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Roopshri Resorts Limited IPO (Roopshri Resorts IPO) Detail

March 19, 2019 - March 22, 2019

Roopshri Resorts IPO is a fixed price issue of Rs 3.60 crores.

Roopshri Resorts IPO bidding started from March 19, 2019 and ended on March 22, 2019. The allotment for Roopshri Resorts IPO was finalized on Wednesday, March 27, 2019. The shares got listed on BSE SME on April 1, 2019.

Roopshri Resorts IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Aryaman Financial Services Limited and Bcb Brokerage Private Limited are the book running lead managers of the Roopshri Resorts IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Roopshri Resorts IPO RHP for detailed information.

Roopshri Resorts IPO Details

IPO Date March 19, 2019 to March 22, 2019
Listing Date April 1, 2019
Face Value ₹10 per share
Price ₹20 per share
Lot Size 6000 Shares
Total Issue Size1,800,000 shares
(aggregating up to ₹3.60 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion96,000 shares

Roopshri Resorts IPO Reservation

Roopshri Resorts IPO offers 1,800,000 shares. 852,000 (47.33%) to NII, 852,000 (47.33%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered96,000 (5.33%)
Other Shares Offered852,000 (47.33%)
Retail Shares Offered852,000 (47.33%)
Total Shares Offered1,800,000 (100%)

Roopshri Resorts IPO Timeline (Tentative Schedule)

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

IPO Open Date Tuesday, March 19, 2019
IPO Close Date Friday, March 22, 2019
Basis of Allotment Wednesday, March 27, 2019
Initiation of Refunds Thursday, March 28, 2019
Credit of Shares to Demat Friday, March 29, 2019
Listing Date Monday, April 1, 2019
Cut-off time for UPI mandate confirmation 5 PM on March 22, 2019

Roopshri Resorts IPO Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 6000 ₹120,000
Retail (Max) 1 6000 ₹120,000
Lot Size Calculator

Roopshri Resorts IPO Promoter Holding

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

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

About Roopshri Resorts Limited

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 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 (Roopshri Resorts IPO Objectives)

The proceeds of the Issue are:

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

Roopshri Resorts IPO Review (Avoid)

[Dilip Davda]  

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 March 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)

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Roopshri Resorts IPO Prospectus

Roopshri Resorts IPO Rating

Rating:Rated 2.1 stars
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Roopshri Resorts IPO Listing Details

Listing Date April 1, 2019
BSE Script Code 542599
NSE Symbol
Final Issue Price ₹20 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Roopshri Resorts Limited Contact Details

Roopshri Resorts Limited
Hotel Alexander, S. No. 246, Plot No. 99,
Matheran, Tal - Karjat,
Raigad - 410 102
Phone: +91 - 2148 - 230 069

Roopshri Resorts IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Roopshri Resorts IPO - Buy or Not

Roopshri Resorts IPO Recommendation Summary

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Brokers 0 0 1
Members 0 0 0

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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 share. The minimum order quantity is 6000 Shares.

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

Roopshri Resorts IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Roopshri Resorts IPO will be done on Wednesday, March 27, 2019, and the allotted shares will be credited to your demat account by Friday, March 29, 2019. Check the Roopshri Resorts IPO allotment status.

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