Roopshri Resorts was incorporated on January 09, 1990. It is a hospitality company that is currently operating “Hotel Alexander” at Matheran, which is a popular hill station in Maharashtra.
| Bidding Dates |
|---|
| 19 Mar 2019 - 22 Mar 2019 |
| Subscription |
|---|
| 1.09x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 6000 | 1.8 M | ₹20 | 62.58 % | ₹36.0 M | RHP DOC |
Roopshri Resorts IPO SUBSCRIPTION STATUS
22 Mar '19Roopshri Resorts IPO overall subscription rate was 1.09 times the total available shares
Roopshri Resorts IPO retail subscription rate was 0.75 times in the retail segment
Roopshri Resorts IPO non-institutional investor subscription rate was 1.42 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
19 Mar 2019 (Day 1) | 0.7x | 1.41x | - |
20 Mar 2019 (Day 2) | 0.72x | 1.41x | - |
22 Mar 2019 (Day 3) | 0.75x | 1.42x | - |
Roopshri Resorts FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 7MFY19 | 0.0 | 0.2 | -0.5 | -0.5 |
| FY18 | 0.0 | 0.1 | 0.0 | -0.1 |
| FY17 | 0.0 | 0.0 | -0.1 | -0.1 |
| FY16 | 0.0 | 0.0 | 0.0 | 0.0 |
Roopshri Resorts IPO SUBSCRIPTION STATUS DETAILS
Roopshri Resorts had 1.8 M shares on offer
Roopshri Resorts IPO offer price was ₹20
Roopshri Resorts IPO minimum Investment was ₹120000
Roopshri Resorts IPO issue size was ₹ 36.0 M
Roopshri Resorts had a minimum lot size of 6000 Shares per application
Roopshri Resorts NUMBER OF SHARES ON OFFER
Roopshri Resorts IPO IMPORTANT DATES
| Issue Open Date | 19 Mar 2019 |
| Issue close Date | 22 Mar 2019 |
| Allotment Date | 27 Mar 2019 |
| Refund Date | 28 Mar 2019 |
| Demat Account Credit Date | 29 Mar 2019 |
| Listing Date | 01 Apr 2019 |
| Listing on Exchange(s) | BSE |
| Roopshri Resorts Allotment Status | Exchange |
Roopshri Resorts IPO subscription opened on 19 Mar 2019, and closed on 22 Mar 2019
IPO allotment for Roopshri Resorts was finalized on Wednesday, 27 Mar 2019
IPO listing for Roopshri Resorts was on BSE on Monday, 01 Apr 2019
Roopshri Resorts IPO LISTING GAINS
| Issue Price (adjusted) | 20.0 |
| Listing Open Price | 20.3 |
| Listing Close Price | 20.3 |
| Listing Gain% | 1.3% |
| Current Gain% | 241.0% |
Roopshri Resorts INFORMATION ON IPO ISSUE
About Roopshri Resorts
Roopshri Resorts was incorporated on January 09, 1990. It is a hospitality company that is currently operating “Hotel Alexander” at Matheran, which is a popular hill station in Maharashtra.
Object of the Issue
- Repayment of loans
- Repairs and restoration of hotel Alexander at Matheran
Roopshri Resorts - PROMOTERS
| Name |
|---|
| Roopa Shah |
| Shreyas Shah |
Roopshri Resorts Lead Manager of the Issue
BCB Brokerage Private Limited
bbplmumbai@gmail.com
Aryaman Financial Services Limited
ipo@afsl.co.in
Roopshri Resorts Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Roopshri Resorts Strengths
Locational benefits
The company is located at Matheran which is a very popular hill station near Mumbai and Pune and Matheran has the distinction of being the only popular tourist spot that does not have any motorways or industrial activities
Well educated and experienced promoter
Roopa Shah has over two decades of experience in the hospitality industry and Shreyas Shah has strong financial markets experience
Roopshri Resorts Risks
Legal proceedings
Promoter and director, Roopa Shah, is a party to certain legal proceedings
Unsecured loan
The company has availed Rs 157.2 lakh as unsecured loans as on October 31, 2018, which are repayable on demand
IPO FAQs
The promoters of the company are Roopa Shah and Shreyas Shah.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 20.0 - 20.0.
The IPO application opens on Mar 19, 2019 and closes on Mar 22, 2019.
The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Mar 27, 2019.
The refund will be credited to your account on Mar 28, 2019.
The allotted shares will be credited to your demat on Mar 29, 2019.
Roopshri Resorts Ltd.’s shares listed on the stock exchanges on Apr 01, 2019.