KaroStartup’s Post

Goa's premier destination for hospitality and nightlife, Tito's Resorts and Hospitalities, is seeking a stock market debut via an SME initial public offering (IPO). The nightclub operator is aiming for a valuation of ₹1,000 crore. The initial share sale could be a fresh issuance of equity shares. The company might dilute a minimum of 30% of its equity via the public offer. So far, there is no plan for an offer-for-sale. Tito's, which runs popular nightclubs in the Baga Beach area, has finalised ICICI Securities as one of its book-running lead managers. The company's Club Titos's and Cafe Mambo Paia were awarded best nightclubs in Goa. These clubs have hosted programs and events such as Femina Miss India auditions, Roadies, Splits Villa, Sunburn After Party, Miss Goa International 2016, Mr and Miss Tito's International and The Annual Tito's Calendar Shoot. The firm is currently helmed by brothers Ricardo and David D'Souza, who also serve as its Directors. Read more: thekarostartup.com #TitosResorts #Hospitality #Nightlife #IPO #StockMarketDebut #SMEIPO #ICICISecurities #GoaNightlife #BagaBeach #ClubTitos #CafeMambo #NightclubOperator #PublicOffer #EquityShares #Valuation