Pride Hotels IPO Subscription in 2008

December 27, 2007

Pride Hotels IPO is planned in the first quarter of 2008. Pride Hotels is five-star business hotel chain headquartered in Mumbai with expansion plans of around Rs 3.5 billion. For its expansion plans the hotel chain has received Rs. 450 million as part investment from Kotak Real Estate and further Rs 100 million from Mauritius based fund company.  Pride Hotels has currently 430 rooms in Pune, Madras, Nagpur and has expansion plans to raise the number of rooms to 1126 by the year 2010. The company also plans to build a 200 room hotel in Mumbai near the International Airport and other new hotels in Bangalore and Goa. Funds raised from the Pride Hotels IPO will help the company to expand the presence to major parts of India. More updates regarding the Pride Hotels IPO will be updated here soon. Do visit us regularly for more updates on the Pride Hotels IPO Subscription and the Pride Hotels IPO Reviews.

Posted in IPO-Subscription, Indian IPOs