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SRS Limited IPO (SRS IPO) Detail

Aug 23, 2011 - Aug 26, 2011

Incorporated in 2000, SRS Limited is engaged in the business of Cinema Exhibition, Food & Beverages, Retail and Manufacturing & Retailing of Jewellery operations.

Company operates 23 SRS Value Bazaar retail stores, 15 food courts and 30 cinema screens in North India. The company also operates five jewellery retail and wholesale outlets and a jewellery manufacturing unit in Delhi.

SRS Cinemas is the cinema exhibition brand under which the Company operates a chain of cinemas spread across six cities. This includes 11 properties at strategic locations having 30 screens and 7,608 seats. The food courts are run under the SRS 7dayz and Punjabi Haandi brands and currently, the Company operates 15 food courts across North and Central India. The Company operates a chain of retail stores under the brand name of SRS Value Bazaar that offer FMCG products. SRS Fashion Wear is the other brand under which the Company retails multi-brand apparels. Company has 23 retail stores in North India. They also sell a wide range of gold and diamond jewellery under the brand name of SRS Jewells.

Company Promoters:

Following is the list of the Promoters of the Company:

1. Dr. Anil Jindal
2. Mr. Sunil Jindal
3. Mr. Bishan Bansal
4. Mr. Raju Bansal
5. BTL Industries Limited
6. BTL Portfolio Limited

Company Financials:

ParticularsFor the year/period ended (in Rs. Million)
31-Mar-1131-Mar-1031-Mar-0931-Mar-0831-Mar-07
Total Income20,775.3413,298.625,144.581,877.95595.55
Profit After Tax (PAT)373.88261.5755.91104.75101.11

Objects of the Issue:

The objects of this Public Issue are to raise funds for:

1. Setting up of cinemas;
2. Setting up of food courts and restaurants;
3. Setting up of retail stores;
4. Setting up of jewellery manufacturing facility and jewellery retail stores;
5. General Corporate Purposes; and
6. Issue related expenses.

SRS IPO Details

Issue OpenAug 23, 2011 - Aug 26, 2011
Issue TypeBook Built Issue IPO
Issue Size35,000,000 Eq Shares of Rs 10
(aggregating up to Rs 203.00 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 58 - Rs 65 Per Equity Share
Market Lot100 Shares
Min Order Quantity100 Shares
Listing AtBSE, NSE

SRS Limited IPO Grading

ICRA has assigned an IPO Grade 3 to SRS Limited IPO. This means as per ICRA, company has 'Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read SRS Ltd IPO Report

Check IPO Ratings from other stock analysts.

SRS IPO Subscription Status (Bidding Detail)

SRS IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

17,500,000

5,250,000

12,250,000

35,000,000

Aug 26, 2011 18:00

0.75x

5.11x

0.32x

1.25x

SRS IPO Prospectus

SRS IPO Rating

184
3.7
Rating:Rated 3.7 stars

Vote Here ...

SRS IPO Listing Date

  •   ›  Listing Date: Friday, September 16, 2011
  •   ›  BSE Script Code: 533569
  •   ›  NSE Symbol: SRSLTD
  •   ›  Listing In: B
  •   ›  ISIN: INE219H01039
  •   ›  Issue Price: Rs 58 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 58.00
Rs 55.00
Rs 31.80
Rs 61.40
Rs 33.65
33,244,319
NSE
Rs 58.00
Rs 68.00
Rs 31.50
Rs 68.00
Rs 33.25
56,691,927

SRS IPO Reviews / Ratings

Capital Market Review
Arun Kejriwal - Avoid.
SP Tulsian - Avoid.
MLR Securities - Avoid.

Company Contact Information

SRS Limited
SRS Multiplex,
City Centre, Sector-12
Faridabad, Haryana -121007, India

Phone: 91 129 428 2801 -808
Email: ipo@srsparivar.com
Website: http://www.srsparivar.com

SRS IPO Registrar

Beetal Financial & Computer Services (P) Limited
   Beetal House, 3rd Floor,
   99, Madangir, Behind Local Shopping Centre,
   New Delhi - 110062

Phone: +91 11 29961281
Email: srs_ipo@beetalfinancial.com
Website: http://www.beetalfinancial.com

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SRS IPO Review / Comments

avatar
86. gundu anna  Sep 16, 2011 21:20 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
89. Sreedhar.

My only point is we should avoid telling this will go to that price and that will come to this price. In third class issues no body can predict what will happen. Not to make just a joke... regarding ONGC, I am happy that Govt differed it. All speculators trapped....
avatar
85. Sreedhar  Sep 16, 2011 20:54 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts)
gundu anna,
I did not apply for SRS OK.The fact that the idiot management inspite of filling up the issue with friends & family could not give a exit price is a pity for those faithfuls.Based on assumption he will give a exit price to the faithfuls I thought they will take to 65.Poor fellows the investors got a good whammy.I neither applied for it nor encouraged to apply.
It is great achievement for me that people who had heeded to my call & not shorted ONGC saved a princely 20 K.So do not become a clown by laughing upon yourself.
avatar
84. CHD  Sep 16, 2011 19:10 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
WHAT A VIBRANT DEMOCRACY WE HAVE !

MINISTERS' WEALTH DOUBLING / TRIPLING EVERY YEAR ( ONLY THE DISCLOSED PORTION-ONLY TIP OF THE ICE-BERG).

A GROWING ECONOMY INDEED.
avatar
83. SkDash  Sep 16, 2011 15:39 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts)
Bhups

Is it virtual buying or actual ? Is yr SL is 0 ?
avatar
82. BHUPS  Sep 16, 2011 15:15 I Like It. | Report Abuse
look SRS going to shoot up like rocket buy buy buy
avatar
81. BHUPS  Sep 16, 2011 14:54 I Like It. | Report Abuse
Bought 1000 @ 48 another 1000 @ 38 and another 2000 @ 34 my average is 38.5 looking to buy another 4000 if come down to 28 with a 2-3 days target of Rs. 45-50 range
avatar
80. SkDash  Sep 16, 2011 13:32 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts)
KKN Sir-welcome. I think it will be test match now.

Anyway, when we will leave for shopping ?
avatar
79. KK Natarajan  Sep 16, 2011 13:04 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts)
Done and dusted. Sitting in the audience near SkDash's seat.
avatar
78. SkDash  Sep 16, 2011 11:45 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts)
any news on RBI credit policy ? Is it pause/ 0.25/ 0.50 ?
avatar
77. Sreedhar  Sep 16, 2011 11:35 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts)
Jubilant good one :p
avatar
76. JUBILANT  Sep 16, 2011 10:58 I Like It. | Report Abuse
deep fry still, no respite ,jaipur and Ahamadabad is taking knockout on noida people for holding their grip
avatar
75. Allan Stanley  Sep 16, 2011 10:39 I Like It. | Report Abuse
wad the hell! lost RS 5000 bot @48 sold @43
avatar
74. SkDash  Sep 16, 2011 10:31 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts)
position closed. now only audience and cheering to players like KKN, Ravi, Sreedhar and Others
avatar
73. KK Natarajan  Sep 16, 2011 09:51 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts)
Shorted at 53.55. Covered 50% at 46.05, 25 % at 42 and for the remaining 25% put a target of 35. Watching closely as the recent listings have trapped traders on both sides.
avatar
72. MOGLI  Sep 16, 2011 09:47 I Like It. | Report Abuse
SELL SELL ----- immediate
TARGET 30
avatar
71. SkDash  Sep 16, 2011 09:37 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts)
I think 40% down at the end of the day. but punters may trap us and will try to swing to cut both longer as well shorters. So i am in with strict SL
avatar
70. BHUPS  Sep 16, 2011 09:22 I Like It. | Report Abuse
Definately a buy at current rate of Rs. 48
avatar
69. BHUPS  Sep 16, 2011 09:21 I Like It. | Report Abuse
FII will surly be in buying mood at Rs. 50 or low so buy at Rs. 50
avatar
68. BHUPS  Sep 16, 2011 09:19 I Like It. | Report Abuse
it can give ample profit to day trader short any above 70 with stop loss of Rs. +5 similarly buy at any price below 55 with stop loss of -5
avatar
67. JUBILANT  Sep 16, 2011 09:11 I Like It. | Report Abuse
DEAR SK dassji,
your prediction & target in brooks was worked outstanding.



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