Pind Hospitality IPO
Pind Hospitality IPO Details
-
Open Date
28 Sep 2026
-
Close Date
30 Sep 2026
- IPO Price Range
₹ 93 to ₹99
- IPO Size
₹ 17.82 Cr
Pind Hospitality IPO Timeline
Last Updated: 27 September 2026 5:44 AM by 5paisa
Pind Hospitality Limited operates in the restaurant and hospitality business under the “Pind Punjab” brand. Incorporated in June 2021, the Company primarily serves customers in Pune through dine-in, takeaway, online food delivery and outdoor catering channels.
Its restaurant menu focuses largely on North Indian and Punjabi cuisine and includes vegetarian and non-vegetarian dishes, thalis, meal combinations and selected Chinese and Thai offerings. The business also receives orders through third-party food delivery platforms, its own digital channels and telephone bookings.
Digital delivery forms a significant part of its operations. The Company served around 4.31 lakh orders through food delivery platforms during FY26, compared with approximately 4.30 lakh in FY25 and 4.23 lakh in FY24. Revenue generated through third-party food delivery apps stood at ₹19.16 crore in FY26. The Company has also expanded its outdoor catering activities, with revenue from this segment rising to ₹5.29 crore in FY26.
Established in: 2021
Managing Director: Nimish Parveen Malhotra
Peers:
United Foodbrands Limited
Speciality Restaurants Limited
Vikram Kamats Hospitality Limited
Pind Hospitality Objectives
1. Funding capital expenditure for setting up a hotel-cum-banquet hall in Lonavala, Maharashtra, referred to as the “Haveli Project”
2. General corporate purposes
Pind Punjab IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹17.82 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹17.82 Cr |
Pind Punjab IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,400 | 2,37,600 |
| Individual investors (IND) (Max) | 2 | 2,400 | 2,37,600 |
| HNI (Min) | 3 | 3,600 | 3,56,400 |
| S-HNI (Max) | 8 | 9,600 | 9,50,400 |
| B-HNI (Min) | 9 | 10,800 | 10,69,200 |
| Particulars (In ₹ Crores.) | FY24 | FY25 | FY26 |
| Revenue | 20.78 | 22.65 | 24.45 |
| EBITDA | 3.10 | 3.69 | 3.95 |
| PAT | 2.21 | 2.56 | 2.27 |
| Particulars (In ₹ Crores.) | FY24 | FY25 | FY26 |
| Total Assets | 26.04 | 28.33 | 37.72 |
| Share Capital | 4.20 | 4.20 | 4.20 |
| Total Liabilities* | 16.35 | 16.08 | 23.20 |
| Particulars (In ₹ Crores.) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) operating activities | 4.27 | 1.90 | 3.05 |
| Net Cash Generated From / (used in) Investing Activities | -15.76 | -2.17 | -6.47 |
| Net Cash Generated From / (used in) financing activities | 12.40 | -1.39 | 3.26 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.91 | -1.65 | -0.16 |
Strengths
1. The Company has an established presence under the Pind Punjab brand in Pune's restaurant market.
2. Its business reaches customers through multiple channels including dine-in, takeaway, food delivery platforms and outdoor catering.
3. Menu innovation and value-oriented offerings help the Company cater to different customer segments and dining occasions.
4. A meaningful online presence provides access to customers beyond physical restaurant footfall.
5. The Company's reported revenue from operations increased across FY24, FY25 and FY26.
Weaknesses
1. The business is geographically concentrated in Pune and nearby locations, increasing its exposure to regional demand conditions.
2. A significant portion of revenue is linked to third-party food delivery platforms, making the Company dependent on its relationships with these platforms.
3. Existing restaurant operations rely on leased or licensed premises, exposing the business to lease renewal, rental and property-related risks.
4. PAT declined from ₹2.56 crore in FY25 to ₹2.27 crore in FY26 despite growth in revenue.
Opportunities
1. The proposed Haveli Project in Lonavala can expand the Company's presence beyond its existing restaurant operations into hotel, banquet and event-related hospitality.
2. Growth in online food ordering and increased adoption of digital delivery channels can support wider customer reach.
3. Outdoor catering provides an additional revenue channel beyond restaurant dining and food delivery.
4. The Company's expansion strategy includes opening restaurants in new locations and selectively using franchise-led growth.
Threats
1. The restaurant and food-service industry remains highly competitive and fragmented, with competition from organised chains, standalone restaurants, cloud kitchens and unorganised operators.
2. Food safety issues, contamination or other food-related incidents could affect customer confidence, operations and brand reputation.
3. Changes in food prices, employee costs, rentals and other operating expenses can affect profitability.
4. Delays or cost overruns in developing the Haveli Project may affect the Company's expansion plans.
5. Changes in the commercial terms or performance of third-party food delivery platforms can affect order volumes and operating economics.
1. Revenue from operations increased from ₹20.78 crore in FY24 to ₹24.45 crore in FY26.
2. The Pind Punjab business operates across dine-in, takeaway, online delivery and outdoor catering channels.
3. The Company served approximately 4.31 lakh orders through food delivery platforms in FY26, reflecting the role of digital ordering in its business model.
4. The Haveli Project can broaden the Company's hospitality presence beyond its existing restaurant-focused operations.
5. Net worth increased from ₹9.69 crore in FY24 to ₹14.52 crore in FY26, although PAT moderated during FY26 and borrowings increased.
India's food-services market includes organised restaurant chains, standalone restaurants and a large unorganised segment. Consumer behaviour has increasingly incorporated delivery, takeaway and digitally enabled ordering alongside traditional dine-in formats. Factors such as urbanisation, changing lifestyles, rising internet penetration and greater adoption of online food-ordering platforms continue to influence how restaurant businesses reach customers.
Pind Hospitality currently operates predominantly in Pune and has built its business around the Pind Punjab brand, supported by dine-in operations, digital deliveries and catering. Revenue from operations increased from ₹20.78 crore in FY24 to ₹24.45 crore in FY26, while outdoor catering revenue also expanded during this period.
The proposed Haveli Project in Lonavala represents a move into a broader hospitality format combining hotel and banquet facilities. This can provide another revenue stream beyond its existing restaurant operations. However, geographic concentration, dependence on delivery platforms, competitive intensity and execution of the new project remain important considerations.
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FAQs
Pind Punjab IPO opens on September 28, 2026 and closes on September 30, 2026.
The Pind Punjab IPO has a total issue size of approximately ₹17.82 crore. It consists entirely of a fresh issue of up to 18 lakh equity shares.
The price band of Pind Punjab IPO is fixed at ₹93 to ₹99 per equity share.
To apply for Pind Punjab IPO, follow the steps given below:
1. Login to your 5paisa demat account and select the issue in the current IPO section.
2. Enter the number of lots and the price at which you wish to apply for the Pind Punjab IPO.
3. Enter your UPI ID and click on submit. Your bid will then be placed with the exchange.
4. You will receive a mandate notification on your UPI app to authorise the blocking of funds.
The bid lot is 1,200 shares. Individual investors are required to apply for a minimum of two lots, or 2,400 shares. At the upper price band of ₹99 per share, this translates into a minimum application amount of ₹2,37,600.
The tentative basis of allotment date for Pind Punjab IPO is October 1, 2026.
Pind Punjab IPO is tentatively scheduled to list on the BSE SME platform on October 6, 2026.
Fedex Securities Private Limited is the Book Running Lead Manager for the Pind Punjab IPO. Bigshare Services Private Limited is the registrar to the issue.
The Company intends to use the IPO proceeds primarily for funding capital expenditure towards setting up the Haveli Project, a proposed hotel-cum-banquet hall in Lonavala, Maharashtra, and for general corporate purposes.