Mac Hotels IPO is all set to make its debut on 19th Sept 18 with 1.94 Cr is a company engaged in the business of manufacturing, marketing, and sourcing of Plastic Sheet, Lamination Sheet, Folders, I-cards, and files. The products have wide application in printing and stationery.
Mac Hotels IPO – overview
| IPO Dates | 19-25 sept 18 |
| IPO Price | INR 24 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 810,000 shares (INR 1.94 crore) |
| Minimum bid (lot size) | 6000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Mac Hotels IPO – Tentative Dates
| IPO Offer Opening Date | 21 Sept 2018 |
| IPO Closing Date | 27 Sept 2018 |
| Finalization of Basis of Allotment | 3 Oct 2018 |
| Initiation of refunds | 4 Oct 2018 |
| Transfer of shares to demat accounts | 5 Oct 2018 |
| IPO Listing Date | 8 Oct 2018 |
Industry overview
The Indian tourism and hospitality industry has emerged as one of the key drivers of growth in the services sector in India. Tourism in India has significant potential considering the rich cultural and historical heritage, variety in ecology, terrains, and places of natural beauty spread across the country. Tourism is also a potentially large employment generator besides being a significant source of foreign exchange for the country. India’s Foreign Exchange Earnings (FEEs) increased by 17.6 percent year-on-year in January 2018 over January 2017.
Company Overview
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, caf, 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 a Management Services Agreement (OYO Agreement) with Alcott Town Planners Private Limited.
Objects of the Issue
- To purchase of Machinery and Equipment to manufacture the Laminated sheet, Wiro and PP Sheet suitable for stationery and office products;
- Fund the Working Capital Requirements of the Company- Rs 620 lakhs.
- General Corporate Purposes.
- Issue Expenses
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 575.15 | 563.78 | 301.09 |
| Total Revenue | 239.77 | 310.13 | 188.32 |
| Profit After Tax | 8.00 | 13.05 | 8.43 |
Company Contact Information
Mac Hotels Limited
First Floor, Beach Plaza (Annexee),
Nomxin, Caranzalem, Ilhas
Panaji – 403001
Phone: 0832-2464299
Email: investor@machotels.net
Website: http://www.machotels.net/
Mac Hotels IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Mac Hotels IPO Lead Manager(s)
- Gretex Corporate Services Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
