Bookbuilding IPO | ₹176 Cr | Listed at BSE, NSE | Wed, May 16, 2012 - Fri, May 18, 2012
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 per share. The lot size for an application is 40. The minimum amount of investment required by an retail is ₹6,200 (40 shares) (based on upper price). 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 Open
Wed, May 16, 2012
IPO Close
Fri, May 18, 2012
Issue Price
₹150 per share
Market Cap (Pre-IPO)
₹704.36 Cr
| IPO Date | 16 to 18 May, 2012 |
| Listed on | Wed, May 30, 2012 |
| Face Value | ₹10 per share |
| Price Band | ₹146 to ₹155 |
| Issue Price | ₹150 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,17,39,415 shares (agg. up to ₹176 Cr) |
| Fresh Issue | 1,17,39,415 shares (agg. up to ₹176 Cr) |
| Share Holding Pre Issue | 3,52,18,242 shares |
| Share Holding Post Issue | 4,69,57,657 shares |
| BSE Script Code / NSE Symbol | 534425 / SPECIALITY |
| ISIN | INE247M01014 |
Speciality Restaurants IPO comprises a total issue size of 1,17,39,415 shares. Out of which, 58,69,707 (50.00%) are allocated to QIB, 17,60,912 (15.00%) allocated to NII 41,08,796 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 40 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 80.92% | 60.69% |
| Market Cap | ₹704.36 Cr. |
The Speciality Restaurants IPO is subscribed 2.54 times on May 18, 2012 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 4.68 | 41,08,795 | |
| NII | 2.19 | 17,60,912 | |
| Retail | 0.55 | 41,08,796 | |
| Total | 2.54 | 99,78,503 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead merchant bankers (including, underwriting commission, brokerage and selling commission) | 6.12 |
| 2 | Registrars to the Issue | 0.03 |
| 3 | Advisors | 0.22 |
| 4 | Bankers to the Issue | |
| 5 | Printing and stationery | 1.54 |
| 6 | Listing fees | 0.03 |
| 7 | Advertising and marketing expenses | 5.67 |
| 8 | Others | 5.31 |
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.
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹150.00 | ₹150.00 |
| Open | ₹153.00 | ₹152.00 |
| Low | ₹152.90 | ₹152.00 |
| High | ₹160.65 | ₹159.60 |
| Last Trade | ₹160.65 | ₹159.60 |
Lead Manager Reports
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 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 40.
The IPO opens on Wed, May 16, 2012, and closes on Fri, 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 Wed, May 16, 2012 and closes on Fri, 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 Wed, May 30, 2012.
