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Aruna Hotels Limited Rights Issue (Aruna Hotels Limited Rights Issue) Detail

Sep 29, 2021 - Oct 13, 2021
Aruna Hotels Limited Logo

Based out of Chennai, Aruna Hotel is a luxurious hotel. The hotel consists of a restaurant, swimming pool, banquet halls, gymnasium, and business centre. The hotel has two towers, which stand next to each other. There are 91 rooms in the hotel. The hotel has modern facilities like an electronic safe, LCD TV, Mini Bar, storage for beverages & packaged snacks. Guests can choose from Superior and Deluxe Rooms. The hotel provides facilities to conduct informal functions like weddings, receptions, birthday parties, and other social functions in the hall.

The company has also executed a lease deed and a license agreement with M/s. Culinary Ocean Hospitality LLP, wherein they have leased a part of their property in Chennai and granted a license to run "Hard Rock Café" including Rock Shop in the said property.

Aruna Hotels Limited Rights Issue Detail

Issue Open Sep 29, 2021 - Oct 13, 2021
Security Name Aruna Hotels Limited
Issue Size (Shares) 2.49 Crores
Issue Size (Amount) ₹24.90 Crores
Issue Price ₹10 per share
Face Value ₹10 per share
Minimum Lot size
Market Lot 1 per share
Listing At BSE
Terms of Payment The full amount of the Issue Price being ₹ 10/- will be payable on application.
Entitlement 83 Rights Equity Shares for every 30 Fully Paid Up Equity Shares held on the record date

Aruna Hotels Limited Rights Issue Issue Timetable

Bid/Offer Opens On Sep 29, 2021
Bid/Offer Closes On Oct 13, 2021
Record Date Jul 23, 2021
Deemed Date of Allotment Oct 21, 2021
Renunciation of Rights Entitlements Oct 8, 2021

Company Financials

Summary of financial Information (Standalone)
Particulars For the year/period ended (Rs.in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 666.22 538.60 381.91
Total Income 3.27 1.04 8.26
Profit After Tax (100.79) (78.85) (97.93)

Objects of the Issue:

The Proceeds from the Issue will be utilized towards funding of the following objects: 1. Part repayment or prepayment of unsecured loans availed by the Company from the Promoter Group; and 2. General corporate purposes.

Aruna Hotels Limited Rights Issue Documents

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Company Contact Information

Aruna Hotels Limited
Aruna Centre, 145,
Sterling Road, Nungambakkam,
Chennai – 600 034, Tamil Nadu, India

Phone: +91 44 2530 3404
Email: cs@ahlchennai.com
Website: http://www.arunahotels.com/

Aruna Hotels Limited Rights Issue Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390
    Email: cameo@cameoindia.com
    Website: https://online.cameoindia.com/

Aruna Hotels Limited Rights Issue Lead Manager(s)