UP Hotels owners of Clarks Group to Officially Delist - RBB - 21/03/2022 TO 25/ 03/2022
Nearly 88 % of the Equity is held by Promoters
For Letter of Offer please click ;-
https://www.moneycontrol.com/stocks/reports/up-hotels-letteroffer-voluntary-delisting-process-29531921.html
UP Hotels own four premium 5 Star Clarks Hotels at Agra , Jaipur , Lucknow and Khajuraho
https://www.hotelclarks.com/
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Blog Comments
Considering that UP Hotels owns 4 Hotels on a share capital of only Rs. Five and a half crore the discovered price should be around Rs. 2000 per share.
Please Recalculate independently also .
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Please read this old post of 2009
UP Hotels - Clark Group of Hotels - Asset Laden - Massive Profits
http://www.rareindianshares.info/search?q=up+hotels
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U P hotels-Annual Report -2019-20 in PDF
U. P. Hotels Limited | Annual Report 2019-20. BOARD OF DIRECTORS ... held through VC/OAVM on Friday, 25th September, 2020 at 2.30 p.m. (IST).
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Old Post of 2015
UP Hotels - No Delisting ,No Bonus , No Quotation- Please Guide
============
No Minimum MPS ( Minimum Public Shareholding , SEBI Order 02/12 /2014.
Please go through the entire Order to Understand the Chain of Events
http://www.watchoutinvestors.com/press_release/sebi/1417605244254.pdf
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Excellent Analysis . Please Scroll down to UP Hotels :-
http://www.watchoutinvestors.com/press_release/sebi/1417605244254.pdf
==========
No Trading in BSE
http://www.watchoutinvestors.com/press_release/sebi/1417605244254.pdf
UP Hotels - No Delisting ,No Bonus , No Quotation- Please Guide
==================
U P Hotels Limted
Registered Office : 1101, " Surya Kiran " 19, Kasturba Gandhi Marg,
New Delhi 110001.
Chairman
and Managing Director , LP Gupta ; Vice Chairman & Managing
Director Birendra Kumar ; Apurv Kumar , Executive Director ; Rupak Gupta
, Executive Director
U P Hotels Limited was set up in 1961. It owns the famous and highly respected " CLARKS ' group of luxury hotels :-
Hotel Clarks Shiraz , Agra
Hotel Clarks Amer , Jaipur
Hotel Clarks Avadh , Lucknow
Hotel Clarks Khajuraho, Khajuraho
As
on 31-09-09 , Share Capital , Rs. Five Crore Forty Lakh ; Reserve Rs.
Rs. 44 crore. It is a Zero Debt Company. For the year ended 31-09-09 on a
turnover of Rs. 59 crore , Net profit Rs. 8.9 crore. Dividend 25%
No. of shareholders ; around 1060 ; Demat ratio -about 25% ;
Over 88% shares are held by promoters.
Status : Listed at BSE , Mildly Liquid ( Traded nearly daily ). Closing rate on 16-09-09 around Rs.180.
It appears , Hotel industry's prospects would improve considerably in future.
http://www.hotelclarks.com/
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UP Hotels Bonus Issue - Non Promoters Only- Ratio 31 :2 0
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http://www.moneycontrol.com/news/announcements/up-hotels-approves-delistingequity-sharesbse_824127.html
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Bonus Shares For Non Promoters Only - What Would Be Ex - Bonus Price ?
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Answer By Bhavikk Shah
As for the bonus to non-promoters are concern- the equation remains the same that is -
At
present UP HOTELS CMP is Rs. 353.90 per share . It declared bonus of 31
new for every 20 held - so after bonus the price FOR INDIVIDUAL
INVESTOR should be Rs.138.78/share.
(CMP Rs.353.90 x 20 all ready
held = Rs.7078; Bonus of 31 new so your total investment of Rs. 7078
remains the same but the total number of shares increase to 51 shares ,
so Rs. 7078/51 = Rs.138.78/sh)
Now, for promoters -
Company has total of 54,00,000 shares - promoters hold 88.39% or 47,72,960 shares.
NOW - AFTER BONUS -
Co's 54,00,000 shares will become 63,71,912 shares (Total
shares 54,00,000; bonus to non promoter so minus the promoter holding
of 47,72,960 from this 54,00,000 = 6,27,040 shares;Bonus is of 31 new
for 20 held so- 6,27,040 divide by 20 already held will give you 31,352
shares multiply this by 31 new shares will give you 9,71,912 new shares ;
Add this 9,71,912 with 54,00,000 will give you 63,71,912 shares)-
now,
promoters will not be getting Bonus so their holdings remains same at
47,72,960 shares but their percentage will be reduced from 88.39% to
74.90% a reduction of dot 13.49% in promoters holding. This is also one
kind of dilution.
BUT this promoter dilution will impact
the market cap and co's MCAP before bonus is 54,00,000 Shares X CMP of
Rs.353.90 = Rs.191,10,60,000 Cr
Now divide this 191 Cr with new Total shares = Rs. 191,10,60,000 / new total shares of 63,71,912 = Rs. 299.91
I think UP HOTELS should trade near Rs.300 after bonus.
DO SHARE YOU VIEWS -
THANKING YOU TO GIVE ME AN OPPORTUNITY TO EXPRESS MY SELF
REGARDS
BHAVIKK SHAH
CLICK FOR BHAVIKK SHAH's BLOG ALSO ON
STOCKMUSINGS.COM
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Blog 's extreme gratitude to Bhavikk Shah for his brilliant analysis.
============
UP Hotels - Clark Group of Hotels - Asset Laden - Massive Profits
http://www.rareindianshares.info/search?q=up+hotels
======================== 2017 post
Gross Profit : Rs.5 cr 36 lakh
Net Profit : Rs.3 cr 05 lakh
EPS : Rs. 5 / 64 p ( Share Rs. 10 Paid )
Dividend : NIL
57 th AGM on 25/09/18 at 2:30 pm at New Delhi
Listing Status : Suspended from BSE
Number of Shareholders ( on 31/03/2018 )- 1052:
UP Hotels to Hold Pending AGM s on 31/03/2017
UP Hotels Limited was earlier listed on the BSE.
UP Hotels owns the flourishing chain of CLARKS group of Hotels.
www.hotelclarks.com
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In
order to comply with Listing requirements of minimum 25% public
shareholding , the Company passed a Resolution ,in 2013,for a liberal
Bonus in the ratio of 31 : 20 ONLY TO NON PROMOTERS.
.
But some Promoters objected and filed Court Cases.
Bonus Issue Resolution For Non Promoter Shareholders was passed in EGM 23 /07/2013 - But No Bonus Issue Made
http://hotelclarks.com/pdf/5.pdf
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So
, in SEBI , in December 2014 , confirmed the delisting Interim Order of
2013 , thereby causing grave inconvenience to its shareholders in
Buying /Selling its shares
SEBI order
http://www.watchoutinvestors.com/press_release/sebi/1417605244254.pdf
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Now
, the National Company Law Tribunal has directed the Company to
complete all pending statutory compliance for the years 2014-15, 2015-16
before 31/03/17.
55 th AGM on 31/03/2017. Record date 23/09/2016
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General Warning : Investment in Shares Can be Injurious to Your WEALTH
Caution
:The blog writer has personal/ family members' holdings in this Company
, so please make suitable "provisions " for likely over optimism
( NB : All information given in good faith. Please recheck all facts. No responsibility taken by this author / blog . )
