Home Business Raheja Group-owned Chalet Hotels $230 million IPO over subscribed Business Raheja Group-owned Chalet Hotels $230 million IPO over subscribed By Genpie - January 31, 2019 150 0 Facebook Twitter Google+ Pinterest WhatsApp Chalet Hotels Ltd’s initial public offering (IPO) to raise 16.41 billion rupees ($230.80 million) was subscribed 1.57 times at the end of the book-running process on Thursday.