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.Open Demat Account - Offers


Roopshri Resorts IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments6.5/10
Industry Ranking7.8/10
Company Background6.9/10
Company Reputation7.9/10
Competitive Edge6.7/10
Financial Statements7.8/10
Popularity Index6.4/10
Promoters Reputation6.7/10
Retail Appetite7.9/10
Top Brokers Review6.9/10
Overall Ratings7.1/10
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 / DateQIBNIIRIITotal Subscription
    1st Day – Mar 191.41x0.70x1.06x
    2nd Day – Mar 201.44x0.77x1.11x
    3rd Day – Mar 221.42x0.75x1.09x
    Shares Offered or Net Issue852,000852,0001,704,000

    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 Finalization27-Mar-19
    Refunds Initiation28-Mar-19
    Credit of Shares to Demat Account29-Mar-19
    Share Listing Date1-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-1831-Mar-1831-Mar-1731-Mar-16
    Total Assets55,903.71127.78163.64262.98
    Total Revenue193.80143.0040.6536.95
    Total Expense183.86127.8937.5134.15
    Profit After Tax7.5810.422.16 1.94

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

    31-Mar-1831-Mar-1731-Mar-16
    Basic & Diluted1.040.220.19

    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 IssuedIssue 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 Portion8,52,000 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 Issue30,10,020 Equity Shares of Rs. 10 each
    Equity Shares outstanding after to the Issue48,10,020 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 EPSRONW (%)NAV (Rs.)
    31-Mar-160.191.95
    31-Mar-170.222.14
    31-Mar-181.049.3313.33
    • Price to Earnings (P/E) ratio in relation to Issue Price of [●] per Equity Share of face value of Rs. 10 each
    ParticularsP/E ratio
    Highest[●]
    Average[●]
    Lowest[●]
    • Competitive Peers:
    Sr. No. ParticularsFace Value  (in Rs.)Basic & Diluted EPS (In Rs.)P/E RatioRONW in %
    1The Byke Hospitality Ltd108.986.2319.59
    2Aruna Hotel Ltd.101.54Neg-3.09
    3Woodsvilla Ltd.100.2420.961.83

     

    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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

    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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