Business Standard

Mac Hotels Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

1.94 cr

Price Range (₹)

24

Lot Size

6000

Min Investment (₹)

1,44,000.00

Listing Exchange

BSE - SME

Open Date

19-Sept-2018

Close Date

25-Sept-2018

Listing Date

04-Oct-2018

Mac Hotels Ltd News

    The Shares of Mac Hotels Ltd have now been listed.

    Mac Hotels Ltd IPO Details

    Public offer of 8,10,000 equity shares of face value of Rs. 10/- each (equity shares) of Mac Hotels Limited (the company or offerer) for cash at a price of Rs. 24 per equity share (including a share premium of Rs. 14 per equity share), aggregating upto Rs. 1.94 crores (the offer), comprising an offer for sale of 8,10,000 equity shares by Hotel Miramar Comfort Private Limited (the promotor/selling shareholder) aggregating upto Rs. 1.94 crores by the promotor/selling shareholder (offer for sale). the offer comprises of 40,000 equity shares of face value Rs. 10/- each for cash at a price of Rs. 24 per equity share, aggregating Rs. 0.10 crores which well be reserved for subscription by the market maker to the offer (the market maker reservation portion). The offer less market maker reservation portion i.e. Offer of 7,68,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 24 per equity share, aggregating Rs. 1.84 crores is hereinafter refered to as the net offer. The offer and the net offer will constitute 27.00% & 25.60%, respectively of the post offer paid up equity share capital of the company.The Face value of the equity shares is Rs. 10 each and the offer price of Rs. 24 is 2.4 times of the face value of the equity shares.

    Objective of issue

    Listing of Shares on the Stock Exchanges.

    Mac Hotels Ltd Contact Details

    Mac Hotels Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - investor@machotels.net

    Website - www.machotels.net