San Trica Realtors Ltd IPO
i. San Trica Realtors is an integrated service provider in hospitality and real estate sector. The Company provides restaurant and hotel services. The Company, handbagged India’s first single largest valued auction in the co-operative sector in 2007 through which the Company got it’s first project of “Hotel Ranjeet”.
ii. Originally the hotel had 1 (one) Restaurant, 3 (three) Banquets and 22 (twenty two) Rooms. The hotel is located at a prime location with footholds of famous personalities. It is located in Bhandarkar road, Deccan Gymkhana, Pune and built on an area of about 9,423 sq. ft. i.e. 1170 Sq. meters.
iii. Our hotel platform emphasizes on strategic locations, efficient design and development, appropriate positioning in hotel segments together with branding and operational tie-ups with leading hospitality companies. They use their experience to actively manage the hotel assets to drive performance. In addition, the Group has developed commercial and retail spaces, in close proximity to certain of their hotels.
iv. The company has developed its hotels at prominent locations with high barriers-to-entry and in large density business districts of their respective metro cities, according to the Horwath report.
v. They believe that the company has a competitive advantage in the cities of Pune and Mumbai extending upto the district of Palghar as well due to reasons as listed below:
i. The significant time outlay required to build and establish a profitable hotel or commercial project.
ii. Their early mover advantage in large, mixed-use developments in specific micro-markets and availability of unutilized land at certain of their hotel properties to further expand their operations, among others.
vi. The Group has undergone major transformation from being a land aggregator/ purchaser/ investor to now successfully developing, finishing and handing over its own Residential & Commercial projects. Besides undertaking residential and commercial projects, the Company is planning to diversify into hotels, IT parks, malls, farm houses and other infrastructural developments.
i. Brand Image Backed by Service
ii. Backed by leading Indian real estate developer
Objects of the San Trica Realtors Ltd IPO:
San Trica Realtors Ltd IPO Details:
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||40.00 Cr.|
|Lot Size:||1000 Shares|
|Issue Price:||₹ 125 Per Equity Share|
|Listing At:||BSE SME|
Promoters And Management:
Financials of San Trica Realtors Ltd IPO:
|Particulars ( In Lakhs )||3MFY23||2022||2021||2020|
|Revenue from Operations||420||521||137||213|
|Purchase of Materials||93||112||93||60|
|Changes in inventories||-6||-2||0||0|
|Employee Benefits Expense||33||21||3||19|
|Depreciation & Amortisation||21||96||105||111|
Comparison With Peers:
|Name of the Company||Revenue (Cr)||Profit (Cr)||P/E||EPS||CMP||Mcap (Cr)|
|San Trica Realtors Limited||521||155||33||4.5||125||122|
|Kamat Hotels (India) Limited||144||-23||24||-9.47||89.80||308|
|DB Realty Ltd||219||27||2||1.11||101.2||2,416|
Recommendation on San Trica Realtors Ltd IPO:
To be updated shortly