Praveg Ltd

- The company has issued 2 preferential allotments recently, with promoters participating in the first two preferential issues, and the rest involving close groups to promoters who are in different businesses (Page 18). - Future expansions will be partly funded by cash flow from operations starting FY25, with full effect of 15-17 projects coming into the business by March 2025 (Page 19). - No explicit mention of new debt fundraising in the provided pages. - The company is focusing on operational cash flows from the new properties and preferential allotments to support funding future expansions (Page 19).

- Praveg is undertaking significant expansion with 17 resorts expected to be operational by FY25 and a vision to reach 50 resorts by 2027. - They are capitalizing costs related to new projects including direct manpower and production expenses. - Corporate overhead costs such as call center, administration, HR, IT, and senior management are increasing to support growth. - Plans to acquire banquet spaces to cater to destination weddings are in progress. - The company is exploring opportunities in Africa (Kenya, Tanzania) and possibly overseas for experiential hospitality. - Focus on strategic acquisitions in prime locations, sometimes accepting higher rent to secure valuable sites. - Investments in own food and beverage teams to replace outsourcing. - Future years will see about 10 new resort projects annually to sustain growth. - Building internal capabilities and infrastructure to handle large scale multi-resort operations and expansions. - Potential acquisitions of banquet halls to tap into wedding business opportunities.

- FY25 is expected to be strong, especially Q1 and Q2, as all 17 properties become operational. - Tourism industry is seasonally impacted; Q1 is traditionally weak but some properties like Daman and Diu perform well in Q1. - By March 2025, full effect of 15-17 projects will contribute significantly to revenue. - Future expansions likely to be partly funded by cash flow from operations starting FY25. - Vision 27 aims for 50 resorts across India by 2027, with an average addition of 10 resorts per year post FY25. - Occupancy rates and Average Room Rates (ARR) expected to increase steadily, boosting revenues. - Event and exhibitions business capped at Rs. 60-70 crores annually, with focus shifting more towards higher-margin hospitality revenue. - Strategic acquisitions and creativity in hospitality offerings expected to drive continued revenue growth.

- FY25 expected to be strong with full operation of 17 properties, boosting revenues. - Occupancy ratios improving annually by 3-4%, leading to 10-15% growth in existing inventory revenue. - Event and exhibition segment capped at Rs. 60-70 crores, with focus shifting to higher EBITDA hospitality segment. - Hospitality EBITDA margins target around 40-50%, improving with higher occupancy. - Future expansions to be partly funded from operating cash flows of new properties. - Payback period for investments roughly 2.5-3 years, supported by high EBITDA margins. - Operating costs as a percentage of ARR expected to streamline and decrease as occupancy rises. - Aggressive acquisition and creative property development to sustain revenue growth. - By FY27, aiming for a portfolio of 50 resorts, generating significantly higher earnings and profitability. - Cost increases in Q1 due to transition to professional management expected to normalize as projects scale.

- Praveg Limited is working on operationalizing 17 resorts by the end of March 2024. - There is a vision to expand to 50 resorts by 2027. - Efforts are ongoing to acquire an additional 10 resorts in the next 9 months after March 2024. - The company has plans for another 10 projects annually beyond the 17 resorts, continuing the expansion journey. - The pipeline includes acquisitions, accreditations, and tender proposals to meet these targets. - The management indicated the capability to handle new projects yearly, with a strategic approach to acquisitions in premium locations. - New projects are currently under development and expected to enhance revenue streams progressively. - Overall, they are gearing up for a large scale expansion with a focus on experiential hospitality and theme parks.