | 47.29 | 2.63x |