IPO Watch, April 25 -- Prestige Hotel Ventures Limited has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO).

Prestige Hospitality Ventures operates as a fully owned subsidiary of Prestige Estates Projects Ltd, encompassing all hospitality-related assets and projects of the Bengaluru-based real estate firm, Prestige Group. The company is the owner of properties including the JW Marriott Prestige Golfshire and Conrad Bengaluru.

Recently, Mint reported that Prestige Hospitality Ventures was expected to file its documents with the SEBI this month for a public offering aimed at raising between Rs.2,000 and 2,500 crore, as per t...