01
Oct
#PrideHotelsIPO #DRHP #SEBI #HotelChain #IndianHospitality #CapitalMarkets #MotilalOswal #JMFinancial #IPOIndia New Delhi — Pride Hotels Limited, a well-established homegrown Indian hospitality brand, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). Headquartered in New Delhi, the company is recognized as the sixth-largest hotel chain in India based on chain-owned inventory within the upscale, upper midscale, and midscale segments, according to a Horwath Report. The IPO is structured to raise capital through a combination of a fresh issue of equity shares and a significant Offer for Sale (OFS). IPO…