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.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
12-Jan-2006
17-Jan-2006
₹ 165.00
₹ 0.00
Minimum Application for shares in Nos : 40.0
Further Multiples of : 40.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
0.00
ICICI Securities Ltd
Project Financed through Current Offer
112.53
Post Issue Equity Share Capital
27.23
Issue Price
₹165.00
Projects
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