Chalet Hotels has debuted at Rs 291.00 on the BSE, up by 11 point or 3.93% from its issue price of Rs 280.
The scrip is currently trading at Rs 285.90, up by 5.90 points or 2.11% from its issue price. It has touched a high and low of Rs 293.50 and Rs 250.15 respectively. So far 4,36,000 shares were traded on the counter.
The offering, which was open for subscription between January 29, 2019 and January 31, 2019, was subscribed 1.02 times. The issue price was fixed at Rs 280 per share i.e. at upper end of price band of Rs 275-280 apiece.
Chalet Hotels is an owner, developer and asset manager of high-end hotels in key metro cities in India.
