Viceroy Hotels Rights Issue is scheduled on 12 – 24 December 2024
Established in 1965, Viceroy Hotels is a public limited company based in Hyderabad, India. The company operates primarily in the hospitality sector, managing two hotels in Hyderabad that emphasize luxury and comfort for both business and leisure travelers. The flagship property, Hotel Viceroy, is noted for its architectural elegance and offers amenities such as a health club, swimming pool, and multiple dining options, set against the backdrop of the Hussain Sagar Lake.
Over the years, Viceroy Hotels has expanded its operations and aims to grow its portfolio from 500 to over 10,000 rooms across various segments including business, leisure, and luxury travel. The company is committed to maintaining high standards of governance and transparency while enhancing guest experiences through strategic partnerships and innovative practices in the hospitality industry.
Promoters of Viceroy Hotels – M/S. LOKO Hospitality Private Limited
Table of Contents
Viceroy Hotels Rights Issue Details
| Viceroy Hotels Rights Issue Date | 12 – 24 December 2024 |
| Viceroy Hotels Rights Issue Price | INR 112 per share |
| Issue Size (in Shares) | 44,21,053 shares |
| Issue Size (in INR) | INR 49.52 crore |
| Issue Entitlement | 7 equity shares for every 10 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Viceroy Hotels Rights Issue Record Date | 29 November 2024 |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
Viceroy Hotels Rights Issue Calculation
| Viceroy Hotels Rights Issue Price | INR 112 per share |
| Market Price on Rights Issue Approval | INR 130 per share |
| Dilution Factor (X) | 1.7 |
| Fair Value After Dilution at Prevailing Price | INR 122.59 per share |
Viceroy Hotels Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 52.0 | 119.0 | 138.0 |
| Expenses | 87.0 | 111.0 | 120.0 |
| Operating Margin (%) | (66.0) | 7.0 | 13.0 |
| Net Income | (26.30) | (0.05) | 2.39 |
| ROCE (%) | (21.0) | 0.0 | 2.0 |
Viceroy Hotels Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Capital expenditure requirements towards renovation/completion of existing properties
- To meet general corporate purposes
- To meet the expenses of the issue
Viceroy Hotels Rights Offer Documents
- Viceroy Hotels Rights Issue Application Form
- Viceroy Hotels Letter of Offer
- Board Meeting Outcome
- Viceroy Hotels Draft Letter of Offer
- Rights Issue in 2024
Viceroy Hotels Rights Issue Dates
| Rights Issue Approval Date | 25 November 2024 |
| Rights Issue Record Date | 29 November 2024 |
| Credit of Rights Entitlement | 9 December 2024 |
| Rights Issue Opening Date | 12 December 2024 |
| Last Date for Market Renunciation | 18 December 2024 |
| Rights Issue Closing Date | 24 December 2024 |
| Finalization of Basis of Allotment | 31 December 2024 |
| Rights Allotment Date | 1 January 2025 |
| Credit Date | 7 January 2025 |
| Listing Date | 10 January 2025 |
Viceroy Hotels Rights Offer Lead Manager
NAVIGANT CORPORATE ADVISORS LIMITED
804, Meadows, Sahar Plaza Complex, J B Nagar,
Andheri Kurla Road, Andheri East, Mumbai-400 059
Phone:Â +91-22-41204837/49735078
E-mail:Â [email protected]
Website:Â www.navigantcorp.com
Viceroy Hotels Rights Offer Registrar
VENTURE CAPITAL AND CORPORATE INVESTMENTS PRIVATE LIMITED
AURUM, Door No. 4-50/P-II/57/4F & 5F, 4th & 5th Floors,
Plot No. 57, Jayabheri Enclave Phase – II, Gachibowli,
Seri Lingampally, Hyderabad, Telangana,500032
Phone:Â 040-23818475/76
Email:Â [email protected]/[email protected]
Website:Â www.vccipl.com
Viceroy Hotels Contact Details
VICEROY HOTELS LIMITED
3rd Floor, Aparna Crest, 8-2-120/112/88 & 89,
Road No.2, Banjara Hills, Banjara Hills, Hyderabad,
Khairatabad, Telangana, India, 500034
Phone:Â 040 40204383
Email: [email protected]
Website: www.viceroyhotels.in
Viceroy Hotels Rights Offer FAQs
What is the Viceroy Hotels Rights Issue Price?
The issue price is INR 112 per share.
What is the Viceroy Hotels Rights Issue entitlement ratio?
The eligible shareholders are offered 7 Equity Shares for every 10 Equity Shares held on the record date.
What is the Viceroy Hotels Rights Issue Record Date?
The Record date is 29 November 2024.
How to Apply in Viceroy Hotels Rights Offer?
The best way to apply in the Viceroy Hotels Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
