Roopshri Resorts IPO – Review, Allotment, Subscription, GMP & DRHP

Roopshri Resorts Limited  is 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. Roopshri Resorts IPO comprises public Issue of 18,00,000 Equity Shares of Rs.10/- each  .

Let’s have a detailed review of the company and analytics of the Roopshri Resorts IPO release date, IPO offer price, subscription, Roopshri Resorts IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Roopshri Resorts IPO Review & Ratings

IPO Ratings & Review
Criteria Ratings
Industry Sentiments 6.5/10
Industry Ranking 7.8/10
Company Background 6.9/10
Company Reputation 7.9/10
Competitive Edge 6.7/10
Financial Statements 7.8/10
Popularity Index 6.4/10
Promoters Reputation 6.7/10
Retail Appetite 7.9/10
Top Brokers Review 6.9/10
Overall Ratings 7.1/10
Star Ratings ★★★☆☆

Summary of Roopshri Resorts IPO

Roopshri Resorts IPORoopshri Resorts Limited is a hospitality company which is currently operating “Hotel Alexander” at Matheran, which is a popular hill station in Maharashtra. Roopshri Resorts IPO comprises public Issue of 18,00,000 Equity Shares of Rs.10/- each of Rs.20 per share (THE “ISSUE PRICE”) aggregating to Rs. 360.00 LAKHS (“THE ISSUE”),

From FY 2015-2016 to FY 2017-18, as per the Restated Financial Statements,

  • The net asset value per Equity Share was Rs.13.33 Lakhs as on  October 31, 2018 and Rs.11.14 Lakhs  as on March 31 2018.
  • Their Revenue from Operations was Rs.143.00 Lakhs , Rs.40.65 Lakhs and Rs.36.95 Lakhs  as on March 31,2018, March 31,2017 and March 31,2016 respectively.

The Promoters of this company are Mrs. Roopa Shah  . The lead manager to the issue are BCB Brokerage Private Limited and Aryaman Financial Services Limited and the Registrar to this issue is Bigshare Services Private Limited .


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Roopshri Resorts IPO Date

The opening and the closing date of Roopshri Resorts IPO is Mar 19, 2019 – Mar 22, 2019.


Roopshri Resorts IPO Subscription

Day / Date QIB NII RII Total Subscription
1st Day – Mar 19
2nd Day – Mar 21
3rd Day – Mar 22
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Roopshri Resorts IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Basis of Allotment Finalization 27-Mar-19
Refunds Initiation 28-Mar-19
Credit of Shares to Demat Account 29-Mar-19
Share Listing Date 1-Apr-19

Roopshri Resorts IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


Roopshri Resorts IPO Equity Share Offering

Issue of 18,00,000 Equity Shares of Rs. 10 each at a price of Rs. 20 per equity Share aggregating Rs. 360.00 lakhs.


Roopshri Resorts Limited – Company Overview

Roopshri Resorts Limited  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 thereafter we have 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 their company shall be conducting restoration and repairs work and shall be making the Hotel fully operational and increase its scale of operations.

The Company is promoted by Mrs. Roopa Shah and are the guiding force behind the growth and strategic decisions of the Company.

Competitive Strengths of Roopshri Resorts Limited :

  • Locational Benefits
  • Well Educated and Experienced Promoter Group
  • Large Property Size

Business strategies of Roopshri Resorts Limited :

  • Ensure Strong Equity Position and Low Leverage
  • Asset Light Model
  • Explore value opportunities in hospitality and tourism sector

Roopshri Resorts Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

On the basis of Standalone statement:-

Amount (in INR  Rs.000’s)
31-Oct-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 55,903.71 127.78 163.64 262.98
Total Revenue 193.80 143.00 40.65 36.95
Total Expense 183.86 127.89 37.51 34.15
Profit After Tax 7.58 10.42 2.16  1.94

Earnings per Equity Share (in Rs. 000’s)

31-Mar-18 31-Mar-17 31-Mar-16
Basic & Diluted 1.04 0.22 0.19

From the above statements, one could find that the Roopshri Resorts Limited may perform well.


Roopshri Resorts IPO – Promoters

The Promoters of this company are:

  • Mrs. Roopa Shah

List of Related Parties (Key Managerial Personnel)

  • Mrs. Roopa Shah
  •  Ms. Darshana Tapase

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


Roopshri Resorts IPO Offer Details or Issue Details

Particulars  No. Of Equity Shares
Equity Share Issued Issue of 18,00,000 Equity Shares of Rs. 10 each at a price of Rs. 20 per equity Share  aggregating Rs. 360.00 lakhs
 Reserved for Market Makers  96,000 Equity Shares of Rs.10 each at a price of Rs. 20 per Equity Share  aggregating  Rs.19.20 lakhs
 Net Issue to the Public  Net Issue to Public of 17,04,000 Equity Shares of Rs.10 each at a price of Rs.20 per Equity Share to the Public aggregating Rs.340.80 lakhs
 Of which:
QIB Portion 8,52,000 Equity Shares of Rs. 10 each at a price of Rs.20 per Equity Share will be available for allocation for Investors of up to Rs. 2.00 lakhs
Of which
Available for allocation to Mutual Funds only (5% of the QIB portion) (Excluding the Anchor Investor Portion) 8,52,000 Equity Shares of Rs. 10 each at a price of Rs. 20 per Equity Share will be available for allocation for Investors of above Rs. 2.00 lakhs
Equity Shares outstanding prior to the Issue 30,10,020 Equity Shares of Rs. 10 each
Equity Shares outstanding after to the Issue 48,10,020 Equity Shares of Rs.10 each

Roopshri Resorts IPO Issue Object

These are the IPO Issue Objects of the company

  • Repayment of Loans
  •  Repairs and Restoration of Hotel Alexander at Matheran
  •  General Corporate Purposes
  •  Issue Expenses

Roopshri Resorts IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Locational Benefits
  •  Well Educated and Experienced Promoter Group
  •  Large Property Size

The relevant quantitative factors are:

Basic & Diluted EPS RONW (%) NAV (Rs.)
31-Mar-16 0.19 1.95
31-Mar-17 0.22 2.14
31-Mar-18 1.04 9.33 13.33
  • Price to Earnings (P/E) ratio in relation to Issue Price of [●] per Equity Share of face value of Rs. 10 each
Particulars P/E ratio
Highest [●]
Average [●]
Lowest [●]
  • Competitive Peers:
Sr. No.  Particulars Face Value  (in Rs.) Basic & Diluted EPS (In Rs.) P/E Ratio RONW in %
1 The Byke Hospitality Ltd 10 8.98 6.23 19.59
2 Aruna Hotel Ltd. 10 1.54 Neg -3.09
3 Woodsvilla Ltd. 10 0.24 20.96 1.83

 

Roopshri Resorts IPO Lead Managers

Lead Managers
BCB BROKERAGE PRIVATE LIMITED

ARYAMAN FINANCIAL SERVICES LIMITED

Roopshri Resorts IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED

1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400 059 Tel. No.: +91 – 22 – 6263 8200 Email: Website: www.bigshareonline.com Investor Grievance Email: ; Contact Person: Mr. Babu Raphael SEBI Registration No.: INR000001385


Other Details:

  • Statutory Auditor – M/S. V. N. PUROHIT & CO
  • Bankers to the Company – Union Bank Of India

Roopshri Resorts IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10

Roopshri Resorts IPO Grey Market Premium

The Roopshri Resorts IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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Roopshri Resorts IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


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