Pind Hospitality Ltd

PIND Pind Hospitality Ltd

BSE IPO

Bidding dates28 Sep 2026 - 30 Sep 2026

Price range₹93 - ₹99

Min. investment₹2,37,600

Issue size17.81 Cr

Lot size1200 Shares

IPO Timeline

Start date

28 Sep 2026

End date

30 Sep 2026

Allotment date

01 Oct 2026

Refund initiation

05 Oct 2026

Share credit

05 Oct 2026

Deactivate mandate

06 Oct 2026

About company

Incorporated in June 15, 2021, Pind Hospitality Limited is engaged in the hospitality sector, specifically in hotels and restaurants. The company has completed over 5 lakh deliveries and is recognized as one of the long-standing restaurant partners in Pune by third-party food delivery apps.

Services:

Restaurants: The company, along with its partnership firm Pind Punjab, operates six restaurants in Pune, Maharashtra, with no permanent closures since 2016.

Delivery: The company serves customers through third-party food delivery apps, its own mobile app, online bookings, and phone orders. It also offers mobile pre-ordering for pick-up within a 6 km radius.

Outdoor Catering: The company also offers outdoor catering services for special events and workplace canteens, with revenue of 528.61 lakhs, ? 125.37 lakhs and ? 64.38 lakhs in the Fiscal 2026, Fiscal 2025 and Fiscal 2024 in recent periods.

Advertising Strategy: The company targets middle and upper-middle-class consumers through advertising focused on fresh, affordable food. It uses various media, including internet, print, direct marketing, and social media, to increase brand awareness.

The Company have taken four (4) restaurants on leave and license basis in Pune, Maharashtra (“PHL Restaurants”) and one (1) restaurants are taken on leave and license basis by Pind Punjab in Pune, Maharashtra

The company sources raw materials from local and organized vendors to meet safety and quality standards, including perishable items like dairy, vegetables, and meat. Restaurants undergo routine audits for FSSAI compliance.

As of March 31, 2026, the company had 135 staff, who formed a part of the central functions including finance, human resources and administration.

Founded in 2021

Managing director Nimish Parveen Malhotra

Parent organisation Pind Hospitality IPO

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Strengths and Risks

Strengths

Operating primarily under the "Pind Punjab" brand, the company has built a long-standing operating track record in Pune, serving popular North Indian and Punjabi cuisine across strategic high-street locations, residential clusters, and corporate hubs.

The company benefits from experienced promoters and a stable operational history with no permanent restaurant closures recorded since 2016, pointing to disciplined store-level management.

The ?17.82 crore SME IPO is structured completely as a fresh issue of shares (no Offer for Sale), meaning all primary proceeds go directly into the company's balance sheet to fund future growth projects—specifically targeting capital expenditure for a new hotel-cum-banquet hall project (Haveli Project) in Lonavala, Maharashtra.

Risks

While total income grew by ~7.5% from ?23.17 crore in FY25 to ?24.91 crore in FY26, its Profit After Tax (PAT) dipped by roughly 11.3%, falling from ?2.56 crore to ?2.27 crore over the same period, highlighting margin compression pressures.

The company’s restaurant operations and revenue generation are heavily concentrated in Pune, Maharashtra. Any localized market disruptions, regional economic shifts, or intense hyper-local competition can disproportionately impact overall financials.

A major portion of the IPO proceeds is earmarked for a new hotel-cum-banquet venture in Lonavala. Expanding from pure-play restaurant operations into hospitality and banquet management introduces fresh project execution, construction, regulatory, and capital-absorption risks.