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Mac Hotels IPO is a fixed price issue of ₹1.94 crores. The issue is entirely an offer for sale of 0.08 crore shares of ₹1.94 crore.
Mac Hotels IPO bidding started from Sep 19, 2018 and ended on Sep 25, 2018. The shares got listed on BSE SME on Oct 4, 2018.
Mac Hotels IPO price is ₹24.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,88,000.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Mac Hotels IPO RHP for detailed Information.
| IPO Date | September 19, 2018 to September 25, 2018 |
| Listing Date | October 4, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹24 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 8,10,000 shares (aggregating up to ₹1.94 Cr) |
| Reserved for Market Maker | 42,000 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.1008 Cr) |
| Net Offered to Public | 7,68,000 shares (aggregating up to ₹1.84 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 30,00,000 shares |
| Share Holding Post Issue | 30,00,000 shares |
Mac Hotels IPO offers total 8,10,000 shares. Out of which 3,84,000 (47.41%) allocated to NII, 3,84,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 42,000 (5.19%) |
| NII (HNI) Shares Offered | 3,84,000 (47.41%) |
| Retail Shares Offered | 3,84,000 (47.41%) |
| Total Shares Offered | 8,10,000 (100.00%) |
Mac Hotels IPO opens on September 19, 2018, and closes on September 25, 2018.
| IPO Open Date | Wed, Sep 19, 2018 |
| IPO Close Date | Tue, Sep 25, 2018 |
| Tentative Listing Date | Thu, Oct 4, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 25, 2018 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,44,000 |
| Retail (Max) | 1 | 6,000 | ₹1,44,000 |
| HNI (Min) | 2 | 12,000 | ₹2,88,000 |
Incorporated in 1990, Goa-based Mac Hotels Limited is a company engaged in the business of owning, operating and managing hotels, restaurants, and resorts in Goa.
The company's business includes hotels, restaurant, café, caravan site, apartment house-keeping, and related services.
Currently, the company is operating and managing one resort under the name "Resort Park Avenue".
The Company has entered into Management Services Agreement (OYO Agreement) with Alcott Town Planners Private Limited.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 575.15 | 563.78 | 301.09 | 259.04 | 265.69 | 229.95 |
| Total Revenue | 239.77 | 310.13 | 188.32 | 193.10 | 141.76 | 118.12 |
| Profit After Tax | 8.00 | 13.05 | 8.43 | 8.76 | 8.83 | (1.27) |
[Dilip Davda] <p>Company has just one property under management. Issue is fully priced. Merchant Banker has poor track record. Cash surplus investors may consider investment at their own risk for long term.</p> Read detail review...
| Listing Date | October 4, 2018 |
| BSE Script Code | 541973 |
| NSE Symbol | |
| ISIN | INE004Z01011 |
| Final Issue Price | ₹24 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹24.00 |
| Open | ₹24.60 |
| Low | ₹24.60 |
| High | ₹25.80 |
| Last Trade | ₹25.80 |
Mac Hotels Ltd.
First Floor, Beach Plaza (Annexee),
Nomxin, Caranzalem, Ilhas
Panaji
Panaji, Goa, 403001
Phone: 0832-2464299
Email: investor@machotels.net
Website: http://www.machotels.net/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Mac Hotels IPO is a SME IPO of 8,10,000 equity shares of the face value of ₹10 aggregating up to ₹1.94 Crores. The issue is priced at ₹24 per share. The minimum order quantity is 6000.
The IPO opens on September 19, 2018, and closes on September 25, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Mac Hotels IPO using UPI as a payment gateway. Zerodha customers can apply in Mac Hotels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mac Hotels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mac Hotels IPO opens on September 19, 2018 and closes on September 25, 2018.
Mac Hotels IPO lot size is 6000, and the minimum amount required for application is ₹1,44,000.
You can apply in Mac Hotels IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Mac Hotels IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mac Hotels IPO allotment status.
The Mac Hotels IPO listing date is on Thursday, October 4, 2018.
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