Prestige Hospitality Ventures Ltd, a wholly owned subsidiary of Prestige Estates Projects Ltd, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an IPO worth ₹2,700 crore. The issue comprises a ₹1,700 crore fresh issue and a ₹1,000 crore offer-for-sale (OFS).
The proceeds from the IPO will be used for debt reduction, future acquisitions, and corporate expansion within the hospitality sector. This move strengthens Prestige Group’s strategic diversification beyond residential real estate into premium hotel and serviced apartment developments.
Meanwhile, the Group’s residential business continues to expand with upcoming flagship projects — Prestige Evergreen in Whitefield, where the EOI window is now open, and Prestige Fernvale and Prestige Eaton Park, both launching their EOIs from December 5th. These developments reflect Prestige’s commitment to providing luxury homes across Bengaluru’s most sought-after locations.
The IPO of Prestige Hospitality Ventures also underlines the Group’s confidence in India’s fast-growing tourism and hospitality industry. Alongside its hospitality growth, Prestige Group’s residential arm continues to gain traction with its high-quality projects in Bengaluru, Chennai, and Mumbai.
Also Read: Prestige Estates Reports ₹12,542 Crore Standalone Revenue for H1 FY26
