Business Standard

Royal Orchid Hotels Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

112.53 cr

Price Range (₹)

165

Lot Size

40

Min Investment (₹)

6,600.00

Listing Exchange

MumbaiNSE

Open Date

12-Jan-2006

Close Date

17-Jan-2006

Listing Date

06-Feb-2006

Royal Orchid Hotels Ltd News

    The Shares of Royal Orchid Hotels Ltd have now been listed.

    Royal Orchid Hotels Ltd IPO Details

    Public Issue of 6,820,000 Equity shares of Rs. 10 each for cash at a price of Rs 165 per Equity Share aggregating Rs. 112.53 crores by Royal Orchid Hotels Ltd(The Company or Issuer) (The Issue). The Issue would constitute 25.04% of the Fully diluted post issue paid up capital of the Company.

    Objective of issue

    Capital Exp for operatin hotel in Pune under lease. Invest in subsidiary-Royal Orchid Hyderabd Pvt Ltd. Purchase of 51% Eq.Cap in Maruti Comforts & InnPvt. Cap.Exp for modern. and renov. of exist.hotel prop.

    Royal Orchid Hotels Ltd Contact Details

    Royal Orchid Hotels Ltd, Sri Venkatesh Bhavan, Plot No 27, Rd No 11, M I D C, Andheri (E), Mumbai - 400093

    Phone - 91-22-28215235/28245988

    Fax - 91-22-28350456

    Email - cosec@royalorchidhotels.com

    Website - www.royalorchidhotels.com