Mac Hotels Limited IPO Review (Date, Price DRHP)

Mac Hotels Limited IPO Review

Mac Hotels Limited is engaged in the business of owning, operating and managing hotels, restaurants, and resorts. It is the Goa-based company. Here are the issue details of the company. After describing the issue details, we will analyze Mac Hotels Limited IPO Review.

About Mac Hotels Limited IPO Review Issue Details :

  • IPO Opens on – September 19, 2018.
  • IPO Closes on – September 25, 2018.
  • Issue Price – Rs. 24 Per Equity Share.
  • Issue Type – Fixed Price Issue IPO.
  • Face Value – Rs.10 per Equity Share.
  • Min Order Quantity – 6000 Shares.
  • Market Lot – 6000 Shares.
  • Retail Allocation – 50%.
  • Issue Size – 810,000 Equity Shares of Rs. 10 aggregating up to Rs. 1.94 Cr.
  • Listing Exchange At – BSE SME Exchange.
  • Draft Prospectus – Download.

Objectives of the issue of the Company :

  • The object of the offer of Mac Hotels Limited has achieved the benefits of listing the equity shares on the designated stock exchange.
  • This company will not receive any proceeds from the offer and all the proceeds will go to the Selling Shareholder.

About The Company –

  • Mac Hotels Limited is incorporated in 1990.
  • This company since last 25 years in Goa.
  • Mac Hotels Limited ‘s main business of hotels, restaurant, cafe, caravan site, apartment house-keeper, and related services.
  • This company provides hotels and resorts are tourist destinations for domestic, international tourists and are one of the frequented hotels in Goa.
  • Mac Hotels Limited operates and manages one resort under the name “Resort Park Avenue” in Goa.
  • Resort Park Avenue is located at Umta Wado, Near Infantaria Bakery, Baga Road, Calangute, Bardez, Goa – 403 516.
  • Mac Hotels Limited has entered into Management Services Agreement (OYO Agreement) with Alcott Town Planners Private Limited.

Mac Hotels Limited

Business strategies of the company :

  • Improving the functional efficiency :

Mac Hotels Limited intends to improve functional efficiencies to achieve cost reductions. This company improvement in their customer service. They continue to invest in operational excellence throughout the organization.

  • Customer Satisfaction :

The business of this company is customer oriented. Mac Hotels Limited always strives to maintain good relations with their customers. This company provides quality services which include customer are satisfied with the services and do not have any complaint.

  • Brand Image :

Mac Hotels Limited continues to associate with good quality customers. This company is highly conscious about their brand image. Mac Hotels Limited intends to continue their brand building exercise by providing excellent services to the satisfaction of the customers.

  • Leveraging the market skills and relationship :

Leveraging their market skills and the relationship is a continuous process in their organization. The skills are imparted to their people give importance to customers.

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Competitive Strengths of Mac Hotels Limited :

  • Experienced Management Team:

The Promoters are Edgar Cotta and Edwin Cotta, look after the overall management of this company. They have more than two decades of experience in the field of the hospitality industry. This company is managed by qualified and experienced personnel.

  • Quality of Services :

Mac Hotels Limited have believed that the quality of their services acts a key role in their success. This company providing best quality services to their clients.

  • Locational Advantage :

This company is strategically located in Goa which is amongst the famous tourist places in India. Mac Hotels Limited’s Resort Park Avenue is very proximate to Calangute Beach and Baga Beach in Goa.

  • Food and Beverages :

This company is offering a variety of cuisine, including ethnic Indian, Chinese, Italian, and the Mediterranean. The restaurants of this company not only cater to guests residents in their resort. The restaurants of this company have developed a strong brand image and customer loyalty due to the quality of food served by the company.

Location :

Mac Hotels Limited –
First Floor, Beach Plaza (Annexes),
Nomxin, Caranzalem, Ilhas,
Goa, Panaji – 403001.

Hotel Mac Paradiso Garden :

Hotel Majorca is a fantastic location next to Palma Beach. It is one of the island’s most famous and popular beaches. This is located in a quiet setting just a 5-minute walk from many restaurants, shops, and leisure activities.

Hotel Mac Puerto Marina :

This hotel is located in Benalmádena Costa, on the beach and in front of Puerto Marina Benalmádena. It is one of the most emblematic marinas on the Costa del Sol. This hotel is offering a wide range of shops, restaurants, attractions and leisure activities.

The promoters of Mac Hotels Limited :

  • Edgar Cotta, aged 48 years, is the Promoter and Managing Director of this company.
  • Edwin Cotta, aged 48 years, is the Promoter, Chairman and Whole Time Director of this company.
  • Hotel Miramar Comfort Private Limited is another Promoter of this company.

The Board of Directors of this company :

  • Edgar Cotta, aged 48 years, is the Managing Director of this company.
  • Edwin Cotta, aged 48 years, is the Chairman and Whole Time Director of this company.
  • Ingrid Cotta, aged 62 years, is the Non-Executive Director of this company.
  • Ephrem Mendanha, aged 65 years, is the Independent Director of this company.
  • Blaise Costabir, aged 54 years, is the Independent Director of this company.

Company Financials :

In order to state Mac Hotels Limited IPO Review, let’s have a quick view of the company’s financial background.

Mac Hotels Limited IPO

Mac Hotels Limited IPO Review :

The small screenshot is based on the profit-loss statement. There you can an entire data regarding PAT (profit after tax) over the last four financial years. According to the 2016-17 financial year, PAT is 13.05. Apart from this, there are three-quarters’ financial data of the company. Besides this, from the company’s draft red herring prospectus we get fundamental data, ratios of the company. EPS (Earnings Per Share) is at 4.15 (basic and diluted data as per the year 2016-17). P/E ratio is not showing in the company prospectus. RoNW and NAV/Shares stand at 4.67 and 10.06 as per 2016-17 data. Hence, from the above available data, we come to the conclusion that Mac Hotels Limited IPO Review is NEUTRAL. Investors may invest but for a long-term view. Short-term investment may not work for this IPO.

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