Speciality Restaurants IPO
Speciality Restaurants IPO — date, price band, lot size & details 2012
Speciality Restaurants listed on 30 May 2012 at ₹152, 1.3% above the ₹150 issue price.
Speciality Restaurants runs fine dining restaurants and confectioneries under brands such as Mainland China, Oh! Calcutta and Sigree. Its total income was Rs 175.06 crore in FY2011.
Stock price
Speciality Restaurants is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 15 November.
- Open 16 May 2012
- Close 18 May 2012
- Allotment 24 May 2012
- Refund/credit TBA
- Listing 30 May 2012
Issue summary
The terms of the offer, as filed.
| IPO Dates | 16 to 18 May, 2012 |
|---|---|
| Price Band | ₹146 – ₹155 |
| Face Value | ₹10 |
| Lot Size | 40 Shares |
| Issue Size | ₹176.09 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 40 shares at the ₹150 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 40 | ₹6,000 |
| Retail (max) | 33 | 1,320 | ₹1,98,000 |
| S-HNI (min) | 34 | 1,360 | ₹2,04,000 |
| S-HNI (max) | 166 | 6,640 | ₹9,96,000 |
| B-HNI (min) | 167 | 6,680 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 116.62 crore in FY2009 to Rs 175.06 crore in FY2011.
- 02Profit after tax rose from Rs 7.50 crore in FY2009 to Rs 16.02 crore in FY2011.
- 03It ran 62 restaurants under well known brands such as Mainland China.
- 04Rs 131.60 crore of the issue was for opening new restaurants.
Risks · 5
- 01Restaurants face rising rents and food costs; profit was Rs 16.02 crore on income of Rs 175.06 crore in FY2011.
- 02Opening many new restaurants with Rs 131.60 crore carries execution risk, as new outlets take time to break even.
- 03Dining out is discretionary spending that falls in a slowdown; total income was Rs 152.11 crore in nine months to December 2011.
- 04Total borrowing rose from Rs 19.76 crore in FY2011 to Rs 31.58 crore on 31 December 2011.
- 05Promoter holding fell from 80.92% before the issue to 60.69% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Speciality Restaurants offer document.
| Metric | 31 Dec 2011 | 31 Mar 2011 | 31 Mar 2010 | 31 Mar 2009 |
|---|---|---|---|---|
| Assets | 177.11 | 147.32 | 114.15 | 98.66 |
| Total Income | 152.11 | 175.06 | 129.76 | 116.62 |
| Profit After Tax | 15.02 | 16.02 | 9.66 | 7.50 |
| NET Worth | 112.64 | 97.30 | 70.67 | 55.48 |
| Reserves and Surplus | 77.42 | 62.36 | 64.96 | 53.78 |
| Total Borrowing | 31.58 | 19.76 | 23.68 | 24.18 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Speciality Restaurants RHP.
Where the money goes
₹157.17 Cr of the issue is earmarked to named objects.
Speciality Restaurants IPO Anchor Investors
5 anchor investors across 5 fund houses committed ₹26.40 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Morgan Stanley Mutual Fund A/C Morgan Stanley Growth Fund | Morgan Stanley | 352,182 | 5.28 | 20.00% |
| International Opportunities Funds- India Equity | - | 352,183 | 5.28 | 20.00% |
| SBI Magnum Global Fund | SBI Mutual Fund | 352,182 | 5.28 | 20.00% |
| Reliance Capital Trustee Co. Ltd. - Reliance Equity Opportunities Fund | Nippon India Mutual Fund | 352,182 | 5.28 | 20.00% |
| HSBC India Alpha (Mauritius) Ltd. | HSBC | 352,183 | 5.28 | 20.00% |
| Total anchor allocation | 26.40 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It focuses on affordable fine dining with quality food and service in a modern setting.
Its brands include Mainland China, Oh! Calcutta, Sigree, Haka, Machaan, Mostly Kababs, Just Biryani and Sweet Bengal, and it ran 62 restaurants and 11 confectioneries as of 31 December 2010.
The IPO was Rs 176.09 crore and was entirely fresh issue at Rs 150, within the Rs 146 to Rs 155 band. Most of the money was for new restaurants, with the rest for a food plaza and repaying loans.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Speciality Restaurants IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Speciality Restaurants?
The current Grey Market Premium is ₹0.
What is the Speciality Restaurants IPO price band?
₹146 to ₹155, on a face value of ₹10.
When is the allotment?
The basis of allotment is 24 May 2012, with listing on 30 May 2012.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
