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Speciality Restaurants IPO is a book built issue of Rs 176.09 crores.
Speciality Restaurants IPO bidding started from May 16, 2012 and ended on May 18, 2012. The shares got listed on BSE, NSE on May 30, 2012.
Speciality Restaurants IPO price band is set at ₹146 to ₹155 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ₹6,200.
Kotak Mahindra Capital Company Limited is the book running lead manager of the Speciality Restaurants IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Speciality Restaurants IPO RHP for detailed information.
| IPO Date | May 16, 2012 to May 18, 2012 |
| Listing Date | May 30, 2012 |
| Face Value | ₹10 per share |
| Price Band | ₹146 to ₹155 per share |
| Lot Size | 40 Shares |
| Total Issue Size | 11,739,415 shares (aggregating up to ₹176.09 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Speciality Restaurants IPO a total of 9,978,503 shares are offered. QIB: 4,108,795 (41.18%), RII: 4,108,796 (41.18%), NII: 1,760,912 (17.65%).
| Anchor Investor Shares Offered | - |
| QIB Shares Offered | 4,108,795 (41.18%) |
| NII (HNI) Shares Offered | 1,760,912 (17.65%) |
| Retail Shares Offered | 4,108,796 (41.18%) |
| Total Shares Offered | 9,978,503 (100%) |
Investors can bid for a minimum of 40 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹6,200 |
| Retail (Max) | 32 | 1280 | ₹198,400 |
| Lot Size Calculator | |||
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.
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.
[Dilip Davda]
Remarks: In context of ongoing situation in secondary/primary market and new listing norms coupled with low ebb of investor's confidence, this issue can be termed as High Risk-High Yield bet.
Read detail review...The Speciality Restaurants IPO is subscribed 2.54 times on May 18, 2012 5:00:00 PM. The public issue subscribed 0.55 times in the retail category, 4.68 times in the QIB category, and 2.19 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 4.68 |
| NII | 2.19 |
| Retail | 0.55 |
| Total | 2.54 |
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.
| Listing Date | May 30, 2012 |
| BSE Script Code | 534425 |
| NSE Symbol | SPECIALITY |
| ISIN | INE247M01014 |
| Final Issue Price | ₹150 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹150.00 |
| ₹153.00 |
| ₹152.90 |
| ₹160.65 |
| ₹160.65 |
| NSE |
|---|
| ₹150.00 |
| ₹152.00 |
| ₹152.00 |
| ₹159.60 |
| ₹159.60 |
Speciality Restaurants Ltd
Uniworth House,
3A, Gurusaday Road,
Kolkata 700 019
Phone: (91 33) 2283 7964
Email: investor@speciality.co.in
Website: http://www.speciality.co.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: speciality.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Speciality Restaurants IPO is a main-board IPO of 11,739,415 equity shares of the face value of ₹10 aggregating up to ₹176.09 Crores. The issue is priced at ₹146 to ₹155 per share. The minimum order quantity is 40 Shares.
The IPO opens on May 16, 2012, and closes on May 18, 2012.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Speciality Restaurants IPO opens on May 16, 2012 and closes on May 18, 2012.
Speciality Restaurants IPO lot size is 40 Shares, and the minimum amount required is ₹6,200.
You can apply in Speciality Restaurants IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Speciality Restaurants IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Speciality Restaurants IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
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