Launched in 1992, Speciality Restaurants Ltd is a fine dining operator in India with 62 restaurants and 11 confectionaries as of December 31, 2010. They focus on providing their guests an affordable fine dining experience with quality food and service in a modern ambience.
Speciality Restaurants has established several famous brands across the nation, including Mainland China, Oh! Calcutta, Sigree, Haka, Machaan, Mostly Kababs, Just Biryani and Sweet Bengal. It runs 62 Food & Beverage outlets in various important cities. Mainland China alone serves more than 2 lakhs Chinese meals per month, which is a record of sorts in the country. Their restaurants consist of different restaurant concepts and are located across India, with the majority concentrated in the western region.
The four factors of contribute to the quality of the food that they offer quality fresh ingredients, modern food preparation and storage equipment, standardised recipes prepared by trained chefs and effective quality monitoring.
Anjan Chatterjee and Suchhanda Chatterjee are the Promoters of the company.
The object of the issue are to:
1. Development of new corporate restaurants;
2. Development of a food plaza;
3. Repayment of a term loan facility; and
4. General corporate purposes.
»» Issue Open: May 16, 2012 - May 18, 2012
»» Issue Type: Book Built Issue IPO
»» Issue Size: 11,739,415 Equity Shares of Rs 10 aggregating up to Rs 176.09 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 146 - Rs 155 Per Equity Share
»» Market Lot: 40 Shares
»» Minimum Order Quantity: 40 Shares
»» Listing At: BSE, NSE
CRISIL has assigned an IPO Grade 4 to Speciality Restaurants Ltd IPO. This means as per CRISIL, company has 'Above Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Speciality Restaurants Ltd IPO Grading Report.
Dilip Davda (May 15th, 2012)
While Speciality Restaurant Ltd. (SRL) IPO is opening for subscription on 16.05.012, its Anchor offer got fully subscribed with five Anchor Investors subscribing the entire portion at a price of Rs. 150 per share. They include Morgan Stanley MF (Growth Fund), SBI Magnum Global Fund and Reliance Capital Trustee Co. (Reliance Equity Opportunity Fund) each subscribing 352182 shares and International Opportunity Funds-India Equity, HSBC India Alpha (Mauritius) Ltd. Subscribing 352183 shares each.
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||4,108,795||1,760,912||4,108,796||9,978,503|
|Day 1 - May 16, 2012 17:00 IST||0.0000||0.0000||0.0100||0.0100|
|Day 2 - May 17, 2012 17:00 IST||0.0000||0.0000||0.0500||0.0200|
|Day 3 - May 18, 2012 17:00 IST||4.6800||2.1900||0.5500||2.5400|
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