Let’s have a detailed review of the company and analytics of The Indian Hotels Company Rights Issue offer open date, Term of payment, The Indian Hotels Company Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 1
Issue PriceRs 150
Listing AtNSE, BSE
Min. Lot Size[●] Eq Shares
Record DateNovember 13, 2021
Issue Size (Rs.)Rs 1,98,210 Lakhs
Shares for Issue13,21,39,827 Eq Shares
Rights entitlementOne Rights Equity Share for every nine fully paid-up Equity
Shares held on the Record Date

The Indian Hotels Company Rights Issue is listed at NSE & BSE. Check out the live share price by clicking on the below link.

The Indian Hotels Company Share Price – Live Performance

The Indian Hotels Company Rights Issue – Summary

The Indian Hotels Company Rights IssueThey are one of the leading hospitality chains in India by a number of hotels focussed on being a dynamic hospitality ecosystem. They are primarily engaged in the business of owning, operating, and managing hotels and resorts primarily under various brands including, their flagship brand “Taj”.

The Company was incorporated in 1902 and is promoted by Tata Sons Private Limited, which held 38.09% of the Company’s shareholding as of September 30, 2021.

The Promoter of this company is TATA SONS PRIVATE LIMITED. The lead manager to the issue is Kotak Mahindra Capital Company Limited and HSBC Securities and Capital Markets (India) Private Limited, and the Registrar to this issue is Link Intime India Private Limited.


The Indian Hotels Company Rights Issue Date

The opening and the closing date of the IPO of The Indian Hotels Company Limited are November 24, 2021, and December 8, 2021, respectively.


The Indian Hotels Company Rights Issue Allotment Status

Here, you can find the Allotment Status of this Right Issue.

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.

The Indian Hotels Company Rights Issue Dates

Find the dates below on basis of allotment, record, listing, and more:

Issue Opening Date
November 24, 2021
Last date for on-market renunciation of rights / Date of closure of trading of Rights Entitlements, December 2, 2021
Issue Closing Date December 8, 2021
Finalizing the basis of allotment with the Designated Stock ExchangeDecember 16, 2021
Record dateNovember 13, 2021
Date of AllotmentDecember 17, 2021
Credit of Shares to Demat AccountDecember 20, 2021
Share Listing DateDecember 22, 2021

The Indian Hotels Company Rights Issue Price

The face value of each share is Rs.1, but the Cash Price is Rs.150 per Eq share. 


The Indian Hotels Company Rights Issue Equity Size

This Initial Public Issue of 13,21,39,827 Equity Shares of Rs.1 each for cash at a price of Rs.150 per equity share aggregating to Rs 1,98,210 Lakhs.


The Indian Hotels Company Rights Issue – Live Performance

The listing date of this IPO is December 22, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – The Indian Hotels Company Share Price

The Indian Hotels Company Rights Issue – Company Overview

Their first hotel, the Taj Mahal Palace, Mumbai, commenced operations in 1903. In the past few decades, they have expanded geographically to register their presence in key travel destinations both in India and internationally. They have also converted or restored former royal palaces in India into flagship hotels.

Some of their marquee hotels which are operated out of former royal palaces include Rambagh Palace, Jaipur, Umaid Bhawan Palace, Jodhpur, Taj Falaknuma Palace, Hyderabad, and Taj Lake Palace, Udaipur. In addition to the palace hotels, many hotels are located in iconic or heritage buildings, such as the Taj Mahal Palace, Mumbai, The Pierre, New York, or the Taj Cape Town, South Africa. In 2004, they launched hotels under the brand, “Ginger”, formerly, “Indione”, to cater to the budget segment.

They have, over time, systematically invested in creating assets directly or through subsidiaries, joint ventures, or associates in both India and international locations.

As of September 30, 2021, they operated or managed 170 hotels and resorts globally with approximately 19,774 rooms with a presence across various geographical segments, including beach resorts, hill stations, wildlife sanctuaries, major cities, and tourist destinations. Of this, they have 17 international hotels with 2,654 rooms in 13 international locations.


The Indian Hotels Company Rights Issue – 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 & Crores)
31-Mar-2131-Mar-20
Total Assets11,512.7111,518.26
*Total Revenue1,739.884,595.5
Total Expense2,749.374240.97
Profit After Tax(795.63)363.74

Earnings per Equity Share (in Lakhs)

31-Mar-2131-Mar-20
Basic(6.05)2.98
Diluted(6.05)2.98

Our total income decreased by 62.14% from Rs4,595.56 crores for the financial year ended March 31, 2020, to Rs1,739.88 crores for the financial year ended March 31, 2021, primarily due to a decrease in their revenue from operations during the year.

Their other income increased by 24.39% from Rs132.42 crores during the financial year ended March 31, 2020, to Rs164.72 crores during the financial year ended March 31, 2021, mainly due to lease rent concessions granted by lessors, gain on fair valuation of financial liability for the acquisition of shares in a company and an exchange gain recorded on restatement of a borrowing. Such increase was offset by a lower profit on the sale of non-core assets during the financial year ended March 31, 2021

IHCL Rights Issue – Promoters

The Promoters of this company are:

  1. TATA SONS PRIVATE LIMITED

List of Related Parties (Key Managerial Personnel)

  • N. Chandrasekaran, Chairman* and Non-Executive Director
  • Puneet Chhatwal, Managing Director and Chief Executive Officer
  • Nasser Munjee, Independent Director
  • Hema Ravichandar, Independent Director
  • Venkataramanan Anantharaman, Independent Director
  • Venu Srinivasan, Non-Executive Director

The Indian Hotels Company Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUp to 13,21,39,827 Equity Shares
Rights EntitlementOne Rights Equity Share for every nine fully paid-up Equity
Shares held on the Record Date
Record Date November 13, 2021
Issue Price per Rights Equity SharesRs.150/-
Issue SizeUp to 13,21,39,827  Equity Shares of the face value of Rs 1 each for cash at a price of Rs150 per Rights Equity Share up to the amount of Rs 1,98,210 Lakhs
Equity Shares issued, subscribed, and paid up prior to the Issue1,18,93,07,472 Equity Shares
Equity Shares subscribed and paid-up after the IssueUp to 132,13,98,272 Equity Shares

The Indian Hotels Company Rights Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Repayment, pre-payment, or redemption, in full or part, of certain borrowings availed by the Company;
2. Payment for the acquisition of 3,48,51,356 equity shares (aggregating 37.07% of the paid-up equity share capital) of RCL from its existing shareholders, namely, Omega TC Holdings Pte Limited, Tata Capital Limited, and Piem Hotels Limited;
3. Part-payment for the acquisition of 4,02,846 equity shares (aggregating 14.28% of the paid-up equity share capital) of ELEL Hotels and Investments Limited from Excalibur Assets and Capital Management Private Limited;
4. Investment in their step-down Subsidiary, namely, United Overseas Holding Inc., through their WOS, namely, IHOCO BV, for repayment or pre-payment of certain borrowings availed by such Subsidiary;
5. General corporate purposes.

The Indian Hotels Company – Business Strategy

  • Growing their portfolio
  • Brandscape
  • Emerging and new businesses
  • Margin expansion

IHCL Rights Issue Lead Managers

Lead Managers

Kotak Mahindra Capital Company Limited

HSBC Securities and Capital Markets (India) Private Limited

IHCL Issue Registrar to offer

Registrar to the Offer
Link Intime India Private Limited
C-101, 247 Park, 1st Floor
L.B.S. Marg, Vikhroli West
Mumbai 400 083
Tel: +91 22 4918 6200
E-mail: ihcl.rights2021@linkintime.co.in
Investor Grievance e-mail:
ihcl.rights2021@linkintime.co.in
Contact person: Sumeet Deshpande
Website: www.linkintime.co.in
SEBI Registration No.: INR000004058

IHCL- Other Issue Details

  • Statutory Auditor – B S R & Co. LLP, Chartered Accountants 
  • Legal Counsel to the Company – Cyril Amarchand Mangaldas
  • Bankers to the Company –Axis Bank Limited and ICICI Bank Limited


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    The Indian Hotels Company Limited Rights Issue News

    News 1 – IHCL Rights Issue Draft Download

    News 2 –  The Indian Hotels Company Rights Issue Letter of Offer


    The Indian Hotels Company Rights Issue Review FAQs

    Where to download The Indian Hotels Company Rights Issue letter of offer?

    This page is the perfect hub for shareholders, which wish to pursue the option of buying additional The Indian Hotels Company Company shares. You will find a news section towards the end of the page, and the link which would redirect you to the letter of offer.

    Where to download the Application Form for The Indian Hotels Rights Issue?

    Application forms of The Indian Hotels Company Rights Issue can be obtained via multiple destinations. You can seek out the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose either online or offline mode to submit it.

    How to check The Indian Hotels Rights Issue allotment date?

    They are highly oriented to provide you with end-to-end details of The Indian Hotels Company Rights Issue. Hence, they urge you to check out the page precisely for the allotment date. They will find a sub-section on the page, namely Rights Issue Dates, which features all necessary dates.

    What is The Indian Hotels Rights Issue price per share?

    Rights issue is generally an offer made to shareholders at a price lower than the market price. Hence, as per the offer made in the Letter of Offer, the company proposes to sell shares at Rs.150 per Equity Share through The Indian Hotels Company Rights Issue.

    Who is the registrar to The Indian Hotels Rights Issue?

    Registrar, as chosen by The Indian Hotels Company is Link Intime India Private Limited. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find the registrar’s address, contact person, and email id information.

    When The Indian Hotels Rights Issue is opening?

    They collected all the scattered data from the Letter of Offer for their readers, to make it easy for them to easily locate the required details. As per the offer stated, The Indian Hotels Company Rights Issue is all set to open on November 24, 2021.

    When The Indian Hotels Rights Issue is closing?

    While the offer would open on November 24, 2021, it is most likely scheduled to close on December 8, 2021. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on The Indian Hotels Company Rights Issue.

    What are Indian Hotels Company Issue size?

    The Indian Hotels Company Rights Issue is a proposal to raise 13,21,39,827 Equity shares, aggregating to Rs 1,98,210 Lakhs, from the existing shareholders. You can furthermore refer to the topmost table of this article to check out other crucial statistics such as Minimum Lot size, record date, RE, Face value, and more.

    Who is The Indian Hotels Company Lead manager?

    A designated underwriter or lead manager of The Indian Hotels Company Rights Issue is Kotak Mahindra Capital Company Limited and HSBC Securities and Capital Markets (India) Private Limited. They also provide you with the information you need about the lead manager, such as an address, contact person, email address, and more. Such data is structured towards the end of the article.

    What are the important dates of The Indian Hotels Company Issue?

    There are a bunch of important dates regarding The Indian Hotels Company Rights Issue, which you need to know about. The priority should be the Record Date of November 13, 2021., which deems you eligible for investment. The rest of the dates include opening, closing, allotment, listing, and more, which are all provided in the section Rights Issue Dates.


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