Bookbuilding IPO | ₹113 Cr | Listed at BSE, NSE | Thu, Jan 12, 2006 - Tue, Jan 17, 2006
Royal Orchid Hotels IPO is a book build issue of ₹112.53 crores. The issue is entirely a fresh issue of 0.68 crore shares of ₹112.53 crore.
Royal Orchid Hotels IPO bidding started from Jan 12, 2006 and ended on Jan 17, 2006. The shares got listed on the NSE and the BSE on Feb 6, 2006.
Royal Orchid Hotels IPO is set final issue price at ₹165 per share.
ICICI Securities Ltd. is the book running lead manager and MCS Share Transfer Agent Ltd. is the registrar of the issue.
Refer to Royal Orchid Hotels IPO RHP for detailed Information.
IPO Open
Thu, Jan 12, 2006
IPO Close
Tue, Jan 17, 2006
Issue Price
₹165 per share
Market Cap (Pre-IPO)
₹449.36 Cr
| IPO Date | 12 to 17 Jan, 2006 |
| Listed on | Mon, Feb 6, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹150 to ₹165 |
| Issue Price | ₹165 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 68,20,000 shares (agg. up to ₹113 Cr) |
| Fresh Issue | 68,20,000 shares (agg. up to ₹113 Cr) |
| Share Holding Pre Issue | 2,04,13,965 shares |
| Share Holding Post Issue | 2,72,33,965 shares |
| BSE Script Code / NSE Symbol | 532699 / ROHLTD |
| ISIN | INE283H01019 |
Royal Orchid Hotels IPO comprises a total issue size of 68,20,000 shares. Out of which, 34,10,000 (50.00%) are allocated to QIB, 10,23,000 (15.00%) allocated to NII 23,87,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB Shares Offered | 34,10,000 | 50.00% |
| NII (HNI) Shares Offered | 10,23,000 | 15.00% |
| Retail Shares Offered | 23,87,000 | 35.00% |
| Total Shares Offered | 68,20,000 | 100.00% |
Royal Orchid Hotels manage and operate a chain of hotels under the “Royal Orchid” brand across Bangalore and Mysore in Karnataka, India. Currently, its portfolio includes four properties: Hotel Royal Orchid, Royal Orchid Central, and Royal Orchid Harsha in Bangalore, along with Royal Orchid Metropole in Mysore. Each hotel is designed to cater to a distinct segment of guests, enabling us to serve a diverse range of clientele.
Its operations are supported by two subsidiary companies—Icon Hospitality Private Limited and Royal Orchid Hyderabad Private Limited. Royal Orchid Hotels Limited holds a 51.22% stake in Icon Hospitality Private Limited and a 51% stake in Royal Orchid Hyderabad Private Limited.
Competitive Strengths:
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 70.59 | 59.61 | 44.01 | 32.10 |
| Total Income | 35.37 | 58.18 | 35.92 | 15.11 |
| Profit After Tax | 9.30 | 16.21 | 3.40 | 0.71 |
| NET Worth | 37.89 | 28.20 | 13.20 | 7.73 |
| Reserves and Surplus | 15.15 | 16.02 | 3.03 | -1.39 |
| Total Borrowing | 20.41 | 20.51 | 22.22 | 20.11 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure for operating hotel in Pune under long-term lease | 17.34 |
| 2 | Investing in our subsidiary Royal Orchid Hyderabad Private Limited which would operate a hotel in Hyderabad on a long term lease | 11.87 |
| 3 | Purchase of 51% equity stake in Maruti Comforts and Inn Private Limited and further investments for renovation of the property in Bangalore | 16.34 |
| 4 | Capital expenditure for modernization and renovation of existing hotel properties in Bangalore | 29.68 |
| 5 | Future acquisitions and general corporate purposes | |
| 6 | Issue expenses | |
| Total | 75.23 |
| KPI | Sep 30, 2005 | Mar 31, 2005 |
|---|---|---|
| RoNW | 22.12% | 46.07% |
| Price to Book Value | 8.45 | 10.71 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.94 | 6.83 |
| P/E (x) | 20.78 | 24.16 |
| Promoter Holding | 92.05% | 69.00% |
| Market Cap | ₹449.36 Cr. |
The Royal Orchid Hotels IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 39.01 | 68,20,000 | 26,60,73,440 | |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹165.00 | ₹165.00 |
| Open | ₹240.10 | ₹251.00 |
| Low | ₹227.60 | ₹227.10 |
| High | ₹264.00 | ₹261.00 |
| Last Trade | ₹231.20 | ₹231.40 |
Lead Manager Reports
Royal Orchid Hotels IPO is a main-board IPO of 68,20,000 equity shares of the face value of ₹10 aggregating up to ₹113 Crores. The issue is priced at ₹165 per share. The minimum order quantity is .
The IPO opens on Thu, Jan 12, 2006, and closes on Tue, Jan 17, 2006.
MCS Share Transfer Agent Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Royal Orchid Hotels IPO using UPI as a payment gateway. Zerodha customers can apply in Royal Orchid Hotels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Royal Orchid Hotels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Royal Orchid Hotels IPO opens on Thu, Jan 12, 2006 and closes on Tue, Jan 17, 2006.
Royal Orchid Hotels IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Royal Orchid 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 Royal Orchid Hotels IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Royal Orchid Hotels IPO allotment status.
The Royal Orchid Hotels IPO listing date is on Mon, Feb 6, 2006.
