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Speciality Restaurants IPO is a book build issue of ₹176.09 crores. The issue is entirely a fresh issue of 1.17 crore shares of ₹176.09 crore.
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 ₹150.00 per share . The lot size for an application is 40. The minimum amount of investment required by an retail is ₹5,840 (40 shares). The lot size investment for sNII is 34 lots (1,360 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (6,680 shares), amounting to ₹10,02,000.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of 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 |
| Issue Price Band | ₹146 to ₹155 per share |
| Issue Price Final | ₹150 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,17,39,415 shares (aggregating up to ₹176.09 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,52,18,242 shares |
| Share Holding Post Issue | 4,69,57,657 shares |
Speciality Restaurants IPO offers total 1,17,39,415 shares. Out of which 58,69,707 (50.00%) allocated to QIB, 41,08,795 (35.00%) allocated to QIB, 17,60,912 (15.00%) allocated to NII, 41,08,796 (35.00%) allocated to RII and 17,60,912 (15.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 58,69,707 (50.00%) | NA |
| − Anchor Investor Shares Offered | 17,60,912 (15.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 41,08,795 (35.00%) | NA |
| NII (HNI) Shares Offered | 17,60,912 (15.00%) | NA |
| Retail Shares Offered | 41,08,796 (35.00%) | 1,02,719 |
| Total Shares Offered | 1,17,39,415 (100.00%) |
Speciality Restaurants IPO opens on May 16, 2012, and closes on May 18, 2012.
| IPO Open Date | Wed, May 16, 2012 |
| IPO Close Date | Fri, May 18, 2012 |
| Tentative Listing Date | Wed, May 30, 2012 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 18, 2012 |
Investors can bid for a minimum of 40 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹6,000 |
| Retail (Max) | 33 | 1,320 | ₹1,98,000 |
| S-HNI (Min) | 34 | 1,360 | ₹2,04,000 |
| S-HNI (Max) | 166 | 6,640 | ₹9,96,000 |
| B-HNI (Min) | 167 | 6,680 | ₹10,02,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Speciality Restaurants IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Development of New Restaurants | 131.60 |
| 2 | Development of a food plaza | 15.10 |
| 3 | Repayment of term loan facilities | 9.42 |
| 4 | General corporate purposes | 1.05 |
[Dilip Davda] <p><strong>Remarks:</strong> 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 <strong>High Risk-High Yield bet</strong>.</p> Read detail review...
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 |
| BSE Listing Group | T |
Speciality Restaurants Ltd.
Uniworth House,
3A, Gurusaday Road,
Kolkata 700 019
Kolkata, West Bengal
Phone: (91 33) 2283 7964
Email: investor@speciality.co.in
Website: http://www.speciality.co.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: speciality.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Speciality Restaurants IPO is a main-board IPO of 1,17,39,415 equity shares of the face value of ₹10 aggregating up to ₹176.09 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 40.
The IPO opens on May 16, 2012, and closes on May 18, 2012.
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 Speciality Restaurants IPO using UPI as a payment gateway. Zerodha customers can apply in Speciality Restaurants IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Speciality Restaurants IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Speciality Restaurants IPO opens on May 16, 2012 and closes on May 18, 2012.
Speciality Restaurants IPO lot size is 40, and the minimum amount required for application is ₹6,000.
You can apply in Speciality Restaurants 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 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.
The Speciality Restaurants IPO listing date is on Wednesday, May 30, 2012.
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