Issue Price
₹20
Per Share
GMP
NIL
Grey Market
Est. Listing
₹20
Expected Price
Min. Application
₹240,000
2 lots × 6000 shares
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 company are:1. The hotel is located at Matheran hill station2. Large hotel property size3. Experienced promoters
Roopshri Resorts Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 96,000 | — | ₹0.19 Cr | — |
| TOTAL | 1,800,000 | 100.00% | ₹3.60 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹120,000 |
| Retail (Max) | 13 | 78,000 | ₹1,560,000 |
| sNII (Min) | 14 | 84,000 | ₹1,680,000 |
| bNII (Min) | 68 | 408,000 | ₹8,160,000 |
| Particulars | 31-Oct-18 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue from Operations | 193.80 | 143.00 | 40.65 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 7.58 | 10.42 | 2.16 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 55903.71 | 127.78 | 163.64 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |