Bookbuilding IPO | ₹43 Cr | Listed at BSE, NSE | Tue, Apr 5, 2005 - Mon, Apr 11, 2005
Shringar Cinemas IPO is a book build issue of ₹43.20 crores. The issue is entirely a fresh issue of 0.82 crore shares of ₹43.20 crore.
Shringar Cinemas IPO bidding started from Apr 5, 2005 and ended on Apr 11, 2005. The shares got listed on NSE and BSE on Apr 29, 2005.
Shringar Cinemas IPO is set final issue price at ₹53 per share.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to for detailed Information.
IPO Open
Tue, Apr 5, 2005
IPO Close
Mon, Apr 11, 2005
Issue Price
₹53 per share
Market Cap (Pre-IPO)
₹167.30 Cr
| IPO Date | 5 to 11 Apr, 2005 |
| Listed on | Fri, Apr 29, 2005 |
| Face Value | ₹10 per share |
| Price Band | ₹47 to ₹53 |
| Issue Price | ₹53 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 81,50,000 shares (agg. up to ₹43 Cr) |
| Fresh Issue | 81,50,000 shares (agg. up to ₹43 Cr) |
| Share Holding Pre Issue | 2,34,16,333 shares |
| Share Holding Post Issue | 3,15,66,333 shares |
| BSE Script Code / NSE Symbol | 532631 / SHRINGAR |
| ISIN | INE886G01011 |
Shringar Cinemas IPO comprises a total issue size of 81,50,000 shares. The net offer to the public is 79,00,000 shares, after excluding 2,50,000 shares under a preferential allotment. Of the Net offer 39,50,000 (50.00%) are allocated to QIB, 19,75,000 (25.00%) allocated to NII 19,75,000 (25.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 39,50,000 | 50.00% | 48.47% |
| NII (HNI) Shares Offered | 19,75,000 | 25.00% | 24.23% |
| Retail Shares Offered | 19,75,000 | 25.00% | 24.23% |
| Preferential Reservations | |||
| Employee Shares Offered | 2,50,000 | 3.07% | |
| Total Shares Offered | 81,50,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
Incorporated in 1999, Shringar Cinemas Limited is an integrated film exhibition and distribution company operating a chain of multiplexes under the brand name 'Fame', offering a world-class movie viewing experience to consumers across India.
The company operates in two key business segments — film exhibition and film distribution. On the exhibition side, it operates multiplexes under the 'Fame' brand, with existing properties at Versova (Mumbai), Malad (Mumbai), and Nasik, and properties under implementation in Kandivali, Pimpri (Pune), Surat, Thane, Hyderabad, Aurangabad, and Kolkata. Its film distribution business is carried out through its wholly owned subsidiary, Shringar Films Private Limited (SFPL), one of the leading film distributors in Western India, with a legacy dating back to 1975.
The company follows a capital-efficient lease-based operating model, preferring long-term leases over property ownership. Revenue is generated through ticket sales, food and beverage (F&B) income, advertising, and ancillary income from retail space within its multiplexes. Its distribution business operates through minimum guarantee, commission, and outright sale models with producers, and various revenue-sharing arrangements with exhibitors.
Shringar Cinemas has a pan-India expansion strategy, with signed MOUs and LOIs for over 10 additional properties slated to open in FY 2007 and 2008, which are expected to add 49–54 screens. As of February 2005, the company had 55 full-time employees across its entities.
The company has distributed several landmark Hindi films including Lagaan, Raja Hindustani, Rangeela, Chalte Chalte, and Munnabhai MBBS, and has also pioneered national releases of niche films such as Hyderabad Blues, Bandit Queen, and Chachi 420. Its library includes perpetual rights and negatives of several classic films.
Key strengths of the company include strong brand recognition under the 'Fame' name, proven ability to identify high-potential locations, capital-efficient project execution, deep content selection expertise built over decades of distribution experience, a customer loyalty programme (Purple Privilege Club with over 7,000 members as of February 2005), and an integrated technology backbone through Vista (ERP for cinema operations) and BOSS (accounting system).
| Period Ended | 31 Dec 2004 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|
| Assets | 68.66 | 36.80 | 6.90 | 4.90 |
| Total Income | 6.19 | 5.11 | 4.54 | 3.03 |
| Profit After Tax | -2.83 | 1.15 | -0.35 | 0.04 |
| NET Worth | 21.72 | 23.82 | 4.19 | 4.54 |
| Reserves and Surplus | -1.70 | 19.43 | 4.09 | 4.44 |
| Total Borrowing | 34.61 | 12.11 | 0.07 | 0.01 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capex Requirement | |
| 2 | Interior Furnishings & Fixtures | 18.61 |
| 3 | Deposit and Consultancy Charges | 5.08 |
| 4 | Projection & Sound Equipments | 4.71 |
| 5 | Others (including IT Hardware & Software, Pre-Operative exp. And Contingencies | 5.30 |
| Total | 33.70 |
| KPI | Dec 31, 2004 | Mar 31, 2004 |
|---|---|---|
| RoNW | -13.03% | 4.84% |
| Price to Book Value | 5.71 | 0.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.49 | -ve |
| P/E (x) | 107.64 | -ve |
| Promoter Holding | 64.3% | 47.7% |
| Market Cap | ₹167.30 Cr. |
The Shringar Cinemas IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 2.14 | 81,50,000 | 1,74,36,320 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management, underwriting and selling commission fees | 1.40 |
| 2 | Registrars fee | 0.10 |
| 3 | Advertising and Marketing expenses | 0.50 |
| 4 | Printing and stationery | 1.25 |
| 5 | Others legal fee, listing fee, Auditors, Book Building fees, etc. | 0.25 |
| Total | 3.50 |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹53.00 | ₹53.00 |
| Open | ₹57.00 | ₹53.90 |
| Low | ₹44.10 | ₹44.70 |
| High | ₹57.00 | ₹70.00 |
| Last Trade | ₹44.95 | ₹45.15 |
Lead Manager Reports
Shringar Cinemas IPO is a main-board IPO of 81,50,000 equity shares of the face value of ₹10 aggregating up to ₹43 Crores. The issue is priced at ₹53 per share. The minimum order quantity is .
The IPO opens on Tue, Apr 5, 2005, and closes on Mon, Apr 11, 2005.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shringar Cinemas IPO using UPI as a payment gateway. Zerodha customers can apply in Shringar Cinemas IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shringar Cinemas IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shringar Cinemas IPO opens on Tue, Apr 5, 2005 and closes on Mon, Apr 11, 2005.
Shringar Cinemas IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Shringar Cinemas IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shringar Cinemas IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Shringar Cinemas IPO allotment status.
The Shringar Cinemas IPO listing date is on Fri, Apr 29, 2005.
