Prestige Estates' hospitality arm files for $317 million IPO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2025
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Source: Reuters
Prestige Hospitality IPO Announcement: Prestige Estates has filed for a ₹27 billion (approximately $317 million) initial public offering for its hospitality business, amidst a backdrop of fluctuating market conditions and reduced IPO sizes from other major Indian companies.
Market Confidence in Hospitality Sector: Despite global trade uncertainties, investor confidence is bolstered by sustained travel demand and successful recent listings in the sector, with Prestige Hospitality aiming to raise between ₹20 billion to ₹30 billion through the IPO planned for June 2024.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
