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Incorporated in 1990, Goa-based Mac Hotels Limited is a company engaged in the business of owning, operating and managing hotels, restaurants, and resorts in Goa.
The company's business includes hotels, restaurant, café, caravan site, apartment house-keeping, and related services.
Currently, the company is operating and managing one resort under the name "Resort Park Avenue".
The Company has entered into Management Services Agreement (OYO Agreement) with Alcott Town Planners Private Limited.
The Company is promoted by Edgar Maximiano Do Rosario Cotta, Edwin E R Cotta, and Hotel Miramar Comfort Pvt Ltd. The Promoters together hold 27,88,000 Equity Shares representing 92.93% of the Issued and paid-up Equity Share capital of the Company.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 575.15 | 563.78 | 301.09 | 259.04 | 265.69 | 229.95 |
| Total Revenue | 239.77 | 310.13 | 188.32 | 193.10 | 141.76 | 118.12 |
| Profit After Tax | 8.00 | 13.05 | 8.43 | 8.76 | 8.83 | (1.27) |
The object of the Offer is to achieve the benefits of listing the Equity Shares on the Designated Stock Exchange
and for the sale of 8,10,000 Equity Shares by the Selling Shareholder ("Hotel Miramar Comfort Private Limited"
or "HMCPL"). The company will not receive any proceeds from the issue.
| IPO Opening Date | Sep 19, 2018 |
| IPO Closing Date | Sep 25, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹24 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | BSE SME |
| Issue Size | 810,000 Eq Shares of ₹10 (aggregating up to ₹1.94 Cr) |
The Mac Hotels IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹144,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹144,000 |
| Maximum | 1 | 6000 | ₹144,000 |
Company has just one property under management. Issue is fully priced. Merchant Banker has poor track record. Cash surplus investors may consider investment at their own risk for long term.
Read detail review...The Mac Hotels IPO is subscribed 1.52 times on 9/25/2018 6:50:02 PM. The public issue subscribed 1.17 times in the retail category, times in the QIB category, and 1.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.88 |
| Retail | 1.17 |
| Total | 1.52 |
| Listing Date | Thursday, October 4, 2018 |
| BSE Script Code | 541973 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE004Z01011 |
| IPO Price | ₹24 per equity share |
| Face Value | ₹10 per equity share |
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Mac Hotels Limited
First Floor, Beach Plaza (Annexee),
Nomxin, Caranzalem, Ilhas
Panaji - 403001
Phone: 0832-2464299
Email: investor@machotels.net
Website: http://www.machotels.net/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Mac Hotels IPO is a SME IPO of 810,000 equity shares of the face value of ₹10 aggregating up to ₹1.94 Crores. The issue is priced at ₹24 per equity share. The minimum order quantity is 6000 Shares.
The IPO opens on Sep 19, 2018, and closes on Sep 25, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Mac Hotels IPO opens on Sep 19, 2018 and closes on Sep 25, 2018.
Mac Hotels IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.
You can apply in Mac Hotels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Mac Hotels IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mac Hotels IPO allotment status.
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