EIH Limited IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the EIH IPO release date, IPO offer price, subscription, EIH Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
| Face Value | Rs 2 |
| Price Band | Rs 65 |
| Listing At | BSE, NSE, CSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| IPO Size | Rs 3,496,659,920 |
| Tick Size | NA |
EIH IPO is listed at Rs.63 premium. Check out the live share price by clicking on the below link.
EIH IPO – Summary
*EIH Limited, under the aegis of The Oberoi Group, operates hotels and cruisers in five countries under the luxury ‘Oberoi’ and five-star ‘Trident’ brands. The Group is also engaged in flight catering, airport restaurants, travel and tour services, car rentals, project management and corporate air charters.
The Group’s commitment to excellence, attention to detail and personalised service has ensured a loyal list of guests and accolades in the worldwide hospitality industry.
The Promoters of this company are PRITHVI RAJ SINGH OBEROI, SHIB SANKER MUKHERJI, VIKRAMJIT SINGH OBEROI, ARJUN SINGH OBEROI, DEEPAK MADHOK, ARAVALI POLYMERS LLP, BOMBAY PLAZA PRIVATE LIMITED, OBEROI BUILDINGS AND INVESTMENTS PRIVATE LIMITED, OBEROI HOLDINGS PRIVATE LIMITED, OBEROI HOTELS PRIVATE LIMITED, OBEROI INVESTMENTS PRIVATE LIMITED, OBEROI LEASING AND FINANCE COMPANY PRIVATE LIMITED, OBEROI PLAZA PRIVATE LIMITED AND OBEROI PROPERTIES PRIVATE LIMITED.
The lead manager to the issue is Ambit Capital Private Limited, and the Registrar to this issue is KFin Technologies Private Limited.
EIH IPO Date
The opening and the closing date of IPO of EIH Limited is Sep 29, 2020 – Oct 13, 2020.
EIH Limited IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
EIH Limited IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.
EIH Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
| Basis of Allotment Finalization | Oct 22, 2020 |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | Oct 23, 2020 |
| Share Listing Date | Oct 27, 2020 |
EIH IPO Price Band / Cash Price
The face value of each share is Rs.2, but the price band of the IPO is Rs.65
EIH Rights Issue Equity Size
This Initial Public Issue of 53,794,768 Equity Shares of Rs.2 each for cash at a price of Rs.65 per equity share aggregating to Rs.3,496,659,920.
EIH IPO – Live Performance
The listing date of this IPO is Oct 27, 2020. You can check the live performance of the IPO here, only after it is listed on exchanges.
EIH IPO Grey Market Premium
The EIH Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
EIH IPO – Company Overview
Oberoi Hotels & Resorts is synonymous the world over with providing the right blend of service, luxury and quiet efficiency. Internationally acclaimed for all-round excellence and unparalleled levels of service, Oberoi hotels and resorts have received innumerable awards and accolades. The last decade has witnessed the debut of new luxury Oberoi leisure hotels in India and abroad.
Trident hotels are five-star hotels that have established a reputation for excellence and are acknowledged for offering quality and value. These hotels combine state of the art facilities with dependable service in a caring environment, presenting the ideal choice for business and leisure travellers.
EIH IPO Business Verticals
They are the flagship company of The Oberoi Group, one of the largest and most well-known hospitality groups in India. Their primary business is the ownership, management and operation of five star deluxe and five star hotels in metropolitan and major tourist destinations throughout India and in select tourist locations overseas.
In addition to their primary hotel business, they are also involved in other businesses, such as flight and airport services, car rentals, air charter services, and a printing press.
EIH IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & millions) | ||
| 31-Mar-20 | Mar-19 | |
| Total Assets | 44,519.32 | 42,518.07 |
| Total Revenue | 16,746.94 | 18,796.07 |
| Total Expense | 15,080.62 | 15,879.00 |
| Profit After Tax | 1,651.43 | 1,489.57 |
Earnings per Equity Share (in Millions)
| 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 2.60 | 2.30 |
EIH Limited IPO – Promoters
The Promoter of this company are:
PRITHVI RAJ SINGH OBEROI, SHIB SANKER MUKHERJI, VIKRAMJIT SINGH OBEROI, ARJUN SINGH OBEROI, DEEPAK MADHOK, ARAVALI POLYMERS LLP, BOMBAY PLAZA PRIVATE LIMITED, OBEROI BUILDINGS AND INVESTMENTS PRIVATE LIMITED, OBEROI HOLDINGS PRIVATE LIMITED, OBEROI HOTELS PRIVATE LIMITED, OBEROI INVESTMENTS PRIVATE LIMITED, OBEROI LEASING AND FINANCE COMPANY PRIVATE LIMITED, OBEROI PLAZA PRIVATE LIMITED AND OBEROI PROPERTIES PRIVATE LIMITED
List of Related Parties (Key Managerial Personnel)
- Kallol Kundu, Chief Financial Officer
- S. N. Sridhar, Company Secretary and Compliance Officer
Competitive Strengths of EIH Limited
EIH Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 53,794,768 Equity Shares |
| Rights Entitlements | 8 Rights Equity Share for every 85 Equity Shares held on the Record Date |
| Record Date | September 23, 2020 |
| Issue Price | Rs. 65 per Rights Equity Share |
| Face Value per Rights Equity Share | 2 |
| Dividend | In proportion to the amount paid-up on the Rights Equity Shares |
| Issue Size | Up to Rs. 3,496,659,920 |
| Equity Shares outstanding prior to the Issue | 571,569,414 Equity Shares |
| Equity Shares outstanding after the Issue | 625,364,182 Equity Shares |
EIH IPO Issue Object
Their Company proposes to utilise the Net Proceeds towards funding the following objects:
1. Repayment/ prepayment in full or in part, of borrowings availed by their Company; and
2. General corporate purposes.
Business strategies of EIH Limited
EIH Limited 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:
- planning the scope of their audit work and in evaluating the results of their work; and
- to evaluate the effect of any identified misstatements in the consolidated financial statements.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | |||
| 31-Mar-19 | |||
| 31-Mar-18 |
EIH IPO : Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | NAV per share (Rs.) | |
| Listed Peers | |||||
EIH IPO Lead Managers
| Lead Managers |
| Ambit Capital Private Limited Ambit House 449, Senapati Bapat Marg Lower Parel Mumbai 400 013 Maharashtra, India Telephone: +91 22 6623 3000 E-mail: eih.rights@ambit.co Website: www.ambit.co Investor grievance e-mail: investorgrievance.acpl@ambit.co Contact Person: Miraj Sampat SEBI Registration No: INM000012379 |
EIH IPO Registrar to offer
| Registrar to the Offer |
| KFin Technologies Private Limited (formerly known as “Karvy Fintech Private Limited”) Selenium, Tower B Plot No 31 and 32, Financial District Nakramguda, Serilingampally Hyderabad, Rangareddi 500 032 Telangana, India Telephone: +91 40 6716 2222 E-mail: eihltd.rights@kfintech.com Website: www.kfintech.com Investor grievance e-mail: einward.ris@kfintech.com Contact Person: M Murali Krishna SEBI Registration No: INR000000221 |
EIH IPO – Other Details
- Statutory Auditor – Deloitte Haskins & Sells LLP, Chartered Accountants
- Legal Counsel to the Company – Khaitan & Co
- Bankers to the Company – The Federal Bank Limited, HDFC Bank Limited, The Hongkong and Shanghai Banking Corporation Limited, ICICI Bank Limited,
EIH Limited IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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