Mac Hotels Limited IPO (Mac Hotels IPO) Detail

Sep 19, 2018 - Sep 25, 2018

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.

Company Financials

Summary of financial Information (Restated)
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)

Objects of the Issue

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.

Mac Hotels IPO Details

Mac Hotels IPO Date Sep 19, 2018 to Sep 25, 2018
Mac Hotels IPO Face Value ₹10 per share
Mac Hotels IPO Price ₹24 per share
Mac Hotels IPO Lot Size 6000 Shares
Issue Size810,000 shares of ₹10
(aggregating up to ₹1.94 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

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.

Mac Hotels IPO Lot Size

The Mac Hotels IPO 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
Retail (Min) 1 6000 ₹144,000
Retail (Max) 1 6000 ₹144,000

Mac Hotels IPO Review

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...

Mac Hotels IPO Subscription Status (Bidding Detail)

The Mac Hotels IPO is subscribed 1.52 times on Sep 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)

CategorySubscription (times)

Mac Hotels IPO Prospectus

Mac Hotels IPO Rating

Rating:Rated 2.5 stars
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Mac Hotels IPO Listing Date

Listing Date Thursday, October 4, 2018
BSE Script Code 541973
NSE Symbol
Listing In MT Group of Securities
ISIN INE004Z01011
IPO Price ₹24 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Mac Hotels Limited
First Floor, Beach Plaza (Annexee),
Nomxin, Caranzalem, Ilhas
Panaji - 403001
Phone: 0832-2464299

Mac Hotels IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Mac Hotels IPO Review

Mac Hotels IPO Recommendation Summary

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Mac Hotels IPO FAQs

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 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 .

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.

The Mac Hotels IPO listing date is on Thursday, October 4, 2018.
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Mac Hotels IPO Message Board

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6. CPHArun |   Link |Sep 19, 2018 4:16:28 PM
What a joke of an IPO
6.1. Small Investor |   Link |Oct 19, 2018 2:24:23 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
whha kya ipo nikla h yha pr stock sell krne wala hi nhi h
5. loviedovie |   Link |Sep 19, 2018 1:25:52 PM
A few bid will be made by company and lead manager only. 1 person applied which is from company itself
4. Smeupdate |   Link |Sep 18, 2018 3:47:55 PM
3 cr sales and 8 lakh profit

sometimes a momo shop can make more money than this
3. VIE |   Link |Sep 16, 2018 1:54:56 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)


3.1. medge |   Link |Sep 18, 2018 2:30:45 PM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
:) also 1.94cr OFS, etana amount bank main rakhenge to isake PAT se jada interest milega yearly
2. vgoel |   Link |Sep 14, 2018 9:26:49 PM
Iske PAT se zyada to meri salary hai bhai.
2.1. Small Investor |   Link |Sep 15, 2018 3:58:40 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
1. Small Investor |   Link |Sep 13, 2018 5:09:36 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
approval kese mil gya is company ko