Royal Orchid Hotels Ltd - IPO

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