Praveg Ltd

- Praveg Limited has already raised funds through preferential allotment to reputed investors and group relationships to fund their next two years of capex (Page 8). - They do not take funds in advance but raise equity based on available opportunities and dilute equity as needed (Page 8). - There is no mention of any current or immediate future plans for additional fundraising either through debt or equity beyond what has already been raised (Page 8). - The company follows an opportunistic funding approach rather than scheduling specific fundraising campaigns in advance (Page 8).

- Capex of around INR 150 crores allocated for development of 350 rooms in Lakshadweep (Thinnakaraa and Bangaram) islands. - Additional capex of INR 20-25 crores planned for other sites. - Total expected capex for FY25 and FY26 is approximately INR 175-200 crores. - Capex is already funded via preferential allotment to reputed investors and group relationships. - Investment focus on expanding hospitality with 14 new resorts in development alongside 13 currently operational. - Strategic development in digital marketing division under acquired companies (Abhik and Vedan) to grow advertising and event management businesses. - Ongoing international expansion in Kenya and Tanzania subsidiaries is under preliminary development, subject to regulatory clearances. - Government infrastructure initiatives in Lakshadweep, including new airport proposals (~INR 7000 crores), support long-term growth potential.

- Praveg Limited is targeting revenue of INR 300 crore+ for FY24 from consolidated segment reporting. - Wedding segment revenues expected between INR 50 to INR 75 crores in the current year, contributed by multiple properties including Grand Eulogia, Adalaj, Kevadia, Kachigam, and Lakshadweep. - Lakshadweep project seen as "game-changing" in revenue potential, with operational plans for 350+ rooms by March 2025. - Expansion planned with 14 new resorts under development, alongside 13 currently operational. - Government infrastructure enhancements, including increased flights, expected to support occupancy growth, especially in Lakshadweep islands. - Capex of around INR 175-200 crores over next two years focused on Lakshadweep and other sites to support expansion. - Praveg aims for improving operating margins, though margins depend on property types and market conditions. - Focus on eco-responsible luxury hospitality and weddings/banquets to drive volume and revenue growth.

- Praveg Limited is focused on expanding its hospitality portfolio from 13 operational properties to over 27 properties, driving revenue growth. - The company expects growth from eco-responsible luxury resorts, unique wedding and banquet segments, and digital marketing expansion. - Operating margins are expected to improve as newer properties stabilize occupancy, which typically takes 6-12 months post-launch. - Capex of around INR 200 crores over two years is mostly funded, supporting expansion, especially in Lakshadweep with 350 new rooms planned. - Weddings and luxury events are projected as major revenue drivers, with event revenues per wedding potentially reaching INR 1-10 crore. - Despite rising costs, Praveg aims to achieve higher occupancy and scale benefits, which should enhance EBITDA and profits over the medium term. - Management is optimistic about sustained growth supported by favorable government infrastructure development and strategic acquisitions. - EPS growth is expected as new properties mature, though immediate margins may be tempered by expansion costs.

- Praveg Limited currently has 13 resorts operational and plans to add 14 more resorts. - Development projects include 250 rooms in Lakshadweep (Thinnakara and Bangaram Islands) under active development. - Another 150 rooms are awaiting possession status (e.g., Agatti). - The company acquired properties in Rajasthan including Udaipur, Ranthambore, Jawai, and others; some are delayed in possession but development will start once possession is obtained. - The three properties initially in the vision (Shivrajpur, SasanGir, Kumbhalgarh) are on hold, pending better opportunities. - Merger approval and integrations (e.g., Eulogia Inn hotel in Gota) are in process with SEBI, BSE, and MCLT. - No new tenders were aggressively pursued, focusing only on needed properties, resulting in a balanced portfolio. Thus, projects under various stages include over 400 rooms (250 operational/in progress, 150 awaiting possession) and multiple strategic properties pending possession or development approval.