SRS IPO
SRS IPO — date, price band, lot size & details 2011
SRS listed on 16 Sep 2011 at ₹68, 17.2% above the ₹58 issue price.
SRS runs cinemas, food courts, value retail stores and jewellery manufacturing and retail, mainly in North India. Its total income was Rs 2,077.53 crore in FY2011.
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 12 November.
- Open 23 Aug 2011
- Close 26 Aug 2011
- Allotment 13 Sep 2011
- Refund/credit TBA
- Listing 16 Sep 2011
Issue summary
The terms of the offer, as filed.
| IPO Dates | 23 to 26 Aug, 2011 |
|---|---|
| Price Band | ₹58 – ₹65 |
| Face Value | ₹10 |
| Lot Size | 100 Shares |
| Issue Size | ₹203 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Beetal Financial & Computer Services Pvt.Ltd. |
| Min Investment | ₹ 5,800 |
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 100 shares at the ₹58 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹5,800 |
| Retail (max) | 34 | 3,400 | ₹1,97,200 |
| S-HNI (min) | 35 | 3,500 | ₹2,03,000 |
| S-HNI (max) | 172 | 17,200 | ₹9,97,600 |
| B-HNI (min) | 173 | 17,300 | ₹10,03,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 514.46 crore in FY2009 to Rs 2,077.53 crore in FY2011.
- 02Profit after tax rose from Rs 5.59 crore in FY2009 to Rs 37.39 crore in FY2011.
- 03It ran 23 retail stores, 15 food courts and 30 cinema screens.
- 04Net worth rose from Rs 214.27 crore in FY2009 to Rs 313.05 crore in FY2011.
Risks · 5
- 01Profit after tax was Rs 37.39 crore on income of Rs 2,077.53 crore in FY2011, so margins are very thin.
- 02Total borrowing rose from Rs 154.30 crore in FY2009 to Rs 273.77 crore in FY2011.
- 03It runs four different businesses at once, with Rs 101.18 crore planned for cinemas alone.
- 04Its cinemas, food courts and stores all depend on footfall in North India; total assets were Rs 660.11 crore.
- 05The issue was priced at Rs 58, the bottom of its price band, and promoters held 74.04% after it.
Three years of numbers
All figures in ₹ crore, as reported in the SRS offer document.
| Metric | 31 Mar 2011 | 31 Mar 2010 | 31 Mar 2009 |
|---|---|---|---|
| Assets | 660.11 | 482.70 | 404.99 |
| Total Income | 2,077.53 | 1,329.86 | 514.46 |
| Profit After Tax | 37.39 | 26.16 | 5.59 |
| NET Worth | 313.05 | 276.74 | 214.27 |
| Reserves and Surplus | 314.32 | 276.93 | 214.27 |
| Total Borrowing | 273.77 | 162.29 | 154.30 |
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 SRS RHP.
Where the money goes
₹211.52 Cr of the issue is earmarked to named objects.
About the company
It operated 23 SRS Value Bazaar retail stores, 15 food courts and 30 cinema screens in North India.
It also ran five jewellery retail and wholesale outlets and a jewellery manufacturing unit in Delhi.
The IPO was Rs 203 crore and was entirely fresh issue at Rs 58, the bottom of the Rs 58 to Rs 65 band. The money was for new cinemas, food courts, retail stores and jewellery facilities.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
011-42959000/42959009
The bankers & the filings
Who is running the book, and the documents this page is built from.
SRS 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.
IDBI Capital Markets & Securities Ltd.
42 issues handledBest listing: Route Mobile (+104.9%). Weakest: Bharat Dynamics (-13.6%).
SPA Capital Advisors Ltd
4 issues handledBest listing: Infinite Computer Solutions India (+3.0%). Weakest: Cantabil Retail India (-15.0%).
Karvy Investor Services Ltd
31 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Astral Poly Technik (-10.4%).
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 SRS?
The current Grey Market Premium is ₹0.
What is the SRS IPO price band?
₹58 to ₹65, on a face value of ₹10.
When is the allotment?
The basis of allotment is 13 September 2011, with listing on 16 September 2011.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Beetal Financial & Computer Services Pvt.Ltd..
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.
