Bharat Hotels IPO – Review, Allotment status, Subscription, GMP Price & more
Last Updated Date: Nov 16, 2022Bharat Hotels Limited are one of the leading privately-owned domestic hotel brands in India, according to the CRISIL Report, engaged in the business of operating and managing hotels, palaces and resorts, with a focus on the luxury segment. Bharat Hotels IPO consists of * Equity shares of Rs.10 each.
Let’s have a detailed review of the company and analytics of the Bharat Hotels IPO release date, IPO offer price, subscription, Bharat Hotels IPO allotment, Bharat Hotels IPO grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Bharat Hotels IPO Review & Ratings
| Bharat Hotels IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 7.8/10 |
| Industry Ranking | 8.7/10 |
| Company Background | 7.9/10 |
| Company Reputation | 8.6/10 |
| Competitive Edge | 8.3/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.7/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 8.1/10 |
| Overall Ratings | 8.0/10 |
| Star Ratings | ★★★★☆ |
Summary of Bharat Hotels Limited IPO
They are one of the leading privately-owned domestic hotel brands in India, according to the CRISIL Report, engaged in the business of operating and managing hotels, palaces and resorts, with a focus on the luxury segment. As at March 31, 2018, they operated 12 luxury hotels, palaces and resorts under The LaLiT brand and two mid-market segment hotels under The LaLiT Traveller brand across India‘s key business and leisure travel destinations, offering 2,261 rooms.
The LaLiT Great Eastern Kolkata received awards in 2018 for its chef, its bakery and its premium dining restaurant. Furthermore, they received the ―best card based loyalty program award at the Customer Loyalty Awards for Their loyalty program and the ―women at work leadership award at the Employee Engagement Leadership Awards for The LaLiT Suri Hospitality Group.
In 2017, they received a number of awards such as ―certificate of excellence from Trip Advisor for Their hotels operating under. The LaLiT brand in New Delhi, Jaipur, Khajuraho and Chandigarh, the ―best luxury hill resort award at the Outlook Traveller Awards 2017 for The LaLiT Grand Palace Srinagar and the ―best beach property award at the Outlook Traveller Awards – Boutique Hotel Awards 2017 for The LaLiT Resort & Spa Bekal (Kerala).
In 2016, The LaLiT New Delhi received the ―certificate of excellence‖ from Trip Advisor. In 2015, The LaLiT Temple View Khajuraho was listed among the ―10 best luxury hotels in India‖ by the Tripoto community. Kitty Su at New Delhi was the onl nightclub from India to feature in DJ Mag‘s top 100 clubs of the world for the years 2015, 2016 and 2017.
The Promoters of this company are DR. JYOTSNA SURI, MR. RAMESH SURI AND DEEKSHA HOLDING LIMITED. The lead manager to the issue is HDFC Bank Limited, Edelweiss Financial Services Limited, YES Securities (India) Limited and the Karvy Computershare Private Limited.
Open Free* Demat A/C Now! Fill the details below
Bharat Hotels IPO Date
The opening and the closing date of Bharat Hotels IPO is not known yet.
Bharat Hotels IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| Day 1 | ||||
| Day 2 | ||||
| Day 3 | ||||
| Day 4 | ||||
| Day 5 |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Bharat Hotels IPO Allotment Status
Will be updated soon.
Bharat Hotels IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Bharat Hotel IPO Equity Share Offering
*Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed so it will be aggregated to Rs (* Issue Price).
Open Free Demat Account Now!
Bharat Hotels Limited – Company Overview
They are one of the leading privately-owned domestic hotel brands in India, according to the CRISIL Report, engaged in the business of operating and managing hotels, palaces and resorts, with a focus on the luxury segment. As at March 31, 2018, they operated 12 luxury hotels, palaces and resorts under The LaLiT brand and two mid market segment hotels under The LaLiT Traveller brand across India‘s key business and leisure travel destinations, offering 2,261 rooms.
In addition, they hold the exclusive rights to provide management consultancy services in connection with the operation and management of a hotel in London, The LaLiT London, which offered 70 rooms as at March 31, 2018.
Their luxury hotels operating across India under The LaLiT brand are grouped into the following three categories:
1. City hotels: The LaLiT New Delhi, The LaLiT Mumbai, The LaLiT Ashok Bangalore, The LaLiT Great Eastern Kolkata, The LaLiT Jaipur and The LaLiT Chandigarh.
2. Palaces: The LaLiT Laxmi Vilas Palace Udaipur and The LaLiT Grand Palace Srinagar.
3. Resorts: The LaLiT Golf & Spa Resort Goa, The LaLiT Resort & Spa Bekal (Kerala), The LaLiT Mangar and The LaLiT Temple View Khajuraho.
Going forward, they intend to develop three new hotels under The LaLiT brand in Ahmedabad, Mangalore and Dehradun which will, in aggregate, offer 290 rooms and 115 cottages, when completed. They also intend to develop 50 additional rooms at The LaLiT Laxmi Vilas Palace Udaipur. They also operate two hotels in the mid market segment under The LaLiT Traveller brand, which are The LaLiT Traveller Jaipur and The LaLiT Traveller Khajuraho. They intend to develop fTheir new hotels under The LaLiT Traveller brand in Ahmedabad, Pune, Amritsar and Chitrakoot which will, in aggregate, offer 308 rooms, when completed.
Competitive Strengths of Bharat Hotels Limited:
- Distinctive hotel portfolio across key geographies in India
- Independent brand having an established track record in the Indian hospitality industry
- Diversified sources of revenue
- Well developed sales and marketing network
- Experienced leadership team
Business strategies of Bharat Hotels Limited:
- Continue to focus on enhancing Their operational performance and the competitiveness of their hotel properties
- Continue to improve operating efficiencies
- Expand Their operations by developing new hotels under The LaLiT and The LaLiT Traveller brands in select locations
- Expand the operations of their F&B brands
- Brand expansion through management contracts
- Continue to invest in human sesterces to support their expansion and further develop TLSHS
Bharat Hotel Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR Millions) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 26,013.33 | 25,534.47 | 23,171.33 | 22,748.31 | 21,995.81 |
| Total Revenue | 6,455.21 | 5,827.30 | 5,523.16 | 4,823.75 | 4,429.97 |
| Total Expense | 4,567.68 | 4,050.92 | 3,839.86 | 3,685.88 | 3,629.64 |
| Profit After Tax | 312.41 | 366.87 | 468.27 | 37.78 | 164.48 |
Earnings per Equity Share (INR Millions)
| 31-Dec-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic | 4.11 | 4.83 | 6.16 |
| Diluted | 4.11 | 4.83 | 6.16 |
From the above statements, one could find that the Bharat Hotel Limited may perform well.
Bharat Hotel IPO – Promoters
The Promoter of this company are:
- DR. JYOTSNA SURI,
- MR. RAMESH SURI AND
- DEEKSHA HOLDING LIMITED
Interest in the promotion of the Company
Their Promoters are not interested as a member of a firm or company, and no sum has been paid or agreed to be paid to Their Promoters or to such firm or company in cash or shares or otherwise by any the person either to induce them to become or to qualify them as a director or otherwise for services rendered by them or by such firm or company in connection with the promotion or formation of Their Company.
Their Promoter, Dr Jyotsna Suri, has given unsecured loans to certain of Their Subsidiaries and LSECT which are currently outstanding. Their Promoter, Deeksha Holding Limited, has also given unsecured loans to AZIL and LSECT which are currently outstanding. Accordingly, Dr Jyotsna Suri and Deeksha Holding Limited are interested in the extent of any interest earned on these loans.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires the approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters have not shown any interest in acquiring the intellectual rights of the company.
Bharat Hotels IPO Offer Details or Issue Details
| Offer | Up to * Equity Shares aggregating up to Rs Rs.12,000 million |
| Of which | |
| Fresh Issue | Up to [•] Equity Shares aggregating up to 2,420 million |
| Offer for Sale | Up to * Equity Shares aggregating up to [●] million |
| of which | |
| Offer for sale by promoters | Up to * Equity Shares aggregating up to [●] million |
| Of which: | |
| – Available for allocation to Mutual Funds only (5% of the QIB Category (excluding the Anchor Investor Portion)) | Up to * Equity Shares |
| Pre and post-Offer Equity Shares | |
| Equity Shares outstanding as of the date of this Draft Red Herring Prospectus |
75,991,199 Equity Shares |
| Equity Shares outstanding prior to the Offer | * Equity Shares |
| Equity Shares outstanding after to the offer | * Equity Shares |
| Use of Offer Proceeds | As the Offer comprises an Offer for Sale, their Company will not receive any proceeds from the Offer. |
Bharat Hotels IPO Issue Object
- Monitoring of Utilization of Funds and
- General corporate purposes.
Bharat Hotels IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Distinctive hotel portfolio across key geographies in India;
- Independent brand having an established track record in the Indian hospitality industry;
- Diversified spheres of revenue;
- Well developed sales and marketing network; and
- Experienced leadership team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-18 | 4.11 | 4.68 | 87.83 |
| 31-Mar-17 | 4.83 | 5.68 | 85.00 |
| 31-Mar-16 | 6.16 | 7.60 | 81.08 |
- Industry P/E Ratio:
| Particulars | P/E ratio (consolidated) |
| Average | 171.36. |
| Highest | 417.22 |
| Lowest | 51.43 |
- Competitive Peers:
There are no comparable listed companies in India engaged substantially in the same line of business as their Company, hence the comparison with industry peers is not applicable.
Bharat Hotel IPO – Lead Managers
| Lead Managers |
| HDFC Bank Limited
Edelweiss Financial Services Limited YES Securities (India) Limited |
| Registrar to the Offer |
| Karvy Computershare Private Limited Karvy Selenium Tower B, Plot No.31-32 Gachibowli Financial District Nanakramguda Hyderabad 500 032, India Tel: +91 40 6716 2222, Fax: +91 40 2343 1551 E-mail: einward.ris@karvy.com Website: www.karisma.karvy.com Investor Grievance ID: bharathotels.ipo@karvy.com Contact person: Mr. Murali Krishna SEBI Registration No.: INR000000221 |
Other Details:
- Statutory Auditor – Walker Chandiok & Co LLP
- Bankers to the Company – Axis Bank Limited, ICICI Bank Limited, YES Bank Limited and The Jammu & Kashmir Bank Limited.
Bharat Hotels IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.7/10 | 7.7/10 | 7.8/10 | 7.3/10 | 7.7/10 |
| Sharekhan | 7.4/10 | 7.4/10 | 7.5/10 | 7.7/10 | 7.8/10 |
| Kotak Securities | 7.7/10 | 7.4/10 | 7.3/10 | 7.8/10 | 7.5/10 |
| ICICI Direct | 7.8/10 | 7.7/10 | 7.5/10 | 7.5/10 | 7.7/10 |
| IIFL | 7.5/10 | 7.8/10 | 7.3/10 | 7.7/10 | 7.5/10 |
| Edelweiss | 7.3/10 | 7.5/10 | 7.7/10 | 7.3/10 | 7.3/10 |
| Zerodha | 7.7/10 | 7.3/10 | 7.7/10 | 7.5/10 | 7.7/10 |
| 5Paisa | 7.9/10 | 7.5/10 | 7.8/10 | 7.3/10 | 7.3/10 |
| Karvy | 7.7/10 | 7.3/10 | 7.5/10 | 7.5/10 | 7.7/10 |
| Motilal Oswal | 7.9/10 | 7.7/10 | 7.3/10 | 7.3/10 | 7.7/10 |
The ratings would be updated once the financials and the other details of the IPO are released.
Bharat Hotel IPO Grey Market Premium
Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Open Free* Demat A/C Now! Fill the details below
Bharat Hotels IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Market Guide
Featured Topics