- POSITIVE
Annual Revenue Pind Hospitality Mar-2026 Annual Revenue is Rs 25 Cr which is growth of 7.5% YoY.
- NEGATIVE
Annual Net Profit Pind Hospitality Mar-2026 Annual Net Profit is Rs 2 Cr which is growth of -11.3% YoY.
Pind Hospitality was incorporated on June 15, 2021. The company has completed over 5 lakh deliveries and operates five restaurants in Pune under the “Pind Punjab” brand, with three managed by its partnership firm and two by the company. Its diverse menu, value offerings, digital adoption and presence on food delivery platforms support customer reach, satisfaction and revenue growth
| Bidding Dates |
|---|
| 28 Sep 2026 - 30 Sep 2026 |
| Subscription |
|---|
| 2.63x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹223,200 | 2 | 2 | 1200 | 1.8 M | ₹93 - ₹99 | 59.3 % | ₹167.4 M - ₹178.2 M | RHP DOC |
Pind Hospitality IPO SUBSCRIPTION STATUS
30 Sep '26Total2.63x
Retail Individual Investor4.31x
HNI (NII) Investors1.14x
Qualified Institutional Buyers1x
Pind Hospitality IPO overall subscription rate was 2.63 times the total available shares
Pind Hospitality IPO retail subscription rate was 4.31 times in the retail segment
Pind Hospitality IPO non-institutional investor subscription rate was 1.14 times in the non-institutional investor category
Pind Hospitality IPO Qualified Institutional Bidder subscription rate was 1 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 Sep 2026 (Day 3) | 4.31x | 1.14x | 1x |
29 Sep 2026 (Day 2) | 0.03x | 0.55x | 1x |
28 Sep 2026 (Day 1) | 0.02x | 0x | 1x |
Pind Hospitality FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 24.5 | 2.3 | 3.1 | 2.4 | 16.1% |
| FY25 | 22.6 | 2.6 | 1.9 | 0.3 | 16.3% |
| FY24 | 20.8 | 2.2 | 4.3 | -7.2 | 14.9% |
Pind Hospitality IPO SUBSCRIPTION STATUS DETAILS
Pind Hospitality had 1.8 M shares on offer
Pind Hospitality IPO offer price was in the range ₹93 - ₹99
Pind Hospitality IPO minimum Investment was ₹223200
Pind Hospitality IPO issue size was ₹ 167.4 M - ₹ 178.2 M
Pind Hospitality had a minimum lot size of 1200 Shares per application
Pind Hospitality NUMBER OF SHARES ON OFFER
Total1.8 M
Fresh Issue1.8 M
Offer for Sale0
Post Issue Promoter Holding %59.3 %
Pind Hospitality IPO IMPORTANT DATES
| Issue Open Date | 28 Sep 2026 |
| Issue close Date | 30 Sep 2026 |
| Allotment Date | 01 Oct 2026 |
| Refund Date | 05 Oct 2026 |
| Demat Account Credit Date | 05 Oct 2026 |
| Listing Date | 06 Oct 2026 |
| Listing on Exchange(s) | BSE |
| Pind Hospitality Allotment Status | Exchange/ Registrar |
Pind Hospitality IPO subscription opened on 28 Sep 2026, and closed on 30 Sep 2026
IPO allotment for Pind Hospitality was finalized on Thursday, 01 Oct 2026
IPO listing for Pind Hospitality was on BSE on Tuesday, 06 Oct 2026
Pind Hospitality IPO LISTING GAINS
| Issue Price (adjusted) | 99.0 |
| Listing Open Price | 79.2 |
| Listing Close Price | 75.2 |
| Listing Gain% | -20.0% |
| Current Gain% | -72.5% |
Pind Hospitality Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pind Hospitality Ltd. | 27.2 | 16.3 | 7.2 | -0.6 | 0.7 | 15.6 | 6 | 24.9 | 7.5 | 2.3 | -11.3 | 3.8 | -11.3 |
| Jubilant Foodworks Ltd. | 421.9 | 27838.9 | 64.2 | 0.8 | 2.8 | 18.7 | 4.5 | 9586.6 | 16.7 | 428.5 | 103.3 | 6.6 | 75.9 |
| Travel Food Services Ltd. | 1152.5 | 15180.3 | 31.9 | 1.7 | 8.8 | 30.6 | 19.3 | 1742.6 | -1.1 | 441 | 21.4 | 36.1 | 19.1 |
| Devyani International Ltd. | 120.4 | 14844.6 | -536.4 | 3.8 | 2.5 | -2.5 | -0.6 | 5656.6 | 13.4 | -38.6 | -522.2 | -0.2 | -140.1 |
| Westlife Foodworld Ltd. | 593.8 | 9259.5 | 4767.9 | -50.3 | 3.3 | 5.2 | 1.1 | 2657 | 5.6 | 32.3 | 166.2 | 0.1 | -94.8 |
| Sapphire Foods India Ltd. | 199 | 6397.1 | -970.6 | 1.3 | 1.9 | -2.3 | -1 | 3153.4 | 8 | -32 | -266 | -0.2 | -731.1 |
Annual
Balance Sheet
Ratios
Cash Flow
Pind Hospitality annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | Mar '26 | Mar '25 | Mar '24 |
|---|---|---|---|---|
| 24.9 | 23.2 | 20.9 | ||
Operating Exp. Ann. | 20.5 | 18.9 | 17.7 | |
Operating Profit Ann. | 4 | 3.7 | 3.1 | |
OPM Ann. % | 15.94% | 15.99% | 14.87% | |
| 21.4 | 19.6 | 17.9 | ||
EBITDA Ann. | 4.4 | 4.2 | 3.2 | |
EBITDA Ann. margin % | 17.79% | 18.26% | 15.32% | |
Interest Ann. | 0.8 | 0.5 | 0.2 | |
Depr. | 0.1 | 0.1 | 0.1 | |
PBT Ann. | 3.5 | 3.6 | 2.9 | |
Tax Ann. | 1.3 | 1 | 0.7 | |
| 2.3 | 2.6 | 2.2 | ||
Net Profit Ann. | 2.3 | 2.6 | 2.2 | |
NPM Ann. % | 9.29% | 11.31% | 10.65% | |
EPS Adj. latest Ann. | 3.8 | 4.3 | 3.7 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
7.3%
2Y CAGR
9.2%
Net Profit Ann.
1Y CHG
-11.5%
2Y CAGR
2.2%
Operating Exp. Ann.
1Y CHG
8.5%
2Y CAGR
7.6%
Pind Hospitality INFORMATION ON IPO ISSUE
About Pind Hospitality
Pind Hospitality was incorporated on June 15, 2021. The company has completed over 5 lakh deliveries and operates five restaurants in Pune under the “Pind Punjab” brand, with three managed by its partnership firm and two by the company. Its diverse menu, value offerings, digital adoption and presence on food delivery platforms support customer reach, satisfaction and revenue growth
Object of the Issue
- Funding towards capital expenditure for setting up a hotel-cum-banquet hall in Lonavala, Maharashtra
- General corporate purpose
Pind Hospitality - PROMOTERS
| Name |
|---|
| Nimish Parveen Malhotra |
| Chirag Parveen Malhotra |
| Anita Malhotra |
Pind Hospitality - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Nimish Parveen Malhotra | Chairman & Managing Director |
| Chirag Parveen Malhotra | Whole-time Director |
| Anita Malhotra | Executive Director |
| Arvind Kumar Kushwaha | Non- Executive Independent Director |
| Shitij Mukesh Sharma | Non- Executive Independent Director |
| Ashish Krishan Sharma | Non- Executive Independent Director |
Pind Hospitality Book Running Lead Manager
Fedex Securities Private Limited
mb@fedsec.in
Pind Hospitality Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Pind Hospitality Strengths
Multi-channel customer reach
The company primarily serves customers through third-party food delivery apps, including Swiggy, and has completed 5.5 lakh deliveries, along with orders through its mobile app, online and telephone bookings. It also serves corporate customers through bulk and catering orders and operates a food counter at an IT park in Pune, supporting customer reach and brand visibility
Strength
Diverse & evolving menu
The company offers vegetarian and non-vegetarian Indian cuisine, including affordable meal combos and dishes tailored to local tastes and seasonal preferences. Its experience, customer feedback and continuous menu innovation help meet changing customer expectations, retain repeat customers and attract new guests
Strength
Cluster based expansion
The company follows a cluster-based expansion strategy, establishing a strong presence in one region before entering new markets; all five restaurants are currently located in Pune, with expansion underway in nearby Lonavala. It plans to continue expanding through company-owned and selective franchise outlets around Pune and gradually enter other Indian cities
Strength
Pind Hospitality Risks
Food safety & health risks
The company is exposed to risks from food-borne illnesses, contamination, allergic reactions and other food-related incidents involving its restaurants, suppliers or logistics partners. Such incidents could lead to restaurant closures, product losses, regulatory penalties, litigation, reputational damage and adversely affect its business and financial performance
Risk
Competition
The company operates in a highly competitive and fragmented restaurant and food delivery industry with relatively low entry barriers, competing with local food stalls, cloud kitchens, unorganised players and established competitors. Increasing competition, pricing pressure, stronger competitors or exclusive arrangements with food delivery platforms could reduce its customer base, margins and adversely affect its business and financial performance
Risk
Depend on third-party logistics
The company relies on third-party logistics providers for transporting ingredients, packaging materials and other supplies, without dedicated in-house transportation or long-term agreements with service providers. Delays, damaged or lost goods, rising transportation costs, strikes, weather events or other disruptions could increase costs, delay operations and adversely affect its business and financial performance
Risk
IPO FAQs
The promoters of the company are Nimish Parveen Malhotra, Chirag Parveen Malhotra and Anita Malhotra.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 93.0 - 99.0.
The IPO application opens on Sep 28, 2026 and closes on Sep 30, 2026.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 223,200.0, the maximum value for this IPO is Rs 237,600.0.
This IPO will be allotted on Oct 01, 2026.
The refund will be credited to your account on Oct 05, 2026.
The allotted shares will be credited to your demat on Oct 05, 2026.
Pind Hospitality Ltd.’s shares listed on the stock exchanges on Oct 06, 2026.