Roopshri Resorts Limited IPO
(i) They are a hospitality company which is currently operating “Hotel Alexander” at Matheran, which is a popular hill station in Maharashtra. Hotel Alexander is one of the oldest hotel properties in Matheran and has been in existence operating under this brand for over 3 decades.
(ii) The property is located in a secluded hillside and is ideal for getting away from the city’s hustle and bustle. The Hotel is around 3 hours by road from Mumbai and around 2 hours from Pune, both of which are the major customer segment of the Hotel.
(iii) The company has been operating as a service provider for this Hotel over the years and thereafter they have recently taken the hotel property on leave and license from its owner. The Hotel had not been operating to full capacity due to the poor condition of the hotel facilities and hence the company shall be conducting restoration and repairs work and shall be making the Hotel fully operational and increase its scale of operation.
(iv) The Hotel comprises of 13 private cottage rooms and 12 executive rooms, of which only 4 private cottage rooms are in operational condition. Further, the hotel is currently only offering lodging facilities. The company is proposing to renovate this property and increase its operational capacity and also rebuild its boarding facilities to be able to offer “full lodging and boarding facilities” to its customers. The look and feel of the property are of “heritage living with nature” and does not require large amounts of investment w.r.t state of the art interiors etc. This makes this a value for money proposition.
Objects of the Roopshri Resorts Limited IPO:
Roopshri Resorts Limited IPO Details:
|Open Date:||Mar 19 2019|
|Close Date:||Mar 22 2019|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price IPO|
|Issue Size:||3.6 Cr.|
|Lot Size:||6000 Shares|
|Issue Price:||₹ 20 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Apr 01 2019|
Financials of Roopshri Resorts Limited IPO:
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Recommendation on Roopshri Resorts Limited IPO:
Lead Manager of Roopshri Resorts Limited IPO:
Registrar of Roopshri Resorts Limited IPO:
Bid Details of Roopshri Resorts Limited IPO as on
22 Mar 2019 | 11:58:03 PM
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