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:
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.
