SRS Limited IPO

SRS Limited IPO.

Incorporated in 2000, SRS Limited is engaged in the business of Cinema Exhibition, Food & Beverages, Retail and Manufacturing & Retailing of Jewellery operations.

This IPO proceeds will be used for setting up of cinemas, setting up of food courts and restaurants, setting up of retail stores, setting up of jewellery manufacturing facility and jewellery retail stores, general corporate purposes and issue related expenses.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Objects of the Issue:

The objects of this Public Issue are to raise funds for:

1. Setting up of cinemas;
2. Setting up of food courts and restaurants;
3. Setting up of retail stores;
4. Setting up of jewellery manufacturing facility and jewellery retail stores;
5. General Corporate Purposes; and
6. Issue related expenses.

BRLM: Karvy/ IDBI Capital/ SPA Sec

Syndicate: ENAM/ SMC Sec/ HEM Sec

Issue Period: August, 23– August, 26 2011

Price Band: Will be announced two working days prior to the issue opens

Lot Size: Will be announced two working days prior to the issue opens

Registrar: Beetal Financial & Computer Services Private Limited.

 Retail Appl Size: Rs.2,00,000/-

Issue Size: 3,50,00,000 Equity Shares aggregating to a sum of Rs. 203.00 - 227.50 Crore(Face Value Rs.10 each).

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.

QIB Book: 1,75,00,000 equity shares (50% of Net issue size)

Retail Book: 1,22,50,000 equity shares (35% of Net issue size)

HNI Book: 52,50,000 equity shares (15% of Net issue size)

Registered Office :
    SRS Multiplex,
    City Centre, Sector-12
    Faridabad, Haryana -121007, India
Phone: 91 129 428 2801 -808
Fax: 91 129 428 2809 - 10
Email: ipo@srsparivar.com
Website: http://www.srsparivar.com/ 

Registrar:

Beetal Financial & Computer Services (P) Limited   »  Report
   Beetal House, 3rd Floor,
   99, Madangir, Behind Local Shopping Centre,
   New Delhi – 110062

Phone: +91 11 29961281
Fax: +91 11 29961284
Email: srs_ipo@beetalfinancial.com
Website: http://www.beetalfinancial.com/ 

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.