The price band of SRS’s IPO (Initial Public offering) has been fixed at Rs. 58-65 a share.
The SRS stands to raise between Rs. 203 Crore and Rs. 227 crore from the this issue, if fully subscribed.
The company proposes to issue up to 3.50 Crore shares of face value Rs. 10 each. The issue opens on August 23, 2011 and closes on August 26, 2011. Bids can be made for a minimum of 100 equity shares and in multiples of 100 shares thereafter.
The issue will constitute 25.13% of the post-issue paid up share capital of the company.
SRS plans to utilise the IPO proceeds for setting up Cinemas, Retail stores, Food courts and restaurants.
They also plan to set up a Jewellery manufacturing facility and Jewellery retail stores.
The issue has been assigned the “ICRA IPO Grade 3” by ICRA.
Karvy Investor services, IDBI capital and SPA Merchant Bankers are the Book Running Lead Managers. BEETAL Financial and Computer Services are the registrars to the issue.
The company reported a rise of more than 56% in its total income for FY11 to Rs. 2,077.71 crore as compared to previous financial year. Net profit in the same period jumped 43.4% to .37.51 crore.
The SRS stands to raise between Rs. 203 Crore and Rs. 227 crore from the this issue, if fully subscribed.
The company proposes to issue up to 3.50 Crore shares of face value Rs. 10 each. The issue opens on August 23, 2011 and closes on August 26, 2011. Bids can be made for a minimum of 100 equity shares and in multiples of 100 shares thereafter.
The issue will constitute 25.13% of the post-issue paid up share capital of the company.
SRS plans to utilise the IPO proceeds for setting up Cinemas, Retail stores, Food courts and restaurants.
They also plan to set up a Jewellery manufacturing facility and Jewellery retail stores.
The issue has been assigned the “ICRA IPO Grade 3” by ICRA.
Karvy Investor services, IDBI capital and SPA Merchant Bankers are the Book Running Lead Managers. BEETAL Financial and Computer Services are the registrars to the issue.
The company reported a rise of more than 56% in its total income for FY11 to Rs. 2,077.71 crore as compared to previous financial year. Net profit in the same period jumped 43.4% to .37.51 crore.
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