Pind Hospitality
LISTEDIPO Date: 28 Sept - 30 Sept 2026
Listing Date: 6 Oct 2026
Price Range
₹93 to ₹99
Issue Size
18 Cr
Min Investment
₹2,23,200
2 lots minimum (SEBI rule for SME)
Min Application
2400 Shares
1200 per lot × 2
Schedule of Pind Hospitality
Issue open date
28 Sept 2026
Issue close date
30 Sept 2026
UPI mandate deadline
30 Sept 2026 (5 PM)
Allotment finalization
1 Oct 2026
Share credit
5 Oct 2026
Listing date
6 Oct 2026
Mandate end date
15 Oct 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 18 Cr |
| Fresh Issue | 18 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 1 Oct 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 6 Oct 2026Latest | ₹99 | ₹1 | ₹100(+1.01%) |
| 5 Oct 2026 | ₹99 | ₹1 | ₹100(+1.01%) |
| 4 Oct 2026 | ₹99 | ₹1 | ₹100(+1.01%) |
| 3 Oct 2026 | ₹99 | ₹1 | ₹100(+1.01%) |
| 2 Oct 2026 | ₹99 | ₹1 | ₹100(+1.01%) |
| 1 Oct 2026 | ₹99 | ₹1 | ₹100(+1.01%) |
| 30 Sept 2026 | ₹99 | ₹1 | ₹100(+1.01%) |
| 29 Sept 2026 | ₹99 | ₹20 | ₹119(+20.2%) |
| 28 Sept 2026 | ₹99 | ₹0 | ₹99(0%) |
| 27 Sept 2026 | ₹99 | ₹0 | ₹99(0%) |
| 26 Sept 2026 | ₹99 | ₹0 | ₹99(0%) |
Performance Pind Hospitality
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹93 to ₹99 | .... | ₹ 33.46 | -66.20% |
About Pind Hospitality
Pind Hospitality Limited operates in the consumer food-services industry under the “Pind Punjab” brand, primarily serving North Indian and Punjabi cuisine. The company operates dine-in restaurants, takeaway, food delivery and outdoor catering services in Pune, Maharashtra. Third-party food-delivery platforms contributed 78.38% of revenue from operations in FY2026, making digital delivery an important part of its business model. The company is also expanding into the hospitality sector through its Haveli Project, a hotel-cum-banquet facility being developed in Lonavala for destination weddings and corporate events.
| Founded in | 2021 |
| Managing director | Nimish Parveen Malhotra |
| Parent organization |
Financial Overview
Strengths
4- 1
Established Pind Punjab brand. The business has been operating under the Pind Punjab brand since 2016 and has completed more than 5 lakh food deliveries, providing an established customer base in Pune.
- 2
Multiple revenue channels. Apart from dine-in and takeaway, the company earns through food-delivery platforms and outdoor catering. Outdoor-catering revenue increased substantially to approximately ₹5.29 crore in FY2026.
- 3
Strong digital delivery presence. The company processed approximately 4.31 lakh orders through third-party food-delivery platforms in FY2026, providing significant customer reach without requiring its own large delivery network.
- 4
Expansion into hospitality. The proposed Haveli Project in Lonavala provides an opportunity to diversify beyond restaurants into hotel accommodation, destination weddings, banquets and corporate events.
Risks
4- 1
High dependence on food-delivery platforms. Third-party food-delivery apps accounted for 78.38% of revenue from operations in FY2026, exposing the company to platform commissions, policy changes and dependence on external platforms.
- 2
Geographical concentration. 100% of revenue was generated from operations in Pune during FY2024, FY2025 and FY2026, leaving the company exposed to local market conditions and competition.
- 3
New hospitality business. The Haveli Project represents entry into the hotel and banquet business, where the promoters have limited prior operating experience. Delays in construction or slower-than-expected demand could affect returns from the project.
- 4
Restaurant lease dependence. The company's restaurants operate largely from leased premises, making the business exposed to lease-renewal issues, rent increases and potential disruption if locations cannot be renewed.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 1 |
| Non-Institutional Investors (NIIs) | 0.51 |
| Retail Individual Investors (RIIs) | 0.03 |
| Employee | N/A |
| Total | 0.27 |