Chalet Hotels issue opens, breaks dry IPO spell

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Chalet Hotels issue opens, breaks dry IPO spell

Jan 29, 2019 12:45 IST

Breaking a long lull in the IPO market, The Chalet Hotels IPO opens today - one of the biggest in recent months. The company which owns, develops and manages high-end hotels in the key metros, is doing a 1,600-crore initial public offering .The issue is priced at Rs 275 to 280 and is open from the 29th to the 31st of January. The money raised will be used to invest in new businesses and pare debt.

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