Roopshri Resorts announces launch of initial public offering
15/03/2019 12:00
Roopshri Resorts Ltd. has announced public offering of 1800000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 10.00 per share. The gross proceeds of the issue are expected to be Rs 360.00 lakhs.

The company's initial public offer (IPO) will open on 19 March 2019 and is expected to close on 22 March 2019, subject to customary closing conditions.

The IPO includes a fresh Issue of 1800000 Equity Shares of the Company at an price of Rs 20.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 6000 shares with bids in multiples of 6000.

Roopshri Resorts Ltd. anticipates using the proceeds of the issue for • Repayment of Loans,• Repairs and Restoration of Hotel Alexander at Matheran,• General Corporate Purposes,• Issue Expenses.

Aryaman Financial Services Limited as lead manager & BIGSHARE SERVICES PRIVATE LIMITED is the registrar, to the issue.