Pride Hotels Gets SEBI Go-Ahead for ₹1,000-Crore IPO
Pride Hotels secures SEBI approval to raise ₹1,000 crore through IPO.
By SOH Edit Team
Hospitality chain Pride Hotels has received regulatory approval from Sebi to raise funds through an initial public offering (IPO), according to a company update on Friday. Industry sources indicate the IPO size is targeted at ₹1,000 crore.
The company may also conduct a pre-IPO placement of up to ₹52 crore, which would proportionally reduce the fresh issue. Proceeds will be allocated toward renovation of existing properties, debt repayment, and general corporate purposes.
Current portfolio
Pride Hotels operates 34 hotels and resorts with a total inventory of 2,723 rooms. Chairman and MD Sureshchand Premchand Jain stated in December 2025 that the funds will be deployed over 12–27 months to renovate six of the company’s seven owned hotels in New Delhi, Ahmedabad, Kolkata, Bengaluru, Pune, and Chennai.
Alongside refurbishments, Pride Hotels is accelerating its expansion strategy.
