Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Tue, Mar 19, 2019 - Fri, Mar 22, 2019
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Mar 19, 2019
IPO Close
Fri, Mar 22, 2019
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹9.62 Cr
| IPO Date | 19 to 22 Mar, 2019 |
| Listed on | Mon, Apr 1, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,00,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 96,000 shares BCB Brokerage Pvt.Ltd. (agg. up to ₹0.1920 Cr) |
| Fresh Issue (Ex Market Maker) | 17,04,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 17,04,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 30,10,020 shares |
| Share Holding Post Issue | 48,10,020 shares |
| BSE Script Code | 542599 |
| ISIN | INE03WT01017 |
Roopshri Resorts IPO comprises a total issue size of 18,00,000 shares. The net offer to the public is 17,04,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 8,52,000 (50.00%) allocated to NII 8,52,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,52,000 | 50.00% | 47.33% |
| Retail Shares Offered | 8,52,000 | 50.00% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 5.33% | |
| Total Shares Offered | 18,00,000 | 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 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Loans | 1.50 |
| 2 | Repairs and Restoration of Hotel Alexander at Matheran | 1.69 |
| 3 | General Corporate Purposes | 0.16 |
The Roopshri Resorts IPO is subscribed 1.09 times on March 22, 2019 6:49:04 PM (Day 3). The public issue subscribed 0.75 times in the retail category, [.] times in the QIB category, and 1.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.42 | 8,52,000 | 12,12,000 |
| Retail | 0.75 | 8,52,000 | 6,42,000 |
| Total | 1.09 | 17,04,000 | 18,54,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.16 |
| 2 | Brokerage and Selling Commission, Underwriting Commission, etc | 0.01 |
| 3 | Printing and Stationery and postage expenses | 0.02 |
| 4 | Advertising and Marketing expenses | 0.02 |
| 5 | Regulatory fees and expenses | 0.05 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹20.25 |
| Low | ₹20.25 |
| High | ₹20.25 |
| Last Trade | ₹20.25 |
Lead Manager Reports
Roopshri Resorts IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Tue, Mar 19, 2019, and closes on Fri, Mar 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 Tue, Mar 19, 2019 and closes on Fri, Mar 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 Fri, Mar 29, 2019. Check the Roopshri Resorts IPO allotment status.
The Roopshri Resorts IPO listing date is on Mon, Apr 1, 2019.
