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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 ₹58.00 per share . The lot size for an application is 100. The minimum amount of investment required by an retail is ₹5,800 (100 shares). 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.
| IPO Date | August 23, 2011 to August 26, 2011 |
| Listing Date | September 16, 2011 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹58 to ₹65 per share |
| Issue Price Final | ₹58 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 3,50,00,004 shares (aggregating up to ₹203.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 10,42,91,009 shares |
| Share Holding Post Issue | 13,92,91,009 shares |
SRS IPO offers total 3,50,00,000 shares. Out of which 1,75,00,000 (50.00%) allocated to QIB, 52,50,000 (15.00%) allocated to NII, 1,22,50,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum 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%) |
SRS IPO opens on August 23, 2011, and closes on August 26, 2011.
| IPO Open Date | Tue, Aug 23, 2011 |
| IPO Close Date | Fri, Aug 26, 2011 |
| Tentative Listing Date | Fri, Sep 16, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 26, 2011 |
Investors can bid for a minimum of 100 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 | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (in Rs. Million) | ||||
| 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | |
| Total Income | 20,775.34 | 13,298.62 | 5,144.58 | 1,877.95 | 595.55 |
| Profit After Tax (PAT) | 373.88 | 261.57 | 55.91 | 104.75 | 101.11 |
The Company SRS 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 | Setting up of cinemas | 1,011.76 |
| 2 | Setting up of food courts and restaurants | 399.51 |
| 3 | Setting up of retail stores | 536.88 |
| 4 | Setting up of jewellery manufacturing facility and jewellery retail stores | 167.04 |
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
| Listing Date | September 16, 2011 |
| BSE Script Code | 533569 |
| NSE Symbol | SRSLTD |
| ISIN | INE219H01039 |
| Final Issue Price | ₹58 per share |
| BSE Listing Group | B |
SRS Ltd.
SRS Multiplex,
City Centre,
Sector-12
Faridabad, Haryana, 121007
Phone: 91 129 428 2801 -808
Email: ipo@srsparivar.com
Website: http://www.srsparivar.com
Beetal Financial & Computer Services Pvt.Ltd.
Phone: +91 11 29961281
Email: srs_ipo@beetalfinancial.com
Website: http://www.beetalmail.com/smeipo
SRS IPO is a main-board IPO of 3,50,00,004 equity shares of the face value of ₹10 aggregating up to ₹203.00 Crores. The issue is priced at ₹58 per share. The minimum order quantity is 100.
The IPO opens on August 23, 2011, and closes on August 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 August 23, 2011 and closes on August 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 Friday, September 16, 2011.
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