Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Wed, Sep 19, 2018 - Tue, Sep 25, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 19, 2018
IPO Close
Tue, Sep 25, 2018
Issue Price
₹24 per share
Market Cap (Pre-IPO)
₹7.20 Cr
| IPO Date | 19 to 25 Sep, 2018 |
| Listed on | Thu, Oct 4, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹24 per share |
| Lot Size | 6,000 Shares |
| Sale Type | OFS only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 8,10,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 42,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.1008 Cr) |
| Offer for Sale | 7,68,000 shares of ₹10 (agg. up to ₹2 Cr) |
| Net Offered to Public | 7,68,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 30,00,000 shares |
| Share Holding Post Issue | 30,00,000 shares |
| BSE Script Code | 541973 |
| ISIN | INE004Z01011 |
Mac Hotels IPO comprises a total issue size of 8,10,000 shares. The net offer to the public is 7,68,000 shares, after excluding 42,000 shares allotted on a firm basis. Of the Net offer 3,84,000 (50.00%) allocated to NII 3,84,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,84,000 | 50.00% | 47.41% |
| Retail Shares Offered | 3,84,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 42,000 | 5.19% | |
| Total Shares Offered | 8,10,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Mac Hotels IPO is subscribed 1.52 times on September 25, 2018 6:50:02 PM (Day 4). The public issue subscribed 1.17 times in the retail category, [.] times in the QIB category, and 1.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.88 | 3,84,000 | 7,20,000 |
| Retail | 1.17 | 3,84,000 | 4,50,000 |
| Total | 1.52 | 7,68,000 | 11,70,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fee and reimbursement of payment to other intermediaries such as Listing, Depository Fees, Legal Advisors, Statutory, Registrars, Marketing & Advertisement, Printing & Distribution, other Miscellaneous expense and out of pocket expenses etc. | 0.40 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹24.00 |
| Open | ₹24.60 |
| Low | ₹24.60 |
| High | ₹25.80 |
| Last Trade | ₹25.80 |
Lead Manager Reports
Mac Hotels IPO is a SME IPO of 8,10,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹24 per share. The minimum order quantity is 6000.
The IPO opens on Wed, Sep 19, 2018, and closes on Tue, Sep 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 Wed, Sep 19, 2018 and closes on Tue, Sep 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 Thu, Oct 4, 2018.
