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Roopshri Resorts IPO is a fixed price issue of ₹3.60 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹3.60 crore.
Roopshri Resorts IPO bidding started from Mar 19, 2019 and ended on Mar 22, 2019. The allotment for Roopshri Resorts IPO was finalized on Mar 27, 2019. The shares got listed on BSE SME on Apr 1, 2019.
Roopshri Resorts IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Aryaman Financial 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 BCB Brokerage Pvt.Ltd..
Refer to Roopshri Resorts IPO RHP for detailed Information.
| IPO Date | March 19, 2019 to March 22, 2019 |
| Listing Date | April 1, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,00,000 shares (aggregating up to ₹3.60 Cr) |
| Reserved for Market Maker | 96,000 shares BCB Brokerage Pvt.Ltd. (aggregating up to ₹0.1920 Cr) |
| Net Offered to Public | 17,04,000 shares (aggregating up to ₹3.41 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 30,10,020 shares |
| Share Holding Post Issue | 48,10,020 shares |
Roopshri Resorts IPO offers total 18,00,000 shares. Out of which 8,52,000 (47.33%) allocated to NII, 8,52,000 (47.33%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (5.33%) |
| NII (HNI) Shares Offered | 8,52,000 (47.33%) |
| Retail Shares Offered | 8,52,000 (47.33%) |
| Total Shares Offered | 18,00,000 (100.00%) |
Roopshri Resorts IPO opens on March 19, 2019, and closes on March 22, 2019.
| IPO Open Date | Tue, Mar 19, 2019 |
| IPO Close Date | Fri, Mar 22, 2019 |
| Tentative Allotment | Wed, Mar 27, 2019 |
| Initiation of Refunds | Thu, Mar 28, 2019 |
| Credit of Shares to Demat | Fri, Mar 29, 2019 |
| Tentative Listing Date | Mon, Apr 1, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 22, 2019 |
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 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| 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 | |
The Company Roopshri Resorts IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment of Loans | 1.50 |
| 2 | Repairs and Restoration of Hotel Alexander at Matheran | 1.69 |
| 3 | General Corporate Purposes | 0.16 |
[Dilip Davda] <p>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.</p> Read detail review...
| Listing Date | April 1, 2019 |
| BSE Script Code | 542599 |
| NSE Symbol | |
| ISIN | INE03WT01017 |
| Final Issue Price | ₹20 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹20.25 |
| Low | ₹20.25 |
| High | ₹20.25 |
| Last Trade | ₹20.25 |
Roopshri Resorts Ltd.
Hotel Alexander, S. No. 246, Plot No. 99,
Matheran, Tal
Karjat
Raigarh, Maharashtra, 410102
Phone: +91 - 2148 - 230 069
Email: info@roopshriresorts.co.in
Website: http://www.roopshriresorts.co.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Roopshri Resorts IPO is a SME IPO of 18,00,000 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.
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.
Zerodha customers can apply online in Roopshri Resorts IPO using UPI as a payment gateway. Zerodha customers can apply in Roopshri Resorts IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Roopshri Resorts IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Roopshri Resorts IPO opens on March 19, 2019 and closes on March 22, 2019.
Roopshri Resorts IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in Roopshri Resorts 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 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 Monday, April 1, 2019.
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