Bookbuilding IPO | ₹203 Cr | Listed at BSE, NSE | Tue, Aug 23, 2011 - Fri, Aug 26, 2011
SRS IPO is a book build issue of ₹203.00 crores. The issue is entirely a fresh issue of 3.50 crore shares of ₹203.00 crore.
SRS IPO bidding started from Aug 23, 2011 and ended on Aug 26, 2011. The shares got listed on BSE, NSE on Sep 16, 2011.
SRS IPO price band is set at ₹58 per share. The lot size for an application is 100. The minimum amount of investment required by an retail is ₹6,500 (100 shares) (based on upper price). The lot size investment for sNII is 35 lots (3,500 shares), amounting to ₹2,03,000, and for bNII, it is 173 lots (17,300 shares), amounting to ₹10,03,400.
IDBI Capital Markets Services Ltd. is the book running lead manager and Beetal Financial & Computer Services Pvt.Ltd. is the registrar of the issue.
Refer to SRS IPO RHP for detailed Information.
IPO Open
Tue, Aug 23, 2011
IPO Close
Fri, Aug 26, 2011
Issue Price
₹58 per share
Market Cap (Pre-IPO)
₹807.89 Cr
| IPO Date | 23 to 26 Aug, 2011 |
| Listed on | Fri, Sep 16, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹58 to ₹65 |
| Issue Price | ₹58 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,50,00,004 shares (agg. up to ₹203 Cr) |
| Fresh Issue | 3,50,00,004 shares (agg. up to ₹203 Cr) |
| Share Holding Pre Issue | 10,42,91,009 shares |
| Share Holding Post Issue | 13,92,91,009 shares |
| BSE Script Code / NSE Symbol | 533569 / SRSLTD |
| ISIN | INE219H01039 |
SRS IPO comprises a total issue size of 3,50,00,000 shares. Out of which, 1,75,00,000 (50.00%) are allocated to QIB, 52,50,000 (15.00%) allocated to NII 1,22,50,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 1,75,00,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 52,50,000 | 15.00% | NA |
| Retail Shares Offered | 1,22,50,000 | 35.00% | 1,22,500 |
| Total Shares Offered | 3,50,00,000 | 100.00% |
Investors can bid for a minimum of 100 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹5,800 |
| Retail (Max) | 34 | 3,400 | ₹1,97,200 |
| S-HNI (Min) | 35 | 3,500 | ₹2,03,000 |
| S-HNI (Max) | 172 | 17,200 | ₹9,97,600 |
| B-HNI (Min) | 173 | 17,300 | ₹10,03,400 |
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.
| 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 | Setting up of cinemas | 101.18 |
| 2 | Setting up of food courts and restaurants | 39.95 |
| 3 | Setting up of retail stores | 53.69 |
| 4 | Setting up of jewellery manufacturing facility and jewellery retail stores | 16.70 |
| Total | 211.52 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 98.89% | 74.04% |
| Market Cap | ₹807.89 Cr. |
The SRS IPO is subscribed 1.25 times on August 26, 2011 6:00:00 PM (Day 4). The public issue subscribed 0.32 times in the retail category, 0.75 times in the QIB category, and 5.11 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.75 | 1,75,00,000 | |
| NII | 5.11 | 52,50,000 | |
| Retail | 0.32 | 1,22,50,000 | |
| Total | 1.25 | 3,50,00,000 |
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
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management Fees, Underwriting & Selling Commission | 5.95 |
| 2 | Advertisement & Marketing Expenses | 3.46 |
| 3 | Printing Stationery & Distribution Expenses | 1.61 |
| 4 | Registrars Fee | 0.07 |
| 5 | Others including Legal Advisors Fee, Auditors Fee, IPO Grading fees, Regulatory Fees including filing fees paid to SEBI and Stock Exchanges etc. | 2.48 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹58.00 | ₹58.00 |
| Open | ₹55.00 | ₹68.00 |
| Low | ₹31.80 | ₹31.50 |
| High | ₹61.40 | ₹68.00 |
| Last Trade | ₹33.65 | ₹33.25 |
Beetal Financial & Computer Services Pvt.Ltd.
SRS IPO is a main-board IPO of 3,50,00,004 equity shares of the face value of ₹10 aggregating up to ₹203 Crores. The issue is priced at ₹58 per share. The minimum order quantity is 100.
The IPO opens on Tue, Aug 23, 2011, and closes on Fri, Aug 26, 2011.
Beetal Financial & Computer Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in SRS IPO using UPI as a payment gateway. Zerodha customers can apply in SRS IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SRS IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SRS IPO opens on Tue, Aug 23, 2011 and closes on Fri, Aug 26, 2011.
SRS IPO lot size is 100, and the minimum amount required for application is ₹5,800.
You can apply in SRS 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 SRS IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the SRS IPO allotment status.
The SRS IPO listing date is on Fri, Sep 16, 2011.
