The counter hit a high of Rs 79.20 and a low of Rs 75.24. About 6,000 shares changed hands on the BSE.
Pind Hospitality's IPO was subscribed 2.63 times. The IPO opened for subscription on 28 September 2026 and closed on 30 September 2026. The issue price was fixed at Rs 99 per share, against a price band of Rs 93 to Rs 99.
Pind Hospitality IPO is a Rs 17.82 crore book-built issue comprising an entirely fresh issue of 18 lakh shares. The promoters' shareholding declined from 84.72% before the IPO to 59.31% after the issue.
Pind Hospitality plans to use Rs 12.70 crore of the IPO proceeds towards capital expenditure for setting up a hotel-cum-banquet hall in Lonavala, Maharashtra, under the Haveli Project. Another Rs 2.66 crore is earmarked for general corporate purposes, while Rs 2.46 crore is allocated towards issue expenses.
Incorporated on 15 June 2021, Pind Hospitality operates in the hospitality sector, with a focus on hotels and restaurants. The company, along with its partnership firm Pind Punjab, operates six restaurants in Pune. It has completed more than 5 lakh deliveries and has been a restaurant partner of third-party food delivery platforms in Pune.
The company serves customers through third-party food delivery platforms, its own mobile application, online bookings and telephone orders. It also provides outdoor catering services for special events and workplace canteens. The company had 135 employees as of 31 March 2026.
For FY2026, Pind Hospitality reported total income of Rs 24.91 crore, compared with Rs 23.17 crore in FY2025, an increase of 7.51%. Profit after tax declined 11.33% YoY to Rs 2.27 crore from Rs 2.56 crore.