Prestige Group, a leading real estate developer, has filed draft papers for the Initial Public Offering (IPO) of its hospitality arm, aiming to raise ₹2,700 crore. This move marks a significant step in the company's expansion plans and diversification strategy.
IpoPrestige GroupHospitalityReal EstateInvestmentReal Estate NewsApr 25, 2025
The purpose of filing for an IPO is to raise approximately ₹2,700 crore. This capital will be used for developing new projects, upgrading existing infrastructure, and enhancing the overall guest experience.
Prestige Group operates in various sectors including residential, commercial, and hospitality, with a strong focus on delivering high-quality real estate projects and premium experiences in the hospitality sector.
The Indian hospitality market is expected to grow at a compound annual growth rate (CAGR) of around 7-8% over the next few years, driven by increasing domestic and international tourism.
The IPO is expected to open in the coming months, subject to regulatory approvals and market conditions.
Prestige Group has appointed reputable investment banks to manage the IPO process, ensuring a smooth and successful listing.
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