₹24.90 Crores | Listing at BSE | Wed, Sep 29, 2021 - Wed, Oct 13, 2021
Aruna Hotels Limited Rights Issue comprises 2.49 Cr equity shares aggregating to ₹24.90 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Jul 23, 2021.
The term of payment is defined as following : The full amount of the Issue Price being ₹ 10/- will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Oct 21, 2021.
The Rights Issue opens on Sep 29, 2021, and closes on Oct 13, 2021, with renunciation of Rights Entitlements permitted up to Oct 8, 2021.
The deemed date of allotment is Oct 21, 2021, following which the equity shares are expected to be credited to demat accounts on Oct 22, 2021 and listed at the BSE on Oct 26, 2021.
Saffron Capital Advisors Pvt.Ltd. is the Lead Manager to the issue and Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Aruna Hotels Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Jul 23, 2021
Entitlement Ratio
:
Open Date
Wed, Sep 29, 2021
Close Date
Wed, Oct 13, 2021
| 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) |
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.
[Dilip Davda] AHL kept shifting its business focus very frequently. At present, it is mulling the hospitality business. Currently, the hospitality industry is in dilemma following pandemic and uncertain near term prospects amidst second and third waves. The company raising money to repay loans from promoters. Asa company has a negative net worth with mounting losses, this at par RI is also very risky. Simply stay away from this offer, any market price operations are purely operator based games. Though based on its last quote at Rs. 17.34 with market operations this par issue is tempting, it’s a pure risk and hence better skip it. Read detail review...
Aruna Hotels Limited
Aruna Centre, 145,
Sterling Road, Nungambakkam,
Chennai – 600 034, Tamil Nadu, India
Chennai, Tamil Nadu, 600034
The Aruna Hotels Limited Rights Issue opens on Wed, Sep 29, 2021, and closes on Wed, Oct 13, 2021.
Aruna Hotels Limited Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Fri, Sep 24, 2021 |
| Last Date for renunciation of Rights Entitlements | Fri, Oct 8, 2021 |
| Issue Opening Date | Wed, Sep 29, 2021 |
| Issue Closing Date | Wed, Oct 13, 2021 |
| Date of Allotment (on or about) | Thu, Oct 21, 2021 |
| Date of Credit (on or about) | Fri, Oct 22, 2021 |
| Date of Listing (on or about) | Tue, Oct 26, 2021 |
You can apply for Aruna Hotels Limited Rights Issue in two ways:
Steps to apply for Aruna Hotels Limited Rights Issue using Net Banking (ASBA)
Steps to apply for Aruna Hotels Limited Rights Issue using Registrar's website (R-WAP)
