Aruna Hotels Rights Issue Details, Dates, Size, Allotment and moreLast Updated Date: Apr 29, 2022
Let’s have a detailed review of the company and analytics of the Aruna Hotels Rights Issue offer open date, Term of payment, Aruna Hotels Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.
|Face Value||Rs 10|
|Issue Price||Rs 10|
|Min. Lot Size||[●] Eq Shares|
|Record Date||July 23, 2021|
|Issue Size (Rs.)||Rs 2,490 Lakhs|
|Shares for Issue||2,49,00,000 Eq Shares|
|Rights entitlement||Upto 83 (eighty three) Equity Share(s) for every 30 (thirty) fully paid-up Equity Share(s) held on the Record Date|
Aruna Hotels Rights Issue is listed at BSE. Check out the live share price by clicking on the below link.
Aruna Hotels Rights Issue – Summary
Their company was incorporated on September 09, 1960, as a public limited company under the Companies Act, 1956 with the Registrar of Companies, Madras. The name of their Company was changed to ‘Aruna Sugars & Enterprises Limited’ and a fresh certificate of incorporation dated July 3, 1986, was issued to their Company by the Registrar of Companies, Madras, Tamil Nadu.
The name of their Company was changed to ‘Aruna Sunrise Hotels Limited’ and a fresh certificate of incorporation dated October 25, 2000, was issued to their Company by the Registrar of Companies, Chennai, Tamil Nadu, the name of their Company was changed to ‘Aruna Hotels Limited’ and a fresh certificate of incorporation dated January 14, 2003, was issued to their Company by the Asst. Registrar of Companies, Chennai, Tamil Nadu.
The Promoter of this company is S. BALASUBRAMANIAN ADITYAN. The lead manager to the issue is SAFFRON CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar to this issue is Cameo Corporate Services Limited.
Aruna Hotels Rights Issue Date
The opening and the closing date of the IPO of this rights issue are September 24, 2021, and October 13, 2021, respectively.
Aruna Hotels Rights Issue Allotment Status
Here, you can find the Allotment Status of this Right Issue.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Aruna Hotels Rights Issue Dates
Find the dates below on basis of allotment, record, listing, and more:
|Issue Opening Date||September 29, 2021|
|Last date for on-market renunciation of rights / Date of closure of trading of Rights Entitlements||September 24, 2021|
|Issue Closing Date||October 13, 2021|
|Finalizing the basis of allotment with the Designated Stock Exchange||October 20, 2021|
|Record date||July 23, 2021|
|Date of Allotment||, October 21, 2021|
|Credit of Shares to Demat Account||October 22, 2021|
|Share Listing Date||October 26, 2021|
Aruna Hotels Rights Issue Price
The face value of each share is Rs.10, but the Cash Price is Rs.10 per Eq share.
Aruna Hotels – Rights Issue Size
This Initial Public Issue of 2,49,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.10 per equity share aggregating to Rs 2,490 Lakhs.
Aruna Hotels – Rights Issue Live Performance
The listing date of this IPO is October 26, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
|Live IPO Performance – Aruna Hotels Share Price|
Aruna Hotels – Company Overview
Their Company had initially set up a sugar plant at Pennadam, South Arcot District, Tamil Nadu with a crushing capacity of 1,250 TCD. Through a series of modernization and expansion programs, the capacity was expanded to 5000 TCD in and around 1993.
In 1986, the Company diversified its activities by taking over the assets then owned by SAS Chemicals (Madras) Pvt. Ltd., a sick unit at Ranipet, North Arcot District, Tamil Nadu auctioned by TIICL, which had facilities for the manufacture of 30 TPD ferric alum.
In 1987, the Company further diversified its activities by taking over the assets of ‘Geetha Flour Mills Ltd.’, at Tiruvalla, Kerala with a milling capacity of 100 TPD of wheat. Around 1994-95 the Company discontinued its flour mill division.
Their Company presently owns a hotel by the name of ‘Aruna Hotel’– Chennai situated at 144, 145, Sterling Road, Nungambakkam, Chennai – 600034, Tamil Nadu, India.
Aruna Hotels Rights Issue – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
|Amount (in INR & Lakhs)|
|Profit After Tax||(1007.96)||(788.57)||(979.31)|
Earnings per Equity Share (in Lakhs)
Their Hotel is not operational since FY 2014-15 as it was under renovation process. As of the date of this Letter of Offer, they have completed the renovation of the main structure of their Hotel, however, they are yet to complete the construction of a multi-level car parking area and setting up of a transformer in the premises of their Hotel. Therefore, Net Revenue from operations which is also through lease rental income for Fiscal 2019, Fiscal 2020, and Fiscal 2021 is Nil, Nil, and Rs. 30.84 Lacs.
Their expenses consist primarily of, employee benefit expenses, finance costs, depreciation and amortization expenses, tax expenditure, and other expenses.
Aruna Hotels Rights Issue – Promoters
The Promoters of this company are:
- S. BALASUBRAMANIAN ADITYAN
List of Related Parties (Key Managerial Personnel)
- Muralidharan Ramasamy, Chairman and Non-Executive Director
- David Susainadar Managing Director
- Rajakumar Kumaravelayatha Nadar, Non-Executive Director
- Suyambu Narayanan, Independent Director
- Freeda Gnanaselvam Kanagiah, Independent Director
Aruna Hotel – Rights Issue Details
|Particulars||Details of Equity Shares|
|Equity Shares proposed to be issued||Up to 2,49,00,000 Equity Shares|
|Rights Entitlement||Upto 83 (eighty three) Equity Share(s) for every 30 (thirty) fully paid-up Equity|
Share(s) held on the Record Date
|Record Date||July 23, 2021|
|Issue Price per Rights Equity Shares||Rs.10/-|
|Issue Size||Rs 2,490 Lakhs|
|Equity Shares issued, subscribed, and paid-up prior to the Issue||90,00,000 Equity Shares|
|Equity Shares subscribed and paid up after the Issue||Up to 90,00,000 Equity Shares|
Aruna Hotels – Rights Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Part repayment or prepayment of unsecured loans availed by their Company from the Promoter Group; and
2. General corporate purposes.
Aruna Hotels Business Strategy
- Continue to focus on enhancing their operational performance and the competitiveness of their hotel property
- Continue to improve operating efficiencies
- Brand expansion through management contracts
- Subsisting collaborations, any performance guarantee or assistance in marketing by the collaborators, infrastructure facilities for raw materials and utilities like water, electricity, etc.
Aruna Hotels Issue Lead Managers
|SAFFRON CAPITAL ADVISORS PRIVATE LIMITED|
605, Center Point, 6th floor,
Andheri Kurla Road, J. B. Nagar,
Andheri (East), Mumbai – 400 059,
Telephone: +91 22 4082 0914/0915
Facsimile: +91 22 4082 0999
Investor grievance: email@example.com
Contact Person: Amit Wagle / Gaurav Khandelwal
SEBI Registration Number: INM 000011211
Validity of Registration: Permanent
Aruna Hotels – Rights Issue Registrar to offer
|Registrar to the Offer|
|CAMEO CORPORATE SERVICES LIMITED |
No. 01, Club House Road,
Chennai- 600 002,
Tamil Nadu, India.
Telephone: +91044 4002 0700/ 0710/ 2846 0390
Email: firstname.lastname@example.org / email@example.com
Investor grievance e-mail: firstname.lastname@example.org
Contact Person: Sreepriya K.
SEBI Registration No.: INR000003753
Validity of Registration: Permanent
Aruna Hotels – Other Issue Details
- Statutory Auditor – M/s. Bala & Co., Chartered Accountants
- Legal Counsel to the Company – M V Kini, Law Firm
- Bankers to the Company –HDFC Bank Limited
Subscribe to Aruna Hotels Rights Issue
Aruna Hotels Limited Rights Issue News
News 2 – Aruna Hotels Rights Issue Letter of Offer
Aruna Hotels Rights Issue Review FAQs
Where to download the Aruna Hotel letter of offer?
This page is the perfect hub for shareholders, which wish to pursue the option of buying additional Aruna Hotels Company shares. You will find a news section towards the end of the page, and the link which would redirect you to the letter of offer.
Where to download the Application Form for Aruna Rights Issue?
Application forms of Aruna Hotels Rights Issue can be obtained via multiple destinations. You can seek out the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose either online or offline mode to submit it.
How to check the Aruna Hotels Rights Issue allotment date?
They are highly oriented to provide you with end-to-end details of the Aruna Hotels Rights Issue. Hence, they urge you to check out the page precisely for the allotment date. They will find a sub-section on the page, namely Rights Issue Dates, which features all necessary dates.
What is the Aruna Hotel Rights Issue price per share?
Rights issue is generally an offer made to shareholders at a price lower than the market price. Hence, as per the offer made in the Letter of Offer, the company proposes to sell shares at Rs.10 per Equity Share through Aruna Hotels Rights Issue.
Who is the registrar to Aruna Hotel Rights Issue?
Registrar, as chosen by Aruna Hotels is Cameo Corporate Services Limited. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find the registrar’s address, contact person, and email id information.
When the Aruna Hotels Rights Issue is opening?
They collected all the scattered data from the Letter of Offer for their readers, to make it easy for them to easily locate the required details. As per the offer stated, the Aruna Hotels Rights Issue is all set to open on September 29, 2021.
When the Aruna Hotel Rights Issue is closing?
While, the offer would open on September 29, 2021, it is most likely scheduled to close on October 13, 2021. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on the Aruna Hotels Rights Issue.
What is the Aruna Hotel Rights Issue size?
Aruna Hotels Rights Issue is a proposal to raise 2,49,00,000 Equity shares, aggregating to Rs 2,490 Lakhs, from the existing shareholders. You can furthermore refer to the topmost table of this article to check out other crucial statistics such as Minimum Lot size, record date, RE, Face value, and more.
Who is the Aruna Hotel Rights Issue Lead manager?
A designated underwriter or lead manager of Aruna Hotels Rights Issue is SAFFRON CAPITAL ADVISORS PRIVATE LIMITED. They also provide you with the information you need about the lead manager, such as an address, contact person, email address, and more. Such data is structured towards the end of the article.
What are the important dates of the Aruna Hotel Rights Issue?
There are a bunch of important dates regarding the Aruna Hotels Rights Issue, which you need to know about. The priority should be the Record Date of July 23, 2021 ., which deems you eligible for investment. The rest of the dates include opening, closing, allotment, listing, and more, which are all provided in the section Rights Issue Dates.
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