Subsidiary Prestige Hospitality Ventures withdraws DRHP for proposed IPO

Capital Market Events View source PDF Explain this filing

PRESTIGE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹1477.80

prior close

₹1465.20

announcement price

After-mkt

timing

Nifty Midcap 150market-1.6%+1.2% vs market

Residential Commercial Projects peers, median of 65sector-1.5%+1.1% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Midcap 150 and 1.1 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.0

10m

-1.0

15m

-1.0

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5-1.6+1.2-1.5+1.1

Next day

-4.1-2.6-1.5-2.0-2.1

+0.3-2.5+2.8-2.2+2.5

+0.6-3.5+4.1-3.0+3.6

-2.2-3.0+0.8-2.8+0.6

-1.2-2.0+0.9-2.1+0.9

-4.5-5.0+0.5-5.4+0.9

15d

-2.2-5.5+3.3-9.2+6.9

-5.8-6.1+0.3-10.0+4.1

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UpDownMarket · Nifty Midcap 150Sector · Residential Commercial Projects peers, median of 65Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Subsidiary Prestige Hospitality Ventures Limited (PHVL) has withdrawn its Draft Red Herring Prospectus filed with SEBI on April 24, 2025 for a planned IPO. Board cited strategic considerations and uncertain market conditions. PHVL may file a fresh DRHP later subject to market conditions and approvals.

Likely market impact

Hospitality subsidiary IPO plans shelved for now due to market conditions. No equity dilution at parent level from this issue.