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Open
19 Mar 2019
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Close
22 Mar 2019
3
Allotment
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Listing
Mon, Apr 1, 2019
Price Band
₹20 per share
Issue Size
18,00,000 shares (agg. up to ₹4 Cr)
Lot Size
6,000 Shares
Listing Date
Mon, Apr 1, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.03x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Oct 2018 | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|---|
| Assets | 5.59 | 0.01 | 0.02 | 0.03 |
| Total Income | 0.02 | 0.01 | 0.00 | 0.00 |
| Profit After Tax | 0.00 | 0.00 | 0.00 | 0.00 |
| NET Worth | 4.01 | 0.01 | 0.01 | 0.01 |
| Reserves and Surplus | 1.00 | 0.00 | 0.00 | -0.00 |
| Total Borrowing | 1.57 | |||
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Mac Hotels Ltd. | SME | ₹1.94 Cr | ₹24 | null | ₹25.80 | +7.50% | ₹84.00 (-9.48%) |
| Chalet Hotels Ltd. | Mainboard | ₹1,641.18 Cr | ₹280 | null | ₹291.70 | +4.18% | ₹871.95 (+1.35%) |
| Lemon Tree Hotels Ltd. | Mainboard | ₹1,038.68 Cr | ₹56 | null | ₹71.65 | +27.95% | ₹114.12 (+0.09%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Loans | 1.50 |
| 2 | Repairs and Restoration of Hotel Alexander at Matheran | 1.69 |
| 3 | General Corporate Purposes | 0.16 |
About Roopshri Resorts IPO
Incorporated in 1990, Roopshri Resorts Limited is a Mumbai based company engaged in hospitality services. The company operates Hotel Alexander at Matheran, a hill station near Mumbai. This property is in the category of heritage living with nature. The Hotel Alexander is taken on lease and license through a one-time refundable security deposit by the company. The company doesn't pay any rentals or license fees to the hotel owners. Hotel Alexander is one of the oldest hotels in Matheran. It has 13 private cottage rooms and 12 executive rooms of which only 4 private cottage rooms are in operational condition. The hotel offers lodging facilities only. The property is almost 3.75 acres in size. The less than half acres are currently being used for the hotel facilities. With the fund received from the IPO, the company is planning to renovate the property. The company is also looking for similar opportunities at other locations.The company has a net worth (promoter's fund) of Rs 4 Cr and debt of Rs 1.57 Cr as on October 31, 2018. The company proposes to repay the debt of Rs 1.50 Cr from the proceeds of the IPO. This will make the company almost debt free.The competitive strengths of the
Contact Details
Roopshri Resorts Ltd. AddressHotel Alexander, S.No.246, Plot No.99Matheran, TalKarjatRaigarh, Maharashtra, 410102+91 - 2148 - 230 069info@roopshriresorts.co.inVisit Website