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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

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

Issue OpenMar 19, 2019 - Mar 22, 2019
Issue TypeFixed Price Issue IPO
Issue Size1,800,000 Eq Shares of ₹10
(aggregating up to ₹3.60 Cr)
Face Value₹10 Per Equity Share
Issue Price₹20 Per Equity Share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtBSE SME

Roopshri Resorts IPO Tentative Date / Timetable

Bid/Offer Opens OnMar 19, 2019
Bid/Offer Closes OnMar 22, 2019
Finalisation of Basis of AllotmentMar 27, 2019
Initiation of RefundsMar 28, 2019
Credit of Shares to Demat AcctMar 29, 2019
IPO Shares Listing DateApr 1, 2019

Roopshri Resorts IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum16000₹120,000
Maximum16000₹120,000

Roopshri Resorts IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding62.58%

Roopshri Resorts IPO Subscription Status (Bidding Detail)

Roopshri Resorts IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

852,000

852,000

1,704,000

Mar 22, 2019 18:49

1.42x

0.75x

1.09x

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 DateMonday, April 1, 2019
BSE Script Code542599
NSE Symbol
Listing In
ISININE03WT01017
Issue Price₹20 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
₹20.00
₹20.25
₹20.25
₹20.25
₹20.25
18,000

Roopshri Resorts IPO Reviews / Ratings

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

Roopshri Resorts IPO FAQs

  1. 1. What is Roopshri Resorts IPO?

    Roopshri Resorts IPO is an SME initial public offering of 1,800,000 equity shares of the face value of ₹10 aggregating up to ₹3.60 Crores.

    The issue price of the IPO is ₹20 Per Equity Share. The minimum order quantity is 6000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Roopshri Resorts IPO will open?

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

  3. 3. How to apply for Roopshri Resorts IPO?

    Roopshri Resorts IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Roopshri Resorts IPO allotment?

    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.

  5. 5. When is Roopshri Resorts IPO listing date?

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

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