Roopshri Resorts Limited, a premier hotel service provider across the hill stations in Maharashtra, is issuing the IPO (Initial Public Offering) in March 2019. The company aims to raise a capital of Rs 3.60 crores through this public issue of IPO of face value Rs 10. The Roopshri Resorts IPO will be issued from 19th March 2019 to 22nd March 2019 at Rs 20 per equity share. The allocated equity shares will be listed on BSE SME for further trading.
Company Details
Roopshri Resorts Limited was incorporated in the year 1990 and at that time its name was Hema Land Developers Private Limited. Later it was changed to what it is today in the year 1998. They are a hospitality service provider in Maharashtra and currently operating a hotel named Hotel Alexander, which is one of the oldest hotels in that area operating from the last 3 decades. This hotel is situated in Matheran which is a famous hill station in Maharashtra. This hotel comprises 13 private cottage rooms and 12 executive rooms out of which only 4 private cottage rooms are in operating conditions. The company is planning to renovate the property after which it can offer full lodging and boarding facilities to the customers.
The competitive strengths of Roopshri Resorts Limited are the benefit of location, well educated and experienced promoters, the large size of property etc. The company is promoted by Mr Roopa Shah. As on 31st October 2018, the total assets of the company stands at Rs 5.59 crore.
Roopshri Resorts IPO – Issue Details
| Type of Issue | Fixed Price Issue of IPO |
|---|---|
| Issue Opens | 19th March 2019 |
| Issue Closes | 22nd March 2019 |
| Face Value | Rs 10 |
| Issue Price | Rs 20 Per Equity Share |
| Market Lot | 6,000 Equity Shares |
| Minimum Order Quantity | 6,000 Equity Shares |
| Issue Size | 18,00,00 Equity Shares (Rs 3.6 crore) |
| Listing | BSE SME |
Roopshri Resorts Ltd IPO – Objects of the Issue
According to the Company, the following are the objects to this IPO issue:-
- For the repayment of loans of the company.
- For the repair and restoration of Hotel Alexander and Hotel Matheran.
- General corporate purpose.
- To meet the issue expenses.
Roopshri Resorts Ltd IPO – Company Contact Details
Address:-
Hotel Alexander, S.No. 246, Plot No. 99, Matheran, Taluka Kajrat, Raigad – 410102.
Telephone: +91-2148-230069
Website: www.roopshriresorts.co.in
Roopshri Resorts Limited IPO – Lead Manager of the Issue
The following are the lead managers of the Roopshri Resorts Limited IPO issue:-
- BCB Brokerage Private Limited
- Aryaman Financial Services Limited
Roopshri Resorts Limited IPO – Registrar to the Issue
The registrar to the Roopshri Resorts Limited IPO issue is Bigshare Service Private Limited.
Roopshri Resorts Limited IPO – Issue Prospectus
Click here to read the issue prospectus of Roopshri Resorts IPO issue.
Disclaimer: This post is just information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
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Tags: #IPO #Stock Market #Roopshri Resorts IPO #investments #Upcoming IPO Issue 2019
