Roopshri Resorts Ltd

About the Company:

Roopshri Resorts Ltd 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.

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.

 

About Hotel Alexander:

The Hotel comprises of 13 private cottage rooms and 12 executive rooms, of which only 4 private cottage rooms are in operational condition.

The hotel property is located in a secluded valley side little further from the main market area making it a unique proposition for nature lovers and those looking to distress from the hustle bustle of the city.

This property is almost 3.75 acres in size but only less than half acres are currently being used for the hotel facilities.

Roopshri Resorts Ltd has been operating as a service provider for this Hotel over the years and thereafter 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 company shall be conducting restoration and repairs work and shall be making the Hotel fully operational and increase its scale of operations.

Company is proposing to renovate this property and increase its operational capacity and also rebuild its boarding facilities to be able to offer “full lodging and boarding facilities” to its customers.

 

Company’s Asset Light Model:

Company does not own any real estate. The Hotel Property is taken on a leave and license against which company has given a substantial security deposit which is refundable in nature.

There is no material outflow in form of rentals or license fees and hence it makes company’s operating cash flow stress free.

 

Management Team:

1. Mrs. Roopa Shah (Designation: Executive Director)
2. Mr. Shreyas Shah (Designation: Executive Director)

 

Objectives of the Issue:

• Repayment of Loans
• Repairs and Restoration of Hotel Alexander at Matheran
• General Corporate Purposes
• Issue Expenses

 

Financials of the Company: (in Lakhs)

(in Lakhs)	FY 16	FY 17	FY 18	31st Oct 18
Revenue	0.36	0.40	1.43	1.93
Net Profit	0.019	0.02	0.10	0.075

 

Valuation of Peer Group Companies:

 

Company Name	Face Value	EPS	PE Ratio	RoNW	NAV
Roopshri Resorts Ltd	10	1.04	19.23	9.33%	11.14
The Byke Hospitality Ltd	10	8.98	6.23	19.59%	45.82
Woodsvilla Ltd	10	1.04	19.23	9.33%	11.14

 

IPO Details:

Details	Info
Issue Opens on	19th March 2019
Issue Closes on:.	22nd March 2019
Issue Price	Rs.20
Face Value	Rs.10
Minimum Lot	6000
Minimum Investment	Rs.1,20,000
Issue Constitutes	37.42%
Issue Size	Rs.3.6 cr
Market Cap	Rs.9.62 cr
Listing at	BSE SME
Equity Shares Offered	18,00,000
Equity Shares Prior to the Issue	30,10,020
Equity Shares after the Issue	48,10,020

 

Important Dates:

Finalization of Basis of Allotment	on or Before 27th March 2019
Initiation of Refunds	on or Before 28th March 2019
Credit of Equity Shares:	on or Before 29th March 2019
Listing Date:	on or Before 1st April 2019

 

IPO Valuation Parameters:

Earnings Per Share (EPS)	Price To Earnings ratio (PE)	Return on Net Worth (RoNW)	Net Asset Value (NAV)
1.04	19.23	9.33%	11.14

 

Check IPO Allotment Status:
Bigshare Website (Click on the below Link) http://www.bigshareonline.com/bssipoapplicationstatus.aspx

 

 

Company Contact Info:
Roopshri Resorts Ltd Hotel Alexander, S. No. 246, Plot No. 99, Matheran, Tal: Karjat, Raigad – 410 102 Tel No: +91 – 2148 – 230 069 Email: info@roopshriresorts.co.in Website: www.roopshriresorts.co.in

 

Lead Manager to the Issue:
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