SPECIALITY RESTAURANTS LIMITED
(Our Company was incorporated as Speciality Restaurants Private Limited on December 1,
1999 as a private limited company under the Companies Act, 1956. The name of our Company
was changed to Mainland Restaurants Private Limited on May 7, 2003 and a fresh certificate
of incorporation dated May 8, 2003 was issued by the Registrar of Companies, West Bengal.
Subsequently the name of our Company was changed again to Speciality Restaurants Private
Limited and a fresh certificate of incorporation dated January 1, 2004 was issued.
Consequent upon the conversion of our Company to a public limited company, the name of our
Company was changed to Speciality Restaurants Limited and a fresh certificate of
incorporation dated February 10, 2011 was issued by the Registrar of Companies, West
Bengal. For further details see the section "History and Certain Corporate
Matters" on page 138 of the Prospectus.)
PROMOTERS OF OUR COMPANY: ANJAN CHATTERJEE AND SUCHHANDA CHATTERJEE
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 11,739,415 EQUITY SHARES OF FACE VALUE RS. 10 EACH OF SPECIALITY RESTAURANTS LIMITED ("OUR COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 150 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 140 PER EQUITY SHARE) AGGREGATING TO RS. 1,760.91 MILLION (THE "ISSUE"). THE ISSUE WILL CONSTITUTE 25.00% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.
BID/ISSUE OPENED ON MAY 16, 2012* AND CLOSED ON MAY 18, 2012.
* The Anchor Investor Bid/Issue Period was one working day prior to the Bid/Issue Opening Date.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS RS. 150 PER EQUITY SHARE AND IS 15 TIMES THE FACE VALUE OF THE EQUITY SHARE.
The Equity Shares are proposed to be listed on the BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading will commence on or around May 31, 2012.
In terms of Rule 19(2)(b)(l) of the Securities Contracts Regulations Rules, 1957,
as amended ("SCRR"), this is an Issue for 25% of the post-Issue capital of the
Company. The Issue was made through the Book Building Process wherein not more than 50% of
the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers
("QIB"). 5% of the QIB Portion (excluding Anchor Investor Portion) will be
available for allocation on a proportionate basis to Mutual Funds only, and the remainder
of the QIB Portion will be available for allocation on a proportionate basis to all QIB
Bidders, including Mutual Funds, subject to valid Bids being received at or above the
Issue Price. Further, not less than 15% of the Issue will be available for allocation on a
proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue will
be available for allocation on a proportionate basis to Retail Individual Bidders, subject
to valid Bids being received at or above the Issue Price. For details, see the section
titled "Issue Procedure" on page 281 of the Prospectus.
The final demand at different bid prices is as under:
The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being NSE on May 24, 2012.
A. Allocation to Retail Individual Bidders (After Technical Rejections)
B. Allocation to Non-Institutional Bidders (After Technical Rejections)
C. Allocation to QIBs (excluding Anchor Investors)
D. Allocation to Anchor Investors
The IPO Committee of the Board of Directors of our Company at its meeting held on May
24, 2012, has taken on record the basis of allocation of equity shares approved by the
Designated Stock Exchange, being NSE and has authorized the corporate action for the
allotment of the equity shares to various successful applicants.
INVESTORS PLEASE NOTE
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant, Serial number of the bid-cum-application form, number of equity shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:
Link Intime India Private Limited
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SPECIALITY RESTAURANTS LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus. Speciality Restaurants Limited (the "Company") has filed the Prospectus with Registrar of Companies, West Bengal. The Prospectus is available on the website of SEBI at www.sebi.gov.in and on the website of Book Running Lead Manager at www.investmentbank.kotak.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see section titled 'Risk Factors' on page 13 of the Prospectus. This document is not an offer of securities in the Unites States or elsewhere. This document has been prepared for publication in India and is not for publication or distribution, directly or indirectly, in or into the United States, Australia, Canada or Japan. The equity shares of the Company are not being registered under the U. S. Securities Act of 1933, as amended (the "U. S. Securities Act"), and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U. S. Securities Act and applicable U. S. state securities laws.
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