BSE List Price : ₹79.20

Subscription

Category	Times
QIBs	1x
HNIs	1.26x
Retail	4.31x
Total : 2.77x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	2,400	₹237,600
Retail Maximum	2	2,400	₹237,600
S - HNI Minimum	3	3,600	₹356,400
S - HNI Maximum	8	9,600	₹950,400
B - HNI Minimum	9	10,800	₹1,069,200

About the Company

Pind Hospitality Limited operates North Indian restaurants and a food-delivery business in Pune under the “Pind Punjab” brand. The company operates directly and through Pind Punjab, a partnership firm in which it holds a 97.50% interest.

As of the RHP, the business had five restaurants and one food counter in Pune. It serves customers through dine-in, takeaway, third-party food-delivery platforms and outdoor catering.

Products & Services

• North Indian & Punjabi Cuisine
• Dine-in Restaurant Services
• Food Delivery
• Takeaway Services
• Outdoor Catering
• Corporate / Workplace Catering
• Banquet & Hospitality Services — proposed through the Haveli Project

The company served approximately 4.31 lakh delivery-app orders in FY2026, with an average bill value of approximately 445.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹20.87	₹17.93	₹2.21	₹26.04
2025	₹23.17	₹19.57	₹2.56	₹28.33
2026	₹24.91	₹21.39	₹2.27	₹37.72

Company Promoter

Nimish Parveen Malhotra

Chirag Parveen Malhotra

Anita Malhotra

Know before investing

• • Strengths

  Established Restaurant Brand:
  The business has operated under the Pind Punjab brand since 2016 and has completed more than 5 lakh food-delivery orders over its operating history.

  Multiple Revenue Channels:
  Revenue is generated through online food delivery, restaurant sales and outdoor catering, providing more than one operating channel.

  Growing Outdoor Catering Business:
  Outdoor catering revenue increased from 125.37 lakh in FY2025 to 528.61 lakh in FY2026, according to the RHP.

  Large Delivery Order Base:
  The company recorded approximately 4.31 lakh delivery-app orders in FY2026, demonstrating an established food-delivery customer base.

  Expansion Through Haveli Project:
  IPO proceeds are primarily intended for a 46-room hotel-cum-banquet hall in Lonavala, which is intended to expand the company's business beyond its existing restaurant operations.

• • Risks

  High Dependence on Food-Delivery Platforms:
  Third-party delivery platforms accounted for approximately 78.38% of revenue from operations in FY2026. Changes in commissions, terms or platform relationships could affect the business.

  Geographical Concentration:
  100% of revenue came from Pune during FY2026, resulting in significant dependence on one geographic market.

  New Business Segment Risk:
  The IPO-funded hotel and banquet business is a new line of business, and the promoters do not have prior experience operating hotels or banquet halls, according to the RHP.

  Supplier Concentration:
  The top 10 suppliers contributed approximately 93.52% of purchases in FY2026, creating dependence on a limited supplier base.

  Financial & Liquidity Risk:
  The company reported only 1.32 lakh of cash as of March 2026, and certain term-loan instalments were paid 86 to 88 days late due to shortage of funds.

  Regulatory & Licence Issues:
  The RHP discloses instances where certain restaurants lacked specified approvals, while a food licence of Pind Punjab was conditionally suspended in June 2026; the suspension was subsequently set aside by the Bombay High Court in July 2026.

Objects of the Issue & Utilisation of proceeds

1. Haveli Project — Lonavala
Approximately 1269.81 lakh from the issue is proposed for capital expenditure relating to the hotel-cum-banquet hall project in Lonavala, Maharashtra.

Proposed Project Facilities
46 Hotel Rooms
3 Restaurants
150-Person Banquet Hall
100-Person Ball Room
Swimming Pool
Parking facilities
The company has stated that commercial operations are scheduled for September 2027.

2. General Corporate Purposes
The balance proceeds are proposed to be utilised for general corporate purposes, subject to the applicable limits. The RHP states that this component is capped at 15% of gross issue proceeds or 1000 lakh, whichever is lower.

Company Address

Pind Hospitality Ltd.
Plot no. 5,
Sairung Woods, Hinjewadi Phase 2,
Mulshi,
Pune, Maharashtra, 411057
Phone: +91 84373 76655
Email: investor@pindhospitalitylimited.com
Website: https://www.pindpunjab.in/

IPO Registrar

Bigshare Services Pvt. Ltd.
Phone: 8657578989/8069219065/8069219060
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html