MAC Hotels Limited

MAC Hotels

About the Company:

MAC Hotels Ltd is primarily engaged in the business of owning, operating and managing hotels, restaurants and resorts in Goa since last 25 years.

Company’s Hotels and Resorts are tourist destinations for domestic as well as international tourists and are one of the frequented hotels in Goa.

Company’s Corporate Promoter Hotel Miramar Comfort Private Limited is also engaged in Hospitality Business. At present, Company operates and manages one resort under the name “Resort Park Avenue” in Goa which is located at Umta Wado, Near Infantaria Bakery, Baga Road, Calangute, Bardez, Goa.


Company’s Business Activities:


Mac Hotels Limited operates Resort Park Avenue near Calangute Beach, Goa since year 2004. It is spread over an area of 3,225 Square metres. It consists of rooms, multi cuisine restaurant, coffee shop, swimming pool.

The accommodation consists of 50 guest rooms ensuring comfort and luxury. This resort is centred around the swimming pool with balconies overlooking the pool. The rooms at this resort are comfortable and spacious appealing to family and couples.



Company has signed up with The Chocolate Room India, an Australian Chain of chocolate Cafe. They have opened two stores in Goa, in Calangute and Panjim respectively.

The Chocolate Room – is one of the largest franchisees of Chocolate café chain in India. With having a USP of Hot Chocolates, there is more than Chocolate in our café menu like, Hot Chocolates, Choctails, Chocshakes, Chocizza, Chocolate Crepes, Chocolate Fondues, Italian Panini, Mexican Delicious Food; besides that, a selection of
Belgian Bon Bons.


Management Team:

  1. Mr. Edgar Maximiano Do Rosario Cotta (Designation: Managing Director)
  2. Mr. Edwin E R Cotta (Designation: Chairman & Whole Time Director)
  3. Mrs. Ingrid Cotta (Designation: Non-Executive Director)


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17 FY 18
Revenue 1.18 1.41 1.93 1.88 3.10 2.39
Net Profit (-0.012) 0.08 0.87 0.84 0.13 0.08


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Mac Hotels Limited 10 3.84 4.25 4.32% 10.07
Fomento Resorts & Hotels
10 6.56 19.07 10.04% 104.70
Ras Resorts and Apart Hotels
10 1.55 22.26 2.52% 61.71
HS India Limited 10 0.64 18.52 3.98% 16.03
Sinclair Hotels Limited 10 16.18 26.34 10.77% 150.20


IPO Details:

Details Info
Issue Opens on 19th September 2018
Issue Closes on:. 25th September 2018
Issue Price Rs.24
Face Value Rs.10
Minimum Lot 6000 Shares
Minimum Investment Rs.1,44,000
Issue Constitutes 27%
Issue Size Rs.1.94 cr
Market Cap Rs.7.2 cr
Listing at BSE SME
Equity Shares Offered 8,10,000
Equity Shares Prior 30,000,000
Equity Shares after the issue 30,000,000


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
3.84 6.25 4.32% 10.07



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Company Contact Info:
First Floor, Beach Plaza (Annexee), Nomxin, Caranzalem,
Ilhas, Panaji – 403 001, Goa, India
Tel: + 91-0832-2464299


IPO Registrar Info:
1st Floor, Bharat Tin Works Building, Opp.
Vasant Oasis, Makwana Road, Marol, Andheri
East, Mumbai – 400 059
Tel: +91 22 62638200
Fax: +91 22 62638299


Lead Manager to the Issue:
Registered Office: Office no.102, 1st Floor, Kanakia
Atrium-2, Chakala Andheri Kurla Road, Behind
Courtyard Marriot, Mumbai – 400093
Tel No.: +91 – 33 – 40069278
Fax No.: +91 – 33 – 40069278
SEBI Registration No: INM000012177