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SRS Limited IPO (SRS IPO) Detail

August 23, 2011 - August 26, 2011

SRS IPO is a book built issue of Rs 203.00 crores.

SRS IPO bidding started from August 23, 2011 and ended on August 26, 2011. The shares got listed on BSE, NSE on September 16, 2011.

SRS IPO price band is set at ₹58 to ₹65 per share. The minimum lot size for an application is 100 Shares. The minimum amount of investment required by retail investors is ₹6,500.

Idbi Capital Market Services Limited, Karvy Investor Services Limited and Spa Capital Advisors Ltd are the book running lead managers of the SRS IPO, while Beetal Financial & Computer Services (P) Limited is the registrar for the issue.

Refer to SRS IPO RHP for detailed information.

SRS IPO Details

IPO Date August 23, 2011 to August 26, 2011
Listing Date September 16, 2011
Face Value ₹10 per share
Price Band ₹58 to ₹65 per share
Lot Size 100 Shares
Total Issue Size35,000,000 shares
(aggregating up to ₹203.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue104,291,009
Share holding post issue139,291,009

SRS IPO Reservation

SRS IPO offers 35,000,000 shares. 17,500,000 (50.00%) to QIB, 5,250,000 (15.00%) to NII, 12,250,000 (35.00%) to RII. 122,500 RIIs will receive minimum 100 shares and (sNII) and (bNII) will receive minimum 3,100 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered17,500,000 (50.00%)NA
NII (HNI) Shares Offered5,250,000 (15.00%)
Retail Shares Offered12,250,000 (35.00%)122,500
Total Shares Offered35,000,000 (100%)

SRS IPO Lot Size

Investors can bid for a minimum of 100 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 100 ₹6,500
Retail (Max) 30 3000 ₹195,000
Lot Size Calculator

SRS IPO Promoter Holding

Following is the list of the Promoters of the Company:

1. Dr. Anil Jindal
2. Mr. Sunil Jindal
3. Mr. Bishan Bansal
4. Mr. Raju Bansal
5. BTL Industries Limited
6. BTL Portfolio Limited

Share Holding Pre Issue 98.89%
Share Holding Post Issue 74.04%

About SRS Limited

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.

Company Financials

ParticularsFor the year/period ended (in Rs. Million)
31-Mar-1131-Mar-1031-Mar-0931-Mar-0831-Mar-07
Total Income20,775.3413,298.625,144.581,877.95595.55
Profit After Tax (PAT)373.88261.5755.91104.75101.11

Key Performance Indicator

KPI Values
ROCE13.6%
RoNW11.9%

Objects of the Issue (SRS IPO Objectives)

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.


SRS IPO Subscription Status (Bidding Detail)

The SRS IPO is subscribed 1.25 times on August 26, 2011 6:00:00 PM. 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)

CategorySubscription (times)
QIB0.75
NII5.11
Retail0.32
Total1.25

SRS Limited IPO Grading

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

SRS IPO Prospectus

SRS IPO Rating

184
3.7
Rating:Rated 3.7 stars
Vote Here ...

SRS IPO Listing Details

Listing Date September 16, 2011
BSE Script Code 533569
NSE Symbol SRSLTD
ISIN INE219H01039
Final Issue Price ₹58 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹58.00
₹55.00
₹31.80
₹61.40
₹33.65
NSE
₹58.00
₹68.00
₹31.50
₹68.00
₹33.25

Check IPO Performance…

SRS Limited Contact Details

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

SRS IPO Registrar

Beetal Financial & Computer Services (P) Limited

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

SRS IPO FAQs

SRS IPO is a main-board IPO of 35,000,000 equity shares of the face value of ₹10 aggregating up to ₹203.00 Crores. The issue is priced at ₹58 to ₹65 per share. The minimum order quantity is 100 Shares.

The IPO opens on August 23, 2011, and closes on August 26, 2011.

Beetal Financial & Computer Services (P) Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The SRS IPO opens on August 23, 2011 and closes on August 26, 2011.

SRS IPO lot size is 100 Shares, and the minimum amount required is ₹6,500.

You can apply in SRS IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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 September 16, 2011.
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SRS IPO Message Board

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86 Comments

86. gundu anna |   Link |  Bookmark |September 16, 2011 10:20:26 PM (500+ Posts, 100+ Likes)
89. Sreedhar.

My only point is we should avoid telling this will go to that price and that will come to this price. In third class issues no body can predict what will happen. Not to make just a joke... regarding ONGC, I am happy that Govt differed it. All speculators trapped....
85. Sreedhar |   Link |  Bookmark |September 16, 2011 9:54:47 PM (900+ Posts)
gundu anna,
I did not apply for SRS OK.The fact that the idiot management inspite of filling up the issue with friends & family could not give a exit price is a pity for those faithfuls.Based on assumption he will give a exit price to the faithfuls I thought they will take to 65.Poor fellows the investors got a good whammy.I neither applied for it nor encouraged to apply.
It is great achievement for me that people who had heeded to my call & not shorted ONGC saved a princely 20 K.So do not become a clown by laughing upon yourself.
84. CHD |   Link |  Bookmark |September 16, 2011 8:10:26 PM (1100+ Posts, 500+ Likes)
WHAT A VIBRANT DEMOCRACY WE HAVE !

MINISTERS' WEALTH DOUBLING / TRIPLING EVERY YEAR ( ONLY THE DISCLOSED PORTION-ONLY TIP OF THE ICE-BERG).

A GROWING ECONOMY INDEED.
83. SkDash |   Link |  Bookmark |September 16, 2011 4:39:12 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
Bhups

Is it virtual buying or actual ? Is yr SL is 0 ?
82. BHUPS |   Link |  Bookmark |September 16, 2011 4:15:27 PM
look SRS going to shoot up like rocket buy buy buy
81. BHUPS |   Link |  Bookmark |September 16, 2011 3:54:02 PM
Bought 1000 @ 48 another 1000 @ 38 and another 2000 @ 34 my average is 38.5 looking to buy another 4000 if come down to 28 with a 2-3 days target of Rs. 45-50 range
80. SkDash |   Link |  Bookmark |September 16, 2011 2:32:26 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
KKN Sir-welcome. I think it will be test match now.

Anyway, when we will leave for shopping ?
79. KK Natarajan |   Link |  Bookmark |September 16, 2011 2:04:26 PM (500+ Posts)
Done and dusted. Sitting in the audience near SkDash's seat.
78. SkDash |   Link |  Bookmark |September 16, 2011 12:45:19 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
any news on RBI credit policy ? Is it pause/ 0.25/ 0.50 ?
77. Sreedhar |   Link |  Bookmark |September 16, 2011 12:35:52 PM (900+ Posts)
Jubilant good one :p
76. JUBILANT |   Link |  Bookmark |September 16, 2011 11:58:18 AM
deep fry still, no respite ,jaipur and Ahamadabad is taking knockout on noida people for holding their grip
75. Allan Stanley |   Link |  Bookmark |September 16, 2011 11:39:33 AM
wad the hell! lost RS 5000 bot @48 sold @43
74. SkDash |   Link |  Bookmark |September 16, 2011 11:31:57 AM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
position closed. now only audience and cheering to players like KKN, Ravi, Sreedhar and Others
73. KK Natarajan |   Link |  Bookmark |September 16, 2011 10:51:11 AM (500+ Posts)
Shorted at 53.55. Covered 50% at 46.05, 25 % at 42 and for the remaining 25% put a target of 35. Watching closely as the recent listings have trapped traders on both sides.
72. MOGLI |   Link |  Bookmark |September 16, 2011 10:47:19 AM
SELL SELL ----- immediate
TARGET 30
71. SkDash |   Link |  Bookmark |September 16, 2011 10:37:34 AM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
I think 40% down at the end of the day. but punters may trap us and will try to swing to cut both longer as well shorters. So i am in with strict SL
70. BHUPS |   Link |  Bookmark |September 16, 2011 10:22:22 AM
Definately a buy at current rate of Rs. 48
69. BHUPS |   Link |  Bookmark |September 16, 2011 10:21:37 AM
FII will surly be in buying mood at Rs. 50 or low so buy at Rs. 50
68. BHUPS |   Link |  Bookmark |September 16, 2011 10:19:11 AM
it can give ample profit to day trader short any above 70 with stop loss of Rs. +5 similarly buy at any price below 55 with stop loss of -5
67. JUBILANT |   Link |  Bookmark |September 16, 2011 10:11:59 AM
DEAR SK dassji,
your prediction & target in brooks was worked outstanding.