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Open
12 Jan 2006
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Close
17 Jan 2006
3
Allotment
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Listing
Mon, Feb 6, 2006
Price Band
₹150 to ₹165
Issue Size
68,20,000 shares (agg. up to ₹113 Cr)
Listing Date
Mon, Feb 6, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 39.01x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 70.59 | 59.61 | 44.01 | 32.10 |
| Total Income | 35.37 | 58.18 | 35.92 | 15.11 |
| Profit After Tax | 9.30 | 16.21 | 3.40 | 0.71 |
| NET Worth | 37.89 | 28.20 | 13.20 | 7.73 |
| Reserves and Surplus | 15.15 | 16.02 | 3.03 | -1.39 |
| Total Borrowing | 20.41 | 20.51 | 22.22 | 20.11 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure for operating hotel in Pune under long-term lease | 17.34 |
| 2 | Investing in our subsidiary Royal Orchid Hyderabad Private Limited which would operate a hotel in Hyderabad on a long term lease | 11.87 |
| 3 | Purchase of 51% equity stake in Maruti Comforts and Inn Private Limited and further investments for renovation of the property in Bangalore | 16.34 |
| 4 | Capital expenditure for modernization and renovation of existing hotel properties in Bangalore | 29.68 |
| 5 | Future acquisitions and general corporate purposes | |
| 6 | Issue expenses | |
| Total | 75.23 |
About Royal Orchid Hotels IPO
Royal Orchid Hotels manage and operate a chain of hotels under the “Royal Orchid” brand across Bangalore and Mysore in Karnataka, India. Currently, its portfolio includes four properties: Hotel Royal Orchid, Royal Orchid Central, and Royal Orchid Harsha in Bangalore, along with Royal Orchid Metropole in Mysore. Each hotel is designed to cater to a distinct segment of guests, enabling us to serve a diverse range of clientele. Its operations are supported by two subsidiary companies—Icon Hospitality Private Limited and Royal Orchid Hyderabad Private Limited. Royal Orchid Hotels Limited holds a 51.22% stake in Icon Hospitality Private Limited and a 51% stake in Royal Orchid Hyderabad Private Limited. Competitive Strengths: Strong Value Proposition Low Set-up Cost Presence across Different Price Categories of Hotels Locational Advantage Strong Management Team and Motivated and Efficient Work Force Easy Access to Talented Pool of Human Resources Presence of popular food and beverage outlets + Read More
Contact Details
Royal Orchid Hotels Ltd. AddressHotel Harsha, No.11Park RoadBengaluru, Karnataka, 56000891 80 2558 4242gtrao@baljeehotels.comVisit Website