Roopshri Resorts IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Aug 24, 2022Roopshri 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 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 | – | 1.41x | 0.70x | 1.06x |
| 2nd Day – Mar 20 | – | 1.44x | 0.77x | 1.11x |
| 3rd Day – Mar 22 | – | 1.42x | 0.75x | 1.09x |
| Shares Offered or Net Issue | – | 852,000 | 852,000 | 1,704,000 |
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: ipo@bigshareonline.com Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com; 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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