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Prestige's hotels unit plans to launch its IPO in October
Mint Mumbai
|September 12, 2025
The IPO includes a ₹1,700 crore fresh issue and a ₹1,000 crore OFS by parent Prestige Estates Projects
Prestige Hospitality Ventures Ltd plans to launch its ₹2,700 crore maiden public offer in October, according to two people familiar with the matter, as it joins the league of hotel chains going public during a travel boom.
Prestige Hospitality's initial public offering (IPO) will be the third public listing in the hospitality sector this year after Brookfield-backed Schloss Bangalore Ltd, the operator of 'The Leela' brand; and Brigade Hotel Ventures Ltd raised ₹3,500 crore and ₹746 crore, respectively.
The Securities and Exchange Board of India (Sebi) approved Prestige Hospitality's offer in August.
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