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Roopshri Resorts Limited IPO (Roopshri Resorts IPO) Detail

Mar 19, 2019 - Mar 22, 2019

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 station
2. Large hotel property size
3. Experienced promoters

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Company Promoters:

The Promoters of the Company are Mrs. Roopa Shah and Mr. Shreyas Shah.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Oct-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 55,903.71 127.78 163.64 262.98
Total Revenue 193.80 143.00 40.65 36.95
Profit After Tax 7.58 10.42 2.16 1.94

Objects of the Issue:

The proceeds of the Issue are:

1. Repayment of Loans and
2. Repairs and Restoration of Hotel Alexander at Matheran.

Roopshri Resorts IPO Details

IPO Opening Date Mar 19, 2019
IPO Closing Date Mar 22, 2019
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹20 per equity share
Market Lot 6000 Shares
Min Order Quantity 6000 Shares
Listing At BSE SME
Issue Size1,800,000 Eq Shares of ₹10
(aggregating up to ₹3.60 Cr)

Roopshri Resorts IPO Tentative Timetable

The Roopshri Resorts IPO open date is Mar 19, 2019, and the close date is Mar 22, 2019. The issue may list on Apr 1, 2019.

IPO Open Date Mar 19, 2019
IPO Close Date Mar 22, 2019
Basis of Allotment Date Mar 27, 2019
Initiation of Refunds Mar 28, 2019
Credit of Shares to Demat Account Mar 29, 2019
IPO Listing Date Apr 1, 2019

Roopshri Resorts IPO Lot Size

The Roopshri Resorts IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 6000 ₹120,000
Maximum 1 6000 ₹120,000

Roopshri Resorts IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 62.58%

Roopshri Resorts IPO Review

The issue is priced exorbitantly. Management claims this business model as the asset-light model and does not own any property. There is no harm in giving this issue a miss.

Read detail review...

Roopshri Resorts IPO Subscription Status (Bidding Detail)

The Roopshri Resorts IPO is subscribed 1.09 times on 3/22/2019 6:49:04 PM. The public issue subscribed 0.75 times in the retail category, times in the QIB category, and 1.42 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.42
Retail0.75
Total1.09

Roopshri Resorts IPO Prospectus

Roopshri Resorts IPO Rating

14
2.1
Rating:Rated 2.1 stars
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Roopshri Resorts IPO Listing Date

Listing Date Monday, April 1, 2019
BSE Script Code 542599
NSE Symbol
Listing In
ISIN INE03WT01017
IPO Price ₹20 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹20.00
₹20.25
₹20.25
₹20.25
₹20.25

Company Contact Information

Roopshri Resorts Limited
Hotel Alexander, S. No. 246, Plot No. 99,
Matheran, Tal - Karjat,
Raigad - 410 102
Phone: +91 - 2148 - 230 069
Email: info@roopshriresorts.co.in
Website: http://www.roopshriresorts.co.in/

Roopshri Resorts IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Roopshri Resorts IPO Reviews / Ratings

Roopshri Resorts IPO FAQs

Roopshri Resorts IPO is a SME IPO of 1,800,000 equity shares of the face value of ₹10 aggregating up to ₹3.60 Crores. The issue is priced at ₹20 per equity share. The minimum order quantity is 6000 Shares.

The IPO opens on Mar 19, 2019, and closes on Mar 22, 2019.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Roopshri Resorts IPO opens on Mar 19, 2019 and closes on Mar 22, 2019.

Roopshri Resorts IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.

You can apply in Roopshri Resorts 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 Roopshri Resorts IPO will be done on Mar 27, 2019, and the allotted shares will be credited to your demat account by Mar 29, 2019. Check the Roopshri Resorts IPO allotment status.

The Roopshri Resorts IPO listing date is on Monday, April 1, 2019.

Roopshri Resorts IPO Message Board

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