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 Open	Mar 19, 2019 - Mar 22, 2019
Issue Type	Fixed Price Issue IPO
Issue Size	1,800,000 Eq Shares of Rs 10 (aggregating up to Rs 3.60 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 20 Per Equity Share
Market Lot	6000 Shares
Min Order Quantity	6000 Shares
Listing At	BSE SME

Roopshri Resorts IPO Tentative Date / Timetable

Bid/Offer Opens On	Mar 19, 2019
Bid/Offer Closes On	Mar 22, 2019
Finalisation of Basis of Allotment	Mar 27, 2019
Initiation of Refunds	Mar 28, 2019
Credit of Shares to Demat Acct:	Mar 29, 2019
IPO Shares Listing Date:	Apr 1, 2019

Roopshri Resorts IPO Promoter Holding

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

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

› Draft Prospectus
› Red Herring Prospectus

Roopshri Resorts IPO Rating

2.1

Rating:

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Roopshri Resorts IPO Reviews / Ratings

Dilip Davda - Avoid

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   »  Report
   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 Lead Manager(s)

Lead Manager Reports

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