Pride Hotels has secured Securities and Exchange Board of India’s (SEBI's) approval to raise funds through initial public offering (IPO). The company is going to raise Rs 1,000 crore through a public issue. The public issue is a mix of fresh shares worth Rs 260 crore and an offer-for-sale of up to 3.92 crore shares by promoters and promoter group entities.

The company, which filed preliminary papers with the SEBI in October 2025, got the regulator’s approval on January 16, 2026. The net proceeds from the IPO will be utilised by the company to fund the capital expenditure towards renovation of existing hotels, debt repayment, and general corporate purposes. Motilal Oswal Investment Advisors and JM Financial are the book-running lead managers for the IPO. The equity shares are proposed to be listed on BSE and NSE.  

Pride Hotels Group, one of India's Leading Hotel Chain is an opulent chain of leisure, business hotels, and resorts across the country.