18 Feb 2019 | 2:35 AM

News

IPO
Chalet Hotels allots equity shares worth Rs 492.35 cr to anchor investors
Published on 01-29-2019
IPO-bound Chalet Hotels which owns develops and manages high-end hotels in major metro cities has allotted 17584071 equity shares in the upper band of Rs 280 per unit aggregating to Rs 492.35 crore as part of the anchor investor allotment.


Among 27 anchor investors SBI Small Cap Fund has been allotted 1785729 equity shares while Fidelity Funds - India Focus Fund and Goldman Sachs India have been allotted 1428615 equity shares each.


Others are HDFC Small Cap Fund and HDFC Standard Life Insurance Company which are allotted 1214336 shares each. DB international (Asia) is allotted 1190439 equity shares among others.


Chalet Hotels Friday announced a Rs 1600-crore initial public offering which includes issue of fresh equity and also sale by promoters.


The issue will open on January 29 and close 31st of this month.