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Four Seasons Residency files DRHP with SEBI for public issue

24 Feb 2017 Evaluate

Four Seasons Residency has filed draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) to float its initial public offering (IPO). The company’s shares are proposed to be listed on the BSE and NSE.  

The IPO comprises sale of fresh issue of up to 1 crore equity shares of the company. The net proceeds from the issue will be utilized for capital expenditure for setting up a hotel and for other general corporate purposes.  Chartered Capital and Investment will act as a book running lead managers (BRLM) and Link Intime India as registerar to the issue.

At present there is no business activity in the company. The company is in the process of setting up a hotel at Plot no 70, Opp. Deendayal Petroleum University, Kudasan, Koba, Gandhinagar, Gujarat comprising of 230 Guest rooms.

Peers
Company Name CMP
Indian Hotel 669.15
ITC Hotels 166.20
EIH 335.00
Chalet Hotels 791.35
Mahindra Holi.&Resor 242.30
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