Bharat Hotels Share Price | Live Update | Company Overview.
Bharat Hotels Limited, incorporated on 22 January 1981 is a public company which develops and operates hotels and beach resorts. Bharat Hotels Limited is a brand of Lalit Suri Hospitality Group which runs 12 luxury hotels and resorts under the brand name “The Lalit” & 2 mid – market segment hotels under the name “The Lalit Traveller”.
Jyotsna Suri has been with the Bharat Hotels group since 1989 and stepped in as the Chairperson in 2006, after the death of her husband Lalit Suri. She has also been the chairman of industry body FICCI in the past. The company offers accommodation, meeting and conference rooms, coffeehouses, shops, bars, restaurants, spa and wellness centers, swimming pools, resorts, dining halls, and other hospitality services.
The group also holds exclusive rights to provide management consultancy services in connection with management of a hotel. The company has its registered office located at Barakhamba Lane, New Delhi and having 12 luxury hotels & resorts located at New Delhi, Bangalore, Mumbai, Kolkata, Srinagar, Chandigarh, Goa, Kerala, Udaipur, Jaipur, Khajuraho and Manager offering 2261 rooms as on 31st March 2021.
The luxury hotels operating across India under the brand name “The Lalit” and are grouped into the following four categories:
- Boutique Hotels
|Symbol:||Bharat Hotels Limited|
|Face Value (₹):||10|
|Demat Status:||NSDL & CDSL|
|Lot Size:||75 Shares|
Board of Directors
Key Business Highlights
- Bharat Hotel Ltd (BHL) is the part of “The Lalit Suri” Hospitality Group.
- Upcoming IPO – SEBI approval received.
|Total Income (₹ Crores)||171.91||729.21||811.07||754.52|
|PAT (₹ Crores)||-90.53||-73.80||28.43||83.88|
|Book Value per Share (₹)||111.64||121.23||134.80||130.50|
|Equity (₹ Crores)||848.36||921.25||1024.36||991.66|
BHARAT HOTEL GETS SEBI APPROVAL FOR IPO
BHL has filled DRHP with SEBI dated 6th July, 2018 for raising funds via IPO (i.e Initial Public Offering”. Bharat Hotels Ltd proposes to raise Rs. 1200 Crs via fresh issue of shares, which shall be utilized for repayment of certain loans and other general purpose. In Oct 2018 , Bharat Hotel has got approval from SEBI to go ahead with IPO. The lead manager to the issue is HDFC Bank Limited, Edelweiss Financial Services Limited, YES Securities (India) Limited and the Karvy Computershare Private Limited.
The IPO listing shall help BHL to strengthen its “Brand Image” in the market and give opportunity to public shareholders to be the part of Lalit Group, since it currently holds 96.93% promoter holding.