Roopshri Resorts IPO description – Roopshri Resorts is a hospitality company currently operating “Hotel Alexander” at Matheran. Hotel Alexander is one of the oldest hotel properties in Matheran and has been in existence operating under this brand for over three decades. The property is located in a secluded hill side and is an 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.
The company has been operating as a service provider for this hotel over the years and has recently taken the hotel property on leave and license from its owner. The Hotel had not been operating to full capacity due to 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 operations.
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.
Roopshri Resorts promoters – Mrs Roopa Shah
| Roopshri Resorts – Upcoming IPO details | |
| Subscription Dates | 19 – 22 March 2019 |
| IPO Price band | INR20 per share |
| Fresh issue | 1,800,000 shares (INR3.60 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,800,000 shares (INR3.60 crore) |
| Minimum bid (lot size) | 6,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Repayment of Loans – INR1.50 crore
- Repairs and Restoration of Hotel Alexander at Matheran – INR1.69 crore
- General Corporate Purposes – INR0.16 crore
- Issue Expenses – INR0.25 crore
| Roopshri Resorts’ financial performance (in INR lakh) | ||||||
| FY2016 | FY2017 | FY2018 | 7M FY2019 | |||
| Total revenue | 0.37 | 0.41 | 1.43 | 1.94 | ||
| Total expenses | 0.34 | 0.38 | 1.28 | 1.84 | ||
| Profit after tax | 0.02 | 0.02 | 0.10 | 0.08 | ||
Roopshri Resorts Contact Details
Roopshri Resorts Limited
Hotel Alexander, S. No. 246,
Plot No. 99, Matheran
Tal: Karjat, Raigad – 410 102
Phone: +91 2148 230 069
Email: [email protected]
Website: www.roopshriresorts.co.in
Roopshri Resorts IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 1.00 |
| Day 2 | 1.01 |
| Day 3 | 1.03 |
Roopshri Resorts Valuation (For FY2018)
Earnings Per Share (EPS): INR1.04
Price/Earnings (P/E) ratio: 19.23
Return on Net Worth (RONW): 9.33%
Net Asset Value (NAV): INR11.14 per share
Registrar of Roopshri Resorts IPO
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
Roopshri Resorts IPO Allotment Status
Roopshri Resorts IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Roopshri Resorts
IPO Opening Date: 19 March 2019
IPO Closing Date: 22 March 2019
Finalisation of Basis of Allotment: 27 March 2019
Initiation of refunds: 28 March 2019
Transfer of shares to demat accounts: 29 March 2019
Listing Date: 1 April 2019
Listing Price on BSE SME: INR20.25 per share (up 1.25% from IPO price)
Closing Price on BSE SME: INR20.25 per share (up 1.25% from IPO price)
