Roopshri Resorts IPO is all about to make its debut on 19 March 2019 with issue size of INR 3.60cr
Roopshri Resorts Limited, a Mumbai-based firm offering hospitality services, was founded in 1990. The business manages the Hotel Alexander in Matheran, a hill town close to Mumbai. This residence fits the definition of heritage living in harmony with nature. The business acquires a lease and licence for the Hotel Alexander in exchange for a one-time refundable security deposit. The business doesn’t give the hotel owners any rent or licence costs.
One of the first hotels in Matheran is Hotel Alexander. There are 12 executive suites and 13 private cottage rooms total, although only 4 of the private cottage rooms are functional. The hotel only provides lodging options. The area of the property is nearly 3.75 acres. The hotel facilities are currently located on the less than half an acre. The corporation intends to rehabilitate the property using the money raised through the IPO. The business is also seeking for comparable opportunities elsewhere.
INDUSTRY OVERVIEW
India’s economy has been expanding quickly, making it the main economy in the world with the quickest rate of growth. Due to its robust democracy and partnerships, it is anticipated that it will rank among the top three economic powers in the world within the next ten years. The GDP of India increased by 6.6% in 2017–18, and it is anticipated to increase by 7.3% in 2018–19. With more than 4,750 technology businesses, India boasts the third-largest startup ecosystem worldwide. By 2020, India’s labour force is anticipated to grow to 160–170 million people.
Due to healthy monsoons and consistent government spending on rural roads, housing, and employment initiatives, private consumption is still high, particularly in rural areas. Although the economy is predicted to increase just slightly from its current high level, tighter financial conditions, higher oil costs, worse terms of trade, slower growth in partner nations, and rising political unrest in India and overseas will all tend to restrict GDP substantially. The Reserve Bank’s ability to accurately target inflation and the anticipated slight increases in policy rates will aid in stabilising inflation. Unexpected challenges in non-bank financial institutions and delays in eliminating non-performing loans would be detrimental to confidence and investment.
Roopshri Resorts IPO Details
| IPO Date | Mar 19, 2019 to Mar 22, 2019 |
| Listing Date | Monday, April 1, 2019 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Issue Size | 1,800,000 shares of ₹10(aggregating up to ₹3.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Roopshri Resorts IPO Tentative Dates
Roopshri Resorts IPO opens on Mar 19, 2019, and closes on Mar 22, 2019. The Roopshri Resorts IPO bid date is from Mar 19, 2019 10.00 A.M. to Mar 22, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
| Opening Date | Mar 19, 2019 |
| Closing Date | Mar 22, 2019 |
| Basis of Allotment | Mar 27, 2019 |
| Initiation of Refunds | Mar 28, 2019 |
| Credit of Shares to Demat | Mar 29, 2019 |
| Listing Date | Apr 1, 2019 |
Company Financials
| 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 |
Objects of the Issue
The following are the revenues from the Issue:
(1) Debt repayment
(2) Hotel Alexander in Matheran repairs and restoration.
Roopshri Resorts IPO Prospectus
Company Contact Information
Roopshri Resorts Limited
Hotel Alexander, S. No. 246, Plot No. 99,
Matheran, Tal – Karjat,
Raigad – 410 102
Phone: +91 – 2148 – 230 069
Email: info@roopshriresorts.co.in
Website: http://www.roopshriresorts.co.in/
Roopshri Resorts IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Roopshri Resorts IPO Lead Manager(s)
- Aryaman Financial Services limited (Past IPO Performance)
- BCB Brokerage Private Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
