28 Jan 2026 | 5 Mins Read
Pride Hotels gets SEBI nod for Rs 1,000 crore IPO
Flipitmoney
Pride Hotels, an Indian hospitality brand, received SEBI approval for its IPO, estimated at Rs 1,000 crore. The IPO size consists of a fresh issue of Rs 260 crore and an offer for sale of up to 39.24 million equity shares. Proceeds will be used for hotel renovations (Rs 159.68 crore), repayment of borrowings (Rs 40 crore), and general corporate purposes.